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Americans say cryptocurrencies have a ‘negative’ impact on their relationships

In a recent survey, 60% of US investors reported a decline in the quality of their personal relationships after being involved in the crypto sector, a report on Bloomberg pointed out Sunday.

The post Americans say cryptocurrencies have a ‘negative’ impact on their relationships appeared first on CryptoSlate.

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In a recent survey, 60% of US investors reported a decline in the quality of their personal relationships after being involved in the crypto sector, a report on Bloomberg pointed out Sunday.

The findings were among the first of their kind, a nod to the adage of money not necessarily equating to happiness.

Crypto leads to breakups…perhaps

The study, performed by online survey tool SurveyMonkey on behalf of .Tech Domains, surveyed 1,000 Americans to delve into the demographics, long-term outlooks, and social standings of crypto traders and investors.

One of the most interesting parts of the survey was the section on relationships and cryptocurrencies. It found over 60% of all investors found their sheer belief and interest in the cryptocurrency market to have rubbed off the wrong way among friends and family—they stated their involvement in the space was a “negative” impact.

.Tech domains opinionated why the results were what they were. “With countless stories of people selling homes and businesses to invest in crypto and the sheer polarizing nature of the topic, perhaps it’s not surprising that so many crypto investors have experienced strain on their personal relationships,” wrote Tasmina Sayed, author of the report.

Some experts agree with Sayed, however: “The stress on relationships could come from a number of fronts,” said Jeffrey Halley, senior market analyst at Oanda Asia-Pacific Pte. 

She added:

“One person in a relationship investing in cryptos when their partner is a vehement non-believer would create natural stresses — especially when cryptos have such large intraday swings in value and thus, the value of the portfolio.”

“Except for the lucky few, I fear that cryptocurrencies’ path will be littered with human tragedies,” Halley noted.

Other findings

Some of the findings were typical. Males (31%) dominated females (21%) when it came to crypto investments, Millennials (42%) and Gen Z (46%) were the largest age groups who owned or used crypto, and Bitcoin (65%) being the numero uno choice of crypto as an investment.

Other findings were not so typical. The study found more investors had plowed into Dogecoin (39%) than Ethereum (33%) and that 60% of respondents had divested from stock markets to invest in crypto—unlike popular sentiment that considers the latter to be a short term pump-and-dump game.

Meanwhile, the leading reason behind people not investing (59%) into crypto was that they didn’t “know much about it,” followed by “I don’t believe in it” (26%) and lack of regulation (25%). But for now, it’s bull season: the majority of respondents say Bitcoin would end the year between the $50,000-$100,000 mark, with 34% of those even aiming for a pierce $100,000. The asset trades at $53,000 at press time.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptoslate.com/americans-say-cryptocurrencies-have-a-negative-impact-on-their-relationships/

Blockchain

What Ethereum traders need to be cautious of

Ethereum’s price has been on a downtrend ever since its peak in May. Although its correlation has dropped with Bitcoin, the altcoin was still a part of a volatile market. ETH’s value has depreciated b

The post What Ethereum traders need to be cautious of appeared first on AMBCrypto.

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Ethereum’s price has been on a downtrend ever since its peak in May. Although its correlation has dropped with Bitcoin, the altcoin was still a part of a volatile market. ETH’s value has depreciated by 55% since May and was currently trading at $1,938.

Ethereum daily chart

Source: ETHUSD on TradingView

The above daily chart indicated ETH losing support at $2,178 and dropping to support at $1,826. This slip in the value paved way for more downwards pressure in the market. This could lead to the further consolidation of ETH’s value.

Reasoning

The 50 Moving Average has remained above the price bars for a couple of weeks and it has been a sign of the level of bearishness in the market. The gap between the price bars and the MA suggested that the bearish trend will continue in the market.

The current price drop pushed ETH to the April lows and as per the Directional Movement Index, the current market was witnessing an increasing downwards pressure. The -DI and +DI reached a point of a crossover, however, the sudden sell-off pushed -DI higher. At the time of press, the -DI and +DI remained diverged, suggesting traders were keen to sell their ETH at the current price. This could be in the hope of buying yet another dip.

Meanwhile, Stochastic RSI was also seeing a battle between the signal line and the RSI line. As the two remained in the oversold zone, the RSI line taking over the signal line could suggest buying pressure in the market. This could help ETH move above the 23.60% Fibonacci retracement level. However, as the line remained intertwined, it would be difficult to guess the fate of the market.

Conclusion 

The current Ethereum market was indicative of more bearishness. This has already pushed the asset in the oversold category and to gain stability, ETH may consolidate close to its immediate support of $1,826.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/what-ethereum-traders-need-to-be-cautious-of

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Blockchain

Ethereum & Cardano: What are the crucial levels for these alts?

With a depreciation of 8.09% in the past day, the global crypto market cap stood at $1.36 trillion. The market has typically been on a sell-off spree over the last couple of days. Ethereum and Carda

The post Ethereum & Cardano: What are the crucial levels for these alts? appeared first on AMBCrypto.

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With a depreciation of 8.09% in the past day, the global crypto market cap stood at $1.36 trillion. The market has typically been on a sell-off spree over the last couple of days. Ethereum and Cardano, two of the crypto market’s top alts, have not had any impressive rally and have been encapsulated within their short-term bearish zone lately. Nevertheless, here are the key levels to watch out for.

Ethereum (ETH): 

After trading in the $2400 bracket last week, the market’s largest alt breached below the $2000 range during the weekend. At press time, ETH was trading at $1994.09. Commenting on ETH’s instability, Amsterdam based technical analyst Michaël van de Poppe recently asserted,

“Well, Ethereuem has been losing some momentum.”

As depicted in the chart below, ETH failed to break past the $2.9k resistance level towards the end of May and beginning of June, and since then, it has only been making lower highs. Simply stated, ETH’s price has been flipping support levels for resistances of late. Highlighting the key support area, Poppe said, 

“We’ve got ourselves in the next area of support which is the entire region around $1750.”

Additionally, Santiment’s data pointed out that ETH’s market cap that had been dropping since mid-June, seemed to have slightly recovered over the last couple of days. Also, the volume traded that had been stagnant in the $18B to $24B range last week, spiked up to $33B and $35B in the past two days.

Source: Twitter

It should also be noted that ETH lost another crucial support level around the $2100 range recently. Underlining the importance of the same, the analyst said,

“We have to regain that level in order to be ready to continue the momentum to any of the previous levels.”

Cardano (ADA): 

Cardano, the fifth largest crypto, did not completely succumb to the market’s recent sell-off phase. Additionally, the alt’s social volume that had been pretty stagnant over the past few days, saw a slight spike on 22 June.  Commenting on similar lines, Poppe stated,

“Impressed with the ADA strength.”

With respect to the Cardano-Bitcoin pair, the analyst stated that it had breached the critical support of 0.000038. Nevertheless, for the bullish momentum to reignite itself, Poppe pointed out a key recovery area. He said, 

“Cardano lost a critical support zone and we’re looking at the next level of support around 3000 sats (0.00003). Bullish if we reclaim the previous support level.”

Source: Twitter

At the time of writing, ADA/BTC was attempting to reclaim its $0.00003912 support level as it traded at 0.0000369. Additionally, ADA/USDT was trading around $1.25, bouncing back 13.27% from yesterday’s lows.  


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Source: https://ambcrypto.com/ethereum-cardano-what-are-crucial-levels-for-these-alts

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Blockchain

Gold, Stocks, and Bitcoin: Weekly Overview — June 24

This week’s price movements for Bitcoin (BTC), gold, and our stock picks Nvidia and Far Peak.

The post Gold, Stocks, and Bitcoin: Weekly Overview — June 24 appeared first on BeInCrypto.

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This week’s price movements for Bitcoin (BTC), gold, and our stock picks Nvidia and Far Peak.

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BTC

This has probably been the worst week yet, in what has already been a difficult period for Bitcoin (BTC). After hovering around resistance at $40,000 towards the end of last week, BTC began to sink back down, reaching $35,000 by June 19. Although it managed to edge back up to $36,000, even after falling to $34,000 on June 20. But by June 21, BTC’s price had fallen below $33,000, before spending hours below $30,000 for the first time this year. However, selling pressure at that point raised it back up to $34,000 on June 23, where it is currently trading.

New York-based research house Fundstrat said the selling that began on June 21 was “largely driven by regulatory pressures from China”. Michael Saylor, chief executive of MicroStrategy, one of the biggest corporate proponents of bitcoin, agreed that China’s clampdown was a “dominant driver.” “This created a forced and rushed exodus of Chinese capital and mining from the bitcoin network,” he tweeted.

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GOLD

Although the price of gold fell considerably towards the end of last week, it seems to have found support. After falling from $1,860 to $1,810 on June 16, gold fell further the following day to about $1,770. Although it pushed back up to $1,795 by June 18, it was back to $1,770 going into the weekend. However, on June 21 the price of gold rose to roughly $1,790. Over the next couple of days it channeled between that price level and $1,780 where it is currently trading.

The gold market is trying to find a balance between an overly ‘hawkish’ pricing of Fed interest rate hikes if inflation proves to be transitory, which would support gold, and a Fed that would act if inflation persists, TD Securities commodity strategist Daniel Ghali said. If the Fed does step in, it would translate into a more “balanced narrative” from the central bank than in the past, pushing gold into a “broader range,” Ghali added.

NVDA

Overall, Nvidia (NVDA) has had a good month of June. Starting at around $620 on May 31, NVDA had reached $650 by June 1. One week later, it had risen even further to $700. However, it hovered around this price point for about a week, before rising to $720 by June 14. NVDA then spiked on June 17 to $750, before reaching a new all-time high above $770 on June 18. It quickly fell from there to nearly $710, but as since recovered to its latest high, where it is currently trading.

Nvidia’s graphic processing units (GPU) have strongly been in demand basically since their debut, with a large share of them being bought by cryptocurrency miners. To deter this market base for the sake of its core gamers, Nvidia is creating two different kinds of graphics cards to suit each of the markets. It is also doing this to avoid a boom-and-bust cycle it experienced at the hands of crypto miners a few years ago.

FPAC

Far Peak Acquisition Company (FPAC) has had a good June overall as well. While trading mostly between $9.75 and $9.80, FPAC spiked on June 23, reaching nearly as high as $10.25. It has since retraced and is now trading around $10. This boon may have been caused by recent news that it is considering merging with crypto exchange Bullish. Far Peak Acquisition Company is a special purpose acquisition company, which are companies listed on a stock exchange that acquire public companies, in practice enabling those acquired companies to go public without undergoing the traditional process. This may also account for its unorthodox trading patterns.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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Source: https://beincrypto.com/gold-stocks-and-bitcoin-weekly-overview-june-24/

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The Private Sale Is Coming to an End. This Is Your Last Opportunity!

As a result of the recent cryptocurrency market explosion, crypto enthusiasts are thinking about the potential long-term growth of cryptocurrencies and which are worth investing in. Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world. If you haven’t yet gotten your […]

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As a result of the recent cryptocurrency market explosion, crypto enthusiasts are thinking about the potential long-term growth of cryptocurrencies and which are worth investing in. Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world. If you haven’t yet gotten your hands on it, don’t worry; you haven’t missed an investing opportunity. The private sale is still ongoing until Friday, 25th June!

What are the advantages of participating, and why should one do so?

After reviewing the team, the whitepaper and looking into the roadmap that the project has set out, there is no doubt that the platform will improve the way people do their everyday transactions with its simple interface for the public to trade at a record high blockchain speed and low gas fees.

Benefits

  • There are no time-consuming processes or intermediaries.
  • It offers a straightforward interface and low gas fees while initiating the transactions.
  • Solanax increases blockchain speed and makes it more convenient to transact than its peers in the cryptocurrency market.
  • Solanax is based on Solana’s Proof-of-History verification concept rather than a Proof-of-Work system (as that of Ethereum’s); it will enable users to leverage Solanax’s phenomenal transaction capabilities (Solanax to handle thousands of transactions in a second as compared to Ethereum’s 15).

Do Not Miss Out On The Last Chance Of Private Sale Of Solanax!

The Solana blockchain is significantly faster than its competitors, and the ongoing private sale is a chance for crypto fans and investors to get in on this game-changing opportunity.

Total Supply: 80 000 000 SOLD Tokens.

There will be 20 Million SOLD Tokens distributed before the CEX listing.

You can contact their sales staff at sale@solanax.org for assistance with any questions you may have.

The most crucial part is that whilst having high transaction fees and low gas prices, Solanax does not compromise on the security aspect.

Contact

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/the-private-sale-is-coming-to-an-end-this-is-your-last-opportunity/?utm_source=rss&utm_medium=rss&utm_campaign=the-private-sale-is-coming-to-an-end-this-is-your-last-opportunity

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