Altcoins

ADA price started a strong decline from the $1.24 resistance against the US Dollar. The price is now trading below $1.10 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.00 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if there is a break below the $0.920 support. Cardano price is declining below $1.00 against the US Dollar, similar to bitcoin. ADA price could accelerate...

Ethereum price started a fresh decline from the $3,300 zone against the US Dollar. ETH price is now trading below $3,200 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $3,400 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down towards the $2,820 support zone in the near term. Ethereum price is gaining pace below $3,000 against the US Dollar. ETH/USD remains at a risk of...

CME Group in Chicago, one of the world’s largest derivative marketplaces, is working with CF Benchmarks, a leading provider of crypto benchmark indices, to unveil roughly 11 new crypto reference rates by April 25. CME Group Seeks to Permits Full Price Transparency The reference rates in question are not for tradable futures products. Instead, they will apply to a wide array of separate crypto networks such as bitcoin cash, Litecoin, Cosmos, Polygon, Solana, Stellar...

Stellar lumen price started a fresh decline from the $0.2400 resistance zone against the US Dollar. XLM price is now trading below $0.2120 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.2300 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the $0.1950 support. Stellar lumen price is trading in a bearish zone below $0.2120 against the US Dollar,...

Ripple price started a fresh decline from well above $0.8500 against the US dollar. The price is now trading below $0.80 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.7920 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend decline if there is a move below the $0.7320 support zone. Ripple price is struggling below $0.8000 against the US Dollar, similar to bitcoin. XRP...

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears...

The United Kingdom has announced it will soon be regulating stable coins and that it’s looking to broaden those regulations to include bitcoin and more standard versions of crypto in the future. The UK Is Planning to Regulate All Stable Coins Economic Secretary to the Treasury John Glen made the announcement in a recent speech at the Innovate Finance Global Summit. He commented: I can confirm that we will be legislating to bring certain stable coins into our payment...

Vor wenigen Jahren noch unbekannt, sind Kryptowährungen heute nicht mehr aus der Finanzwelt wegzudenken. Nachdem diese zunächst privat organisiert waren, wagen sich immer mehr Staaten an das Thema. Insbesondere Stablecoins der Zentralbanken sind hier interessant. Eine neue Studie des Beratungsunternehmens PwC nahm diese unter die Lupe. Die Schweiz landete dabei erstmals in den Top 10 bei den Wholesale CBDC. Die digitalen Währungen der Zentralbanken, die als Alternative oder Ergänzung zum...

Mikhail Mishustin – Russia’s Prime Minister – believes the Russian population collectively holds more than 10 trillion rubles ($130 billion) worth of cryptocurrencies. He assumed that most of those individuals were from the younger generations. 7% of Russians are HODLers Apart from being in the global spotlight due to its “special military operation” in Ukraine, Russia also often makes the headlines in the cryptocurrency space. The authorities of the largest country by...

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...