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Bitcoin Back to Winning Ways, Soars Above $50,000 after Major Correction

The value of 1 Bitcoin went back above the $50,000 psychological level after Jack Dorsey’s Square revealed that they had purchased 3,318 BTC for $170 million at an average price of $51,236 per coin.Bitcoin (BTC), the world’s first and biggest cryptocurrency by market capitalization, has entered correction and is back on its feet after climbing above the $50,000 resistance level. The revival in the price of the digital asset follows a major correction the coin carried over from the weekend...

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Altcoins To Watch: LTC, KAVA, WAN

Cryptocurrency market looks very optimistic amid statements from the FED Chair Mr. Powell on the development of the Digital Dollar. After yet another Red day experienced on Monday, February 22, Bitcoin and altcoins seem to retrace from their new dips and recover losses.While some leave the market with a pessimistic pulsebeat, others find new opportunities and claim that the crash was normal and the World should buckle up for the new bullish cycle. As the bullish cycle is already knocking on...

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Tron (TRX) Price Analysis: Key Breakout Zone Sits At $0.051

Tron price started a strong decline and traded below the key $0.0500 support against the US Dollar. TRX price is now recovering from $0.0380, but it is still well below the 55 simple moving average (4-hours). There was a break below a key contracting triangle forming with support near $0.0560 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh increase if it clears the $0.0510 resistance zone in the near term. TRON price is correcting losses above...

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Cardano (ADA) Price Analysis: Why Dips Remain Attractive Below $1

ADA price extended its rally and it even surged above the $1.00 resistance against the US Dollar.The price is trading nicely above the $0.9500 support and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.9550 on the 4-hours chart (data feed via Bitfinex).The price is likely to continue higher above the $1.05 unless there is a close below $0.9500.Cardano price is trading in a strong uptrend above $0.9500 against the US Dollar, similar to...

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Ethereum Price Analysis: ETH Starts Major Downside Correction

Ethereum price traded to a new all-time high at $2,043 before correcting lower against the US Dollar.ETH price is currently trading well below $1,750 and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue lower towards the $1,640 and $1,600 levels in the near term.Ethereum price is correcting gains from well above $2,000 against the US Dollar. ETH/USD...

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Christie’s Auction House Says “Yes” to ETH Payments for Art Pieces

Who would have ever thought that the world of blockchain technology and the world of art would ever collide? The past few years have shown that digital artists can, indeed, make a nice living with blockchain’s help, and now Christie’s Auction House is looking to get in on the action.Christie’s Auction House Views ETH with PositivityThe company has recently stated that all art pieces put up for sale or auction in the future can be paid for with Ethereum, the second-largest cryptocurrency by...

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$1.5 Billion Liquidated as Bitcoin Price Plunges $5000 In Hours

The cryptocurrency market went through a correction today as the total capitalization saw about $90 billion wiped off in a matter of hours. This happened as Bitcoin lost around $5000 of its value while the majority of the altcoins followed through with sizeable losses on their own.The cryptocurrency market was due to a correction, according to many analysts, and it appears that one may have just taken place.Bitcoin lost around $5,000 of its value in a matter of hours, bringing the entire...

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Stellar Lumen (XLM) Price Could Correct To $0.40, Upsides Capped

Stellar lumen price failed to settle above $0.5500 and corrected lower against the US Dollar.XLM price is now trading well below $0.5200 and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $0.5000 on the 4-hours chart (data feed via Kraken).The pair could continue to move down towards the $0.4400 and $0.4200 support levels.Stellar lumen price is correcting gains below $0.5000 against the US Dollar, while bitcoin remains strong. XLM...

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Ripple Price Analysis: Risk of More Losses Towards $0.46

Ripple price failed to extend gains above the $0.5800 resistance level against the US dollar.The price is now trading well below the $0.5500 zone and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.5550 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue lower towards the main $0.4650 support zone in the near term.Ripple price is struggling to settle above $0.5200 against the US Dollar. XRP...

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Ethereum Reaches New Price Peak, Leading to Further Interest from Nvidia

Bitcoin may be hogging all the spotlight as of late, but we cannot discount some of the smaller competing altcoins that also call the crypto space home. One of those altcoins is Ethereum, the second-largest cryptocurrency by market cap and the number one competitor to bitcoin. At the time of writing, Ethereum has hit a new all-time high of more than $1,900 per unit, and the asset appears to be on a serious roll.Ethereum Has Surged Like No Other CoinBitcoin doing well is typically good news...

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