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Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level – Market Updates Bitcoin News

Bitcoin was buying and selling decrease in at this time’s session, after failing to interrupt out of a key resistance degree of $19,600. Bullish sentiment appeared to have returned to the market on Monday, nevertheless this momentum was quick lived. Ethereum additionally fell in at this time’s session, however remained above its latest value ceiling.

Bitcoin

Bitcoin (BTC) moved decrease on Tuesday, as bears returned to motion following a failed breakout of a key resistance level.

BTC/USD slipped to an intraday low of $19,206.32 earlier in at this time’s session, transferring away from Monday’s peak of $19,698.

Yesterday’s transfer noticed the token briefly transfer previous its ceiling of $19,600, nevertheless, after failing to take care of momentum, bulls vacated their positions.

Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level
BTC/USD – Each day Chart

On account of at this time’s drop, the 14-day relative power index (RSI) fell to a flooring of 47.50, which is its weakest level since Saturday.

At the moment the index has rejected a transfer beneath this mark, and is monitoring at 48.54, as bulls attempt to regain a few of the market sentiment.

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Nevertheless, ought to we see a transfer beneath the aforementioned flooring, then we may see bitcoin as soon as once more transfer beneath the $19,000 degree.

Ethereum

ETH/USD was additionally within the crimson on Tuesday, as merchants seem to have consolidated their beneficial properties from yesterday’s session.

Following a transfer to a three-week excessive of $1,370 on Monday, ETH/USD fell to a backside of $1,327.85 earlier within the day.

This earlier decline initially pushed the token beneath its resistance of $1,330, nevertheless because the day progressed, costs considerably rebounded.

Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level
ETH/USD – Each day Chart

As of writing, ethereum is now buying and selling at $1,348.29, which reveals that present momentum nonetheless stays largely bullish.

An upwards crossover between the 10-day (crimson) and 25-day (blue) transferring averages has now occurred as nicely, which might be the explanation for the shift in sentiment.

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Trying on the chart, a ceiling of $1,385 nonetheless seems to be the goal for merchants within the coming days.

Register your e mail right here to get weekly value evaluation updates despatched to your inbox:

Will we see ethereum proceed to surge heading into November? Go away your ideas within the feedback beneath.

Eliman Dambell

Eliman brings an eclectic viewpoint to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. At the moment, he acts as a commentator throughout varied asset lessons, together with Crypto, Shares and FX.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.

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ZIUM Launches to Revolutionize Instagram and Cryptocurrency Solutions

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ZIUM Launches to Revolutionize Instagram and Cryptocurrency Solutions

Zagreb, Croatia–(Newsfile Corp. – January 12, 2025) – ZIUM, a cutting-edge agency founded to tackle some of the most pressing challenges in social media and digital marketing, is now officially open for business. Specializing in Instagram username claims, account unbans, and cryptocurrency marketing, ZIUM has positioned itself as a trusted partner for individuals and businesses seeking innovative solutions in the digital age.

The agency operates at the intersection of technology, social media, and blockchain marketing, empowering clients to unlock their full potential online. With a dedicated team of experts and a results-driven approach, ZIUM is redefining the way people navigate the ever-changing online landscape.


ZIUM

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A New Era of Digital Problem Solving
ZIUM’s services address real-world challenges in today’s digital ecosystem. Instagram, one of the largest and most influential social platforms, has become a critical tool for personal branding, business promotion, and community engagement. However, issues such as unavailable usernames or unfair account suspensions can hinder growth and cause frustration. ZIUM steps in to provide solutions that are fast, efficient, and tailored to each client’s needs.

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Additionally, ZIUM excels in cryptocurrency marketing, offering projects and startups a strategic edge in the fast-paced blockchain industry. By combining deep knowledge of crypto trends with cutting-edge marketing strategies, the agency helps blockchain projects stand out in an increasingly crowded market.

Core Services Offered by ZIUM

  1. Instagram Username Claims
    In the crowded social media space, having the perfect Instagram username can make all the difference. Whether it’s for a brand, influencer, or business, ZIUM specializes in acquiring sought-after usernames to align with clients’ goals and identities. The agency handles the process from start to finish, ensuring a smooth and hassle-free experience.

  2. Instagram Account Unbans
    Account suspensions on Instagram can be devastating, especially for businesses and influencers relying on the platform for engagement and revenue. ZIUM offers expert account recovery services, helping clients navigate Instagram’s policies to regain access to their accounts quickly and effectively.

  3. Cryptocurrency Marketing
    The cryptocurrency space is highly competitive, and visibility is key. ZIUM provides end-to-end marketing strategies tailored to blockchain projects, ensuring they reach the right audience. From brand development to targeted campaigns, ZIUM helps crypto ventures grow and thrive in an ever-evolving market.

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Donald Trump Embraces Meme Coins—A Presidential First

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Donald Trump Embraces Meme Coins—A Presidential First

Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community.

Trump: A Significant Crypto Portfolio

Recent sources claim that Trump’s crypto wallet consists largely of meme coins and is valued roughly $8 million. Among the assets are $1.5 million in a meme currency with Trump-themed design and $5.5 million in TROG tokens.

In addition, he has about 1.3 billion GUA coins, which amounts to nearly $400,000, and $167,000 in TRUMPIUS tokens. This is a first of its kind, where Trump becomes an oddity in the world of politics and cryptocurrency, considering his earlier reluctance towards digital assets.

From Skepticism To Support

Trump’s journey into the crypto world is notable. He had been a strong critic of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and speaking out for the right to own it. That’s a broader trend among politicians, who are increasingly recognizing the potential of cryptocurrencies and their growing popularity among voters.

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Trump’s financial success in the digital sphere was also aided by his venture into non-fungible tokens (NFTs) on Ethereum. Trump reportedly made a good living from these endeavors, and he currently owns roughly 496.77 ETH, which is worth about $1.6 million.

BTC is currently trading at $94,144. Chart: TradingView

Implications For Regulation

Many people are eager to see how Trump’s administration will regulate cryptocurrencies now that he is back in office. A possible change toward a more advantageous regulatory climate for digital assets is hinted at by the nomination of important individuals like David Sacks as “Crypto Czar” and Paul Atkins as SEC chair. This could result in more precise rules for investors and businesses involved in the cryptocurrency industry.

Trump

Donald Trump. Image: Ronda Churchill/Reuters

The policies by Trump are already changing market dynamics as everybody is anxiously awaiting them. During this time when Bitcoin hit a record high of $108k, while meme coins surged, analysts still feel that Trump could make the year 2025 a major turning point in cryptocurrencies.

Meme Coin Boom

The rise of Trump-owned meme coins is indicative of a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of the political influence of Trump and the speculative nature of meme coins puts a scenario under which political events could significantly affect cryptocurrency markets. Thus, while the investors go about this, they are not ignorant of the volatility that is usually associated with meme coins.

Featured image from Fortanix, chart from TradingView

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Scammers steal $2 million in cryptocurrency from remote work seekers in New York, Florida 

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Scammers steal  million in cryptocurrency from remote work seekers in New York, Florida 

Scammers stole millions of dollars in cryptocurrency from remote job seekers in an elaborate scheme. New York Attorney General Letitia James has filed a lawsuit to recover over $2 million that she said was stolen from New Yorkers and others nationwide.

Scammers used unsolicited text messages to lure victims with promises of flexible, well-paying remote work opportunities. They claimed the job involved reviewing products online to generate market data. However, victims were told to open cryptocurrency accounts and maintain balances matching the price of products they were reviewing.

While victims believed they would receive their investments plus commissions, the funds were instead transferred into the scammers’ crypto wallets. The fake product reviews took place on a fraudulent website created as part of the scheme.

The lawsuit details seven people who were scammed. One victim, a New Yorker, lost over $100,000 while another victim from Florida lost over $300,000. These cases show the significant financial and emotional impact on the victims.

James’ office, working with Queens District Attorney Melinda Katz and her cryptocurrency unit, traced the stolen funds to specific digital wallets. Over $2 million in cryptocurrency has been frozen, ensuring it can be returned to victims.

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“Deceiving individuals seeking remote work is cruel and unacceptable,” said James. “We’re committed to holding scammers accountable and recovering stolen funds.”

Published By:

indiatodayglobal

Published On:

Jan 12, 2025

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