BTC Trunk – Telegram
BTC Trunk
134K subscribers
626 photos
43 videos
736 links
We post useful materials on a free basis in the world of cryptocurrencies.

👉 Admin: @jonnesnow
Download Telegram
​​Legendary Investor Jim Rogers Sees The End Of US Dollar As A Neutral Currency And Regrets Not Having Bought Bitcoin

Billionaire investor Jim Rogers believes that the US dollar is now no longer viewed as “neutral”, and that Washington has “changed the rules”. He is still worried that governments might ban cryptocurrencies, but regrets not having bought Bitcoin last year.

In an interview with the Economic Times on Sunday, Jim Rogers said that he owns US dollars, basically because of the historic view that when there is chaos in the economy, most investors go to the dollar, viewing it as a safe haven.

However, Rogers thinks that times have changed, and that the dollar is losing its respect as this safe haven, primarily because of the sanctions that the US government levies against those it doesn’t like, preventing them from using the dollar.

He feels that some countries are searching for an alternative to the dollar, given the perceived unfair nature of Washington policy. He doesn’t know which currency it will be yet, but hopes that he will recognise it and buy it when it appears. Although a proud American, he doesn’t like what is being done to his country’s currency.

On being asked whether he thought that cryptocurrencies could ever be an alternative to the dollar, he is still very unsure. He thinks that the US government likes “control” and a “monopoly” when it comes to money.

If the US has crypto money but the US is not going to say this is new money. Governments like control, governments like monopoly. I do not like it but that is the way governments are and I just suspect that they will either tax it or regulate it or outlaw it or something because they do not want to lose control.

Rogers is also concerned for his daughters, because of the fact that the US is the biggest debtor nation in the world. As the debt rises day by day, he worries that his daughters will not be able to pay it, and will have a huge burden around their necks for the future.

He believes that bad times are just around the corner, saying:

“In Washington, they say do not worry we will never have another bear market, we have things under control. I know that they are either liars or fools because I know we have always had bear markets and we will have another bear market and when it comes, it is going to be very, very bad. I do not know when it is going to come, I suspect next year.”
📣AAX is now offering 150% APY for ASTR Fixed Savings! The offer will last until 13th March. Don't miss the chance for the amazing passive earnings🚀

You can also enjoy up to 60% APY on BTC, ETH, USDT fixed savings🎁Sign up to get the rewards now👉🏼https://bit.ly/3FSyVrs
Media is too big
VIEW IN TELEGRAM
LEADING TECHNOLOGY TRENDS, THE MILLION-DOLLAR PROJECT DEFIHORSE IS OPENING IBCO PUBLIC SALE 🥳

The project with MILLIONS of event entries is about to shock the market with its first Public Sale, with the state-of-the-art method: IBCO. Putting investors’ benefits first, this official sale round promised to bring total transparency, along with diamond opportunities to own DFH Token early. The coin is about to create a major explosion in the market soon. 😍

👉Want to enter The Luxurious World of DeFiHorse? JOIN HERE!
​​Thailand Approves Tax Relief Measures for Crypto Trading

The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand.

Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an announcement on the Thai government website.

Finance Minister Arkhom Termpittayapaisith and Deputy Minister of Finance Santi Prompat jointly disclosed the outcome of the meeting, confirming that the cabinet has approved the crypto tax relief measures.

The finance minister told a news conference that traders will be able to offset annual losses against gains for taxes due on crypto investments. Value-added tax (VAT) of 7% will also be exempt for transfers of cryptocurrencies or digital tokens on regulated crypto exchanges.

He added that the tax exemption, effective from April 2022 to December 2023, will also cover the trading of retail central bank digital currency (CBDC) to be issued by the Thai central bank, the Bank of Thailand.

Last month, the Thai Revenue Department published a manual outlining the new tax rules applicable to cryptocurrencies and digital tokens. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand.

Previously, Thailand wanted to impose a 15% withholding tax on cryptocurrency transactions. The plan was scrapped after pushback by the industry.

Cryptocurrency trading has grown significantly over the past year in the country. A finance ministry official said in January that the number of crypto trading accounts in Thailand grew to about two million at the end of 2021 from 170,000 the previous year.

Last month, the Stock Exchange of Thailand unveiled its plan to launch a digital asset exchange.
This media is not supported in your browser
VIEW IN TELEGRAM
Earn bonus while you HODL🚀🚀

AAX is offering up to 60% APY on savings with popular cryptos like USDT, BTC, ETH. New users can also get 50 USDT welcome bonus🔥

Sign up and start earning now
👉🏼https://bit.ly/3FSyVrs
​​US Senator Booker: Cryptocurrency Can Bring Growth to American Economy if Properly Regulated

U.S. Senator Cory Booker sees cryptocurrency as “an exciting innovation with the potential to bring growth to the American economy if properly nurtured and regulated.” The senator from New Jersey is encouraged by President Joe Biden’s executive order on crypto regulation.

U.S. Senator Cory Booker talked about the potential benefits of cryptocurrency to the American economy Thursday. His comments followed President Joe Biden’s executive order on crypto regulation.

Booker became the first African American to represent New Jersey in the U.S. Senate in October 2013. Prior to becoming a U.S. senator, he served on the Newark City Council from 1998 to 2002 and as mayor of Newark from 2006 to 2013.

“I’m heartened by the nuanced and optimistic tone of POTUS’ recent executive order on digital assets,” the senator tweeted, elaborating:

Cryptocurrency is an exciting innovation with the potential to bring growth to the American economy if properly nurtured and regulated.

“As the order notes, the U.S. has taken a position as a leader in this rapidly developing field, and we need to make sure we keep it,” Senator Booker continued.

“Many Americans, including significant numbers of Black and brown people, have participated in the purchase and exchange of digital assets,” he further tweeted, noting:

The administration’s willingness to step up to this challenge and focus on the transformative power of Web3 is encouraging.

Senator Booker proceeded to emphasize the importance of investor protection. “Their protection as consumers must be prioritized alongside the fostering of innovation to keep America competitive on the global stage,” he opined.

Investor protection is one of the key priorities in President Biden’s crypto executive order (EO), which states:

We must take strong steps to reduce the risks that digital assets could pose to consumers, investors, and business protections.

Many people in the crypto industry welcome Biden’s crypto executive order. “The message I take from this EO is that the federal government sees cryptocurrency as a legitimate, serious, and important part of the economy and society,” an executive of a D.C.-based think tank commented.
​​Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information.

A Kenyan cabinet secretary has claimed his fellow countrymen lost about $120 million to crypto scammers in the last financial year. The secretary, Joe Mucheru, added that many Kenyans are getting scammed because they lack the proper information.

In his remarks while speaking at a conference focused on law and order, Mucheru suggested the number of those suffering after losing funds to criminals can be reduced if the media plays its part. He explained:

I think even as you report and investigate these issues, you can also be giving people guidance on the direction, where they need to invest, how they need to protect themselves.

Mucheru also encouraged the sharing of ideas and information between the government and the media. Doing this, he said, enables the parties to collaborate even further.

Kenya, just like many other African countries, is plagued with scams that are packaged as legitimate cryptocurrency projects. For instance, in December 2021, a report News stated that a Kenyan businessman was facing allegations of defrauding investors through his Aidos Kuneen cryptocurrency. The report said investors in the businessman’s scam crypto lost over $140 million.

Therefore, in addition to giving guidance to Kenyans, Mucheru also urged Kenyan media outlets to consider becoming repositories for information that can be used by investors. He said: “You should really build the repository of a lot of the information that people actually need.”
​​Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator

The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.”


The Australian Competition & Consumer Commission (ACCC) announced Friday that it has taken legal action against Meta Platforms Inc. (formerly Facebook) and Meta Platforms Ireland Ltd.

Australia’s competition regulator alleges that the companies “engaged in false, misleading or deceptive conduct by publishing scam advertisements featuring prominent Australian public figures” on Facebook.

The ACCC alleges Meta’s conduct “was in breach of the Australian Consumer Law (ACL) or the Australian Securities and Investments Commission Act (ASIC Act).” In addition, the regulator noted:

It is also alleged that Meta aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers.

The ACCC explained that the ads “promoted investment in cryptocurrency or money-making schemes.” They featured well-known people, such as “businessman Dick Smith, TV presenter David Koch and former NSW Premier Mike Baird,” the ACCC noted, adding that Facebook users were led to believe these scams were genuinely associated with these celebrities.

ACCC Chair Rod Sims said:

The essence of our case is that Meta is responsible for these ads that it publishes on its platform.

The competition regulator said Meta was aware of the cryptocurrency scam ads on Facebook but did not take sufficient steps to address the issue even after the company received complaints from the celebrities whose names and images were used without consent.

The ACCC is seeking “declarations, injunctions, penalties, costs and other orders,” the regulator detailed.
This media is not supported in your browser
VIEW IN TELEGRAM
🔥AAX is now offering 80% APY for APE coin fixed savings🔥
If you have missed the bump last week, catch this offer on APE.

Lock-up period: 7 days
(can be re-subscribed automatically for unlimited times)
APY: 80%
Minimum saving quantity: 1 APE
Maximum saving quantity: 200 APE

Earn with APE now : https://bit.ly/3wixX5M
Sphere Finance aims to do governance acquisitions using a treasury amassed by investors, for investors. The profits from the investments are then sent to investors as dividends in the form of the $SPHERE token every 30 minutes, 48 times a day. The treasury is amassed through taxes that users agree to pay for buying, selling & transferring their tokens, including the "Dynamic" tax, an additional tax for every % of the LP that you hold and sell on a transactional basis. Later, the project will take the form of an index fund, like an S&P 500 of crypto, airdropping tokens as dividends to holders. Join the movement.

Telegram: https://news.1rj.ru/str/SphereDeFi
Discord: https://discord.gg/spheredefi
Twitter: https://twitter.com/SphereDeFi
​​Wex Exchange Co-Owner Reportedly Detained in Russia

Authorities in Russia have arrested a crypto entrepreneur associated with an unidentified cryptocurrency exchange who is suspected of embezzling funds and property. According to a media report, the detained person is one of the owners of Wex, successor of the infamous BTC-e exchange.

Russian law enforcement agencies have detained a man accused of stealing financial and other assets from a cryptocurrency exchange, the Ministry of Internal Affairs (MVD) announced Tuesday. The suspect allegedly controlled large amounts in cryptocurrency and their movement between wallets.

Investigators believe he withdrew some of the funds and appropriated them. The person was handcuffed at the hotel of a private airfield in Serpukhov city district of Moscow region with two suitcases holding 190 million Russian rubles in cash ($1.7 million), the press release detailed.

Officials from MVD, the Federal Security Service (FSB), and Russia’s financial watchdog, Rosfinmonitoring, carried out 29 searches at the residences of the arrested and his accomplices in Moscow, St. Petersburg, Novosibirsk, and Yalta. Another 50 million rubles, $1 million, €70,000, computer equipment, hardware crypto wallets, luxury goods, and documents were seized.

While neither the detained person, nor the exchange were named by the authorities, the crypto news outlet Forklog quoted Indefibank CEO Sergey Mendeleev who claims the man is Aleksey Bilyuchenko, co-founder of Wex, once the largest crypto trading platform in Russia, which was launched in 2017 as a successor of BTC-e. The latter closed down earlier that year following the arrest in Greece of one of its alleged operators, Alexander Vinnik.

Bilyuchenko’s ownership of Wex was revealed by the BBC. Another Russian, Dmitry Vasiliev, was the official owner of the exchange. In September, the Polish press reported that Vasiliev had been arrested at the Warsaw airport on Aug. 11 and was awaiting extradition to Kazakhstan. In December, news came out that he had been released and had returned to Russia.

In 2018, Wex was sold to Dmitry Khavchenko, a former fighter for the breakaway Donetsk People’s Republic in Ukraine who then registered the operator of the exchange, the Singapore-based company World Exchange Services, under the name of his daughter, Daria. The exchange went bankrupt later that year. According to estimates by a group of Wex users, the total losses exceed $400 million.
​​Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange

Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exchange petros for other currencies, and a series of gift card and payment options to increase adoption.

Sunacrip, the cryptocurrency regulation institution in Venezuela, has announced a series of changes to its petro (PTR) wallet app called Petroapp, which are directed to improve the usability of the cryptocurrency. Joselit Ramirez, head of Sunacrip, explained these changes and enumerated the new functions on social media.

Ramirez stated:

Having achieved the recovery of the market and the balance of the PTR conversion rates, we have updated the PetroApp where you have new services that strengthen the usability of our sovereign crypto asset.

Ramirez highlighted that the redesign of the Petroapp will allow users to pay for their phone plans with all of the national carriers. Also, the three leading cable operators in the country will be available in the app to accept payments in petros.

The new update also aims to make it easier for people to purchase petros directly from the app, with the possibility of using the national fiat currency to acquire these crypto assets. At the same time, these assets can be used in the app to be exchanged for other supported cryptocurrencies including bitcoin, litecoin, and dash, with the possibility of withdrawing them from the platform, too.

Ramirez explained that Petroapp is also including a payments gateway, allowing users to create payment invoices within the app. The head of Sunacrip stated that this turns “each mobile device into a point of sale and the PTR into a means of payment,” something that the Venezuelan government has pushed for since the launch of the cryptocurrency.

The launch of a gift card market, the last feature announced, seems to go in that direction. The market, according to Ramirez’s statements, will include the possibility of buying gift cards to pay for services like Netflix, which is hugely popular in the country, or making payments on platforms such as Apple Store and Amazon.
​​NFT of Nelson Mandela’s Arrest Warrant Raises $130,000

A South African museum, Liliesleaf Museum Heritage Site, recently raised $130,000 via the auction of a non-fungible token (NFT) created from an arrest warrant issued against Nelson Mandela in 1962.

A non-fungible token (NFT) minted from the former South African President Nelson Mandela’s warrant of arrest was recently auctioned for $130,000 (1.9 million rands), a report has said. The proceeds are expected to help bankroll Liliesleaf Museum Heritage Site, an organization that documents South Africa’s fight for freedom and democracy.

According to a Bloomberg report, Liliesleaf Museum Heritage Site had initially received the original document in 2004 as a donation. The warrant itself was issued in 1962 by South Africa’s then minority rulers after they accused Mandela of conspiring to overthrow the government.

After holding the document for nearly 18 years, Liliesleaf Museum Heritage Site has again raised funds using an NFT which depicts an object once associated with South Africa’s freedom fighters. Before the latest auction, the heritage site had previously received about $50,000 after it auctioned an NFT of a pen gun that was owned by another South African freedom fighter, Oliver Tambo. In both instances, Momint — a South African NFT marketplace — handled the auctions.

In addition to museums, conservancies like the Black Rock Rhino have used proceeds from NFTs to pay for some of the sanctuary’s day-to-day expenses. The pivot to NFTs by charitable organizations comes after one study suggested that more South Africans are buying or are interested in buying NFTs.
​​Law Project Presented in Argentinian Senate Proposes to Tax Undeclared Cryptocurrency Held Outside the Country

A new law project presented in the Argentinian Senate is seeking to start a fund to pay for part of the debt the country has with the International Monetary Fund (IMF). The project, which is being pushed by members of the ruling party, would establish that Argentinian citizens have to pay taxes for certain assets held outside the country, including cryptocurrencies.

A new law project presented in the Argentinian senate proposes a way of paying the debt of more than $44 billion that the country has with the International Monetary Fund (IMF). The law, called “National Fund For The Cancellation Of The Debt With The IMF,” implements a system that, if approved, will tax several key elements that Argentinians possess in foreign lands.

According to the project, all kinds of properties outside of the country would be taxed, including any amount of fiat currencies, properties, stocks, credits, and cryptocurrencies, constituting an emergency input coming from these undeclared goods outside of the country. The payment of these taxes will have to be in foreign currency (U.S. dollars), deposited directly to the accounts of the Argentinian tax authority (AFIP).

Argentinian citizens will have to pay a certain percentage of the value of these funds depending on the way and time periods in which they declare their properties and cryptocurrency to the tax authority. Article number nine in the law proposal declares:

The contribution to be paid by the taxpayers indicated in Article 6 will be the one that results from applying, on all the assets object of this law, the rate of twenty percent (20%).

This rate applies to all taxpayers declaring these assets voluntarily in the six months after the approval of the law. After this period ends, the rate applied by the law is increased to 35% of the value of the goods, stocks, and cryptocurrency held outside the country. In other circumstances, this rate can climb as high as 50%.

The penalties proposed for not complying with the duties declared in the law include prison time and fines. To have sufficient data for its application, the figure of a collaborator, which points to possible offenders with evidence, is also defined in the project. Collaborators receive a part of the funds collected by the tax authority, which can be as high as 30% depending on the importance of the case examined.
​​Chinese Messaging App Wechat Reportedly Suspends Accounts Linked to NFTs

Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens (NFTs). The objective of the crackdown is to stop the use of the affected accounts in promoting NFTs.

The Chinese messaging app Wechat recently acknowledged it had suspended some accounts which are said to be linked to non-fungible tokens (NFTs). The suspension of the accounts, according to a BBC report, is aimed at stopping such blacklisted accounts from engaging in NFT market promotional activities that help to drive up prices.

The targeting of NFT-promoting accounts by Wechat appears to suggest that China, which currently does not have specific regulations against NFTs, is widening its crackdown on digital assets that began in 2021.

As explained by multiple reports published by News, Chinese authorities have been clamping down on bitcoin miners and cryptocurrency exchange platforms since mid-2021. The crackdown is believed to have forced some crypto miners and platforms to leave mainland China.

While it is not clear if the crackdown has succeeded in completely stopping Chinese citizens from trading or mining crypto, a BBC report suggests Chinese authorities are now eager to add NFTs to the list of outlawed activities. The same report also expanded on the reason, quoting an update from the Wechat team which said:

Wechat has recently standardized and rectified public accounts and small programs for speculation and secondary sales of digital collections.

Wechat also clarified that the action taken against the now “rectified” accounts was done in accordance with relevant national regulations.
​​Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions

The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions.

Bank of Russia considers it impossible to use cryptocurrencies to circumvent financial restrictions imposed over the military conflict in Ukraine. That’s according to a statement by the central bank’s First Deputy Governor Ksenia Yudaeva, issued in a reply to a proposal by a member of the State Duma, the lower house of Russian parliament.

Anton Gorelkin, a lawmaker from the ruling United Russia party, had suggested that Russian companies and individual entrepreneurs should be allowed to make payments in digital currencies, including for settlements with foreign partners. He thinks the establishment of a Russian national crypto infrastructure in response to the sanctions introduced by the West is inevitable.

Central bank officials are convinced, however, that transfers of large amounts of money in cryptocurrency by Russian businesses would not be feasible. Quoted by the RIA Novosti news agency, Yudaeva pointed out that regulatory authorities in the EU, U.S., U.K., Japan, and Singapore have started to implement preventive measures.

Digital asset platforms such as crypto exchanges are also adopting restrictions amounting to denial of access to funds for Russian users, she added. And even in jurisdictions where crypto payments are not banned at the moment, authorities are setting ever higher standards for crypto service providers regarding compliance with customer identification rules.

The Central Bank of Russia (CBR) remains a strong opponent of the legalization of cryptocurrencies. In January, the financial authority proposed a blanket ban on crypto-related operations in the country. It maintains that decentralized digital currencies like bitcoin cannot be used in payments for goods and services.

With its hardline stance on the matter, the CBR has found itself in isolation among government institutions in Moscow. In February, the federal government approved a regulatory plan based on the Finance Ministry’s concept which favors regulation under strict oversight, over prohibition.

Days before the Russian army crossed the Ukrainian border, the ministry submitted a new bill “On Digital Currency” tailored to comprehensively regulate the country’s crypto market. In mid-March, another Russian lawmaker working on the upcoming crypto regulations, Alexander Yakubovsky, suggested that cryptocurrencies could help Russia restore its access to global finances.
🤑Fancy an early stage DeFi project with HUGE rewards and a strong focus on charity?

Check out Black Bear Finance🔥🔥

⚡️Black Bear Finance has truly amazing features:

- Strong focus on conservation and charity
- Staking opportunities to earn rewards (CRAZY APY!)
- Play-to-Earn games and trading of in-game characters
- NFT marketplace
- Fun-filled community
- Visa Debit Card and cashback rewards

It’s still a great opportunity to get in on this amazing project EARLY!🚀

Join their Telegram: https://news.1rj.ru/str/blackbearfinance
This media is not supported in your browser
VIEW IN TELEGRAM
KunciCoin keeps on pushing their way to succeed in DeFi and we are proud to see that they are listed in @BitrueOfficial

Since we posted for the first time, over 14 top exchanges were listed, over $5M to $7M of daily trading volume and a game studio with 20 million downloads , They are coming up with their own NFT MARKETPLACE

With World famous Music Artists promoting their music on NFT through KUNCI on APRIL 14TH



Congratulations to the team for the achievements, join @KunciGlobalOfficial to know further.
​​Advertising Agency Launches Campaign to Free Jailed Egyptian Women With NFT Sales

An advertising agency from the United Arab Emirates (UAE) and a non-governmental organization have launched a campaign that seeks to raise funds for jailed Egyptian women via the sale of non-fungible tokens (NFTs). The funds raised are already being used to pay off their debts, allowing the imprisoned women to leave jail.

The UAE-based advertising agency, Horizon FCB, has launched a non-fungible token (NFT) campaign that seeks to raise funds to free Egyptian women that were jailed for failing to pay off their debts. In this campaign, Horizon FCB has partnered with the non-governmental organization Children of Female Prisoners Association (CFPA).

According to a report published by Unlock Media, the imprisoned women were unable to pay off relatively small loans taken out to pay for medicine, emergencies, and other needs of their families, so they ended up in jail. The advertising agency’s general manager, Reham Mufleh, explained the rationale behind Horizon FCB’s decision to help. Mufleh said:

We created and launched a humane initiative, Breakchains with Blockchain, inspired by the reasons for their imprisonment, we created in collaboration with artists from around the world, NFTs. Each is designed to tell a woman’s story, the story of why she was sentenced. Each NFT is priced at the amount it will cost to free them from their sentence and give them a second chance at life.

As explained in the report, every year over 10,000 Egyptian women are sent to prison. Their only crime, according to the report, is failing to repay their loans. CEO of Horizon FCB Mazen Jawad says it is the heartbreaking stories of the jailed women and the plight of their families that prompted the advertising agency to start the campaign.

In addition to raising funds, Horizon FCB and its partner CFPA are also using the novelty of NFTs to raise awareness about the plight of jailed women and their families. On March 21, when the campaign was launched, three Egyptian mothers were reunited with their families after their debts were paid using funds raised from the sale of NFTs.
​​Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Mainly Unchanged to Start the Weekend

Prices of ETH and BTC were mainly unchanged to start the weekend, as market activity slowed, mainly due to the Easter holiday. Price consolidation comes after a week of bearish pressure that sent the world’s two largest cryptocurrencies towards key support levels.

Bitcoin was once again trading marginally above the $40,000 level on Saturday, as markets remained quiet as a result of the Easter break.

BTC/USD rose to an intraday peak of $40,618.84 to start the weekend, following a low of $40,009.09 earlier in the session.

Recent price consolidation comes following a two-week streak which saw bitcoin lose close to $10,000 from its value.

Typically, following a bullish or bearish trend within a relatively short span of time, markets will consolidate, as they prepare for either an extension of the initial move, or a change of direction.

Looking at the chart, the 14-day RSI continues to track below a key resistance level at 44, which seems to be the main hurdle preventing a resurgence of BTC bulls.

If recent sentiment continues, we may see some further declines back towards $39,600 prior to any upcoming extended gains.

ETH was also mainly unmoved during Saturday’s session, as the world’s second-largest cryptocurrency was tracking close to its price support.

Following an earlier low of $3,001.12, ETH/USD only marginally rose, hitting a peak of $3,046.20 as of writing.

This peak is around 0.49% higher than yesterday’s low, and sees price once again fail to make any significant gains following losses during the week.

Since the beginning of the year, the price of ETH traded close to this $3,000 support level on four occasions, with bulls typically pushing prices higher.

On the occasions when price has traded around current level, we typically see no more than two days of consolidation, prior to a rally.

As of writing, prices are currently seeing the second day of consolidation, which could potentially tempt bulls to look at entries on Sunday.
This media is not supported in your browser
VIEW IN TELEGRAM
KunciCoin keeps on pushing their way to succeed in DeFi and we are proud to see that they are listed in big exchanges @BitrueOfficial and @Bitmartexchange

They have listed in 18 exchanges in last one month and with lot of Utilities

Now they will keep listing until they reach 100 exchange , next listing is Hotcoin Global.

Since we posted for the first time, over 14 top exchanges were listed, over 8M$ to $11M of daily trading volume and a game studio with downloads,They Launched their own NFT MARKETPLACE

With World Famous MUSIC ARTISTS
On the Occasion of their NFT platform they 2nd time burned 10% of their supply

They are Coming with their OWN BLOCKCHAIN ECOSYSTEM AND 3 BIG EXCHANGES
U need to check this Wonderful coin from Indonesia
It had best utilities more than any token in the world

This is something that we've been waiting for.

Wait for more announcement coming in, should be epic in upcoming months

JOIN
@KunciGlobalOfficial


Contract address

0x6cf271270662be1c4fc1b7bb7d7d7fc60cc19125

#DYOR