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Hello, welcome to this BITCOIN update by CRYPTO SANDERS. CHART ANALYSIS:- After a low of 26,600.14, BTC/USD rose to a high of 27,465.93 earlier in the day. Following the recent breakout, this move saw Bitcoin once again climb above the key 27,300 resistance. the uptrend also extended further with the 14-day Relative Strength Index (RSI) above the 42.00 range. price strength is tracking at 44.58, and moving closer to the higher resistance area of 49.00. If the bulls lead the index toward this point, there is a high probability that BTC will reach 28,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BTCUSD/j5FRMLv2-BTC-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider Binance Australia said on May 18 that it is “unable to facilitate PayID AUD deposits for Binance users” due to a third-party payment service provider’s decision to discontinue support for the crypto exchange. Binance Australia said while it works to find an alternative, users can still “buy and sell crypto using credit or debit cards.” Scott Collary, an executive at the service provider, claimed that “scammers are increasingly using overseas exchanges.”

Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking institution explained.

Pakistan to Ban Online Services Related to Cryptocurrencies Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin.

EU Council Adopts New Rules for Europe’s Crypto Markets The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin.

BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets Bitcoin fell below the $27,000 level on May 17, as market uncertainty remained high amidst the debt ceiling crisis in the United States. Congress continues to negotiate terms of a potential increase to the limit, before the U.S. government runs out of cash on June 1. Ethereum also dropped, breaking out of the $1,800 level.

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion.

DOGE, XRP Hit 1-Week Highs, Despite Wednesday’s Crypto Red Wave Dogecoin rose to a one-week high on Wednesday, despite cryptocurrency markets mostly moving lower. As of writing, the global crypto market cap is trading nearly 1% lower. Xrp also surged, climbing by over 6% in today’s session.

Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’ Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.”

US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed.

Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was broadly stable on Tuesday, despite a brief breakout below the 1,800 level. ETH/USD touched a high of 1,845.70 at the start of the day, leading from a low of 1,797.84 to start the week. The world's second-largest cryptocurrency has since declined, trading at 1,820.12. It is close to the lowest price of 1,820, maintained since last Wednesday when the price was on its fifth day of a six-day decline. Firming up in prices has also contributed to the current volatility. The index is hovering below the critical resistance level. Should it move beyond a reading of 45.00, there are good chances that ETH bulls will make another run toward the 1,900 level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/ETHUSD/qaVEPtrK-ETHEREUM-USDT-UPDATE/

Hello, welcome to this BITCOIN update by CRYPTO SANDERS. CHART ANALYSIS:- consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures. As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines. Following an earlier high of 27,646.35, BTC/USD slipped to an intraday low of 26,878.95 on Tuesday. Price has since rebounded, bitcoin is trading at 27,040.23. A failed breakout of the 42.00 mark on the relative strength index (RSI) appears to have played a pivotal role in today’s decline. tracking at 41.06, with a floor at 38.00 a potential target, should momentum continue to depreciate. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BTCUSDT/NFm8tmzB-BITCOIN-USDT-UPDATE/

BTC, ETH Consolidate Ahead of US Retail Sales Data Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level.

J’JO’s Crypto Index Investing: Protecting Portfolios From Risks and Increasing Returns The global crypto market is expanding steadily despite recent bearish sentiments. Over 119 million people worldwide started owning cryptocurrencies in 2022, marking a 39% rise in total ownership. It reflects a growing demand for alternative payment methods and investment instruments. More people now believe in the potential of futuristic asset classes like crypto. Particularly since innovators are bringing novel utilities to the table. But the road ahead isn’t all rosy. We must overcome several challenges before crypto-based assets bloom fully.

Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited.

Welcome to this quick LTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Litecoin (LTC) also moved higher in today’s session, with price climbing by as much as 7%. Following a low of 81.75 on Sunday, LTC/USD raced to an intraday high of 87.54 earlier in the day. This jump resulted in the token reaching its highest point since March 6, which is the last time LTC was trading close to the 90.00 mark. a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken. price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00. There is a strong possibility that litcoin could move above 90.00 in the coming days. Hit the like button if you like it and share your charts in the comments section. Thank you... https://www.tradingview.com/chart/LTCUSDT/P5s4KYby-LTC-USDT-1DAY-UPDATE/

Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run. SOL/USD surged to a peak of 21.49 earlier in today’s session., which comes after Sunday’s low of 20.65. As a result of this rally, Solana moved to its strongest point since last Monday, when the price was close to 22.00. One of the catalysts of today’s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45.00. The index is now tracking at 48.31, which is its highest reading in almost ten days of trading. Should current sentiment extend throughout the week, there is a good chance SOL will be near its long-term resistance at 24.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you..... https://www.tradingview.com/chart/SOLUSDT/dc6z3ftS-SOL-USDT-1DAY-UPDATE/

Bitcoin (BTC) fell to a low of 25,810 last Friday, which came after a breakout occurred at a key price floor of 26,500. This move saw the world’s largest cryptocurrency plunge to its weakest point since March 17, when the price was below $25,000. Since then, BTC has somewhat rebounded, climbing to a peak of 27,527.51 earlier in today’s session. From the chart, one of the catalysts for this move was the 14-day relative strength index (RSI), which rose above a ceiling of 42.00. The index is now tracking at 44.66, with Bitcoin reentering its own support point at 27,500, with bulls seemingly targeting 28,000 in the near term. A big test will be what happens when the RSI reaches a ceiling at 48.00, should it move beyond this, not only will BTC be above 28,000, but, there is a good chance that it could hit 30,000 before the month’s end. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BTCUSDT/kOBaArEK-Bitcoin-Price-Analysis-for-May/

Hello, welcome to this BITCOIN update by CRYPTO SANDERS. CHART ANALYSIS:- Current Market Status At the halfway point of May, bitcoin has fallen to a two-month low, as market sentiment shifted bearish, following April’s strong gains. With several key data points all being released in a short window, it was somewhat expected that price uncertainty would be present. The Fed increased interest rates by 25 basis points, days after non-farm payrolls rose to 253,000, versus expectations of 180,000. Since then, inflation fell to 4.9% in April, with many still uncertain as to what the Federal Reserve will do during June’s meeting. May Outlook