Altcoins

ADA price is gaining pace above the $0.280 zone against the US Dollar. The price is now trading above $0.290 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.2980 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.300 and $0.305 resistance levels. Cardano price is rising above $0.290 against the US Dollar, like Bitcoin. ADA price could rally if there is a...

Ethereum price started a downside correction from the $1,865 resistance against the US Dollar. ETH price is now trading above $1,750 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $1,785 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,785 support zone. Ethereum price is declining below $1,820 against the US Dollar. ETH/USD remains at a risk of more...

The United Kingdom is set to implement new regulations allowing authorized financial firms to work with overseas stablecoins. The new regulatory framework will be supervised by the Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) with a focus on minimizing potential risks and ensuring customer protection. UK to Permit FCA Authorized Firms to Collaborate with Oversees Stablecoins According to the UK Stablecoins Regulation, the UK...

With Cardano and Dogecoin engaged in a tight battle, here’s a look into what each of these coins are up to in the near term. The altcoin space has been buzzing with activity over the past few weeks and currently, both Cardano (ADA) and Dogecoin (DOGE) have been engaged in a tight battle for the 8 spot in the top ten crypto list. Over the last week, both these altcoins have delivered over 10% gains, showing strength. Let’s take a look at how both these cryptocurrencies have been performing...

Stellar lumen price is attempting a fresh increase from the $0.1100 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1140 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1165 resistance zone. Stellar lumen price is trading above $0.1150 against the US Dollar, like...

XRP price started a downside correction below the $0.565 zone against the US dollar. The price is now trading above $0.540 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.565 resistance. XRP price is consolidating near $0.550 against the US Dollar, like Bitcoin. It must stay above the...

The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up 76.9% of North America’s crypto transaction volume, and activity is split between centralized exchanges and DeFi, it...

Although Taproot took some time to gain momentum, its use cases have continued to grow since integrating Bitcoin-based Ordinal inscriptions and its November 2021 implementation with Bitcoin. This article will delve deeper into the use cases for Taproot, focusing on Ordinal inscriptions and stablecoins built on Bitcoin, to better understand the innovative new features it brings to the table. Bitcoin-Based Ordinal Inscriptions Ordinal inscriptions present a groundbreaking...

Bitcoin’s price slipped under the $34,000 level but the bulls managed to intercept the move and the asset stands just north of it as of now. Several altcoins have outperformed the largest cryptocurrency, including Chainlink, Aptos, and Cardano. BTC Back Above $34K Bitcoin is at the end of one of its most favorable and positive trading weeks in a long time. It all began on Monday when BTC finally reclaimed decisively the $30,000 level. By the end of the day and on Tuesday...

TL;DR Shiba Inu’s price rose 12% over the past week but remains below its 2021 highs. Early Bitcoin adopter, Davinci Jeremie, endorsed SHIB on Twitter, prompting positive reactions in the crypto community. Jeremie had earlier accurately predicted Bitcoin’s growth potential, with BTC recently surpassing $35,000. Pinpointing at SHIB Ever since entering crypto’s ecosystem, memecoins have been intriguing for many investors and traders due to their enhanced volatility and...