Altcoins

The Russian government and the Central Bank of Iran are reportedly mulling a partnership to create a new stablecoin that can facilitate cross-border settlements. The token will be pegged to the valuation of gold. The Mutual Operation According to a report by the Russian media outlet Vedomosti, the local authorities could collaborate with Iran’s central bank to launch a new crypto asset called “the token of the Persian Gulf region.” Assuming it sees the light of day, it will...

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Stellar lumen price started a fresh increase above the $0.080 resistance zone against the US Dollar. XLM price is now trading above $0.080 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.086 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.0860 and $0.0850 support levels. Stellar lumen price is trading above $0.0850 against the US Dollar, similar to bitcoin....

Ripple price is moving higher above the $0.38 level against the US dollar. The price is now trading above $0.380 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.4080 resistance zone in the near term. Ripple price is rising steadily above $0.380 against the US Dollar, unlike bitcoin....

Bitcoin’s dominance has recovered more than 2% in the past week or so and tapped a multi-month high as the asset maintains above $20,000. This comes even though the altcoins experienced notable gains yesterday, but many have retraced hard today. BTC Dominance Above 41% Ever since bitcoin finally broke above $17,000 at the start of this week, the landscape around the asset has seemed significantly more bullish than it was at the end of 2022. The past few days saw gains that...

Two weeks into the year, and crypto markets are rebounding. The Bitcoin and Ether price are each up some 20% on the seven-day chart. But a recent study of altcoins aims to give crypto investors pause before they go trading the rally. When the market makes a move like this, crypto traders often shuffle. They make trades to scoop profits, make hedges, or take long positions in the coin they think will gain the most next. This can result in an increase in volatility in crypto...

The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...