If you want to find out the latest events that transpired in the past week in the world of crypto, but can’t be bothered looking on all the news sites, here is our weekly news summary: India Lifts Crypto Ban, Local Exchanges Resume Activity The Supreme Court of India has lifted the crypto ban that...Read More
This week has been somewhat positive for the cryptocurrency community. Starting with Bitcoin’s price, which began trading at $8,600 but, since then, it has risen to the current stance of above $9,000. Following its increase, Bitcoin is starting to escape the correlation it recently demonstrated with the traditional financial world markets. As the coronavirus outbreak...Read More
Bitcoin (BTC) Bitcoin price managed to increase by a total of 5.58% over the past 7-days of trading after rebounding from the support at $8,550 provided by the downside 1.618 Fibonacci Extension level. After bouncing, the cryptocurrency managed to travel higher as it broke the $9,000 level in yesterday’s session to reach $9,150 today. From...Read More
Ethereum saw a further 3% price increase over the past 24 hours of trading as it heads toward $240, but still far from the 2020 high of $280 reached two weeks ago. Against Bitcoin, Ethereum rebounded above the 0.025 BTC, currently heading towards resistance at 0.026 BTC. Key Support & Resistance Levels ETH/USD: Support: $230,...Read More
A group of angry victims of insolvent Chinese cryptocurrency exchange, FCoin, has reportedly gone after the family members of CEO Zhang Jian to get refunds for their missing funds, according to local reports. FCoin Users Not Impressed Some of the affected users had formed several Rights activist groups since the CEO first announced that they...Read More
With Ethereum (ETH) price consolidating over the last couple of weeks, top holders of the second largest cryptocurrency have been filling their bags with more coins, according to new data from Santiment, an on-chain metrics provider. According to the report, the largest 100 Ether wallet addresses have started accumulating higher percentages of the token’s total...Read More
The situation between TRON and Steem continues to raise controversy in the cryptocurrency community. The famous crypto proponent John McAfee recently shared his opinion on the matter, saying that Justin Sun is trying “to collect water with a sieve.” McAfee: Communities Cannot Be Purchased The former anti-virus software tycoon, John McAfee, has been a regular...Read More
Tezos increased by a substantial 15% over the past 24 hours of trading, as XTZ cryptocurrency hit $3.30. The coin found support at the 0.5 Fib Retracement level and then rebounded by around 30% over the past four days. Tezos’ current 2020 high against bitcoin is at 0.0004073 (Binance). Tezos is the top 10 crypto...Read More
Tezos increased by a substantial 15% over the past 24 hours of trading, as XTZ cryptocurrency hit $3.30. The coin found support at the 0.5 Fib Retracement level and then rebounded by around 30% over the past four days. Tezos’ current 2020 high against bitcoin is at 0.0004073 (Binance). Tezos is the top 10 crypto...Read More
A day after the Indian Supreme Court removed the ban on cryptocurrency usage, the interest in the country has been spiking. While the nation prepares for the following steps, the leading Indian cryptocurrency projects, such as Matic Network and WazirX, are already feeling the positive effects. Removes The Negative Sentiment Amongst The Average Indian The...Read More
Over the past days, we see a positive correlation between Wall Street and Bitcoin. Just a few hours after Wall Street closed its trading day in decent 3-4% gains across all major indexes, the primary cryptocurrency had gone through the same increase. As of writing these lines, Bitcoin price had reached a daily high of...Read More
Following recent price volatility, Chainlink (LINK) facing tough resistance around $4.9. While Bitcoin remains steady, the price of Chainlink has continued to surge over the past days. The bullish sentiment may end soon if Link doesn’t break above $5 LINK-USD: Trapped In a Key Resistance Area Key Resistance Levels: $4.9 – $5, $5.5 Key Support...Read More
Starting tomorrow, March 5th, the popular U.S. cryptocurrency exchange Kraken will be adding Tron’s native currency – TRX. The platform will initially provide four trading pairs, and trading will begin shortly after enabling deposits and withdrawals. Kraken Adds TRX The U.S.-based cryptocurrency exchange announced the news earlier today. At approximately 14:30 UTC on March 5th,...Read More
After overheating for months to pie-in-the-sky valuations, the stock markets are finally cooling down. Coronavirus may have been the catalyst, but market analysts worth their salt knew the correction was looming. The Buffett Indicator (the total market cap of the US stock market divided by US GDP) has surpassed the pre-Great Recession and pre-Dot Com...Read More
The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent report indicated that Facebook and its Libra partners are considering redesigning the acceptance of multiple currencies once the project is launched. New Plans For Libra When announced in June 2019, Libra attracted...Read More
XRP continues to maintain the $0.227 support as it recently made attempts to break $0.24. The cryptocurrency has lost a total of 15% over the past two weeks of trading but is doing well to remain above the $0.227 support. Against Bitcoin, XRP is struggling to break resistance at 2700 SATs. Key Support & Resistance...Read More
Despite the raging volatility of the global markets due to the coronavirus, Bitcoin is acting as a stable coin, and over the past week, we had seen it trading between $8500 and $9000, which is roughly a 5.6% price range. Since the previous analysis from two days ago, Bitcoin had broken above our marked triangle...Read More
Following a six-day sideways movement, Tezos now trades around $2.75 against US Dollar with 1.32% losses over the past hours. Tezos maintain the 10th best-performing cryptocurrency in terms of market cap. XTZ could resume the mid-term bullish trend if it can overcome immediate resistance levels across trading pairs. XTZ/USD: Tezos Keeping Sideways Trend After Two-Week...Read More
Ethereum rebounded by 3% from support provided by a rising trend line. The cryptocurrency had dropped by a total of 15% over the last week before the recent bounce. Against Bitcoin, Ethereum managed to remain above 0.025 BTC but is struggling at 0.026 BTC. Key Support & Resistance Levels ETH/USD: Support: $220, $215, $205. Resistance:$230,...Read More
Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week. Miners Are Bullish On Bitcoin Data on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since...Read More
Chainlink saw a lot of buying pressure over the past five days following a nice recovery from the critical support level. The LINK/USD pair is attempting to break out from a symmetrical triangle with a bullish head-and-shoulder pattern. A new bullish swing may start at 0.00045BTC level if buyers show strong commitment. LINK/USD: Chainlink Looking...Read More
After last week’s plunge of over $1,500, Bitcoin rattled its 2020 positive run. The question remained if the $8,500 critical support level could hold the downfall, and, so far, it has. The largest cryptocurrency dipped below it to $8,440, but it managed to recover quickly. At the time of this writing, Bitcoin is trading at...Read More
All financial markets went through a severe downfall last week. The most popular indexes – S&P 500, the Dow Jones, Nasdaq, etc. – dropped with more than 10% in what history says it’s one of the worst trading weeks ever. In times of uncertainty, investors generally turn to safer options. Gold is considered to be...Read More
XRP has found some solid support at $0.227 which is preventing an extended bearish trend from forming The cryptocurrency lost a total of 16% over the past 7-days before reaching the aforementioned support Against Bitcoin, XRP is holding strong as it remains above the 2600 SAT level Key Support & Resistance Levels XRP/USD: Support: $0.227,...Read More
Since our previous price analysis two days ago, we saw Bitcoin trading under a tight range between $8500 from below and $8700 from above – which is the 200-days moving average line. As been mentioned in our recent price analysis, the $8500 is considered a critical support area. So far, this support holds nicely over...Read More
A recent report claims that criminals primarily use cryptocurrencies for money-laundering in Latin America. Most countries in the region lack serious security measures leading to exuberant thefts executed by organized criminal groups. LATAM’s Dark Side Compiled by the cyber intelligence company IntSights, the report went in-depth on Latin America’s involvement with illegal financial activities. More...Read More
Etheruem is attempting to rebound from support at $220 as the previous price decline stalls. The cryptocurrency is supported by the .5 Fib Retracement at $220. Against Bitcoin, Ethereum bounced higher after reaching the 0.025 BTC support. Key Support & Resistance Levels ETH/USD: Support: $220, $210, $205. Resistance: $225, $240, $250. ETH/BTC: Support: 0.0256 BTC,...Read More
Blockchain and cryptocurrencies expanded their presence and usage in 2019, says JP Morgan. The giant American multinational investment bank filed a comprehensive report regarding the performance of the technology and digital assets in 2019. Bitcoin Adoption Two years after the bank’s CEO, Jamie Dimon regretted calling Bitcoin a “fraud,” JPM issued a 74-page document that...Read More
If you are looking for the most relevant events from the crypto and blockchain world, then continue reading or compilation of news from our Weekly Digest series. Revolut to Enter the US Crypto market London based Revolut is one of the most popular mobile banking apps in the world. While its main clientele is centered...Read More
Bitcoin lost a serious chunk of its Dollar value this week. Down about 12% over the past seven days, the cryptocurrency is currently trading at around $8,700. It’s essential to see where it goes from here. From above, there’s the 200-days moving average at $8,800, which has now turned to resistance. Bitcoin hasn’t closed a...Read More
