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...
Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close.
Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance.
Higher lows creep in for BTC/USD
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp.
The move continues a ranging weekend, over which the pair failed to recover from Friday’s sell-off.
$45,500 is an important level for Bitcoin in the form of its 50-day moving average, a level which on Sunday continued to hold as support.
As noted by trader and analyst Rekt Capital, lower timeframes showed increasing strength on the day, with a “strong bullish divergence” characterizing the 4-hour chart. At the time of writing, however, no new levels had entered as support.
“Bitcoin formed a Lower Low on the 4-hour timeframe during the days spanning the 8th and 10th of September,” he summarized.
“Over the course of the 10th and 12th of September however, $BTC formed a new Higher Low on the 4-hour timeframe.”
Cointelegraph contributing analyst Michaël van de Poppe was also on the lookout for a higher low construction.
“Looking at a higher low to be constructed at Bitcoin and then we're ready to go toward $50K,” he said Saturday.
Polkadot leads Sunday's altcoin moves
As Cointelegraph reported, expectations include a Bitcoin price dip to as low as $38,000 at worst, with September poised to be a month of rumination for the bull run continues.
Related: Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high
Bitcoin’s overall crypto market dominance continued to fall at the weekend, nearing 40% in what could prove to be a boon for altcoin performance.
Signs of life were already present on major alts Sunday, with Polkadot (DOT) leading the top ten with 10% daily gains.
The largest altcoin, Ether (ETH), was up 3.2% at $3,425, albeit still down 13% compared to its position last weekend.
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