Altcoins

Ripple price started a fresh decline from the $1.12 resistance against the US dollar. The price is now trading below $1.00 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 of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is a clear break below $0.92. Ripple price is showing bearish signs below $1.00 against the US Dollar, unlike bitcoin. XRP...

This may be good news or bad news – depending on how you take it. A small-cap cryptocurrency surged 716% over the weekend… following the WHO’s naming of the most dangerous strain of COVD-19 after it. Omicron Shows Why Names Matter Omicron (OMIC), a cryptocurrency that defines itself as a decentralized reserve currency protocol available on the Arbitrum Network, started giving joy to its hodlers around noon on November 27, when it broke through resistance near $70 and rose to...

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...

The prominent TV personality  – Kevin O’Leary – said he would not invest in cryptocurrencies before consulting with regulators first. To him, the space lacks clarity, and watchdogs are the ones to say “what is possible and what isn’t.” The celebrity investor added he is keen on the following blockchain projects: Solana (SOL), Polygon (MATIC), and Hedera (HBAR), hinting they could “win long term.” Not Like a ‘Crypto Cowboy’ Kevin O’Leary – also known as Mr. Wonderful as one of...

It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday, the price wicked from $57K to upwards of $59k, only to get rejected almost immediately and drop to below $56K. From there, it started consolidating and...

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

Bitcoin cash price started a fresh increase above the $600 zone against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $600 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $650 for a sustained move higher towards $750. Bitcoin cash price is showing positive signs above $600 against the US Dollar,...

EOS price started a fresh decline from the $5.00 resistance against the US Dollar. The price is now trading below $4.40 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $4.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a major increase if there is a clear break above the $4.30 resistance. EOS price is showing bearish signs below $4.30 against the US Dollar, similar to...

Litecoin price extended its decline below the $232 support against the US Dollar. LTC price is now trading below $232 and the 55 simple moving average (4-hours). There is a major bearish trend line is forming with resistance near $235 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could face a strong selling interest near the $235 and $240 levels in the near term. Litecoin price is consolidating above $200 against the US Dollar, similar to...

Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the hour, a failure to roll out one will prompt the watchdogs to step in. The head of the US Senate Banking Committee has called upon stablecoin issuers and platforms to disclose their process. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee,...