Cryptocurrency mining is a modern tool for using excess electricity. This is stated in the clarification of the Ministry of Energy of Ukraine regarding the recent order of the acting Minister Olga Buslavets.
According to the agency, due to the Covid-19 pandemic, there is a surplus in electricity production in the country. Maintaining the system in its current form creates “conditions for corruption abuse, which citizens of Ukraine will have to pay for.”
“Cryptocurrency mining will not only allow us to maintain guaranteed loads at nuclear power plants, but it will also enable enterprises to attract additional funds. That is, it opens the way to a fundamentally new economy, new approaches, a new market system,” the report said.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin rose to the resistance level of $9,100 Now, it is $9,090. In the future, we predict an upward movement. The nearest resistance levels are $9,200, $9,450, $10,000. The nearest support levels are $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum rose to the resistance level of $210. Now, it is $208. In the future, we predict an upward movement. The nearest resistance levels are $210, $215, $225, $245. The nearest support levels are $205, $200, $198, $193, $189, $186, $183, $178, $174, $169, $166, $157, $161.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple grew to the resistance level of $0.2220. Now, it is $0.2190. In the future, we predict an upward movement. The nearest resistance levels are $0.22, $0.23, and $0.2350. The nearest support levels are $0.2150, $0.21, $0.2050, $0.19, $0.1820.
