Altcoins

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s intentions to crack down on mining and trading with the primary digital asset. As such, it comes as no surprise that another major...

ADA price started a fresh increase after it tested the $1.10 support zone against the US Dollar. The price is still trading well below $1.75 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.400 and $1.350. Cardano price is facing a major barrier near the $1.700...

Ethereum price declined below $2,000 before starting an upside correction against the US Dollar. ETH price is still below $3,500 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,000 on the 4-hours chart (data feed from Coinbase). The pair must clear the main $3,000 resistance to start a fresh increase in the near term. Ethereum price started an upside correction from the $1,750 zone against the US Dollar....

Justin Sun’s TRON has partnered with BSCPad to develop and release the first IDO launchpad build on its blockchain. Dubbed TRONPAD, it will take place exclusively on BSCPad and aims to mimic the latter’s recent success. TRONPAD Coming From TRON and BSCPad Advertised as the “fastest-growing launchpad in the DeFi space,” BSCPad saw the light of day recently but has already become a leader in terms of transactions and customers. It’s one of the major forces behind the explosive...

ADA now bagged the fourth spot once again this time, blowing past Binance Coin (BNB) which has endured a horrid week, after losing 47.7% of its value.Cardano (ADA) amidst the current chaos in the crypto market has overthrown Binance Coin (BNB) to grab the fourth spot on the cryptocurrency ladder. The crypto market has been in red for some days now, with most of the biggest digital currency, Bitcoin, slipping as its price has plummeted, touching the $30,000 mark, a 16-week low, and taking most...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp. According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 –...

It looks like millennials are beginning to lose their love for bitcoin. Millennials Are Looking at Altcoins More Than BTC Up until this point, it was widely believed that millennials were big crypto fans, and to an extent, they are. It is just that their tastes are “maturing” so to speak. They are beginning to shift away from the world’s largest and most popular digital currency by market cap and they are turning their attention to Dogecoin and other competing altcoins....

Catherine Wood, CEO of Ark Management, predicts that “Elon will come back and be part of [the Bitcoin] ecosystem”.Bitcoin (BTC) reached its all-time high in value of $64,804.72 in April 2021. However, few could have foreseen a -17.8% downward spiral in value just over the past week. BTC saw an accumulated loss of over $500 billion in market capitalization, accelerated by the statement coming from Tesla CEO Elon Musk regarding the suspension of BTC as payments for car purchases, owing to...

Litecoin price declined sharply below $350 and $300 against the US Dollar. LTC price is now trading well below the $250 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $255 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is correcting losses, but it is likely to face sellers near $220 and $250. Litecoin price is correcting losses from the $145 support zone against the US...