Ethereum (ETHUSD) price presented temporary negative trades to test the support floor at $3,360.31. By looking closely at the chart, we find that the price is forming an inverted head and shoulders pattern, and its confirmation level is at $3505.00. It opens the way for additional gains. The Stochastic indicator provides positive signals that support the chances of completing the aforementioned pattern and rushing to achieve the proposed goals. However, you should be aware that breaking the support level at $3360.31 will stop the positive scenario and put pressure on the price to turn lower.
Price forecast for today: High. Add to this the optimism of market traders regarding the imminent start of trading in Ethereum spot ETFs on the stock exchange next Tuesday, which greatly reduced selling pressures after the Mt Gox platform sold its entire holding of BTC, and Bitcoin exchange-traded funds (Bitcoin) also witnessed… ETFs) net inward investments indicating continued demand for the currency.
Tokenization converts asset rights into digital tokens on the blockchain. This technology ensures that transactions are recorded instantly, and ownership is transferred seamlessly, enhancing the efficiency and transparency of the financial system. Also, that tokenization will likely reshape every asset class. It stands out as a crucial technological advance with its ability to streamline processes and mitigate issues such as money laundering through improved traceability and security. The momentum of Ethereum ETFs is also based on the success of Bitcoin ETFs. Since their debut in January, Bitcoin ETFs have attracted nearly $15 billion in inflows this year, ranking among the highest ETF inflows of 2023. This week alone, Bitcoin ETFs recorded inflows of more than 330,000. 4 million dollars.
Bitcoin price (BTCUSD) gets a positive sign for today’s outlook
Bitcoin price (BTCUSD) faced temporary negative pressure, which made it base itself on the support of the ascending channel shown in the chart and begin trying to rise again. We note that the Stochastic indicator is now crossing positively, which waits to stimulate the price to resume the expected upward trend in the intraday and short term. Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that breaking the $63,775.00 level will stop the upward wave and put pressure on the price to make some downward correction before returning to the rise again.
CEO says he was wrong about Bitcoin and now says it’s legitimate and speaks out in favor of the cryptocurrency:
My opinion five years ago was wrong “I believe Bitcoin is a legitimate financial instrument” and BTC should be part of every investor’s portfolio and a tool you invest in when you feel fear… when you think countries are devaluing their currencies due to excessive deficits and there is a real need to look… “Everyone refers to it as one alternative.”
BTC/USD price rose to the middle of its recent range. And I know there were people who expected this bottom to hit below $56k a week or so ago. Now Fink is offering his support.
The strength of the US dollar index and the Federal Reserve’s reduction in interest rates and their impact on the price of Bitcoin: The performance of the US dollar (USD) currency was strong despite expectations that the Federal Reserve will reduce interest rates soon, starting next September, and Federal Reserve Chairman Jerome Powell was) has indicated that the latest inflation data indicate that its rates have stabilized near their announced targets. Northern Data AG plans to obtain additional financing worth 214 million euros to expand its Bitcoin mining activities and develop artificial intelligence technologies.
A new share priced at €20, exceeding its recent trading value by 1.7%.
The European Bitcoin mining company Northern Data AG announced its plans to raise financing worth approximately 214 million euros by issuing 10,699,446 new shares at a price of 20 euros, exceeding its recent trading value by 1.7%, which represents an increase in the value of its currently traded shares by 20%, provided that the proceeds will be exploited. Raising capital to expand Northern Data’s cloud platform and physical data storage centers across Europe and the United States, as the company seeks to optimize its infrastructure for high-performance computing (HPC) and generative artificial intelligence (AI) systems, in order to assert its leadership in the field of high-performance computing And its leadership in innovation in the field of artificial intelligence.
Capital increase: 214 million euros.
New shares: 10,699,446 shares at a price of 20 euros per share.
Expansion: Cloud platform and data centers in Europe and the United States. Its endeavor to raise capital indicates the extent of confidence in the Bitcoin mining infrastructure, and its positive impact on the general mood of the Bitcoin market.
Bitcoin Price Forecast: Bitcoin (BTC/USD) is trading 1.13% higher on the day around $65,870 currently, and the 4-hour price action chart indicates key levels that traders should keep a close eye on.
The pivot point of the pair’s price movements is located at $65,010, which constitutes a crucial support level, while the closest resistance level is located at $66,770, followed by additional support levels at $68,260 and $69,740. On the other hand, the closest support level is located at $63,440, followed by $62,070, then $60,740.
As for the crypto market, the market value of the entire crypto sector is $2.37 trillion, an increase of 3.44% compared to yesterday
DICE is revolutionizing its functional uses within the staking-based finance sector
The total supply of DICE is 420 million coins; 35% of it has been allocated for subscription, and is available at a fixed price of $0.09548 per coin, but this price will rise in less than six days.
Therefore, investors interested in the project should move quickly to obtain the DICE coin at this reduced price before it rises, as the price is expected to witness unprecedented rises once it is listed on trading platforms.
DICE owners also won’t need to stake their coins at the casino to get rewards, as they can stake them to earn income effortlessly with 10% of their total supply allocated to stake rewards. In addition, it has been included in the casino’s loyalty program, providing more generous rewards to players who use its base currency, noting that Mega Dice is the only currency within the betting-based finance sector that distributes a share of the profits to its users on a daily basis through its pawn system. .
The currency also allows players to participate in exclusive competitions and enjoy the VIP experience, while the casino provides the benefits of a buyback and currency burning program, which reduces its supply and thus increases its potential value. In short, it seems that there is a bright future awaiting the DICE coin, which has achieved tremendous popularity within the rapidly growing world of GambleFi, supported by the popularity of the casino, its transparent economic data, its strong foundations, and its provision of functional uses that are not limited to games only. With the multiple ways investors can use DICE, it’s clear why they should be lining up to buy it.
 price presented temporary negative trades to test the support floor at $3,360.31. And carefully look at the graph){kind=link}