On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The final hurdle for Bitcoin bulls this week could still cancel out recent losses if downward BTC pressure stays away.
Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance.
All eyes on $49,300 on the weekly chart
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling at higher levels after cracking the $49,000 mark late Friday.
The end of the working week had seen a positive reaction to comments from Fed Chair Jerome Powell on tapering of asset purchases, as well as remarks on inflation.
As Cointelegraph reported, stocks surged to all-time highs, while the U.S. dollar weakened — Bitcoin made use of the opportunity and added $1,500 in under an hour.
With talk of a new "bullish impulse" move afoot on crypto markets, the mood into the weekend was thus far from bearish.
"If BTC is able to stay above the ~$49000 level for the rest of the week... It would set itself up for a phenomenal Weekly Close," trader and analyst Rekt Capital summarized.
That weekly close had a solid chance of beating the last at the time of writing, with $49,300 the level to clinch for a multi-month high.
That would also place Bitcoin back in the tiny two-month window in which it closed above $49,000 on the weekly chart earlier this year.
"Should be pretty obvious where Bitcoin is heading," popular Twitter account Ryan Cantering Clark added.
A look at buy and sell levels on major exchange Binance on the day meanwhile revealed a support line slowly building at around $48,800, forming a close stand-off with sellers just below $50,000.
Cardano bulls back in action as altcoins wake up
Altcoins meanwhile mostly benefited from renewed strength in Bitcoin.
Related: Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA
With the exception of a flat Binance Coin (BNB), the top ten cryptocurrencies by market cap saw solid 24-hour gains.
Cardano (ADA) bulls led the advance, ADA/USD climbing almost 10% to $2.85 and making up for much of its recently lost ground after hitting all-time highs. Solana (SOL) continued upwards after its own record high.
Ether (ETH) was at $3,240, having increased by a more modest 4% and still down 1.5% versus the same time last week.
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