Moomoo Launches Crypto Trading in Texas with Zero Commission

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 52 minutes ago

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Market Expansion: Moomoo launched its cryptocurrency trading services in Texas on May 22, allowing investors to trade 52 cryptocurrencies with zero commission and transaction fees as low as 0.49%, significantly enhancing its competitive edge in the U.S. market.
New Feature Launch: The newly introduced Direct Crypto Deposit and Withdraw feature enables users to transfer digital assets freely between their moomoo accounts and external Web3 wallets, enhancing investment flexibility and convenience for users.
Strategic Positioning: This expansion brings Moomoo's crypto services to four major U.S. states, further solidifying its position in the retail investment market, particularly in the significant Texas market.
User Incentive Program: To attract new users, Moomoo has launched a limited-time Bitcoin rewards program in Texas, aimed at increasing user engagement and enhancing the platform's market appeal.

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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 crypto.

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	69607.457	71948.528	74545.627	76886.698	79483.797	81824.868	84421.967
Fibonacci	71948.528	73834.909	75000.317	76886.698	78773.079	79938.487	81824.868

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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