Altcoins

The past seven days haven’t been particularly favorable for the cryptocurrency in terms of price action. Bitcoin dropped below $40K and is currently unable to reclaim the important psychological level, while many altcoins followed a similar, if not tougher, path. This time last week, BTC was trading at around $42,000, but this didn’t last long. The cryptocurrency began declining last Friday, and by Saturday, it was already trading below $40K. The beginning of the workweek...

EOS price started a fresh decline from the $2.90 resistance zone against the US Dollar. The price is now trading below $2.50 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2.32 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $2.35 resistance zone in the near term. EOS price is struggling below $2.50 against the US Dollar, similar to...

Litecoin started a fresh decline from the $115 zone against the US Dollar. LTC price is now trading below $105 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $102 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears $102 and $105 in the near term. Litecoin price is struggling below $105 against the US Dollar, similar to bitcoin. LTC price could...

The upper house of the National Congress of Brazil – the Federal Senate – reportedly approved the bill that could serve as a regulatory framework for the local cryptocurrency industry. The legislation needs to receive a green light from the Chamber of Deputies before becoming live. Senate Said ‘Yes’ The largest nation in South America is gradually moving towards establishing rules on its digital asset ecosystem. A local report reads that the Senate passed a bill to set up a...

Solana price extended decline below the $100 support against the US Dollar. The price is now trading below $100 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $98.20 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $100 and $102 to start a fresh increase in the near term. Solano price is struggling below $100 against the US Dollar, similar to bitcoin. SOL could decline...

Not long ago, Live Bitcoin News put out an article discussing the hacking of gaming network Axie Infinity, which ultimately resulted in more than $600 million in digital currency funds being stolen overnight. The incident is easily one to mar the crypto books and one of the biggest digital currency heists in history. Axie Infinity Was Allegedly Hit by Lazarus Since then, additional details have come about linking the incident to Lazarus, a notorious hacking group...

Amazon has emerged with some rather disappointing news for crypto fans. The company appears to have gone back and forth in time when it comes to accepting crypto payments, and now it looks like the company is not quite ready to move in that direction. Amazon Eliminates All Hope of Crypto Payments Amazon is one of the largest – if not the largest – retailer in the world. The online selling giant initially started out as a place to buy books, but now it seems like you can...

ADA price started a steady decline from the $1.00 resistance against the US Dollar. The price is now trading below $0.90 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.900 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to recover above the $0.900 resistance zone. Cardano price is declining below $0.90 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price started a fresh decline from the $3,180 zone against the US Dollar. ETH price is now trading near $3,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,050 on the 4-hours chart (data feed from Coinbase). The pair must clear $3,050 to start a fresh increase in the near term. Ethereum price is struggling below $3,050 against the US Dollar. ETH/USD remains at a risk of more downsides if it stays...

Stellar lumen price started a fresh decline from the $0.2100 resistance zone against the US Dollar. XLM price is now trading below $0.1850 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.1900 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the $0.1750 support. Stellar lumen price is trading in a bearish zone below $0.1900 against the US Dollar, similar...