Binance Pool Pulls Out $500 million to Help Bitcoin Miners 

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Binance Pool raises $500 million for new loan programs for Bitcoin miners.The company must have been driven to launch a new loan business for the miners by the recent upheaval from crypto mining businesses. For the loan, which can last up to 18 months, miners just need to provide security in the form of tangible or digital goods. 

Binance did not initiate the bid to support the digital asset mining sector. Jihan Wu, the owner of Bitmain, a manufacturer of cryptocurrency mining equipment, has also created a $250 million fund to buy underperforming assets from faltering mining companies. DEFC-owned Maple Finance has also created a loan business to give miners working cash with only a small down payment. 

Key Bitcoin Levels to Watch — October 14

Bitcoin, like most coins on the market, is bearish at the moment. Hence, the reason for the crypto miners’ recent fold-ups. Big cryptocurrency and other major financial institutions’ involvement can be expected to affect a retracement for Bitcoin.

The True Strength Index indicates that the BTC price is getting set to go bullish as the indicator is just about to cross the signal line. This is suspected to be a result of the rejections seen in the market in the last couple of days. 

The Average Directional Index, however, signals that BTC’s bearish direction is gradually becoming resistant to the bears’ pressure. The indicator shows that the market’s direction might be ready to change at any moment. The SuperTrend indicator, however, maintains that the market remains bearish. 

Bitcoin Key Levels

Resistance Levels: $19652.80, $2119.90, $20461.80
Support Levels: $18949.60, $18495.60, $18139.50

Total Market Capitalization: $919.7B
Bitcoin Market Capitalization: $367.9B
Bitcoin Volume: $39.4B
Market Rank: #1

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.