South Korean money changers reopen cryptocurrency face-to-face shopping centers

South Korean money changers reopen cryptocurrency face-to-face shopping centers

Coinone and Bithumb have both reopened their customer centers in the capital in response to growing domestic interest in cryptocurrencies.

Coinone Exchange, one of the top four cryptocurrency exchanges in South Korea, has reopened its offline customer center in Seoul. According to a report in The Korea Herald on April 29, the center initially opened in September 2017, but has since closed due to the company's decision to focus on other business activities.

Currently, with an increase of 20 times more than usual registration of new users of the cryptocurrency exchange in the first quarter of this year, this exchange will resume its offline services for customers. At the end of this month, the Herald reported that Coinone had reached 2 million users.

In addition to reopening an offline hub, Coinone has reportedly doubled its staff to meet information needs and help a wide range of new customers.

The trend seems to be expanding to resume face-to-face customer service in South Korea, with Bithumb, the country's second-largest exchange, opening an offline hub in the capital earlier this week. The Korbit exchange is reportedly considering a similar move.

These developments show the rising atmosphere in the South Korean digital currency market, where the price of Bitcoin is recently trading with a new "Kimchi premium" that rises to the highest price of the year. The craze for cryptocurrencies has apparently spread to domestic stock prices as well. Meanwhile, companies holding shares in some of the country's top cryptocurrency operators have seen significant gains in recent weeks.

Analysts predict that the Kakao Forum in South Korea, which owns cash shares in Upbit and Dunamu and is active in the cryptocurrency and blockchain industries, is likely to reap the benefits of Korea's rising cryptocurrency market next year.

Miners collect bitcoins in large quantities

Miners collect bitcoins in large quantities

The chart presented by Glassnode shows a sharp increase in the net position change index of miners.

This shows that instead of selling it, BTC miners store their extracted bitcoins in cold wallets for a long time.

The indicator of the net position change indicator of miners becomes greener

The Golsnood chart, shared by Moskov Capital Senior Investment Director, shows that miners are still collecting the world's top digital currency and are not currently thinking of selling it.

This index turned green for the first time this year on February 27, and this was the first time that it turned green since December 27.

Bitcoin prices are improving

Bitcoin is taking back its profits. According to CoinMarketCap, it has now climbed to $ 54,767 after falling to $ 47,000 on Monday.

Bitcoin Mask and Portnoy Talk

Today, Tesla & SpaceX CEO Ilan Musk stood up to Barstol Sports CEO Dave Portnoy and condemned him for holding his bitcoin deposit. Tesla, meanwhile, sold 10 percent of its BTC balance sheet to prove Kevin's liquidity.

Meanwhile, on Monday, Portnoy tweeted that it had bought a bitcoin. Apparently, he has decided not to buy more bitcoins for fear of another sharp fluctuation.

Bitcoin Analysis Sunday, April 4

Bitcoin Analysis Sunday, April 4

Last week, the price of Bitcoin surpassed $ 55,500 with a steady rise. The BTC / USD pair also broke the $ 58,000 resistance and was higher than the simple moving average of 100 (4 hours).

The pair even crossed the $ 59,500 level and continued its upward trend above the $ 60,000 resistance. However, the price did not close above the $ 60,000 level, but the price ceiling was set at around $ 60,030, after which a new downward trend began. In this downtrend, the support levels of $ 58,500 and $ 58,000 were broken.

The price of Bitcoin fell below the correction level of 23.6% Fibonacci retracement of the volatile price of $ 50,465 fell to the price level of $ 60,630. The BTC / USD 4-hour chart also shows a price break below a bullish uptrend line with support near $ 59,000.

The pair touched the $ 56500 support area and the simple moving average of 100 (4 hours). In addition, another uptrend line has formed with support at nearly $ 56,800 in the same chart.

If below the trend line support, the level of $ 56,500 and the simple moving average of 100 (4 hours) we see a downward price break, there is a possibility of a sudden fall to $ 55,250. This level is close to the 50% Fibonacci retracement level of the $ 50,465 uptrend to $ 60,630. Any further reductions may touch the $ 53,800 level.

If Bitcoin can stay above the $ 56500 support and the simple moving average of 100 (4 hours), it will probably face a price increase again.

The first major resistance to bitcoin is nearing $ 58,000. Closing the price above the $ 58,000 level could pave the way for a move to the 60,000 resistance area. The next major hurdle is close to $ 62,000.

Technical indicators

The MACD is accelerating hourly for the BTC / USD pair in the downtrend area.

The hourly RSI for the BTC / USD pair is currently below the 50 level.

Main Support: $ 56500

Main resistors: $ 58,000

Bitcoin Analysis Thursday, March 25

Bitcoin Analysis Thursday, March 25

Yesterday, Bitcoin was able to reach levels above $ 55,500 and $ 56,000 with the start of a proper recovery process. BTC even crossed the $ 57,000 resistance and the simple moving average of 100 (hourly).

However, the currency failed to continue its uptrend further, and as a result, resumed its downward trend after forming a price ceiling at $ 57,235. In the hourly chart of the BTC / USD pair, a price break is seen below a major uptrend line with support near $ 54,220.

The price of Bitcoin fell even below the support level of $ 54,000 and the pivot level of $ 53,200. Following this downward trend, the weekly price floor formed around the level of $ 51634 and bitcoin entered the consolidation phase. The first resistance is near the level of $ 53,000, which is near the correction level of 23.6% Fibonacci, the downward trend of $ 57,235 to $ 51634.

The first major resistance to this market cryptocurrency is near the $ 53,200 pivot level. If we see the price rise again above the $ 53,200 level, the probability of reaching the $ 54500 level increases. The 50% Fibonacci retracement level is down from $ 57,235 to $ 51634 and close to $ 54500.

If the bitcoin correction trend does not lead to levels above $ 53,200 and $ 545,500, in the short term it is more likely to continue its downward trend. In this case, the first support will be close to the level of $ 51,500.

The first major support is now close to the $ 51,000 level, below which the $ 50,000 support area is likely to be touched. Any further price cuts could lead to a move to the $ 48,000 level.

Technical indicators

The hourly MACD for the BTC / USD pair is slowly accelerating in the downtrend.

The hourly RSI for the BTC / USD pair is now below the 40 level.

Main support: $ 51,000 and $ 50,000

Main resistances: 53200, 54500 and 55000 dollars

US companies have bought 13,000 bitcoins for $ 48,000 at Coinbase

US companies have bought 13,000 bitcoins for $ 48,000 at Coinbase

Ki Young Ju, chief executive of data company CryptoQuant, announced on Twitter that 13,000 bitcoins had left the US exchange Coinbase.

He said the bitcoins had been bought by US financial institutions and that they were buying more and more bitcoins, despite the recent price correction.

At an average price of $ 48,000 per bitcoin, the value of the 13,000 bitcoins purchased is about $ 624 million.

He mentioned in the tweet that he bought $ 624 million worth of bitcoins and said that with the price of bitcoins reaching $ 51,000, the value of their purchase reached $ 668,244,200, which gave the owners of these bitcoins a profit of $ 42 million in just a few The clock is given.

He called the purchase a very positive signal for Bitcoin.

Tweet translation:

"13,000 bitcoins left the Coinbase exchange in just a few hours. These bitcoins appear to have been transferred to several Custody wallets. US corporate investors are still buying bitcoin for $ 48,000. This is the strongest bullish signal I have ever seen. "

As previously reported on the Holakouee Academy website, Coinbase's large exchange stock is to be listed directly by the US Securities and Exchange Commission.

The stock will be traded on Nasdaq under the COIN subset. Strangely enough, in the S-1 form of this exchange, Satoshi Nakamoto is mentioned as the designated recipient of this exchange.

The exchange also revealed that it has used bitcoin and other digital assets in its financial accounts since 2012.

The price of Bitcoin has reached $ 51,000 with the announcement of the listing of the exchange's shares in the US stock market.

Rick Reader's special look at Bitcoin

Rick Reader's special look at Bitcoin

Asset management giant BlackRock has turned its attention to investing in Bitcoin!

According to Rick Rieder, chief investment officer at asset management giant BlackRock, the company has turned to investing in bitcoin as a replacement for value storage.

Reader commented on BlackRock's interest in an interview with CNBC's Squawk Box on Wednesday morning. He said the asset management giant had taken steps in the field of cryptography, but did not elaborate.

Reader said that people's interest in bitcoin is growing because people are looking for an alternative to store value. He added: "My impression is that this technology has evolved and the regulations in this area have improved to some extent, because some people consider it as part of their portfolio, a factor that causes prices to rise. ”

According to Reader, BlackRock has not yet made any offers on Bitcoin, but since it has a lot of money, allocating part of it to Ramzars "makes sense." However, he remained skeptical that anyone should invest a portion of their assets in Bitcoin.

"I do not consider a number to be allocated, as it depends on the rest of the portfolio," he said. "

As previously reported, given BlackRock's budget, monitoring records indicate that the company is about to buy Bitcoin.

An overview of the cryptocurrency market today Friday, February 5

An overview of the cryptocurrency market today

After a tense day, the price of Bitcoin seems to have calmed down to around $ 37,500. However, its dominance in the cryptocurrency market is still declining and below 61% because several Altcoins have been able to perform far better than their leader.

Reduce Bitcoin dominance

While most alternative coins have seen significant growth over the past 24 hours, BTC has failed to grow significantly. The market's first cryptocurrency tried to move towards $ 39,000 but to no avail, reaching a low of $ 36,200 after being rejected.

However, the cows returned the asset to its current position of about $ 37,600. Similarly, the continued growth of altcoins has continued to reduce BTC dominance to below 61%, the lowest level since late November 2020.

Technically, Bitcoin must cross the resistance levels of 38000, 38800 and 39190 before challenging the $ 40,000 level. In contrast, support levels of $ 37,000, $ 36,000 and $ 35,140 could help if prices fall.
New records between Altcoins

While Atrium (1%), Bitcoin Cash (1%), Polkadat (2.5%) and Light Coin (2%) have experienced slight declines in the last 24 hours, a number of Altcoins on the list are 10. Top market currencies have grown significantly.

Ripple and Cardano are leading the way with a 13% increase. As a result of these developments, XRP is again close to $ 0.45 just a few days after falling to $ 0.34. The ADA, on the other hand, hit a three-year high of about $ 0.50.

Binance Quinn and China Link have also broken new historical records. After jumping 9% in the 24-hour timeframe, the BNB rose to $ 58, while the 7% China Link pump raised the stock to $ 27.
As usual, lower market value altcoins have seen more volatility. Meanwhile, 0x is leading the way with 75% growth since yesterday and 130% price increase in weekly timeframes. As a result of this move, the ZRX has risen to $ 1.4.

Defy tokens including Maker (35%), Terra (29%), Ocean Protocol (28%), Ren (26%), Kyber Network (26%), Alpha Finance Lab (24%) and Synthetix (20%) Then fall.

The total value of the crypto market is still close to the $ 1.150 trillion mark.

Bitcoin failed to break the $ 35,000 resistance level

Bitcoin failed to break the $ 35,000 resistance level

 

In the last 24 hours, the Bitcoin digital currency (BTC) has fallen again after another unsuccessful attempt to reach the $ 35,000 channel and is currently trying to maintain levels above $ 31,000. Most Altcoins, following their leader, also experienced a downward trend, with the total value of the digital currency market falling by about $ 80 billion over the past 24 hours.

In the last few days, after the price of Bitcoin fell below $ 29,000, this digital currency was able to increase its price up to $ 35,000 by taking an upward trend. However, while the cows were preparing to further increase the price of bitcoin, the bears took control of the market and pushed the digital currency back.

In the following hours, Bitcoin lost about $ 4,000 and fell to $ 31,000. Technical indicators show that the $ 31,000 level is the first post-correction support level that Bitcoin can rely on. In the event of a further drop in the price of Bitcoin, this digital currency will test the next support level at $ 30,760 before it reaches the psychological level of $ 30,000.