Altcoins

Following the latest bullish developments in the cryptocurrency field, the UK Financial Conduct Authority has warned investors of the potential risks associated with investing in certain digital asset endeavors.The UK’s regulator has highlighted the risky nature of the industry and said that people should be prepared for worst-case scenarios, including losing all of their money.UK FCA Warns Investors About Crypto InvestingAlthough the cryptocurrency market saw vigorous price drops in the past...

Ripple price failed to clear $0.3700 and started a strong decline below $0.3000 against the US dollar.The price is now holding the key $0.2550 support level and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2560 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong recovery wave as long as the price above $0.2550 and $0.2560.Ripple price is down over 20% from well above $0.3500 against the US...

Most alternative coins have resumed their recent bull run, including double-digit increases on behalf of most of the large-caps, including Bitcoin Cash, Bitcoin SV, Chainlink (LINK), Ripple, Litecoin, and Cardano. The second-largest, Ethereum, has also surged to new highs and has come about $100 away from the 2018 record of $1,450.Simultaneously, BTC has stalled slightly around the $41,000 mark, and its dominance over the market has reduced to 68.5%.Exploding Alts: Ethereum Nearing...

With Ethereum’s price jumping to nearly $1,300 and nearing the all-time high of $1,450, the number of ETH addresses in profit has reached a 2-year high of over 99%.The Ethereum hash rate has also enjoyed the past several months with gradual increases and a new all-time high above 300,000.0000 GH/s.ETH’s Price Leads To Nearly 100% Addresses In ProfitThe second-largest cryptocurrency by market cap has led the recent altcoin rally with impressive gains. After becoming one of the best-performing...

Bitcoin cash price started a strong increase above the $400 resistance against the US Dollar.The price surged towards the $500 resistance and settled well above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $420 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could start a fresh increase as long as it is above the $420 and $400 levels in the near term.Bitcoin cash price started a strong increase above $400 against...

The Office of the Comptroller of the Currency (OCC) has published a new letter stating that banks are now permitted to utilize stable coins to perform what the letter refers to as “bank-permissible functions” including, but not limited to, payment activities.Stable Coins Are Headed for the TopIn other words, banks may now use and accept stable coins as means of payment, as can their customers. This is a huge step forward in what cryptocurrency was initially designed for; to be used as a...

The cryptocurrency market is still northbound as Bitcoin sets new ATH every other week.The year has started with new records, the total cryptocurrency market cap exceeded $1 trillion, with only 67.7% of the cap covered by Bitcoin. As Bitcoin dominance drops, yet the market cap increases, the so-called “altcoin-season” should be expected.For that being said, let’s take a look at some altcoins that are worth following these days.AavePhoto: Aave chart on TradingView.AAVE/USDT is following an...

EOS started a strong surge from well below the $2.800 zone against the US Dollar.The price is currently trading well above $3.200 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support at $2.950 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct a few points, but dips are likely to be limited below $3.200 and $3.000.EOS price started a fresh rally above $3.000 and $3.200 against the US Dollar, similar to...

Litecoin price started a fresh increase above $150 against the US Dollar.LTC price extended its rise towards the $175 level settled well above the 55 simple moving average (4-hours).There is a key rising channel forming with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher once it clears the $175 resistance zone in the near term.Litecoin price is following a bullish path above $150 against the US Dollar, similar to...

The situation in the cryptocurrency market is currently as exciting as it has ever been. Bitcoin is charting new highs daily, altcoins are also starting to see some notable gains, resulting in massive growth for the entire market.For the first time ever, the market did something that not a lot of people believed in back a few years ago – it reached a total capitalization of $1 trillion.The Four Comma ClubIt took some time, but the cryptocurrency market capitalization has finally hit the...