Altcoins

Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution. Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of...

Bitcoin continues its recovery attempts by touching $59,000, while most of the altcoins have remained stagnant since yesterday. Avalanche is once again the most significant gainer. AVAX charted a new all-time high (again) and is close to surpassing Dogecoin in terms of market cap. AVAX on a Roll Most altcoins plummeted in value in the past week or so and tried to bounce off yesterday. Ethereum, for example, went below $4,000 for the first time in over a month shortly after...

Following a few days of price nosedives, bitcoin finally bounced off and added more than $2,000 of value. Most altcoins are also well in the green, with Shiba Inu adding double-digit percentages and Avalanche registering a new ATH. Bitcoin Reclaims $58K The past several days didn’t go well for the primary cryptocurrency. Shortly after tapping $69,000 for its latest price peak, the asset headed straight down and lost $9,000 in days. This culminated in a drop to $60,000 on...

Bitcoin cash price started a major decline below $650 zone against the US Dollar. The price is now trading below the $600 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $615 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating losses there are chances of more downsides below $540 in the near term. Bitcoin cash price is showing bearish signs below $600 against the US...

The city of Miami, Florida says it will be one of the first regions in the world to offer “bitcoin yield” to its residents. Mayor Francis Suarez made the official announcement last week and said that crypto staked through Miami’s digital wallets will be used to benefit citizens. Miami Is Moving In a Revolutionary Direction Suarez has long worked to make Miami a major cryptocurrency and bitcoin hub. Not long ago, when several cryptocurrency miners were ungraciously kicked...

EOS price started a downside correction from the $5.50 resistance against the US Dollar. The price is now trading below $4.50 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $4.75 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could move down further if there is a downside break below the $4.10 support. EOS price is showing bearish signs below $4.50 against the US Dollar, similar to...

Litecoin price started a fresh decline from the $280 resistance against the US Dollar. LTC price is now trading below $250 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $255 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could extend losses if there is a break below the $220 support zone. Litecoin price is moving lower and trading below $240 against the US Dollar, similar to...

According to Wally Adeyemo – US Deputy Treasury Secretary – the American national currency will continue to be the world’s most dominant one despite the surging interest in bitcoin and the altcoins. Crypto Cannot Prevail Against The Dollar In an interview with CNBC, Adewale “Wally” Adeyemo – described the cryptocurrency industry as a controversial one, as it might be full of opportunities, but at the same time, it poses a lot of potential hurdles: “One of the things that we...

DeFi trading platform Injective Protocol is launching its mainnet after rolling out a $120 million incentive program for traders, market makers, and DeFi projects, the protocol announced this Tuesday. First DeFi Cross-Chain Derivatives Markets As per the press release, Injective Protocol is set to launch the world’s first DeFi derivatives markets using the IBC Oracle, the popular Cosmos-based third-party service that will provide access to external, off-chain data. For now,...

Changpeng Zhao (CZ), the CEO of the world’s biggest cryptocurrency exchange, Binance, has revealed that he has a personal stash of bitcoin in his investment portfolio. CZ Bought Bitcoin in 2014 Speaking in a recent interview with the Associated Press, CZ noted that although a significant percentage of his net worth is made up of his Binance Coin (BNB) holdings, he still has some BTC that he purchased a few years after Bitcoin’s launch. The Binance boss admitted that he had...