Altcoins

Following the rejection from the $12,500 resistance level on August 17th, Bitcoin has endured a downtrend that has seen it lose most of the gains incurred throughout the first half of the month.The increasing selling pressure behind it has taken many investors by surprise since some of the lower cap altcoins have entered full-blown bull rallies. While BTC continues flirting with the idea of a steeper correction, its price continues to bleed.Such market behavior was visible on August 25th as...

ADA price is in a bearish zone and it is trading below the $0.1300 pivot against the US Dollar.The price is currently struggling to recover above $0.1250 and the 55 simple moving average (4-hours).There was a break above a connecting bearish trend line with resistance near $0.1245 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.1250 resistance or it might dive below the $0.1200 support.Cardano price is struggling to clear $0.1250 against the US Dollar,...

Ethereum price started a fresh increase from the $380 support zone against the US Dollar.ETH price managed to recover above the $395 and $400 resistance levels.There was a break above a key connecting bearish trend line with resistance near $395 on the 4-hours chart (data feed from Coinbase).The pair is currently facing a strong resistance near $410 and the 55 simple moving average (4-hours).Ethereum price is slowly recovering higher from $380 against the US Dollar. However, ETH/USD must...

It looks like China is playing by its own financial rules. According to a new report released by blockchain security firm Chainalysis, the country moved as much as $50 billion in cryptocurrency out of the country last year as a means of avoiding present sanctions.China Has Its Own AgendaAs it stands, residents of China are only allowed to purchase up to $50K in foreign currency. Previously, many wealthy members of the nation sought to get around this rule by investing in real estate and other...

Stellar lumen price is currently holding the $0.0980 and $0.1000 support levels against the US Dollar.XLM price is facing many hurdles near the 55 simple moving average (4-hours) and $0.1080.There is a key bearish trend line forming with resistance near $0.1024 on the 4-hours chart (data feed via Kraken).The pair could move into a bullish zone if it clears the $0.1050 and $0.1080 resistance levels.Stellar lumen price is holding a couple of key supports against the US Dollar, similar to...

After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again.After Friday’s crush, this is the day of the low-caps altcoins.Contrasting Altcoin MovesEthereum and Ripple display somewhat similar performances in the past few days lacking significant fluctuations, slightly up judging by the...

Ripple price declined steadily, but it is holding the $0.2740 support zone against the US dollar.The price is currently attempting a decent recovery above the $0.2800 resistance zone.There was a break above a major bearish trend line with resistance near $0.2860 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is facing an uphill task near the $0.2950 resistance and the 55 simple moving average (4-hours).Ripple price is slowly moving higher above $0.2800 against...

Many banks are beginning to issue their own digital currencies. It can be implied that the likes of Libra may have caused these banks to look into establishing such assets, but according to a new report, bitcoin is the real reason many of these institutions have taken the next steps.Bitcoin May Have Given Birth to Many Bank-Issued Digital CurrenciesLibra is a scary currency for most banks in that it’s looking to establish itself as a global currency that virtually every country can gain...

Central banks are now consistently looking to release their own centralized digital currencies. While these assets are nothing like bitcoin – the latter gives financial independence to its users, while the former currencies are controlled by individual firms – it’s likely that these coins will all get in the way of each other, and that the likes of both bitcoin and Facebook’s Libra will be competing head to head with many of these bank-issued currencies.Libra Is Scary to Most BanksOne of the...

Bitcoin and most large-cap altcoins have recovered from yesterday’s price dives. However, most altcoins are still far from their last week’s all-time highs.Bitcoin Back To $11,600The largest cryptocurrency by market cap dipped to the $11,400 support following another unsuccessful attempt to reclaim $12,000. The nosedive seemed somewhat steep, and speculations rose that BTC may be aiming to close a CME gap at $9,600.BTCUSD. Source: TradingViewAs CryptoPotato reported, Bitcoin futures...