Altcoins

Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation. Bitcoin Ain’t Doing So Hot This, of course, means people can potentially look forward to further rate hikes, which have not done well for bitcoin. Every time rates go up, bitcoin’s price goes down along with the...

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Stellar lumen price started a fresh decline from the $0.132 resistance zone against the US Dollar. XLM price is now trading above $0.1160 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support at $0.1182 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1200 resistance zone. Stellar lumen price is trading below $0.1200 against the US Dollar, similar...

Ripple price started a strong increase above $0.450 resistance against the US dollar. The price is now trading above $0.4500 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.4710 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise again if it stays above the $0.4700 and $0.4500 support levels. Ripple price is correcting gains from $0.5580 against the US Dollar, unlike...

Not that long ago, the Central African Republic (CAR) – one of the poorest nations on the continent of Africa – announced that it was basically following in the footsteps of the Central American nation of El Salvador (also an extremely impoverished country) and that it was going to run its entire economy on digital currency. Initially, everyone thought this meant bitcoin, though the region eventually turned out its own digital asset called Sango Coin. The Central African...

The price of bitcoin seems stuck around the $19,000 level for the past few days, and the asset has remained there now as well. Most altcoins are also calmer on a 24-hour scale on Sunday, with Chainlink emerging as today’s top performer. Bitcoin Quiet at $19K Although bitcoin is quite stagnant now, this wasn’t the case earlier this week. The asset had jumped from $18,300 to $20,000 in a day ahead of the US Federal Reserve’s latest interest rate hike, but once the increase of...

XRP is the best-performing cryptocurrency in the past seven days, and it’s not even close. Trading at around $0.50, it’s up by more than 50%, leaving all other major altcoins in the dust. This has had the entire community speculating on possible reasons, so we take a look at two of them that might have caused the surge. The Ripple-SEC Case The case between the US Securities and Exchange Commission and Ripple is one that the entire industry is looking at, for the way it ends...

Bitcoin cash price started a fresh decline from the $125 zone against the US Dollar. The price is now trading above the $115 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $120 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a recovery wave if there is a clear move above the $120 and $125 levels. Bitcoin cash price is recovering from the $105 zone against the US...