Altcoins

Not too long ago, AMC announced that it was going to allow crypto fans to purchase concession items and tickets with bitcoin. Now, it looks like the company is adding several additional digital currencies to its list of accepted payment methods hoping this will potentially attract more movie goers. AMC Says “Yes” To ETH, BCH, LTC No doubt theatre chains have taken serious hits over the past year and a half following the coronavirus pandemic. Theatres require people to...

EOS price extended its decline and traded below $4.00 against the US Dollar. The price is now trading well below $4.80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $5.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could recover higher if there is a clear break above the $4.50 and $4.80 resistance levels. EOS price is trading in a bearish zone below $5.00 against the US...

Litecoin price declined heavily below $180 and tested $145 against the US Dollar. LTC price is now trading below $170 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $164 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $175 resistance to start a decent recovery in the near term. Litecoin price is recovering losses from $145 against the US Dollar, similar to...

Christine Lagarde – the president of the European Central Bank – has issued a warning about cryptocurrencies like bitcoin and Ethereum, calling them highly speculative and saying that they are “suspicious.” Lagarde: Crypto Is NOT Cash! Bitcoin and digital assets have shot up like crazy over the past year. The idea is that these assets are becoming hedge tools against inflation and other economic problems caused by the current presidential administration and ongoing...

Tron price started a fresh decline from the $0.1200 resistance against the US Dollar. TRX price is now trading below $0.1000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.1150 on the 4-hours chart (data feed via Bitfinex). The pair could accelerate lower if there is a clear break below the $0.8200 support zone. TRON price failed to continue higher above $0.1200 against the US Dollar, similar to...

David Ignatius of the Washington Post interviewed SEC chair, Gary Gensler, on the cryptocurrency landscape, where the latter provided his approach to regulating the digital asset industry. Gensler expresses optimism for the possibilities crypto provides for enhancing finance, but he also believes that most of the space should fall under regulatory supervision – including stablecoins. At the start of the interview, Gensler commented on the recent market crash in the market of...

ADA price started a sharp decline from the $2.60 zone against the US Dollar. The price is now trading below $2.50 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $2.35 on the 4-hours chart (data feed via Bitfinex). The price could remain in a bearish zone as long as it is below the $2.35 resistance zone. Cardano price is down over 10% and it broke the $2.20 support against the US Dollar, similar to bitcoin....

Ethereum price started a major decline below the $3,500 support against the US Dollar. ETH price is now trading below $3,200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,200 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but the bears are likely to remain active near $3,200. Ethereum price is showing bearish signs below $3,200 against the US Dollar. ETH/USD could resume its...

As altcoins spike heavily in recent weeks, many analysts and crypto heads are worried that the digital currency space is heading into dangerous territory similar with what it saw last May. Altcoins Are All the Rage Right Now About four months ago, the digital currency arena saw many assets spiking unexpectedly. Bitcoin, for example, had just reached a new all-time high of approximately $64,000 per unit, while Ethereum also hit a new peak of about $4,000. Many altcoins...

Stellar lumen price started a strong decline from the $0.3400 resistance against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3300 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a break below the $0.2800 and $0.2720 support levels. Stellar lumen price is gaining bearish momentum below $0.3000 against the US...