Altcoins

The Venmo app – which is a division of PayPal – has agreed to let all users buy, sell and hold digital tokens. The news was announced earlier in the week, and many believe this will move cryptocurrencies deeper into mainstream territory. The Venmo App Has Said “Yes” to Crypto Beginning last Tuesday, Venmo users can invest in four mainstream cryptocurrencies. They are bitcoin, Litecoin, Ethereum and bitcoin cash. They can use these assets to purchase goods and services...

The bears continue to rule over the crypto markets. Most alternative coins have lost substantial chunks of value in the past 24 hours, with ETH below $2,200 and BNB beneath $500. Bitcoin’s brief spike above $50,000 was also unsuccessful, and the asset trades south of that coveted level. Red Dominates the Altcoins Aside from several brief recovery attempts, the altcoin market has suffered in the past few days. Ethereum went on to register a new all-time on Thursday at $2,650...

The United Kingdom and the Bank of England are looking into potentially unveiling a new bank-issued digital currency. The Bank of England Wants Its Own Version of Crypto There are several countries over the past few years that have been exploring the idea of utilizing bank-issued currencies to boost financial prowess. Among the only nations to have done so thus far is China, which drew back the curtain on its plans for the digital yuan as early as 2019. While the...

The price of bitcoin has taken a horrible turn. The world’s number one digital currency by market cap – after reaching a new all-time high last week following Coinbase’s debut on the Nasdaq – has dropped roughly $8,000 in just a matter of days that has brought the asset down to roughly $55,000 per unit at the time of writing. It was recently trading as high as $63,000. Bitcoin Falls Following an End to Coinbase Hype In addition to bitcoin, other major altcoins including...

The past seven days were marked by considerable declines throughout the entire cryptocurrency market. Almost everything is in the red, with the total capitalization sliding beneath $2 trillion. There’s no other way of putting this – the past week was bad for bitcoin’s price. It was almost all downhill. The cryptocurrency was trading in the range between $61 and $63K last Friday, but things went south quickly as the weekend started. Sunday marked the first big drop where the...

Bitcoin cash price failed to stay above $1,000 and declined heavily against the US Dollar. The price is now trading well below the $850 support level and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $910 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $650 and $600 support levels in the near term. Bitcoin cash price is gaining pace below...

In an announcement on April 23, Coinbase Pro stated that it had enabled trading for the Tether stablecoin. The move is huge news as previously the leading exchange would only support its own native stablecoin, USDC. The announcement added that support for USDT will generally be available in Coinbase’s supported jurisdictions, with the exception of New York State. The only version of USDT available will be the Ethereum ERC-20 standard. Trading will begin on or after 6 PM...

Der Markt befand sich in einer allgemeinen Abwärtsbewegung. Diesem Trend zum Trotz legte der ETH-Preis deutlich zu und erreichte im Tagesverlauf ein neues Allzeithoch. Ausgelöst wurde diese isolierte Rallye offenbar durch sinkende Reserven des Ethereum-Angebots. Ethereum News: Ethereum steigt auf neues AllzeithochAuf 2.595 US-Dollar stieg der Kurs zwischenzeitlich, wodurch das Allzeithoch der letzten Woche überstiegen wurde. Nachdem es im Gesamtmarkt zu einer Preiskorrektur gekommen war, die...

EOS started topped near $8.872 and started a fresh decline against the US Dollar. The price is currently trading well below the $7.000 support and the 55 simple moving average (4-hours). There is a key contracting triangle forming with support near $6.200 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could either start a fresh rally above $6.70 or it might dive towards the $5.00 support. EOS price is holding a key support near the $6.00...

Litecoin price topped near the $335 level and corrected lower against the US Dollar. LTC price is now trading well below the $300 level and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $250 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower if there is a downside break below the $250 support. Litecoin price is showing bearish signs below $280 against the US...