Altcoins

Increased volatility in Bitcoin price in the past 24 hours has resulted in total liquidation of approximately $1 billion. Bitcoin (BTC) price experienced increased volatility in a short time frame that saw the asset drop from $59,700 to below $56 in a few minutes. Consequently, over $600 million was liquidated. Meanwhile, Bitcoin price has stabilized around $58k at the time of reporting.The sudden dip in Bitcoin (BTC) price carried with it almost the entire altcoin market as traders fled the...

Tron price started a fresh increase from the $0.0540 support zone against the US Dollar. TRX price is now trading above the $0.0650 support and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $0.0670 on the 4-hours chart (data feed via Bitfinex). The pair is likely to accelerate higher if it clears the $0.0690 and $0.0700 resistance levels in the near term. TRON price is trading in a positive zone above...

Speaking at a City and Financial Conference today, John Glen said authorities need to regulate stablecoins due to the threat it poses should a major firm dominate the sector.  “There is the potential for some firms to swiftly achieve dominance and crowd out other players due to their ability to scale and plug into existing online services,” the financial services minister was quoted as saying.  Regulating the Wider Crypto Market Not Pressing Despite calls from financial...

ADA price struggled to clear the $1.285 resistance and corrected lower against the US Dollar. The price is still above the $1.160 support and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.200 on the 4-hours chart (data feed via Bitfinex). The price could either rally above $1.200 or it might break $1.160 for a fresh decline. Cardano price is trading near a key juncture below $1.200 against the US Dollar, while...

Ethereum price started a fresh increase above the $1,725 resistance against the US Dollar. ETH price is currently trading well above $1,700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,705 on the 4-hours chart (data feed from Coinbase). The pair could dip in the short-term, but the bulls are likely to remain active near $1,725. Ethereum price is now approaching the $1,850 resistance against the US...

Justin Sun, the CEO of TRON and BitTorrent, has doubled-down on his NFT-related endeavors by announcing a designated fund. Called JUST NFT Fund, it aims to close the gap between the most recent craze in the blockchain space and artists wanting to release their own non-fungible tokens.Sun’s NFT FundJustin Sun, and his blockchain-based projects, have been neck-deep with the ongoing NFT craze. Apart from bidding some mindblowing amounts on various NFT projects, Sun has also partnered with...

Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4110 and $0.4350 resistance levels to continue higher. Stellar lumen price is showing positive signs above $0.3800 against the US...

Ripple price is showing positive signs above the $0.5000 and $0.5200 resistance levels against the US dollar. The price is now well above $0.5200 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.5645 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to surge further above the $0.5850 and $0.6000 resistance levels. Ripple price is trading in a positive zone above the...

The cryptocurrency trading space is consistently introduced to new coins for people to trade and enjoy. The latest example is one known as Safe Moon, which appears to be getting more and more interest from investors according to latest search trends. Safe Moon Is Now Available To be fair, not much is known about the currency just yet, so as we do with all new coins, we’re informing our readers to stay safe and remain fully aware of the risks that are associated with...

Following another dip to $54,000, bitcoin has bounced off and has added over $2,000 of value. Some altcoins have registered even more impressive gains in the past 24 hours, led by Binance Coin’s 9% surge to $275.BTC Retakes $56KAfter the mid-week price slump when it dropped from over $57,000 to a three-week low of just above $50,000, bitcoin has been gradually increasing in value.Even the fears that the record $6 billion worth of options contracts that expired on Friday would insert enhanced...