Bitcoin Struggles to Break $65K as Resistance Holds Firm, Traders Watch for Breakout: News of September 26, 2024
Bitcoin dips below $64K after hitting a one-month high. Key resistance at $65K remains solid, requiring high-volume buying to surpass. Meanwhile, Hamster Kombat teases NFT integration and token buybacks ahead of its airdrop.
Bitcoin price coils as market confirms $65K as ‘real resistance’
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $64,000 after reaching a one-month high of $64,795 on BitstampDespite higher lows and highs on hourly charts, traders remained cautious about a potential breakout. Popular trader Skew pointed out that the $65,000 resistance, marked by key sell-side liquidity, remained firm, with strong passive selling. He added that a significant push above this level would require high-volume buying. Meanwhile, bid liquidity between $60,000 and $62,000 remained solid.
Hamster Kombat teases token buyback, NFTs and launch of web app ahead of airdrop
Ahead of a token airdrop, Hamster Kombat released its roadmap for upcoming developments.
The team plans token buybacks, an NFT integration and launching a progressive web app, or PWA, for Apple and Android devices.
Recently, some users on X complained about Hamster Kombat's token distribution, claiming it unfairly disqualified millions of players. The game disqualified 2.3 million bots and "cheaters" from receiving tokens. Hamster Kombat explained that a minimum profit-per-hour was set to reward loyal players, with over 131 million qualifying. About 80% of the airdrop was based on this profit rate, which could be reached in just over a day.
Ethena announces new stablecoin linked to BUIDL
Ethena has announced the launch of its latest product, UStb, a fully-backed stablecoin developed in partnership with BlackRock and Securitize. This marks the introduction of a distinct fiat-backed stablecoin to complement Ethena’s existing USDe offering.
PayPal Enables Business Accounts to Buy, Hold and Sell Cryptocurrency
PayPal (NASDAQ: PYPL) announced that U.S. merchants can now buy, hold, and sell cryptocurrency directly from their PayPal business accounts, excluding New York State. This move extends PayPal's crypto capabilities to millions of businesses. "Business owners have shown strong demand for the same cryptocurrency options we offer consumers," said Jose Fernandez da Ponte, PayPal's SVP of Blockchain, Cryptocurrency, and Digital Currencies. "We're excited to meet that demand and enable seamless engagement with digital currencies."
