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...
It could still go either way for bulls in the run-up to what could still turn out to be the highest weekly close on record.
Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange Binance.
BTC dices with $60,000
BTC/USD is keeping traders nervous into Saturday, data from Cointelegraph Markets Pro and TradingView shows, deciding on the fate of $60,000 support.
The level had proven the first major area of buyer interest overnight after old all-time highs at $64,900 failed to prop up the market.
While analysts remain bullish on longer timeframes, the comedown is creating an interesting close to the current weekly candle.
Last week, #BTC Weekly Closed above a historical major resistance area (red)
— Rekt Capital (@rektcapital) October 22, 2021
This week, $BTC may be dipping towards the same area but this time to turn it into a support
Weekly retest may soon be in progress#Crypto #Bitcoin pic.twitter.com/j8yGm7g5bt
For Cointelegraph contributor Michaël van de Poppe, however, called the correction "fine" and maintained his prognosis of a macro price top of as much as $300,000.
Elsewhere, a popular theory revolves around a structured flushing out of overleveraged traders, these having pushed up funding rates to classic unsustainable levels during the run to $67,100 all-time highs.
Front-running the United States' first Bitcoin ETF is likewise still a major topic of debate, as noted by popular Twitter account BitBit.
roughly 1.25 trillion dollars were injected into the market in a span of exactly 3 months, ahead of the ETF approval. now you tell me that some big pockets didn't have this info way before you could guess.
— Bitbit BTFD (3, 3) (,) (,) crypto (@BitBitCrypto) October 23, 2021
1.25 trillion.
Binance reserves shoot higher
While exchange balances broadly continue to trend lower, meanwhile, Binance has seen a dramatic uptick in its reserves in recent days.
Related: Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
According to data from statistics resource Bybt, these increased by over 50,000 BTC to near 400,000 BTC as of Friday.
Exchange reserve upticks tend to signify a desire to sell or have BTC available to sell at short notice.
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