NYDIG’s Greg Cipolaro says that Bitcoin and tech stocks aren’t converging and 
are likely just reacting to macroeconomic conditions rather than trading in 
tandem.

Bitcoin correlation with tech stocks overblown: NYDIG

Tesla’s $1.5 billion bitcoin bet produced early profits, huge sales during the 
2022 crypto crash, and a lasting corporate crypto footprint, as blockchain 
analysis shows Elon Musk’s company still holds a significant stash. Arkham 
Traces Tesla’s $1.5B Bitcoin Bet: Early Profits, Massive 2022 Sales, and What 
Happened Next Tesla and its CEO Elon Musk played […]

What Happened to Tesla’s 43,770 BTC? On-Chain Data Reveals Full Story Behind Its Crypto Moves

If the CLARITY Act fails to pass, Giancarlo said he expects Paul Atkins at the 
SEC and Mike Selig at the CFTC will likely write rules to create clarity for 
the industry.

Crypto regulatory clarity matters more for banks, ex-CFTC chief says

Ethereum price started a fresh decline below $2,000. ETH is now correcting 
gains above $1,920 and might decline further in the near term. Ethereum 
started a downside correction below the $2,020 zone. The price is trading 
below $2,000 and the 100-hourly Simple Moving Average. There was a break below 
a key bullish trend line with support at $2,020 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could start a fresh decline if it stays below 
the $2,000 zone. Ethereum Price Dips Further Ethereum price started a fresh 
decline after it failed to stay above $2,020, like Bitcoin. ETH price declined 
below $2,000 to enter a bearish zone. Besides, there was a break below a key 
bullish trend line with support at $2,020 on the hourly chart of ETH/USD. The 
pair even dipped below $1,920. A low was formed at $1,912, and the price is 
now consolidating losses below the 23.6% Fib retracement level of the downward 
move from the $2,200 swing high to the $1,912 low. Ethereum price is now 
trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls 
remain in action above $1,920, the price could attempt another increase. 
Immediate resistance is seen near the $1,980 level. The first key resistance 
is near the $2,020 level. The next major resistance is near the $2,050 level 
or the 50% Fib retracement level of the downward move from the $2,200 swing 
high to the $1,912 low. A clear move above the $2,050 resistance might send 
the price toward the $2,120 resistance. An upside break above the $2,120 
region might call for more gains in the coming days. In the stated case, Ether 
could rise toward the $2,200 resistance zone or even $2,250 in the near term. 
More Losses In ETH? If Ethereum fails to clear the $2,020 resistance, it could 
start a fresh decline. Initial support on the downside is near the $1,920 
level. The first major support sits near the $1,880 zone. A clear move below 
the $1,880 support might push the price toward the $1,850 support. Any more 
losses might send the price toward the $1,810 region. The main support could 
be $1,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $1,920 Major Resistance Level – $2,020

Ethereum Price Extends Pullback, $1,920 Support Now Under Threat

Bitcoin price started a fresh decline below $68,500 and $68,000. BTC is now 
consolidating and might struggle to start a recovery wave above $68,500. 
Bitcoin started a fresh decline after it settled above the $69,500 zone. The 
price is trading below $68,000 and the 100 hourly simple moving average. There 
was a break below a major bullish trend line with support at $68,900 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip 
again if it trades below the $65,500 and $65,000 levels. Bitcoin Price Starts 
Another Decline Bitcoin price failed to extend its increase above the $68,500 
zone. BTC started a fresh decline after it settled below the $68,000 support 
zone. The bears pushed the price below $67,500 and $67,200. Besides, there was 
a break below a major bullish trend line with support at $68,900 on the hourly 
chart of the BTC/USD pair. Finally, the price tested the $65,500 zone. A low 
was formed at $65,646, and the price is now consolidating losses. Bitcoin is 
now trading below $68,000 and the 100 hourly simple moving average. If the 
price remains stable above $65,500, it could attempt a fresh increase. 
Immediate resistance is near the $67,000 level. The first key resistance is 
near the $67,600 level and the 23.6% Fib retracement level of the downward 
move from the $74,062 swing high to the $65,646 low. A close above the $67,600 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $68,800 resistance. Any more gains might send the 
price toward the $68,800 level. The next barrier for the bulls could be 
$69,850 or the 50% Fib retracement level of the downward move from the $74,062 
swing high to the $65,646 low. More Losses In BTC? If Bitcoin fails to rise 
above the $68,000 resistance zone, it could start another decline. Immediate 
support is near the $65,500 level. The first major support is near the $65,000 
level. The next support is now near the $63,500 zone. Any more losses might 
send the price toward the $62,000 support in the near term. The main support 
now sits at $61,200, below which BTC might struggle to recover in the near 
term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now below the 50 level. Major Support Levels – $65,500, followed by $65,000. 
Major Resistance Levels – $68,000 and $68,800.

Cryptocurrency price in ZAR