Key Intraday Levels for Bitcoin

The BTC/USDT pair has dropped 5.87% in the past 24 hours and is currently trading at $95,709. Bitcoin (BTC) has lost the previously identified support at $97,362, leading to a significant correction. If it rebounds, the resistance level to watch is $97,362, while the support levels are $94,703 and $93,138.

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Ethereum (ETH): The ETH/USDT pair has dropped 8.69% over the last 24 hours and is currently trading at $3,361. Resistance levels for ETH are $3,440 and $3,535, while the support levels are $3,290 and $3,217.

SPX6900 (SPX): The SPX/USDT pair has gained 0.94% in the last 24 hours and is trading at $1.44. Resistance levels are $1.453 and $1.56, while support levels are at $1.34 and, if the decline deepens, $1.24.

Helium (HNT): The HNT/USDT pair has lost 5.58% in the past 24 hours and is trading at $5.87. Resistance levels for HNT are $5.91 and $6.25, while support levels are $5.72 and $5.45.

Shiba Inu (SHIB): The SHIB/USDT pair has dropped 10.14% in the last 24 hours and is currently trading at $0.00002167. Resistance levels for SHIB are $0.00002192 and $0.00002312, while support levels are $0.00002133 and $0.00002052.

Trending Coins

The most trending coins in the crypto market over the past 24 hours include Sonic SVM (SONIC), Virtuals Protocol (VIRTUAL), and Hyperliquid (HYPE). The top gainers are Sonic SVM (SONIC), QuantixAI (QAI), and Ultima (ULTIMA), while the biggest losers are Swarms (SWARMS), Horizen (ZEN), and CHEX Token (CHEX).

Bitcoin Liquidation Map

On the 12-hour liquidation map for Bitcoin, notable liquidations are seen at $96,696 on the upside, totaling $34.48M, and at $94,818 on the downside, also with $34.48M.

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Important Highlights and Altcoin Events of the Week!

Monday, February 5:

• Eigenlayer will add three new liquid staking tokens to its portfolio: sfrxETH, mETH, LsETH.
• MAGIC will publish the Treasury Chain Litepaper.
• China’s reserve requirement ratio (RRR) for banks will be reduced by 50 basis points from February 5th, which will provide 1 trillion yuan in long-term capital.
• Speech by Fed Chairman Powell.

Tuesday, February 6:

• STRAX will transition to EVM Testnet.
• MATIC will receive the Etrog update.
• SEC will decide on the Invesco Galaxy Ethereum Spot ETF application, which was delayed on December 13th (Delay/Reject/Accept).

Wednesday, February 7:

• Ethereum will receive the Holesky Dencun Update.
• ZEN will receive a Mainnet update.

Thursday, February 8:

• World Artificial Intelligence Cannes Festival will begin.
• AHA will perform ACT Token Swap.
• KLAY will restart the FNSA Merge proposal.
• US Initial Jobless Claims will be announced.

Friday, February 9:

• The Lunar New Year will begin in South Korea.
• A decision will be made on the approval of the Bitcoin Spot ETF in Hong Kong.

Saturday, February 10:

• Chinese New Year will begin.

The post Important Highlights and Altcoin Events of the Week! appeared first on Coin Engineer.

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In its watchlist published on January 4, 2024, Binance announced that it has added Aragon (ANT), Firo (FIRO), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF), Vai (VAI), Monero (XMR), Zcash (ZEC), and Horizen (ZEN). With the addition of these 10 new altcoins, the number of assets on the watchlist has increased from 23 to 33.

The cryptocurrency exchange also announced that it has removed GMX (GMX) and SushiSwap (SUSHI) from the watchlist.

What is the Binance Watchlist? What risks await assets on this list?

Altcoins included in Binance’s watchlist are more volatile and carry more risk than other altcoins. These altcoins are reviewed and monitored regularly by Binance. It is stated that the altcoins on the watchlist no longer meet the listing requirements on the exchange and that these assets are at risk of being delisted.

Users who trade with assets on the list are required to pass the tests directed to them every 90 days and accept the conditions. The tests are conducted to determine whether users are aware of the risks before trading with assets on the watchlist.

Here are some of the risks that await altcoins on Binance’s watchlist:

• Higher volatility: Altcoins on the watchlist are more likely to experience sharp price swings than other altcoins. This can lead to significant losses for investors.
• Less liquidity: Altcoins on the watchlist are less liquid than other altcoins. This means that it may be more difficult to buy or sell them at a fair price.
• Risk of delisting: Binance may delist altcoins from the watchlist if they no longer meet the exchange’s listing requirements. This would make it impossible to trade these assets on Binance.

Investors should carefully consider the risks before trading altcoins on Binance’s watchlist.

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What are the purposes of Horizen (ZEN)?

Horizen is used as a decentralized payment method in the blockchain. Thus, users can purchase products or services. Horizen which aims at data integrity and security enables developers to build their blockchain because of special sidechain technology (Zendoo). Moreover, four main features that Horizen has are as below:

• Private: Horizen has been created with zk-SNARKs for high privacy.
• Security: The team guarantees that Horizen is defended against 51% of hacking because it has features such as end-to-end encryption and Consensus.
• Reliable: The project strongly supports that Horizen has the biggest and most decentralized multi-tiered node infrastructure. Thus, it is clear ZEN is reliable.
• Scalability: ZEN created by Zendoo technology is also completely customizable and interoperable with blockchain.

The founders and Partners of Horizen

Robert Viglione, the CEO of Horizen Labs, is also the founder of Zen Blockchain Foundation. Furthermore, Rolf Versluis, the former of Cisco, is the founder and advisor of Zen Blockchain Foundation.

Partners

Horizen has many partnerships with large companies. For example, some of them are Binance, BitMax, OKEx, Bitfinex, Bittrex, Huobi, and ShapeShift.

Token distribution

Horizen (ZEN) has a maximum supply of 21,000,000 tokens and the circulating supply is 13,959,375 ZEN according to data on Coinmarketcap. Also, token distribution is as below:

• Public sale: 25.00% 
• Seed Sale: 6.00% 
• Private Sale: 15.00% 
• Team: 5.00% 
• Advisors: 2.00% 
• Ecosystem Development: 33.00% 
• Community Growth: 10.00% 

Roadmap

The team Horizen has many plans to be done in 2023 according to Roadmap. These are:

• Make security higher
• Develop protocol utility and durability
• Increase product usage
• Expand project awareness
• Increase market liquidity/access points 

Which exchanges we can buy ZEN?

ZEN token is current on Binance, Coinbase, Kucoin, and Gate.io. Also, you can buy it from those exchanges If you want.

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