The ‘giant Cup & Handle pattern’ on Ethereum supports the $6.5K ETH price target
The bullish outlook emerges as ETH price decline stalls near its old cup-and-handle resistance level, which is now acting as support, raising the prospect of a strong rebound ahead. Ether (ETH), Ethereum’s native asset, may recover nearly 60% in the coming sessions as bulls hope for a classic bullish continuation pattern. After completing a cup-and-handle […]
Peru’s Central Bank To Develop a Digital Currency
Like other economies across the world, the Peruvian central bank, Peru’s Central Bank, seeks to build a central bank digital currency (CBDC). Julio Velarde, the company’s president, announced that the currency would be largely used for payments. Due to the current market instability, Velarde agreed that now was not the best time to debut the […]
Daily Crypto News-El Salvador Announces World’s First Bitcoin City, Backed By $1B Bitcoin Bonds
https://crypto-labs.s3.amazonaws.com/2021/11/22-Nov-Podcast.mp3Podcast: EmbedNews 1: El Salvador Announces World’s First Bitcoin City, Backed By $1B Bitcoin Bonds In its latest Bitcoin adoption move, the Central American country plans to build a city based on the world’s largest cryptocurrency. President Nayib Bukele announced the Bitcoin City initiative at El Salvador’s Bitcoin Week conference on Saturday night. This conference […]