Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum – Bitcoin News

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Bitcoin News 19 July, 2021 - 06:08am 23 views

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Bitcoin and Ethereum – Weekly Technical Analysis – July 19th, 2021

Yahoo Finance 19 July, 2021 - 08:10am

In a mixed start to the week, Bitcoin rose to a Monday intraweek high $34,655.0 before hitting reverse.

Falling short of the first major resistance level at $35,662, Bitcoin slid to a Friday intraweek low $31,044.0.

Bitcoin fell through the first major support level at $32,445 before briefly revisiting $32,450 levels.

Coming up against the first major support level, however, Bitcoin fell back to end the week at sub-$32,000 levels.

4 days in the red that included a 3.40% slide on Monday and a 2.84% fall on Thursday delivered the downside for the week.

Bitcoin would need to move through the $32,506 pivot to support a run the first major resistance level at $33,969.

Support from the broader market would be needed for Bitcoin to break back through to $33,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $34,000 would likely cap any upside.

In the event of an extended breakout, Bitcoin could test resistance at $36,000 before any pullback. The second major resistance level sits at $36,117.

Failure to move through the $32,506 pivot would bring the first major support level at $30,358 into play.

Barring another extended sell-off, Bitcoin should steer clear of sub-$29,000 levels and the second major support level at $28,895.

At the time of writing, Bitcoin was down by 0.58% to $31,637.0. A mixed start to the week saw Bitcoin rise to an early Monday high $31,921.0 before falling to a low $31,514.0.

Bitcoin left the major support and resistance levels untested at the start of the week.

A mixed start to the week saw Ethereum rise to a Monday intraweek high $2,169.00 before hitting reverse.

Falling well short of the first major resistance level at $2,351, Ethereum slid to a Saturday intraweek low $1,850.00.

Ethereum fell through the first major support level at $1,990.

Steering clear of the second major support level at $1,839, Ethereum revisited $1,990 levels before sliding back to sub-$1,900 levels.

The first major support level at $1,990 pinned Ethereum back at the end of the week.

5-days in the red that included a 5.14% slide on Monday, a 4.43% fall on Tuesday, and a 3.81% loss on Thursday delivered the downside for the week.

Ethereum would need to move through the pivot at $1,970 to bring the first major resistance level at $2,090 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $2,100 would likely cap any upside.

In the event of an extended breakout, Ethereum could test the second major resistance level at $2,289. Ethereum would need plenty of support, however, to breakout from last week’s high $2,169.00.

Failure to move through the pivot at $1,970 would bring the first major support level at $1,771 into play.

Barring another extended sell-off in the week, Ethereum should steer clear of the second major support at $1,651. The 62% FIB of $1,725 should limit the downside.

At the time of writing, Ethereum was down by 0.60% to $1,880.06. A mixed start to the week saw Ethereum rise to an early Monday high $1,907.70 before falling to a low $1,866.34.

Ethereum left the major support and resistance levels untested at the start of the week.

Mike Tyson Fuels The Bitcoin Vs. Ethereum Debate

Markets Insider 19 July, 2021 - 03:48am

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Boxing legend Mike Tyson spurred a full-on cryptocurrency debate that attracted advocates of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other altcoins.

What Happened: The former heavyweight champion asked on Twitter Inc’s (NYSE:TWTR) platform “Which do you prefer, BTC or ETH?” 

Jack Dorsey, CEO of Twitter and Square Inc (NYSE:SQ) pitched for the apex cryptocurrency.

MicroStrategy Incorporated (NASDAQ:MSTR) CEO Michael Saylor also spoke out in favor of Bitcoin. Saylor said he had “spent more than a thousand hours considering this question and chose bitcoin.”

Mike, I spent more than a thousand hours considering this question and chose bitcoin. So far, I have purchased $2.9 billion in BTC because I think it's the future of digital property. I have posted tons of free #bitcoin education on https://t.co/kZl3k7Tm4h.

Jay Hao, CEO of the cryptocurrency exchange OkEx meanwhile resorted to posting a meme to answer Tyson’s question.

Both the apex cryptocurrency and the second-largest coin by market cap traded in the red at press time on Monday with BTC down 1.67% at $31,613.85 and ETH lower by 4.85% at $1,890.81.

Why It Matters: This month, Mike Tyson changed his Twitter profile photo to a “Cool Cat” after purchasing one of the eponymous non-fungible tokens. Tyson and several other celebrities have purchased similar NFTs and changed their profile photos.

This is not the first time Tyson has shown interest in cryptocurrencies either. In the years past, he has been associated with Bitcoin wallets and ATMs.

Others who responded to Williams at the time included Galaxy Digital Holdings Ltd (OTC:BRPHF) CEO Mike Novogratz and Barry Silbert, founder of Grayscale parent Digital Currency Group.

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