Altcoins

Ripple price is facing resistance near the $0.465 level against the US dollar. The price is now trading above $0.420 and the 55 simple moving average (4-hours). There is a key rising channel forming with resistance near $0.4650 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a major increase above the $0.4800 resistance. Ripple price is correcting lower from $0.4920 against the US Dollar, similar bitcoin. XRP price must stay above...

The trading volumes have gone down during the weekend, resulting in BTC failing to produce any significant moves in either direction. The altcoins have also stalled on a daily scale, while XRP has emerged as one of the best performers for the past seven days. Bitcoin Boring at $27.5K A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break now. The asset exploded from under $20,000 to over $28,000 during the US...

Steve Bannon – a former advisor to President Donald Trump – and his $FJB digital currency are allegedly running into a few problems. Steve Bannon and $FJB Coin Aren’t Living Up to the Hype In 2021, the digital asset $FJB – which is short for “F*ck Joe Biden,” a chant that began not long after the current commander-in-chief botched America’s withdrawal from Afghanistan – rose through the ranks given the crypto space was enduring one of its most bullish periods ever and...

Bitcoin jumped above $29,000 yesterday to chart a new nine-month high, but that was short-lived and the asset retraced hard in the following hours. Most altcoins are deep in the red as well, with SOL, APT, LDO, OKB, and others dropping by over 5%. Bitcoin Fails at $29K The primary cryptocurrency’s climb had culminated at jumping to $28,800 mid-week ahead of the Federal Reserve’s decision on whether to continue to increase the interest rates. As many local banks struggled due...

Amid rising global inflation and fear of a worldwide banking crisis, the demand for risky assets, including Bitcoin, has significantly spiked in the recent past. Crypto exchanges have been outlawed in mainland China since 2017, while digital assets like Bitcoin were banned in 2021. However, mainland China residents are eager to participate in the global financial revolution by all means. According to a report by media outlet CNBC, some Binance employees have been showing mainland China...

Bitcoin cash started a decent increase above the $120 and $122 levels against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $129 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $129 and $130 to continue higher in the near term. Bitcoin cash price is consolidating above $120 against the US Dollar, similar to...

Telegram has added a new feature enabling users to send each other the world’s largest stablecoin, tether (USDT). USDT runs on several blockchains, but for now, Telegram has added support for the stablecoin only on Tron. According to an update on March 22nd, USDT-TRON – TRC20 – has been added to the popular messaging app’s wallet function, thereby expanding its payment capabilities for buying and selling crypto. USDT is the third crypto-asset joining Bitcoin and The Open...

The banking sector could potentially undergo a much-needed revamp, but until then, investors appear to be scrambling for a safety net. As the traditional financial world is rocked by the Credit Suisse chaos and the failure of a series of US banks, investors have flocked to the largest stablecoin, Tether (USDT). The turmoil has once again helped the controversial asset extend its lead. Tether Market Cap Silicon Valley Bank (SVB), Signature Bank, and Silvergate Capital, once...

EOS price started a downside correction from the $1.200 resistance against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.150 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $1.150 and $1.20 resistance levels. EOS price is declining from $1.200 against the US Dollar, similar...

Litecoin started a steady increase above $78 against the US Dollar. LTC price is now trading above $85 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $85 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $88 and $90 resistance levels. Litecoin price is showing positive signs above $85 against the US Dollar, similar to bitcoin. LTC...