Altcoins

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Stellar lumen price is facing a major resistance near the $0.085 zone against the US Dollar. XLM price is now trading above $0.078 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.0805 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.0845 and $0.085 resistance levels. Stellar lumen price is trading above $0.0800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading below $0.3850 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3750 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3840 resistance zone. Ripple price is struggling below $0.3840 against the US Dollar, similar to bitcoin. XRP price...

The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, somewhat expectedly, lots of investor losses. This year started on a positive note, but crypto has once again taken a serious hit – this time, the most apparent reason coming from outside players. All of this has harmed the performance of bitcoin and most altcoins, resulting in yet...

The past seven days turned into a bloodbath across the entire cryptocurrency market, which dropped below $1 trillion in terms of total capitalization. This happens for the first time since January 14th. The decline comes on the back of a lot of negative macroeconomic developments, so let’s unpack. First things first, Bitcoin’s price is trading around $20,000, albeit slightly below it at the time of this writing. The intraday low sits at $19,549 on Binance and BTC is down...

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Bitcoin cash price started a fresh decline from the $125 zone against the US Dollar. The price is now trading below the $120 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $116 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides might be limited above the $115 level. Bitcoin cash price is declining from the $125 zone against the US Dollar, similar...

Tron price started a fresh decline from the $0.0705 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0678 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0660 support zone. TRON price started a fresh decline below the $0.0680 against the US Dollar, similar bitcoin. TRX price could accelerate...

A new study by digital asset data provider Kaiko has found that Silvergate’s decision to shut down its instant payments network will likely boost stablecoin adoption among investors in crypto trading. Last week, Silvergate Capital announced the closure of its payments network, SEN, which crypto exchanges and investors used to move large amounts of U.S. dollars. The decision came after the crypto-friendly bank revealed in a regulatory filing that it could soon be “less than...