Altcoins

Litecoin started a downside correction from the $68.25 zone against the US Dollar. LTC price is now trading above $62 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $64.85 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $65.80 resistance. Litecoin price is correcting gains from $68.25 against the US Dollar, similar to Bitcoin....

The native token of Ripple – XRP – has topped another recent ranking by becoming the most traded alternative coin on US-available cryptocurrency exchanges this year. The asset and its surrounding developments have been among the trendiest topics in the crypto community lately, possibly playing a role in the increased trading volume.  Leaving DOGE and SHIB Behind According to Kaiko’s analyst Dessislava Ianeva, cumulative trade volume in 2023 involving XRP has soared to $30...

After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that Paypal USD (PYUSD) is now available to Venmo users for transacting with peers. Initially available to “select users,” access will expand to all Venmo users in the coming weeks, according to the company’s announcement. Venmo, a mobile payments app owned by PayPal, will allow users to buy and send PYUSD to other Venmo users and PayPal wallets. PayPal touts free stablecoin transfers between...

The price of Bitcoin is still above $27k as investors and stakeholders await monetary policy announcements from regulators worldwide. The price of Bitcoin stayed above $27,000 on Wednesday as most of the largest cryptocurrencies remained barely changed for the most part. The crypto market is likely reacting to investors holding out for official monetary policy announcements from central banks around the world. Earlier, BTC was unable to scale its 50-day moving average as it met with stiff...

Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique Approach In its previous attempt to launch a crypto ETF, Grayscale filed under the Investment Company Act of 1940. This filing,...

Tron price started a fresh increase above the $0.080 level against the US Dollar. TRX price is now trading above $0.0830 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0842 on the 4-hour chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.085 resistance zone. TRON price started a fresh increase above $0.0820 against the US Dollar, outpacing Bitcoin. TRX’s price could...

Elon Musk – the South African billionaire behind successful companies like Tesla and SpaceX – has some huge plans for Twitter, which he’s recently renamed “X.” He wants to make the social media platform the ultimate financial giant by allegedly building a crypto and stock trading platform within its walls. Elon Musk is Potentially Turning X into a Financial Powerhouse The news comes after documents were leaked suggesting Musk received financial data from anonymous...

ADA price is attempting a fresh increase above the $0.250 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.2515 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.2555 and $0.2600 levels. Cardano price is holding the $0.250 support against the US Dollar, like Bitcoin. ADA price...

Ethereum price is moving higher above the $1,600 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,625 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is rising above the $1,600 level against the US Dollar. ETH/USD could rise further if it clears the...

In pursuit of this mission, Swisstronik has recently unveiled two groundbreaking milestones. The startup closed a seed funding round, amassing an impressive $5 million. The second pivotal development by Swisstronik is the initiation of a private token sale, targeting early adopters. Swisstronik, a Web3 compliance startup based in Switzerland, is making significant waves in the blockchain industry. What truly sets the company apart is its steadfast dedication to addressing one of the most...