Altcoins

The crypto market has seen renewed momentum this past week, with Avalanche’s AVAX token surging over 13%. This has come as several other altcoins also posted gains, marking a clear shift in investor sentiment. Traders are now looking for the next big mover in the market – with all eyes on Meme Kombat (MK) as a gaming token that could be set for a fruitful end to 2023. AVAX Bucks Bearish Trend with Strong Price Momentum While major coins like Bitcoin and Ethereum have slumped,...

With the global cryptocurrency market struggling with the bears seemingly in control, stablecoins are also facing a tough time. Over the past 18 months, the stablecoin market capitalization has experienced a consecutive decline in valuation, Binance’s research division revealed. Stablecoin Market Cap Drops to $123.8B Citing on-chain analysis on the blockchain price tracking platform DeFiLlama, Binance Research explained that the past month saw an adverse record, setting the...

Bitcoin cash price started a fresh decline below the $240 zone against the US Dollar. The price is now trading below the $235 zone and the 55 simple moving average (4 hours). There was a break below a key rising channel with support 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 $242 zone against the US Dollar,...

EOS price started a downside correction from the $0.620 zone against the US Dollar. The price is now trading below $0.600 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.572 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.586 and $0.600 resistance levels. EOS price is declining below $0.600 against the US Dollar, like Bitcoin....

Litecoin is slowly moving higher from the $63.00 support against the US Dollar. LTC price is now trading below $65.50 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $65.00 and $65.50 resistance levels. Litecoin price is recovering from the $63.00 zone against the US Dollar, like...

This ruling marked a crucial victory for Ripple, instantly boosting XRP’s price by almost 5%. When Ripple achieved its first victory, although a partial one, in July, the price of XRP spiked from $0.46 to $0.93 in just 10 hours, a stunning 100%+ increase. A federal judge in the United States, Analisa Torres, rejected the US Securities and Exchange Commission’s (SEC) appeal in a significant legal battle against Ripple, the company associated with the XRP token. The judge dismissed the SEC’s...

Tron price started a fresh increase above the $0.0865 level against the US Dollar. TRX price is now trading above $0.0880 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0875 on the 4-hour chart (data feed via Kraken). The pair could continue to rise if it clears the $0.092 resistance zone. TRON price started a fresh increase above $0.0880 against the US Dollar, outpacing Bitcoin. TRX’s price could rise...

The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins. After a strong start to October and Q4 2023, Bitcoin (BTC) price has dropped by 3% in the last 24 hours moving under $28,000. This happened amid some profit-taking as well as the global macro setup and the rising bond yield. Cryptocurrency markets experienced a Monday rally driven by optimism surrounding ETFs, which traders hoped would inject fresh...

Lawyers representing the investors submitted a notice of voluntary dismissal of the lawsuit against Terraform Labs and Do Kwon in the United States District Court for the Northern District of California. The class-action lawsuits against Terraform Labs and its co-founder Do Kwon alleging fraud, were abruptly withdrawn, leaving the reasons undisclosed. Terraform Labs, renowned for its Terra stablecoin, started operations in 2018. However, a sudden crash in May 2022 occurred when the Terra...

ADA price is correcting gains from the $0.270 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.256 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.265 and $0.270 resistance levels. Cardano’s price is rising above $0.255 against the US Dollar, similar to Bitcoin. ADA price could resume...