Altcoins

ADA price is still struggling to clear the $0.40 zone against the US Dollar. The price is now trading above $0.370 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.374 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.395 and $0.400 resistance levels. Cardano’s price is rising above $0.350 against the US Dollar, like Bitcoin. ADA price could resume its...

Ethereum price is eyeing an upside break above the $2,050 resistance against the US Dollar. ETH price is now trading above $2,000 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $2,050 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,920 support zone. Ethereum price is consolidating above the $1,950 level against the US Dollar. ETH/USD could rise again...

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in their own market.  According to Tether, it traced the frozen funds to an international human trafficking ring in Southeast Asia. This move followed a collaboration...

The price of Worldcoin has fallen over the last 24 hours as new of Sam Altman’s problems and ousting continue to spread. The price of Worldcoin (WLD) reacted to the news in the artificial intelligence (AI) industry, especially as it relates to OpenAI. WLD, the native token of the Worldcoin project, co-founded by Altman, climbed more than 9% over the last 24 hours, and traded at $2.55, according to data from CoinGecko. Data also showed that it rose more than 31% over the past week....

Stellar lumen price is attempting a fresh increase from the $0.1132 zone against the US Dollar. XLM price is now trading near $0.1200 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.1195 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1240 resistance zone. Stellar lumen price is trading above $0.1195 against the US Dollar,...

XRP price started a fresh decline below the $0.658 zone against the US dollar. The price is now trading below $0.650 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.625 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.585 support zone. XRP price is struggling below $0.650 against the US Dollar, unlike Bitcoin. The price could decline...

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements,...

The broader cryptocurrency market took a turn for the worse throughout the past seven days as the majority of coins are trading in the red. This comes after weeks’ worth of increases in what seems to be an expected correction. Bitcoin’s price is trading at a 3% loss, tumbling toward $36K at the time of this writing. The leading cryptocurrency was unable to keep up the bullish momentum. It soared toward $38K on Thursday, but it retraced almost as quickly as it skyrocketed. All...

As part of the Stage 2 testnet launch, operators can now register to the network and commence validation for the first App-Verified State (AVS) – EigenDA. EigenLayer, a leading blockchain protocol, has officially launched the Goerli testnet for EigenDA, signaling a significant advancement in its development journey toward the complete EigenLayer vision. The release of Stage 2 follows the successful introduction of restaking on the mainnet Ethereum in June, which saw a robust response from...

Bitcoin cash price started a fresh decline from the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $242 resistance zone. Bitcoin cash price is struggling below the $240 zone against the US Dollar,...