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Crypto

Bitcoin nears golden cross as key signal emerges

Bitcoin is nearing a golden cross as mid-term moving averages converge after its August rebound. The signal’s significance hinges on whether bitcoin can break the $80,000 to $82,000 resistance area. Bitcoin is trading around $79,250 after rebounding from near $58,000 in June. Analysts cite rising short-term averages and a recovered 200-day average. RSI has eased to 62, suggesting bullishness but limited momentum.

Crypto

XRP retests cup-and-handle pattern, with $3.63 target if $1.35 holds

XRP has entered a retest zone for a cup-and-handle pattern on the weekly chart after an August rebound, an analysis said. If support holds, XRP could try to break above the $1.45 to $1.50 resistance area, with targets cited at $2.4062 and $3.6330. XRP is trading around $1.39, up about 3.5 percent over the past week. A break below $1.35 could weaken the structure, with $1.23 cited as the next support.

Crypto

Seven Satoshi-era bitcoin mining wallets move after 16 years

Seven Satoshi-era bitcoin mining wallets became active again after about 16.5 years and moved a total of 350 bitcoin, worth about $28 million at current prices. On-chain data showed each wallet transferred 50 bitcoin. The coins were created as mining rewards in March 2010, less than 15 months after the network launched in January 2009. Bitcoin traded around $79,850 after topping $81,000.