On December 17th, DWF Labs and Promontory announced the completion of their strategic investment in HoldCoin, helping HoldCoin further expand its global market. DWF Labs and Promontory will provide strong support for HoldCoin, helping to enhance its brand influence, accelerate community building, and increase market liquidity, driving sustained global growth. This collaboration marks a new milestone in HoldCoin's development in the blockchain ecosystem.
#crypto2023

the S&P 500 index turned down, and the Nasdaq's gains narrowed to 0.6%.
#crypto2023

In another shocking twist that has dealt a severe blow to the price of bitcoin, crypto-friendly bank Silvergate announced that it would be winding down operations as the contagion from the FTX collapse spreads. Naturally, this led to a swift decline in the price of BTC, dragging it to the mid-$21,000s once more. This recent event, coupled with other developments in the market, could mean that bitcoin and others are moving back into the bear market.

U.S. President Biden Comes For Crypto Gains

According to a Wall Street Journal report, U.S. President Biden has once again turned his attention toward the cryptocurrency market in a way that would affect how investors trade assets in the space. A fiscal 2024 budget plan that is expected to be revealed on March 9 included a proposal to increase the capital gains from 20% to almost 40%.

One of the reasons given for this is to stop the phenomenon known as “tax loss harvesting” in crypto. What this means is that sometimes, investors would sell their cryptocurrencies at a loss to make it a claimable loss on their tax filings, but then repurchase the assets right after. This will however be limited to higher net-worth individuals making at least $1 million a year.

Despite this cutoff, the broader market has not received the proposal well. Participants in the space have expressed their displeasure at the proposal. One of these is crypto analyst Lark Davis who took to Twitter and posted the tweet below.

Bitcoin Returns To Bear Market Levels

As the news of Silvergate’s collapse and the new tax proposal by President Biden spread, digital assets in the crypto space quickly responded. Bitcoin lost its footing above $22,000 and fell to $21,500 for the first time in over three weeks.

Other digital assets in the space followed this trend with the likes of Ethereum, Cardano, and Dogecoin all cascading down with over 2% losses. This has pushed the crypto market farther back into the bear territory, increasing the possibility of a prolonged bear market. The tumble in price also saw market liquidations cross $100 million in the last 24 hours.

However, bitcoin has held up better than expected so far. The digital asset found support above $21,500, suggesting that there was still a reasonable amount of buy pressure in the marketing holding the pioneer cryptocurrency up. As such, liquidations have slowed down significantly in the last 4 hours to only $6.7 million.

Whether bitcoin will continue to fall remains to be seen at this point. If BTC is able to reclaim the $22,000 level before the trading day is over, then this would have only been a temporary setback and the cryptocurrency could resume its upward trajectory.

#bitcoin #crypto2023 #buildtogether #koinmilyoner #BTC

The bankrupt #crypto2023 lender Voyager is not done selling its huge holdings of #ShibaInu (SHIB), according to new on-chain data.

The analytics firm Lookonchain has released an update on how much crypto the embattled lender is currently in control of.

According to the firm, Voyager now has 5,170,000,000,000 SHIB Worth $57,283,600.

That amount is significantly less than one week ago, when Voyager held 6,500,000,000,000 Shiba Inu Worth $81 million.

Voyager has also continued to sell Ethereum (ETH) in huge numbers as well – from 172,223 #ETH worth $276 million one week ago down to $148,774 worth $233 million at time of publishing.

“Voyager sold 1,449 ETH via Wintermute and received 2.25 million USDC two hours ago, the selling price is $1,553.

Voyager is still selling assets and currently holds:

148,774 ETH ($233 million)

5.17 trillion #SHIB ($57 million)

1.44 million #LINK ($10 million)

1.17 billion STMX ($7 million)

411,052 AVAX ($6 million)”

Lookonchain has also published a recent snapshot of Voyager’s massive crypto wallet.

The U.S. Securities and Exchange Commission objected to the deal, which triggered a quick response from the judge in charge of Voyager’s bankruptcy proceedings.

Judge Michael Wiles said he needs specifics on why the SEC objects and why it has decided to “stop everybody in their tracks” with little to no explanation of its concerns.

Dogecoin is rising above the $0.070 resistance against the US Dollar. DOGE could surge if there is a clear move above the $0.075 resistance zone.

DOGE gained pace and traded above the $0.070 support against the US dollar.

The price is trading below the $0.075 zone and the 100 simple moving average (4-hours).

There is a crucial bearish trend line forming with resistance near $0.074 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).

The pair could start a major increase if there is a clear move above $0.0750.

Dogecoin Price Regains Traction

After a steady decline, dogecoin price found support near the $0.0625 zone. DOGE formed a base above the $0.0625 level and recently started a fresh increase, similar to bitcoin and ethereum.

There was a break above the $0.0650 and $0.0680 resistance levels. The bulls pumped the price above the $0.0700 resistance zone. Finally, it tested the $0.0750 resistance zone and the 100 simple moving average (4-hours). There is also a crucial bearish trend line forming with resistance near $0.074 on the 4-hours chart of the DOGE/USD pair.

DOGE price is trading below the $0.075 zone and the 100 simple moving average (4-hours). On the upside, the price is facing resistance near the $0.0740 level. It is near the 50% Fib retracement level of the main drop from the $0.0831 swing high to $0.0627 low.

The first major resistance is near the $0.0755 level. It is near the 61.8% Fib retracement level of the main drop from the $0.0831 swing high to $0.0627 low.

A clear move above the $0.0755 resistance might send the price towards the $0.080 resistance. Any more gains might send the price towards the $0.088 level. A clear move above the $0.088 resistance could open the gates for an increase towards the $0.092 level.

Dips Supported in DOGE?

If DOGE price fails to gain pace above the $0.075 level, it could start a downside correction. An initial support on the downside is near the $0.070 level.

The next major support is near the $0.0675 level. If there is a downside break below the $0.0675 support, the price could decline further. In the stated case, the price might decline towards the $0.0625 level.

Technical Indicators

4-Hours MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 30 level.

Major Support Levels – $0.070, $0.0675 and $0.0625.

Major Resistance Levels – $0.0740, $0.0750 and $0.080.

#Binance #DOGE #crypto2023 #koinmilyoner #dogecoin

After Tesla (NASDAQ: TSLA) and Twitter (NYSE: TWTR) CEO Elon Musk randomly changed the legacy blue bird Twitter icon to that of Dogecoin (DOGE), upon which the meme coin’s price skyrocketed, a Bitcoin (BTC) purist has accused him of intentionally pumping the price of Dogecoin for his own goals.

Specifically, popular Bitcoin maximalist Jimmy Song believes that Musk’s recent change of the Twitter icon to the DOGE logo was a ploy to settle his financial obligations after acquiring the social media network and not just a show of support for the asset, according to Song’s Twitter post published on April 4.

Meanwhile, the machine learning algorithms at the crypto tracking platform PricePredictions are optimistic as well, having projected that the price of DOGE on April 30, 2023, would amount to $0.103899, as Finbold reported earlier. At press time, these predictions are slightly less bullish, setting the possible price of Dogecoin at $0.102147 for the same date.

#DOGE #dogecoin #crypto2023 #crypto #cryptotrading