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Bitcoin Cash Analysis: Fresh Rally Likely If BCH Clears $450

Bitcoin cash price started a strong increase above the $400 resistance against the US Dollar.The price surged towards the $500 resistance and settled well above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $420 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a fresh increase as long as it is above the $420 and $400 levels in the near term.Bitcoin cash price started a strong increase above $400 against...

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Banks Now Have Permission to Use Stable Coins for Payments

The Office of the Comptroller of the Currency (OCC) has published a new letter stating that banks are now permitted to utilize stable coins to perform what the letter refers to as “bank-permissible functions” including, but not limited to, payment activities.Stable Coins Are Headed for the TopIn other words, banks may now use and accept stable coins as means of payment, as can their customers. This is a huge step forward in what cryptocurrency was initially designed for; to be used as a...

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Altcoins to Watch: AAVE, XLM, BCH

The cryptocurrency market is still northbound as Bitcoin sets new ATH every other week.The year has started with new records, the total cryptocurrency market cap exceeded $1 trillion, with only 67.7% of the cap covered by Bitcoin. As Bitcoin dominance drops, yet the market cap increases, the so-called “altcoin-season” should be expected.For that being said, let’s take a look at some altcoins that are worth following these days.AavePhoto: Aave chart on TradingView.AAVE/USDT is following an...

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EOS Price Analysis: Gaining Bullish Momentum Above $3.20

EOS started a strong surge from well below the $2.800 zone against the US Dollar.The price is currently trading well above $3.200 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support at $2.950 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to be limited below $3.200 and $3.000.EOS price started a fresh rally above $3.000 and $3.200 against the US Dollar, similar to...

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Litecoin (LTC) Price Analysis: Bulls In Control above $160

Litecoin price started a fresh increase above $150 against the US Dollar.LTC price extended its rise towards the $175 level settled well above the 55 simple moving average (4-hours).There is a key rising channel forming with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher once it clears the $175 resistance zone in the near term.Litecoin price is following a bullish path above $150 against the US Dollar, similar to...

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Cryptocurrency Market Cap Hits $1 Trillion Milestone: There’s Still Much to Go

The situation in the cryptocurrency market is currently as exciting as it has ever been. Bitcoin is charting new highs daily, altcoins are also starting to see some notable gains, resulting in massive growth for the entire market.For the first time ever, the market did something that not a lot of people believed in back a few years ago – it reached a total capitalization of $1 trillion.The Four Comma ClubIt took some time, but the cryptocurrency market capitalization has finally hit the...

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Tron (TRX) Price Analysis: Holding Ground Above $0.0265

Tron price spiked above $0.3100, but it failed to accelerate higher against the US Dollar.TRX price is now trading above the $0.0280 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.0310 on the 4-hours chart (data feed via Bitfinex).The pair could either start a fresh increase towards $0.3100 or it might decline to $0.0250.TRON price is showing positive signs above $0.0280 and $0.0265 against the US Dollar, while bitcoin is...

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Bitcoin Skyrockets $2000 Surpassing $34K: New ATH Soon? (BTC Price Analysis)

Bitcoin witnessed a solid 8% price spike today, including a $2000 rally over the past few hours alone. While today’s low lies below $30K, the current high reached $34,300 (according to Bitstamp). Incredible.As can be seen on the 1-hour chart below, once Bitcoin breached the marked descending trend-line, the missile had launched. One 4-hour greenish candle spiked BTC from $32K straight to $34.3.The total crypto market cap surpassed $900 billion, the market is closing down on $1 trillion for...

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LTC/USD Analysis: There Is A Huge Upside Potential

Cryptocurrency market is once again heading north as the US Dollar Index plummets. The US Dollar index lost 0.32% today and nears the lowest level of last year’s December 31.By the time writing of this article the US Dollar index is at 89.568. As markets opened on January 4, there was a huge sell-off at the cryptocurrency market mainly caused by the hike of the S&P Volatility Index, panic in the market caused a drastic drop in prices of some cryptocurrencies, yet most of altcoins such as...

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Ethereum trotzt kleinem Markteinbruch

Der Markt gab gestern deutlich nach. Nicht nur Aktien verloren, sondern auch Bitcoin. Während der S&P500 ungefähr 100 Punkte einbüßte verlor der BTC in der Spitze etwa 20 Prozent. Davon unbeeindruckt stieg Ethereum weiter und nimmt nun sogar sein Allzeithoch in Angriff. Ethereum News: Ethereum trotzt kleinem MarkteinbruchSet dem Launch des ETH 2.0 geht es für Ethereum stetig aufwärts. Doch erst gestern folgte der große Durchbruch, als sich der ETH zwischenzeitlich vom Aktien- und dem...

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