Walmart Partners with OnePay for Crypto Transactions
- New Crypto Transaction Model: Walmart's partnership with OnePay allows users to purchase Bitcoin and Ethereum in-app, converting these into USD for retail transactions, despite the POS systems only accepting USD, significantly enhancing consumer acceptance of cryptocurrencies.
- Fintech Integration: By leveraging Zero Hash's crypto infrastructure for currency conversion, Walmart ensures streamlined USD settlements, and while the checkout process remains unchanged, this innovation enhances crypto accessibility for customers, potentially boosting enthusiasm for crypto in retail.
- Market Impact: This initiative may drive broader adoption of cryptocurrencies in retail, emphasizing the scalability of convert-to-cash models, akin to practices seen at Starbucks and Home Depot, thereby reinforcing this commercial trend.
- Regulatory Attention: As Walmart complies with existing financial norms, this move may attract regulatory interest, particularly under its MSB framework, and with increased consumer familiarity with cryptocurrencies, future market dynamics warrant close observation.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36391.603 | 48195.801 | 61127.353 | 72931.551 | 85863.103 | 97667.301 | 110598.853 |
| Fibonacci | 48195.801 | 57644.858 | 63482.495 | 72931.551 | 82380.608 | 88218.245 | 97667.301 |
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