⁠COVID-19 Incentivizing Crypto and Leading Mainstream Adoption

The COVID-19 crisis has pushed people to seek alternative technological solutions as blockchain and crypto become more popular.

​​FLETA has signed a technical agreement with Oracle.

Through this technical agreement, FLETA will introduce OCI into the FLETA cloud server to improve the technological maturity of its mainnet and enhance its security.

FLETA team is expecting to strengthen the FLETA ecosystem, including the Formulator Node Monitoring System, and an automated system for server creation and expansion.

​​Daily Bitcoin chart review 📈

Yesterday's bullish move went by forecast. Hit both target at 9600 and 9960. Have to stay above 9600 to remain bullish. If pullback, bottom of that consolidation bull flag is at ~9230 (weaker zone at 9400). Bigger channel bottom at 8630. If 9600 hold the pressure (which is unlikely) nearest target is 9800.

Yesterday update: BTC targeting 9800 at least, next 9960. Possible pullback to 9600 - broken resistance that should be re-tested.

Resistance: 9800 - 9960 - 10100 - 10550
Support: 9600 - 9400 - 9230 - 8900 - 8630

​​ZRX bullish again 🚀

​​Buy OAX on pullback to 360 - 355 - 350. Next test of 380 resistance should be successful.

Targets for breakout: 400 - 410 - 422
@CryptoWorldTina

​​STRAT 🚀
@CryptoWorldTina

​​tBTC, an Ethereum-based token backed 1:1 by bitcoin, has paused deposits just one week after its public launch.

tBTC project lead Matt Luongo tweeted earlier today that deposits have been paused for the next ten days and the tBTC team is helping users to withdraw funds.

​​BTCUSD

I've tend to bullish from 8,900 with 8,400 being a support from previous breakout. There's higher lows and nice bounce from ichi clouds on multiple time frames. However, once we get above 10,000 again and hold that is the level to break to confirm bullish trend in the long term in my opinion.

A break below 9,000, which acts as support and then a final break below 8,400 (important support) would confirm the bearish perspective imo.

Bitcoin in 'no-trade zone' - No leaning bullish nor bearish, wait for a break of either side, and trade accordingly.

This current trading zone is allowing some alts to make some moves until one or the other happens.

⁠Bitcoin Transaction Fees Are Up 800% in One Month

Transaction fees have seen anomalous volatility amid Bitcoin’s third halving, increasing over 800% in one month.

​​OGN looking good for another test and breakout📈

⁠Bitcoin Block Generation Speed Falls to 2017 Lows

Only 95 blocks were generated on the Bitcoin blockchain on Sunday due to the recent halving, an analyst argues.

​​Altcoins Index chart update 📈

Index coming back to 560 resistance, but this time it has 555 minor resistance on the way (left after previous failed attempt). Might spend some time under it, before growing higher. Same as BTC now, no volume, so either whales join the pump, or it fall back under its own weight.

​​We've been waiting long time for this. NANO finally made it 🚀

​​Bitcoin Topside Bias Vulnerable Below USD 10K, Altcoins Consolidate

- Bitcoin price is facing a strong resistance near USD 10,000.
- Ethereum and XRP are consolidating above USD 210 and USD 0.200 respectively.
- STEEM and SOLVE rallied more than 15% today.

Bitcoin price started a downside correction after it failed to clear the USD 9,500 and USD 10,000 resistance levels. BTC/USD traded below the USD 9,850 support and tested USD 9,550. The price is currently (09:00 UTC) stuck in a range and seems to be facing a strong resistance near USD 10,000.

Looking at most major altcoins, there were range moves in ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is currently consolidating above USD 210, with a key resistance near USD 215. Similarly, XPR is consolidating gains above USD 0.200 and it must surpass USD 0.210 for a sustained upward move.

Bitcoin price

After struggling to clear the USD 10,000 barrier, bitcoin price corrected lower below USD 9,850. It even traded below USD 9,700 and tested the USD 9,550 support level. The price is currently trading in a range above USD 9,700 and it might again rise towards the key USD 9,950 and USD 10,000 resistance levels.
To start another strong increase, the price must settle above the USD 10,000 resistance. If not, the bears are likely to aim a substantial downside correction towards USD 9,200 or even USD 9,000.

Ethereum price

Ethereum price corrected lower and tested the USD 205 zone. ETH is currently trading above USD 210 and it is facing a couple of strong hurdles near the USD 215 and USD 218 levels. The main resistance is still near the USD 220 level.
On the downside, an initial support is near the USD 205 level. The main support is near the USD 200 handle, below which the price might accelerate lower towards the USD 192 level.

Bitcoin cash, litecoin and XRP price

Bitcoin cash price is trading above the USD 240 and USD 245 levels. At the outset, BCH is consolidating near USD 250 and it seems like the bulls are eyeing a test of the USD 260 and USD 265 resistance levels. On the downside, the first key support is near the USD 240 level, below which it could test USD 225.
Litecoin settled above the USD 45.00 level, but it seems to be facing a couple of key hurdles near the USD 46.50 level. If there is a successful break above the USD 46.50 level, LTC price might continue to rise towards the USD 48.50 and USD 50.00 levels.
XRP price is trading well above the USD 0.200 and USD 0.202 levels. On the upside, the USD 0.209 and USD 0.210 levels are key barriers for the bulls. If they succeed, the price might rise steadily towards the USD 0.220 and USD 0.225 levels in the near term. Conversely, it might slide below USD 0.200 and revisit the USD 0.190 support.

Other altcoins market today

In the past three sessions, a few small altcoins gained more than 5%, including STEEM, SOLVE, MONA, ETN, FXC, QNT, and NANO. Conversely, BHT, NMR, CRPT, ZIL, LEND, and CKB are down more than 5%.

Overall, bitcoin is facing an uphill task near the USD 9,950 and USD 10,000 levels. Therefore, the next few sessions might be crucial and BTC could either rise sharply towards USD 10,000 or start a steady decline towards USD 9,200 or even USD 9,000.

Total market capitalization:

​​Supercomputers across Europe were forced to shut down after a string of malware compromises attempted to hijack computing power for mining cryptocurrency. The malware was designed to use the supercomputers' power to mine Monero XMR cryptocurrency.

​​Bitcoin mixers are growing popular among darknet entities.
The share of bitcoin sent to mixers by darknet entities rose to 20% in Q1 2020 as compared to just 1% in Q1 2019.

⁠Celo Foundation Launches Mainnet After Raising $40 Million

The Celo Mainnet is now live, enabling users to transfer Celo Gold tokens they received in the foundation’s recent $10 million auction.

​​Uniswap V2 Launches With Increased Security, But It Is Still Expensive

The launch of Uniswap V2 introduces new features and a more resilient oracle system, but like in many other DeFi platforms, liquidity remains an issue.

​​Huobi Wallet Now Allows Crypto Credit Card Purchases Through Simplex

The wallet of cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards.

⁠Crypto Is the Revolution Leading Developing Countries to Financial Inclusion

World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters.