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Bitcoin surpassed $ 22k, why the rally isn’t over yet
The bitcoin price has risen more than 12% and has overcome many hurdles – around $ 20,000 and $ 22,000 against the US dollar.
There was a clear breakout of the bitcoin price above the resistance levels of $ 19,500 and $ 19,800. As a result, BTC broke the $ 20,000 barrier and began a strong upward movement.
The price reached a new all-time high and closed above the 100-hour simple moving average. The bulls are clearly in action as they managed to push the price above $ 21,000 and $ 22,000. During the rally, there was a break above a pair of bullish continuation patterns around $ 19,754 and $ 20,900 on the hourly BTC dollar chart.
Binance Labs Hosts $ 12 Million Investment Round For MathWallet
MathWallet Recently Completed $ 12 Million Series B Funding Round
Cryptocurrency company MathWallet recently completed a $ 12 million Series B funding round led by Binance Labs, Binance’s venture capital and incubator.
The investment round is expected to solidify MathWallet’s future innovation in DeFi and the blockchain space. It is also part of Binance Labs’ ongoing initiative to promote DeFi, build blockchain infrastructure, and support innovation in startups.
How Bitcoin’s surge propelled Ripple into the green
XRP price is up 30% and is now trading well above the $ 0.5500 resistance level.
The bulls took over the cryptocurrency market and XRP rallied above the $ 0.5000 resistance level. The upward movement was such that the price increased by more than 30%. During the rally, there was a break above the key downtrend channel with resistance near $ 0.5300 on the 4-hour XRP dollar chart.
Ethereum revisits $ 650 why downturns remain attractive to buyers
Ethereum started strong gains above $ 600 and $ 620 against the US dollar.
The bulls gained the upper hand and there was a strong move up 10% towards the $ 650 mark. There was also a break above the key contracting triangle with resistance near $ 625 on the hourly ETH / USD chart. Ether even surpassed $ 650 and settled well above the 100-hour simple moving average.
While Bitcoin peaked when CME released BTC futures, Ethereum futures are bullish
Bitcoin and Ethereum are skyrocketing again.
BTC is at a new all-time high of $ 20,800, and ETH is hitting new highs since the beginning of the year at $ 635.
The rally coincided with news that CME, the world’s leading derivatives and commodities exchange, had begun work on Ethereum futures contracts. While it is impossible to 100 percent determine if this rally is a byproduct of this news, BTC rallied sharply on the day CME announced its Bitcoin futures contract.
As institutions began to enter the bitcoin space, CME futures have become a significant way for this class of investors to access this space.
CME issues BTC futures
Nearly $ 400 Million Short Positions Have Been Liquidated When Bitcoin Price Rises To $ 20,000
Bitcoin’s price soared above $ 20,000, leaving nearly $ 400 million in liquidated short positions on major exchanges.
It’s safe to say that the bitcoin bulls prevailed in the trading session as the bitcoin price soared to the coveted $ 20,000 and hit a new all-time high in prices.
The cryptocurrency is currently trading at about $ 20,500, which means a daily gain of 6.6%.
Square Grows 100% After Buying $ 50 Million Bitcoin
Analysts Upbeat As Bitcoin Funding Rate Goes Negative On Binance
Following MicroStrategy, bitcoin-friendly fintech company Square shocked the market earlier this year when it announced it would be investing in BTC. A large Silicon Valley company spent $ 50 million from its balance sheet, about 1% of its assets, on BTC. This was the second time a US publicly listed company had deposited BTC into its balance sheet as an investment.
DeFi founder hacker asks for $ 3 million in Ethereum after stealing $ 8 million in NXM
Hugh Karp, founder of the Nexus Mutual decentralized collaborative platform, was hacked for $ 8 million at NXM.
It so happened that an unknown attacker gained access to Karp’s device through malware that changed the device’s MetaMask file. This allowed MetaMask to broadcast the fake transaction, although Karp was using a hardware wallet. As a result of a fake transaction from Karp’s address, $ 8 million NXM was spent.