Altcoins

Ethereum price started a fresh decline from the $1,700 zone against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,570 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,420 zone. Ethereum price is struggling below $1,600 against the US Dollar. ETH/USD remains at a risk of more...

Joshua Lim – Head of Derivatives at Genesis Trading – recently provided a breakdown of Bitcoin’s late underperformance against the rest of crypto.  He provided 2 metrics indicating that Bitcoin’s price is “heavy” relative to previous market cycles, followed by qualitative reasons for why this is the case.  Ethereum Outperforming Bitcoin Per a Twitter thread from Lim on Sunday, the first indicator of Bitcoin’s ‘heaviness’ is its performance against Ethereum. The ETH/BTC price...

Stellar lumen price started a fresh decline from the $0.115 resistance zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1070 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.100 and $0.0980 support levels. Stellar lumen price is trading below $0.1050 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3700 resistance against the US dollar. The price is now trading below $0.340 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.320 and $0.318 support levels. Ripple price is declining below $0.350 against the US Dollar, similar to...

Jeff Garzik, one of the biggest crypto pioneers out there, is starting a new company he’s calling Next Cypher Productions or NxC. He says the firm will be a new independent entertainment company that will focus purely on web3, crypto, non-fungible tokens (NFTs), and blockchain applications for the sake of creating fantasy and science fiction material. Jeff Garzik Is Fusing Entertainment with Crypto In an interview, Garzik commented: NxC is more than just a mere...

After yesterday’s price plunge towards and beneath $20,000, bitcoin has stalled and struggles to remain above that coveted line. The altcoins also suffered quite a bit at the start of the weekend, and most sit calmly now. Bitcoin Fights for $20K The previous week was particularly harmful to the primary cryptocurrency, which dumped by more than $4,000 in less than seven days to a monthly low of around $21,000. It spent most of this past week around that level, trading...

The International Monetary Fund (IMF) is concerned about the crypto space after the collapse of both Luna and Terra USD. The IMF Is Worried About Ongoing Crypto Use The latter was an algorithmic stable currency that lost its peg a few months ago. This resulted in not only the coin and its sister asset Luna collapsing completely, but investors ultimately losing billions of dollars overnight. The IMF said in a recent interview that this likely won’t be the only time...

After the recent stagnation, bitcoin finally began moving and dumped to a six-week low beneath $20,000. Most altcoins are deep in the red as well. Ethereum is down to $1,500, while SOL, ADA, and AVAX have declined by up to 8% in a day. Bitcoin Dipped Below $20K Last week was particularly harmful to the primary cryptocurrency, which dumped from $25,200 to $21,000 in a matter of days. Since that enhanced volatility, the asset calmed and spent most of the following days trading...

Crypto Market Overview Bitcoin’s dominance is steadily declining and now fell below 40%, now standing at 39.05%. This came as a result of Ethereum outperforming the top cryptocurrency by market cap due to its price increase before the long-awaited merge. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $24,095.98, while Ethereum, the second-largest cryptocurrency by market capitalization, has risen to $1,895.48, up 11.47% in...

Bitcoin cash price started a fresh increase from the $112 zone against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $133 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $133 and $135 to continue higher in the near term. Bitcoin cash price is climbing above $125 against the US Dollar, similar to bitcoin. BCH/USD...