bitcoin price turmoils as the market cap takes a hit, leaving traders anxious about the future. With the price hovering around $59,370, just above a critical support level at $57,998, the market waits in anticipation for a potential rebound. Traders are keeping a close eye on key levels to determine whether bitcoin will break through resistance or face further declines.
Trump's Bold Vision for the U.S. as the crypto Capital of the world
Former President Donald Trump unveils an ambitious plan to establish the United States as the global hub for cryptocurrencies. Through his family's crypto platform, "world Liberty Financial," Trump aims to invigorate the nation's crypto sector and prevent economic setbacks. The initiative, developed in collaboration with his sons Eric and Donald Trump Jr., showcases their staunch support for decentralized finance.
Having raised $25 million from crypto industry leaders for his 2024 presidential campaign, Trump pledges to eliminate central bank digital currencies (CBDCs) while creating a national crypto reserve. If successful, this move could not only bolster bitcoin prices but also lead to more favorable regulatory frameworks.
PayPal's Strategic Alliance with MoonPay Expands crypto Access
PayPal's latest partnership with MoonPay offers its U.S. customers seamless access to over 110 cryptocurrencies directly through their PayPal accounts. This collaboration, already operational in Europe and the U.K., simplifies crypto transactions by eliminating redundant identity and payment data entries.
The integration enables users to trade within the PayPal app using their existing balances or bank transfers. MoonPay CEO Ivan Soto-Wright lauds the partnership for enhancing convenience and building trust among mainstream users. With mainstream institutions increasingly expressing confidence in cryptocurrencies, this development marks a significant milestone in the journey towards broader crypto adoption.
New NCR ATMs Facilitate bitcoin to Cash Conversions Across the U.S.
NCR's Atleos introduces a new feature on LibertyX ATMs in the U.S., enabling users to convert bitcoin to cash seamlessly. Through the LibertyX app, customers can choose an ATM, send bitcoin to a specified address, and receive U.S. dollars by redeeming an access code at the machine.
With over 30 states covered and a transaction limit of $400, this feature enables near-instant bitcoin-to-cash conversions without the delays associated with traditional bank transfers. NCR's support for bitcoin transactions at 30,000 ATMs post-acquisition of LibertyX underscores the growing usability and accessibility of bitcoin, potentially driving wider adoption.
bitcoin-hovers-near-59-500-key-levels-to-watch-for-breakout-or-breakdown">bitcoin's Battle Near $59,500: Crucial Levels to Monitor for Upward or Downward Movement
bitcoin currently trades around $59,370, slightly above a critical support level at $57,998. The upward trendline fortifies this support, indicating potential continued bullish momentum if sustained. The 50-period EMA acts as immediate resistance near $60,864, with a successful breach potentially propelling bitcoin towards the next resistance at $62,473.
Support levels are crucial at $57,998 and $56,130, while resistance levels at $60,864 and $62,473 pose key thresholds for bitcoin's price movement. Traders should vigilantly watch for potential breakout or breakdown scenarios to navigate future trading decisions effectively.
bitcoin-adoption-grows-as-crypto-all-stars-nears-1m-in-presale">Rapid bitcoin Adoption Fuels Growth for crypto All-Stars
Driven by bitcoin's increasing adoption, the newly launched platform crypto All-Stars gains significant traction in the crypto space. With its presale nearing completion, the platform has raised over $845,830 out of a $1,082,698 target, offering $STARS at a rate of $0.0014135.
By leveraging bitcoin's market influence, crypto All-Stars presents innovative staking solutions by integrating with popular meme coins. Despite bitcoin not being a meme coin, its widespread impact is driving interest in projects like crypto All-Stars, which offers unique staking opportunities for both bitcoin and meme coin holders.
Positioning itself as a promising long-term investment option, crypto All-Stars attracts investors with a strategic token allocation approach and a focus on sustained growth. For meme coin holders seeking to maximize their investments, crypto All-Stars provides an appealing alternative with diverse purchase options such as ETH, USDT, BNB, or card payments.
Stay updated on crypto All-Stars' development plans by following their social media channels such as Twitter and telegram. For more information and to participate in the presale, visit their official website.
