High Cryptocurrency Costs At the moment: Polkadot, Doge Decline; Binance Coin wins 6% – Financial Occasions

New Delhi: The crypto cart showed mixed trends on Tuesday as investors posted gains on recent winners and the bulls paused briefly after a sharp rally. Six of the top 10 cryptocurrencies were trading lower at 9:30 a.m. IST. However, Solana and Binance Coin each gained up to 6 percent.

Global crypto market cap was hovering near the $ 2.15 trillion mark, down slightly from the previous day. However, the total volume of the crypto market rose more than 14 percent to $ 114.92 billion.

The ZebPay Trade Desk said that despite lower volumes, Bitcoin had managed to successfully maintain the high price level in recent days. However, it remains to be seen how long these levels will last.

“More importantly, new Fed fundamentals could affect the asset this week. The annual Jackson Hole Summit promises some pragmatic policy changes due to the coronavirus pandemic, ”he added.

Poly Network cryptocurrency platform said nearly all of the $ 610 million stolen in one of the largest crypto heists this month has now been returned by the unknown person or persons behind the attack.

A wave of young investors from non-metro cities are increasingly trading stocks and buying cryptocurrencies online, industry executives said, a development that coincided with the Covid-19 outbreak and subsequent national lockdown last year.

As the Indian government formulates the new cryptocurrency law amid its increasing adoption, Nischal Shetty, CEO of leading cryptocurrency exchange WazirX, said appropriate rules and regulations need to be put in place to allow digital coins to reach more investors in the country, especially smaller cities.

Tech View of Giottus Cryptocurrency Exchange
SafePal is a crypto wallet company that offers customers both hardware and software wallets. Hardware wallets add a layer of security to cryptocurrencies and give investors the ability to store cryptocurrencies on a physical drive that can be secured in a locker. SafePal is supported by Binance and is integrated into the BSB ecosystem.

SFP was released in early 2021 and is the utility token for the SafePal ecosystem. It is among the top 300 cryptocurrencies, hitting an all-time high (ATH) of $ 3.85 in March. It is currently trading near $ 1.5 with a bullish outlook supported by growing volume.

For the short term, SFP tests the trend line resistance of a rising wedge, which is a bearish pattern and therefore can later lead to a pullback. However, SFP enjoys strong support at $ 1.2-1.3.

A good entry point for SFP is the trendline support of its ascending channel in the daily timeframe.

Main stages

Support: $ 1.49, $ 1.39, $ 1.29

Resistance: $ 1.62, $ 2.62, $ 3.26

The time is in UTC and the daily time frame is 12:00 PM – 12:00 PM UTC


(The views and recommendations in this section are the analysts’ own views and recommendations and do not reflect those of ETMarkets.com. Please consult your financial advisor prior to entering into any position in any of the above assets.)


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

The 5 Finest Altcoins To Purchase Now For Future Income – Goodreturns Polkadot

The 5 Finest Altcoins To Purchase Now For Future Income – Goodreturns

The 5 Best Altcoins To Buy Now For Future Profits Cryptocurrency symbol Last traded...

By wpadminsonic164
Polkadot

Polka Dot Zebra Tira again within the Serengeti – The Citizen

By Paul Owere Serengeti. Two years ago, the spotted zebra Tira caught the attention...

By wpadminsonic164
Sophie Ellis-Bextor wows in a black and white polka dot mini costume as she performs on the occasion – Each day Mail Polkadot

Sophie Ellis-Bextor wows in a black and white polka dot mini costume as she performs on the occasion – Each day Mail

She entertained the nation with her Kitchen Discos during the Covid crisis. And Sophie...

By wpadminsonic164
Kriti Sanon in a polka dot midi costume regarded just like the prettiest princess of all time;  Sure or no?  – PINK VILLA Polkadot

Kriti Sanon in a polka dot midi costume regarded just like the prettiest princess of all time; Sure or no? – PINK VILLA

We all have this one favorite restaurant that puts us in a puzzling mood...

By wpadminsonic164
Rachael Leigh Prepare dinner stuns on the premiere of He is All That … the gender swap remake of She’s All That – Each day Mail Polkadot

Rachael Leigh Prepare dinner stuns on the premiere of He is All That … the gender swap remake of She’s All That – Each day Mail

Rachael Leigh Cook starred Laney Boggs, along with Freddie Prinze Jr., Zack Siler in...

By wpadminsonic164
Polkadot

The 5 greatest DeFi cash for September – BeInCrypto

A look at five tokens from the decentralized financial sector (DeFi) with interesting developments...

By wpadminsonic164
Dua Lipa wears a navy polka dot pant swimsuit and lace bra to rejoice her twenty sixth birthday – HarpersBAZAAR.com Polkadot

Dua Lipa wears a navy polka dot pant swimsuit and lace bra to rejoice her twenty sixth birthday – HarpersBAZAAR.com

Dua Lipa celebrated her 26th birthday in style.The pop star shared pictures from her...

By wpadminsonic164
How you can Gown Up Like an Grownup With Shane Watson: Change Your Spots to Outsized Polka Dots – Every day Mail Polkadot

How you can Gown Up Like an Grownup With Shane Watson: Change Your Spots to Outsized Polka Dots – Every day Mail

If you come across the video of the fall / winter collection while browsing...

By wpadminsonic164

Latest Posts

Uncategorized

Noboni.com: Best Girl’s Online Shopping in bd

Noboni.com is the best Bd online shopping for girls. We 🏷️ offer the latest...

By wpadminsonic164
Monero, Stellar, AAVE Value Evaluation: August twenty second – AMBCrypto Information Stellar

Monero, Stellar, AAVE Value Evaluation: August twenty second – AMBCrypto Information

Major cryptocurrencies have shown mixed trading so far, with Bitcoin reversing its losses by...

By wpadminsonic164
BITCOIN CRASH (essential add)!! MY NEW STRATEGY, BITCOIN PRICE PREDICTION & BITCOIN NEWS TODAY!! Videos

BITCOIN CRASH (essential add)!! MY NEW STRATEGY, BITCOIN PRICE PREDICTION & BITCOIN NEWS TODAY!!

BITCOIN CRASH (important upload)!! MY NEW STRATEGY, BITCOIN PRICE PREDICTION & BITCOIN NEWS TODAY!!...

By wpadminsonic164
Binance allegedly seeks authorities funding underneath regulatory strain, focusing on $ 200 billion valuation – Yahoo Finance Binance

Binance allegedly seeks authorities funding underneath regulatory strain, focusing on $ 200 billion valuation – Yahoo Finance

The world's leading cryptocurrency exchange Binance seeks government funding despite being in the crosshairs...

By wpadminsonic164
Bexplus lists Cardano (ADA), provides 100x leverage and 100% deposit bonus – CryptoGlobe Cardano

Bexplus lists Cardano (ADA), provides 100x leverage and 100% deposit bonus – CryptoGlobe

In order to do justice to the fast growing market for Cardano ($ ADA),...

By wpadminsonic164
Ethereum’s EIP-1559 improve burned $ 400 million in ETH: report Ethereum

Ethereum’s EIP-1559 improve burned $ 400 million in ETH: report

Ethereum's EIP-1559 upgrade burned $ 400 million in ETH instead of handing it over...

By wpadminsonic164
Dogecoin

Why Bitcoin, Dogecoin, Ethereum – and in addition Coinbase – are on the transfer at this time – Motley Idiot

What happened Towards the end of the week, cryptocurrency prices in Friday morning trading...

By wpadminsonic164
The transition between fiat and bitcoin Bitcoin

The transition between fiat and bitcoin

One world, two systems: Why Bitcoin and Fiat have to learn to live togetherTwo...

By wpadminsonic164