CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News
Bitcoin Corrects Profits, Key Resistance Turns Support Nearby

The bitcoin price rose sharply and traded around $ 19,500 per US dollar.






Finally, the bitcoin price was able to overcome the resistance levels of $ 18,700 and $ 18,800. BTC rallied above the $ 19,000 and $ 19,200 levels. A new yearly high was formed at around $ 19,450 before the price began to retrace further.
There was a break below the $ 19,300 and $ 19,200 levels. The price traded below the 23.6% Fibonacci retracement level of the upward movement from the swing low of $ 18,083 to the swing high of $ 19,450. It is now approaching the main support zone at $ 18,800.
Also on the hourly chart of the BTC dollar pair, a major bullish trend line is forming with support at around $ 18,800. The trendline is close to the 50% Fibonacci retracement level of the upward movement from the swing low of $ 18,083 to the swing high of $ 19,450.


Bitcoin Price






Ethereum weakens below $ 600: why 100 SMA can trigger new growth
Ethereum began a downward correction from the $ 620 zone against the US dollar.






Ethereum made two attempts to break the $ 620 resistance level, but to no avail. The result was a bearish reaction and the price broke through the $ 612 and $ 600 support levels.
The fall accelerated below the $ 600 support and the price even broke through the $ 585 level. Ether found support around the $ 580 level and is still well above the 100 hour simple moving average.
Price is currently consolidating losses above the $ 580 support. It is testing the 23.6% Fibonacci retracement level of the recent decline from the $ 612 swing high to the $ 580 swing low.
Ethereum price corrected lower






Bitcoin open interest and Binance ATH futures volume as BTC price approaches $ 20,000
Open interest in the Binance Bitcoin futures market has recorded an all-time high.






Bitcoin price has just surged to the $ 19,000 mark and is aiming to reclaim its previous all-time high of $ 20,000. This surge in volatility has resulted in all BTC markets experiencing serious trading traffic, especially the Bitcoin futures market. Open interest in the Binance futures market has exceeded $ 1.2 billion.
More interestingly, the exchange's 24-hour BTC futures volumes are significantly higher than all other platforms in the industry. Binance currently trades nearly $ 11 billion in bitcoin futures, while Huobi lags behind with $ 8.3 billion in 24-hour BTC futures volume.
Bitcoin open interest






Leading Japanese finance firm SBI Holdings Deploys Crypto Lending Services
A subsidiary of a large Japanese financial services company SBI Holdings has launched "crypto-lending" services.






The announced service "VC Trade Lending" will allow users to deposit their bitcoins into SBI VC Trade and receive interest at a rate of 1% annually, including taxes.
According to the announcement, the minimum and maximum amount that Bitcoin users can deposit are 0.1 BTC and 5.0 BTC, respectively.
The announcement also states that the firm will not charge an account management fee or membership fees for the service.
While the service is launching with bitcoin, the firm said it plans to expand it to other cryptocurrencies such as XRP and ethereum.
Crypto Lending Services SBI Holdings






Lithuanian Tax Service sells confiscated BTC, ETH, XMR for $ 7.6 million
The Lithuanian tax authority sold the confiscated cryptocurrency in the amount of 6.4 million euros.






The reports say the seized cryptoassets consisted of Bitcoin, Ether, and Monero, which were seized in February this year.
An STI spokesman said in a report that it will be much easier to sell such confiscated assets in the future. But how STI sold the seized cryptocurrency remains unclear, however, authorities noted that the exchange process required STI to create a cryptocurrency wallet in order to receive cryptocurrency from law enforcement.
Sale of confiscated BTC, ETH, XMR






Huobi Launches Filecoin Incubator Supported by $ 10 Million Fund
Huobi Group has unveiled a new Filecoin-focused incubator program.






A press release describing the launch says the incubation center will focus on investing in ecosystem projects as well as supporting the broader Filecoin community. As part of the arrangement, Protocol Labs will provide technical advisory support to projects that join the incubator and participate in related activities.
Huobi Launches Filecoin