Altcoins

After a 24-hour hiatus below the coveted $50,000 mark, bitcoin has bounced off and reclaimed it. Most altcoins are also slightly in the green, while Cardano and Polkadot have stolen the show with impressive 8% gains on a daily scale. Bitcoin Reclaims $50K It was just several days ago – before Christmas – when the primary cryptocurrency struggled at $48,000 after unsuccessful attempts to overcome $50,000. The landscape changed at that point when the bulls initiated an...

Stellar lumen price is attempting a fresh increase from the $0.2500 zone against the US Dollar. XLM price is now trading above $0.2800 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $0.2930 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.3000. Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to...

Ripple price started a fresh increase above the $0.800 zone against the US dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.9320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above the $0.950 resistance. Ripple price is gaining pace above $0.900 against the US Dollar, like...

After nearing $52,000 earlier this weekend, bitcoin has lost some ground but still stands around the coveted $50,000 mark. The altcoins are untypically calm, with ETH close to $4,000. In contrast, MATIC is up by more than 6% on a daily scale. Bitcoin Down to $50K Just days before Christmas, the primary cryptocurrency had dropped to $48,000 after failing to overcome $50,000. However, the bulls came to play at this point and pushed the asset north. In the following hours,...

One of the leading altcoin exchanges in the Chinese region – MEXC Global, formerly known as MXC, revealed that it will be retiring Chinese users’ accounts by the end of December 2021. In a detailed Twitter thread, one of the leading Chinese altcoins exchanges, MEXC Global, which was previously called MXC, announced that it will be retiring the accounts of Chinese accounts by the end of December. The move comes as a response to the fact that the exchange has struck...

Despite retracing after the latest two-week high by several hundred dollars, bitcoin has remained above $50,000. Most altcoins are also slightly in the red following yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which is up by 50%. Bitcoin Maintains $50K Following a few consecutive weeks of consistent price drops, bitcoin finally initiated an impressive leg up yesterday, in which it broke above $50,000. Moreover, the cryptocurrency kept going upwards in...

Bitcoin cash price started a fresh increase above the $440 zone against the US Dollar. The price is now trading above the $450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $435 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $460 for more gains in the near term. Bitcoin cash price is showing positive signs above $450 against the US Dollar, similar to...

Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if institutional adoption would lessen this apparent volatility. “I think volatility is coming down,” responded Novogratz. He recognizes how Bitcoin is relatively stable compared to...

EOS price started a decent recovery from the $3.00 zone against the US Dollar. The price is now trading just above $3.30 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $3.25 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a major increase if the bulls gain strength above the $3.45 and $3.50 levels. EOS price is showing positive signs above $3.20 against the US...

Litecoin price is facing resistance near the $160 zone against the US Dollar. LTC price is now trading above $155 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $160 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it breaks the $160 resistance zone. Litecoin price is consolidating below $160 against the US Dollar, similar to bitcoin. LTC price could...