According to a report, the price of XRP currently has three major resistance which are 2818 SAT, 3600 SAT, and 4200 SAT.Bitcoin has finally broken a key resistance point, overtaken its previous all-time high of near $20,000 to settle in the $22,549 price point. This is probably the best news of the year for Bitcoin investors as the recent pullback after testing the $19,000 price zone was thought to be another long-lasting crash. Interestingly, most of the altcoins have not responded well with...
Read More »American Express Invests In A Cryptocurrency Exchange Aimed At Institutions
The US multinational financial service corporation American Express has invested in the cryptocurrency trading venue FalconX through its venture arm. Thus, AmEx has doubled-down on its digital asset endeavors after piloting a blockchain-based rewards program.AmEx Invests In Crypto Exchange Aimed At InstitutionsThe US-based cryptocurrency exchange announced the investment from American Express Ventures in a press release yesterday. Although it failed to specify the precise amount AmEx has...
Read More »EOS Price Analysis: Rally Gathering Momentum Above $3
EOS started a strong increase above the $2.700 resistance zone against the US Dollar.The price is currently trading above the $3.000 resistance level and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move higher as long as it is above the $2.800 support zone.EOS price started a fresh increase above the $2.700 and $2.800 levels...
Read More »Litecoin (LTC) Price Analysis: Rally Reaches Crucial Juncture At $92
Litecoin price started a strong surge above the $80.00 and $82.00 resistance levels against the US Dollar.LTC price traded close to the $95.00 level and settled below the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $82.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is now facing a strong resistance near the $92.00 and $94.00 levels.Litecoin price is up over 10% and it tested the $95.00 zone against...
Read More »Vitalik Buterin: Digital Wallets Can Break Quite Easily
Vitalik Buterin – the Canadian-Russian crypto entrepreneur widely credited for bringing Ethereum, the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin to the digital market – has warned traders and digital asset enthusiasts everywhere that virtual wallets aren’t as safe as they could be. He’s now pushing for the simplification of digital currency wallet technology, which he believes is not always kind to first-time traders and crypto holders.Vitalik...
Read More »Northern Trust Introduces Zodia, a New Crypto Custody Platform
As the demand for cryptocurrency custody services grows, more companies are looking for ways to safely protect users’ crypto funds and prevent them from falling into the wrong hands. Companies such as the Northern Trust Corporation, which thanks to a recent partnership with Standard Ventures, is unveiling a new platform known as Zodia Custody that’s designed to bring institutional-level custodial services to clients with crypto stashes.Zodia Custody Brings That Extra Layer of ProtectionOne of...
Read More »Bitwise Unleashes New Top Ten Crypto Tracking Platform
Bitwise Asset Management is unveiling its new Bitwise Ten Crypto Index Fund (BITW). The platform is designed to be an open-ended trust for new investors considering cryptocurrency exposure.Bitwise Is At It AgainBitwise has always been at the center of the world’s crypto arena. The company was widely regarded as the frontrunner to garner approval from the U.S. Securities and Exchange Commission (SEC) when it came to getting a bitcoin or cryptocurrency exchange-traded fund (ETF) established,...
Read More »Tron (TRX) Price Analysis: Approaching Crucial Support at $0.0275
Tron price is holding the key $0.0275 support zone against the US Dollar.TRX price is now facing resistance near $0.0296, but it is above the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.0292 on the 4-hours chart (data feed via Bitfinex).The pair could accelerate higher once it clears the $0.0295 and $0.0300 resistance levels in the near term.TRON price is slowly recovering above $0.0280 against the US Dollar, while bitcoin is...
Read More »Cardano (ADA) Price Analysis: Fresh Rally Likely Above $0.16
ADA price started a fresh increase above the $0.1400 and $0.1500 resistance levels against the US Dollar.The price is now trading below the $0.1500 level and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.1460 on the 4-hours chart (data feed via Kraken).The price could accelerate higher once there is a clear break above the $0.1600 resistance.Cardano price is showing a few bullish signs below $0.1500 against the US Dollar,...
Read More »Ethereum Price Analysis: ETH Eyeing Fresh Break above $600
Ethereum price started a fresh increase above $570 and $580 against the US Dollar.ETH price is currently trading above the $585 pivot and the 55 simple moving average (4-hours).There was a break above a crucial contracting triangle with resistance near $570 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher towards the $608 and $622 resistance levels.Ethereum price is slowly gaining pace above $580 against the US Dollar. ETH/USD is likely remain in a positive...
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