Altcoins

Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and...

Bitcoin cash price declined heavily and it even tested the $470 level against the US Dollar. The price is now trading just above $700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $750 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating and it might attempt an upside break above $800 and $850. Bitcoin cash price is recovering losses from $500 against the US...

With bitcoin continuing to slip into oblivion, it is no wonder why so many financial analysts and firms seem to believe that the world’s number one digital currency by market cap is going to get overtaken in the coming weeks and months, and according to a new report from monetary powerhouse Goldman Sachs, executives firmly believe that Ethereum may be on the verge of being king of the crypto space. Goldman Sachs Seems to Think ETH Will Come Out on Top Earlier in the...

EOS declined heavily below $10.00 and $8.00 support levels against the US Dollar. The price is currently trading near the $6.50 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $6.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $6.50 and $7.00 to start a strong increase in the near term. EOS price is correcting losses from $4.00 against the US Dollar, similar to...

Litecoin price remains in a bearish zone below $220 and $200 against the US Dollar. LTC price is now trading below the $200 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $210 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate lower as long as it is below $200 and $220. Litecoin price is struggling to clear the $200 barrier against the US Dollar,...

The amount of stablecoins on exchanges has surpassed the number of bitcoins. Combined with the entire crypto sentiment and the enhanced BTC withdrawals from trading platforms, the price of the underlying asset could be primed for a boost. Stablecoins Ratio MACD Suggests a Leg Up for BTC According to data from the crypto analytics resource CryptoQuant, the Stalebcoins Ratio MACD indicator has gone into a more bullish state for bitcoin. The metric follows the amount of BTC...

XinFin is a hybrid blockchain platform and interoperable smart chain contract with minimal fees and less than 2-seconds transaction confirmation.Ethereum being the first and original smart contract blockchain, as well as the leading altcoin following Bitcoin among crypto space, developers are frustrated with the transaction speed. Though Ethereum is one of the leading altcoins, the additional flood in gas fees and slower transactions make users jump for alternate solutions.Additionally, the...

Tron price extended its decline below the $0.1000 and $0.0900 support levels against the US Dollar. TRX price is now trading well below $0.1000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0900 on the 4-hours chart (data feed via Bitfinex). The pair is likely to face a strong selling interest near the $0.0900 and $0.0920 levels. TRON price is showing negative signs below $0.1000 against the US Dollar,...

Up to this point, the hidden narrative is that central banks are somehow threatened by bitcoin… That they are fearful of it, and that they will do all in their power to somehow keep it from spreading or reaching the top of the financial ladder. However, according to Huw van Steenis – a former top advisor to the Bank of England – this is not quite true. Huw vann Steenis: We’ve Got the Wrong Idea About Crypto and Banks Huw van Steenis presently works as a senior advisor to...

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...