Bitcoin Price Racing Towards Support

Bitcoin Price Racing Towards Support

Bitcoin price continues declining and we have to ask “why”? Unfavorable news? Bad fundamentals? Truth is: neither – commodities rise and fall due to leveraged speculation in their price charts. Bitcoin price is at a strange juncture: the 4-hour and 1-day timeframes are about to enter a bearish technical condition, yet, a large hand in the market could miraculously find support at current levels. The technical factor that implies that the largest players in the market are interested in decline, is the fact that they have not defended the ascending trendline (blue) that would have secured....


Related News

Motor Team McLaren Racing Partners With Tezos to Build NFT Platform

On Thursday, McLaren Racing announced the British motor racing team selected Tezos as the organization’s official partner across the Indycar series, Formula One, and esports. Tezo will create a non-fungible token (NFT) platform for McLaren Racing in order to showcase the motorsport group’s world-class drivers and “illustrious racing heritage.” McLaren and Tezos Team up to Construct an NFT Platform The non-fungible token (NFT) economy has exploded and world-renowned automakers and motor racing teams are jumping in on the action. This week the German carmaker Porsche....

Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum...

Red Bull Racing (RBR) has announced the cryptocurrency exchange platform Bybit has joined RBR as a principal team partner. According to the announcement, RBR says the deal is the “largest per annum cryptocurrency sports agreement to date.” Red Bull Racing and Crypto Exchange Bybit Ink Multi-Year Deal On February 16, 2022, the Formula One racing team Red Bull Racing (RBR) revealed the firm now has a cryptocurrency-centric principal team partner. RBR has partnered with the exchange Bybit, and the deal is a multi-year agreement that allows Bybit to be a “top tier ally....

Red Bull Racing scores $150M sponsorship with Bybit

Formula One team Red Bull Racing scores a multi-year partnership worth $50 million per annum with crypto exchange Bybit. Following Red Bull Racing's most recent wins at Formula One (F1), the racing team scores a three-year partnership with Singapore-based crypto trading platform Bybit for $50 million per year. According to the announcement, the fee will be paid in a combination of fiat and BitDAO (BIT) tokens.The company announced that the partnership aims to broaden the F1 team's fan engagement through its capabilities as a crypto exchange. Bybit will act as an issuer of fan tokens and as....

Roush Fenway Racing First US Sports Team To Launch Fan Token

Blockchain technology is hitting the raceway lately. This week, IndyCar team Ed Carpenter Racing announced their Bitcoin-themed Chevy to race in this year’s Indy 500. Now, NASCAR’s Roush Fenway Racing is putting their foot on the gas with their own fan token. More Fan Tokens Just last week, the UFC elected to partner with Socios.com […]

Lamborghini-backed GT racing team to authenticate car parts using NFTs

Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts. Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini's motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts.In an announcement sent to Cointelegraph, former racing champion Vincenzo Sospiri from the VSR mentioned that their team will build NFT certification for their race cars with Go2NFT and blockchain platform Skey Network. This will allow them to....