GT-Protocol Blog Market still consolidating with big updates coming this week.

Market still consolidating with big updates coming this week.

31.08.2023

Dear traders,

US market coming with new data big wicks are loading.

Jake
TOP Trader

BTC has hit strong resistance and is now retreating to 27k, with a possible bigger pushback. In the coming days, if it doesn’t sustain the push, it could retreat to new lows and continue the breakdown.

ETH hit strong resistance at $1750 and now needs to break it on a daily basis before the next leg up. It is still in danger before a bigger pushback.

XRP is pushing back to the $0.54 resistance, grabbing liquidity. Only if it breaks and holds above $0.54 on a daily basis, could it make a bigger push upwards.

LINK is pushing back hard to the $6 support and losing strength for a bigger push up. Despite the waning momentum, any price below $7 presents a favorable buying opportunity.

SOL is retesting the drop and encountering resistance and now at 20$ support. There is a significant possibility of a bigger pushback in the coming days.

EOS is retesting the resistance at $0.63 and needs a strong push to break above it. It remains an attractive option for long-term investment.

LTC is retesting the resistance at $70 and needs to break it on a daily basis to continue the push.

The DXY is losing support at 103.5 and needs to hold it for a bigger push up.

Crypto/stock daily news:

TWITTER GETS A CRYPTO LICENSE

Twitter made a BIG move this week…

(Look, I’m an old-school guy – I still call it Twitter. I still call it Facebook. Sue me)

Here’s what you need to know:

Twitter got approved for a “Currency Transmitter” License in Rhode Island.

The license lets companies store, transfer, and exchange digital assets – as well as hold assets on behalf of its users.

The license also includes related service providers like crypto wallets, payment processors, and exchanges.

Just like that, Twitter is one step closer to integrating digital assets into its platform.

P.S. – No wonder crypto exploded yesterday… Grayscale won, Twitter got a new license, and the SEC got called capricious – all within 24 hours.

FAST NEWS:

Digital Currency Group and Genesis have reached an in-principle deal with its creditors. The problem? It’s a bad deal for creditors.

Francis Suarez announced he has dropped out of the U.S. presidential race. It’s official, the most pro-Bitcoin (and most ripped) candidate is out.

Robinhood and Jump Trading have ended their crypto partnership. Alexa, play ‘Welcome to Heartbreak’ by Kanye West.

Polygon dropped a new developer toolkit for ZK-powered networks on Ethereum. The new software toolkit will allow developers to build their own customizable chains, and connect to each other through a ZK-powered bridge to form a “Value Layer.”

Mastercard held its first-ever blockchain innovation event in London. It was an “innovation sprint” as part of the development of Mastercards Multi-Token Network (MTN).

USDC will launch natively on the Base network next week. The new version will replace the current USD Base Coin that most people use today.