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BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

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The rebound in the crypto market was shaken on Sept. 24 after it was revealed that China’s government adopted a new package of measures that includes stronger cross-departmental coordination to “cut off payment channels, ditch relevant websites and mobile apps” to crack down on illegal cryptocurrency transactions efficient.

While the news led to a sell-off, long-term investors are unlikely to be concerned, as nothing else has changed other than the announcement of additional measures to effectively enforce the existing ban.

Daily performance of the cryptocurrency market. Source: Coin360

China first announced a ban on cryptocurrencies in September 2017, and that news had also led to a sharp correction in Bitcoin (BTC) price. That slump proved to be a good buying opportunity, however, as the price recovered in a matter of weeks and hit a new all-time high of nearly $ 20,000 in less than three months.

Is the current correction in Bitcoin and most of the major altcoins a good buying opportunity or could the crypto markets continue to collapse? Let’s analyze the top 10 cryptocurrency charts to find out.

BTC / USDT

Bitcoin bounced off the 100-day simple moving average ($ 40,874) and rose above the neckline of the head-and-shoulders moving average ($ 45,596) on September 22nd.

BTC / USDT daily chart. Source: TradingView

The falling 20-day EMA and the relative strength index (RSI) in negative territory show that the bears have the upper hand. If bears sink and hold the price below the 100-day SMA, the BTC / USDT pair could fall to $ 37,332.70.

This level can act as strong support, but if it breaks the next stop on the pattern target could be at $ 32,423.05.

Contrary to this assumption, if the price rises from current levels or the 100-day SMA, the bulls will try again to push the pair above the moving averages. A closing price above the 50-day SMA ($ 46,816) suggests the correction may be over.

ETH / USDT

Ether (ETH) rebounded from the 100-day SMA ($ 2,734) on September 22nd, climbing above the plunge level of $ 3,000. This shows that the bulls bought the dip and tried to trap the aggressive bears.

ETH / USDT daily chart. Source: TradingView

However, the rebound stalled on September 23 at $ 3,174.50 and the bears are trying to establish their supremacy. The falling 20-day EMA ($ 3,255) and the RSI below 41 show that the bears are in charge.

If the index breaks and closes below the 100-day SMA, the ETH / USDT pair could see aggressive selling. The pair could then fall towards the pattern target at $ 1,972.12. This negative view will be invalidated if the bulls push and hold the price above the moving averages.

ADA / USDT

Cardano’s (ADA) strong rebound from $ 1.94 levels hit a roadblock at the 20-day EMA ($ 2.36). This suggests sentiment remains negative with traders selling on rallies to the 20-day EMA.

ADA / USDT daily chart. Source: TradingView

The bears will now attempt to break the price below the critical support zone at $ 1.94 and the 100-day SMA ($ 1.83). If successful, the ADA / USDT pair could fall to $ 1.60 and then to $ 1.40.

Alternatively, if the price rises from current levels or rebounds from $ 1.94, the bulls will attempt to break the overhead hurdle again. A break and close above the 20-day EMA are the first signs that the correction may be over. The pair could then rise to $ 2.60 and then to $ 2.80.

BNB / USDT

Binance Coin (BNB) rebounded from strong support at $ 340 from $ 385.30 today, indicating strong sales by traders at higher levels.

BNB / USDT daily chart. Source: TradingView

The downward trending 20-day EMA ($ 402) and the RSI below 37 indicate the bears are in control. If the $ 340 support breaks, sales could intensify and the BNB / USDT pair could extend its decline to $ 300 and then to $ 250.

Contrary to this assumption, the bulls will make another attempt to push the price above the moving averages if the price rebounds from current levels. A breakout and a close above $ 433 signal that the correction may be over.

XRP / USDT

XRP bounced off the 100-day SMA ($ 0.87) on September 22, but the bulls failed to extend the rebound. The altcoin formed a doji candlestick pattern on September 23, indicating indecision between bulls and bears.

XRP / USDT daily chart. Source: TradingView

The uncertainty cleared on the downside today as bears pushed the price down to the 100-day SMA. If that support breaks, selling could gain momentum and the XRP / USDT pair could slide to $ 0. 70.

This level can act as strong support, but if bears let the price dip below it, the next stop could be at $ 0.50. That negative view will be offset if the price rebounds from the 100-day SMA and rises above the $ 1.07 to $ 1.13 resistance zone.

SOL / USDT

Solana (SOL) rebounded and rose above the 20-day EMA (USD 145) on September 22nd, but the bulls were unable to push the price above the downtrend line. This suggests that bears are selling in rallies.

SOL / USDT daily chart. Source: TradingView

The bears pulled the price back below the 20-day EMA today and the SOL / USDT pair could now hit the 50-day SMA ($ 108). This level should serve as strong support.

If the price recovers from this, the bulls will try again to push the price above the downtrend line and hold it. If they do, the pair could climb to $ 170 and then to $ 200.

Conversely, if the 50-day SMA cracks, the pair could panic selling and the price could then fall to the 78.6% Fibonacci retracement level at $ 98.26.

DOT / USDT

Polkadots (DOT) rebound of $ 25.50 stayed at $ 33.60. This suggests that bears are selling at higher levels. The bears are trying to push the price below the breakout level of $ 28.60. If this succeeds, a retest of $ 25.50 is likely.

DOT / USDT daily chart. Source: TradingView

A breakout and a close below $ 25.50 complete a bearish head and shoulders pattern. The DOT / USDT pair could then begin its decline to the 100-day SMA ($ 21.87) and then to the pattern target at $ 12.23.

Contrary to this assumption, the bulls will make one more attempt to resume the upward move if price rebounds from current levels or the neckline. A break and a close above $ 33.60 could open the doors for a retest at $ 38.77.

Related: Bitcoin hits $ 45,000, TWTR share price soars 3.8% after BTC tip arrives on Twitter

DOGE / USDT

The bulls pushed Dogecoin (DOGE) above $ 0.21 on September 22, but the rebound failed to attract buyers at higher levels. After forming an inside-day candlestick pattern on September 23, the price fell below $ 0.21 today.

DOGE / USDT daily chart. Source: TradingView

The falling 20-day EMA ($ 0.23) and the RSI near 36 suggest sellers have the upper hand. If bears drag the price below the $ 0.19 support, the DOGE / USDT pair could extend its decline to the critical support at $ 0.15.

This level has held up on three previous occasions so the bulls will try again to defend it. On the flip side, if bears drop the price below $ 0.15, sales could pick up and the pair could drop to $ 0.10.

AVAX / USDT

Avalanche (AVAX) rebounded from the 20-day EMA (USD 60.15) on September 21 and rose to a new all-time high on September 23. However, the bulls were unable to push the price above the resistance line of the ascending channel. which could have resulted in profit bookings from short term traders.

AVAX / USDT daily chart. Source: TradingView

The AVAX / USDT pair has turned down today and the first stop could be the support line of the channel. A strong rebound from this support indicates that the uptrend remains intact and traders are accumulating on dips. The pair could then climb to $ 94.

On the flip side, a break and closure below the channel will be the first sign that the bulls may lose their footing. If bears drag below the 20-day EMA, the pair could fall to $ 48 and then to the 50-day SMA ($ 43.06).

MOON / USDT

The cops successfully defended the retest of the breakout level in the LUNA token of the Terra Protocol on September 21. This indicated that sentiment remained positive and traders viewed the slumps as a buying opportunity.

LUNA / USDT daily chart. Source: TradingView

Buyers pushed the price above the 20-day EMA ($ 33.06) on September 22nd, followed by another upward move on September 23rd. Although the 20-day EMA has started rising, the RSI is showing a minus divergence, suggesting that bullish momentum may be weakening.

If bears pull and hold below the 20-day EMA, the LUNA / USDT pair could fall back to the critical support at $ 22.40. This is an important level to watch out for because if it cracks, sales could intensify and the pair could drop to $ 18.

On the flip side, the pair could retest the all-time high at $ 45.01 if the bulls push the price above $ 40. A breakout and close above this level could signal the resumption of the uptrend.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph. Every investment and trading movement involves risks. You should do your own research when making a decision.

Market data is provided by the HitBTC exchange.

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Cryptocurrency

Facebook’s Novi, Worldcoin, BTC ETF, Mastercard crypto

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1. Introduction of the first US futures-based Bitcoin ETF

2. Senators call out on Facebook, Novi. to turn off

Also on Tuesday, Senate Democrats wrote a letter to Mark Zuckerberg, CEO of Facebook, to get the social media giant to end its Novi digital wallet project.

The letter received from Sens. Brian Schatz, D-HI .; Sherrod Brown, D-Ohio .; Elizabeth Warren, D-Mass .; and others came after Facebook launched its Novi pilot program in the US and Guatemala on Tuesday.

“Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risk and keep consumers safe has proven to be utterly inadequate,” the letter said. “We urge you to immediately hire your Novi pilot and make a commitment not to bring Diem to market.”

Diem, renamed from Libra, is Facebook’s stopped digital currency project. However, instead of using Diem, Facebook announced it would be using a stablecoin called the Paxos Dollar. Novi would allow users to send and receive money using the Paxos dollar, with Coinbase as their custodian partner.

3. Worldcoin scans people’s eyes in exchange for free cryptocurrency

Silicon Valley tech millionaire Sam Altman has launched a new startup called Worldcoin that claims it will provide free cryptocurrency to those who verify their accounts through an iris scan.

Worldcoin says it has shipped its scanning devices to people in 12 countries.

Once users log in by scanning their irises, the image is encrypted and converted into a unique code, while the original data is erased to protect users’ privacy, Worldcoin told CNBC. Afterwards, the users will receive the cryptocurrency from Worldcoin for free.

Worldcoin has accumulated over 100,000 users worldwide and is adding 700 more every week. The start-up aims to reach 1 billion users by 2023.

4. Robinhood’s crypto wallet waiting list exceeds 1 million customers

During CNBC’s Disruptor 50 summit on Thursday, Robinhood CEO Vlad Tenev said that the trading app’s crypto wallet waiting list is more than 1 million customers.

“You can have a wallet, you can send people cryptocurrencies from that wallet to their wallet,” Tenev said. “The technology has certain advantages that somehow make it globally and by default available, and that makes it very interesting.”

Last month, Robinhood announced that it was testing a wallet feature that would allow investors to trade, send, and receive cryptocurrencies. Users can also move cryptocurrencies in and out of the Robinhood app.

5. Mastercard says that every bank or merchant in its network will soon be able to offer crypto services

On Monday, CNBC reported that Mastercard will soon allow banks and merchants on its payment network to incorporate cryptocurrency into their products.

These include bitcoin wallets, as well as credit and debit cards, which users can use to earn cryptocurrency rewards or spend cryptocurrency.

Mastercard partners with Bakkt, a digital asset platform that provides custody services to those who sign up.

6. Nigeria’s Central Bank Digital Currency Goes Live

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New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

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Bondly announced a new functionality on the Cardano blockchain aimed at creators. Energy consumption has been a major issue on the Ethereum network, especially given the increased use of the blockchain in recent months. The developers behind the project have been working to bring the network to proof-of-stake, but that’s still a year away.

In the meantime, the Ethereum blockchain is still using a proof-of-work mechanism that takes a lot of energy to confirm transactions on the network. So Bondly has introduced a new solution for NFT makers who may be looking for more sustainable and environmentally friendly options for their creations. At the same time, however, you don’t want to lose the NFTs that they already minted on the Ethereum blockchain.

Related reading |

Bridges between two worlds

In his announcement, Bondly says his official Ethereum-to-Cardano bridge will allow developers to choose a greener blockchain for their NFTs. This bridge allows creators to move their NFT creations from the Ethereum blockchain to the Cardano blockchain.

In terms of energy efficiency, the Cardano blockchain is four million times more efficient than Bitcoin. Ethereum is said to consume Columbia’s energy equivalent, while Cardano’s energy consumption is equivalent to that of a single family home. This will create a greener, greener network for creators who are concerned about the environmental impact of blockchain usage.

Related reading | Cardano loses 3rd place in the Crypto Top 10, why it can drop even more

Bondly announced that through this partnership with IOG NFT creators, it will provide a way to easily transfer NFTs imprinted on the Ethereum blockchain to Cardano without the risk of losing a transaction or paying high fees for wire transfers.

Cheaper on Cardano

Aside from their work on an environmentally friendly blockchain, the creators don’t have to worry about the high fees that the Ethereum network has become known for. With the bulk of NFT minting happening on Ethereum, network fees have skyrocketed, drying up smaller creators who can’t afford these high fees. However, this is not the case with Cardano.

ADA price struggles at $ 2.13 | Source: ADAUSD on TradingView.com

The network prides itself on having low fees for every transaction carried out on the blockchain. In addition, the network also provides NFT builders with price predictability and stable transaction costs, eliminating ever-increasing fees and the fear of lost transactions due to insufficient gas charges to cover a transaction.

The bridge is slated to launch in 2022 and to celebrate its launch, Bondly will be releasing a special series of eco-friendly NFTs on the network. Harry Liu, CEO of Bondly, said; “The creation of a cross-chain NFT bridge between Ethereum and Cardano marks a crucial moment in the transition from legacy blockchain technology to one of the most anticipated “third generation” networks. As one of the pioneers of the NFT movement, we continue to play a key role in building the infrastructure that will usher in the next phase of the NFT evolution. “

Related reading | Cardano enters the Babbage era after the Alonzo HFC milestone

Liu isn’t the only one who loves the bridge. Cardano founder Charles Hoskinson expressed support for the project. “We built Cardano with energy efficiency in mind, which is why this partnership with Bondly is so critical,” said Hoskinson. “We believe that blockchain will only achieve mass adoption if end users have a seamless experience regardless of which blockchain they are using, whatever bridges like this one will achieve.”

The founder has always believed that interoperability will be the future of the blockchain industry and that stance is reinforced with the new partnership with Bondly.

Featured image from Bitcoinist, chart from TradingView.com

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Cryptocurrency panel discusses innovation, investment opportunities – Oakland News Now

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Oakland news now –

Cryptocurrency Panel Discusses Innovation, Investment Opportunities

– YouTube channel video with the logo in the top left corner of the video. OaklandNewsNow.com is the original blog post for this type of video blog content.

Crytpo #bitcoin #investingincrypto #YFAMS #YahooAMS Jennifer Schonberger from Yahoo Finance hosts a comprehensive discussion on cryptocurrency with three …

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Note from Zennie62Media and OaklandNewsNow.com: This video blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media, Inc. network for video blogging systems for mobile media launched in June 2018 by Zennie62Media, Inc .s new and innovative approach to news media production. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the YouTube video channel for Yahoo Finance uploads a video, it is automatically uploaded to the Oakland News Now site and Zennie62’s own social media pages and formatted automatically. The overall goal here is, in addition to our smartphone-enabled real-time reporting of news, interviews, observations and events anywhere in the world and within seconds, not hours – the use of the existing YouTube social graphic on any topic in the world. Now messages are reported with the smartphone and also by advertising current content on YouTube: There is no need for heavy and expensive cameras or even a laptop or a camera team to film what is already on YouTube. The secondary goal is faster and very inexpensive production and distribution of media content. We found that there is a discrepancy between post length and time to product and revenue generated. This means that the problem is much smaller, but by no means solved. Zennie62Media is constantly working to improve the system’s network encoding and is looking for interested content and media technology partners.

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