Altcoins

Bitcoin cash price started a fresh decline from the $155 zone against the US Dollar. The price is now trading near the $135 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $140 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $136 and $132 support levels. Bitcoin cash price is declining from the $155 zone against the US Dollar, similar...

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EOS price started a downside correction from the $1.315 resistance against the US Dollar. The price is now trading above $1.18 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $1.24 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $1.145 support zone. EOS price is declining from $1.315 against the US Dollar, similar to bitcoin....

Litecoin started a fresh decline below the $100 zone against the US Dollar. LTC price is now trading below $100 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $96.90 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could struggle to clear the $97 and $100 resistance levels in the near term. Litecoin price is struggling below $100 against the US Dollar, similar to bitcoin. LTC price...

Calls for more transparency in the process of crypto regulation in the U.S. are mounting. The latest to join the trend is the Blockchain Association, with the spate of enforcement action continuing as the Securities and Exchange Commission ramps up its war on crypto. On Feb. 22, Blockchain Association CEO Kristin Smith told Bloomberg that the crackdown has been a “behind closed doors” operation targeting specific companies for certain circumstances. “What we really need is a...

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Solana price started a decent increase above the $22 resistance against the US Dollar. The price is now trading above $22 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $24.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $23.40 and $22.60 support levels to start another increase. Solana price is trading above $22 against the US Dollar, similar to bitcoin....

Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Reuters. The company earlier received a notice from New York authorities to cease minting BUSD. According to Reuters on Tuesday (Feb. 21, 2022), Charles Cascarilla, CEO of Paxos, sent an email to the firm’s employees on Feb. 18, informing them that the company is holding...