Altcoins

Despite retracing after the latest two-week high by several hundred dollars, bitcoin has remained above $50,000. Most altcoins are also slightly in the red following yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which is up by 50%. Bitcoin Maintains $50K Following a few consecutive weeks of consistent price drops, bitcoin finally initiated an impressive leg up yesterday, in which it broke above $50,000. Moreover, the cryptocurrency kept going upwards in...

Bitcoin cash price started a fresh increase above the $440 zone against the US Dollar. The price is now trading above the $450 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $435 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $460 for more gains in the near term. Bitcoin cash price is showing positive signs above $450 against the US Dollar, similar to...

Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if institutional adoption would lessen this apparent volatility. “I think volatility is coming down,” responded Novogratz. He recognizes how Bitcoin is relatively stable compared to...

EOS price started a decent recovery from the $3.00 zone against the US Dollar. The price is now trading just above $3.30 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $3.25 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a major increase if the bulls gain strength above the $3.45 and $3.50 levels. EOS price is showing positive signs above $3.20 against the US...

Litecoin price is facing resistance near the $160 zone against the US Dollar. LTC price is now trading above $155 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $160 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it breaks the $160 resistance zone. Litecoin price is consolidating below $160 against the US Dollar, similar to bitcoin. LTC price could...

Crypto prices are falling heavily at press time, with bitcoin – the world’s number one digital currency by market cap – dipping into the low $46,000 range. Bitcoin Is Having an End-of-Year Crisis The slide in crypto prices began a couple weeks ago, with many analysts blaming the new surge in COVID cases for the dip amongst digital currencies. Since last week alone, bitcoin has fallen by more than three percent, while other competing altcoins such as Ethereum have fallen...

Tron price started a fresh decline from the $0.0934 resistance against the US Dollar. TRX price is now trading below $0.0850 and near the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0820 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above the $0.0820 resistance. TRON price started a recovery wave from $0.0750 against the US Dollar, similar to...

Bitcoin price started a decent recovery from the $45,500 zone against the US Dollar. The price is now trading above $48,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $48,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could accelerate higher if it clears the $50,000 resistance zone. Bitcoin price is rising above $48,000 against the US Dollar. BTC might continue to...

ADA price started a fresh decline from the $1.30 resistance against the US Dollar. The price is now trading below $1.25 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.27 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if there is a clear break above the $1.25 and $1.28 levels. Cardano price is struggling below the $1.30 resistance against the US Dollar, unlike bitcoin....

Ethereum price started a fresh decline from the $4,080 resistance against the US Dollar. ETH price is now trading just above $3,900 and near the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $3,980 on the 4-hours chart (data feed from Coinbase). The pair could start a major increase if there is a clear break above $3,980 and $4,000. Ethereum price is recovering above $3,900 against the US Dollar. ETH/USD could...