Altcoins

Bitcoin has overtaken the $16,000 price tag after struggling to remain above it during the weekend. Large-cap altcoins have fallen behind with slight decreases, while the DeFi field sees high volatility once more. Bitcoin Reclaims $16K As reported last Friday, Bitcoin’s impressive performance as of late took the asset towards a fresh yearly high of $16,500. After conquering this significant milestone, however, the primary cryptocurrency slumped. The weekend didn’t produce any...

Ripple price started a strong increase above the $0.2600 and $0.2650 resistance levels against the US dollar.The price rallied towards the $0.2780 level and settled well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2650 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains well bid and it seems like the bulls are eyeing more gains above $0.2750 and $0.2780.Ripple price is gaining pace above the...

Although BTC has recovered from the two dips beneath $16,000, so far over the weekend, the asset struggles with decisively reclaiming the coveted price level and the area between $16,000 – $16,250. Larger-cap altcoins have also lost some steam, but DeFi tokens have surged in value. Bitcoin Stalls Around $16K Bitcoin’s impressive performance as of late drove the asset from a low of about $15,100 on November 10th to a new yearly high of $16,500 last Friday. The community began...

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The largest bank in Belarus – the ASB Belarusbank – has reportedly launched a legal service enabling customers from the country and Russia to purchase cryptocurrencies. Users will be able to exchange digital assets for Belarusian and Russian rubles, US dollars, and euros directly with their Visa payment cards. Belarusbank To Allow Crypto Purchases According to the Prime Press coverage, the largest bank in Belarus by volume of equity, assets, loans, and deposits has partnered...

The famous hip hop artist Akon has announced that the digital asset Akoin has been listed on Bittrex, and trading has started earlier this week.  Akon and Akoin’s co-founder and president Jon Karas called the addition a “major milestone” in a recent livestream. The rapper believes that more exchange will follow the example set by Bittrex soon. He noted that Akoin aims to revolutionize the global payment network and especially in underdeveloped countries in Africa.  During the...

After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other words, it’s completely typical and healthy market behavior for prices to correct. This gives buyers the opportunity to consolidate and continue accumulating....

The European Central Bank (ECB) says that it’s potentially looking to release a digital version of the euro fiat currency. The firm is about to hold a two-day annual forum, where plans and structural ideas revolving around the currency will be introduced to the world.The ECB Is Moving Forward with a Digital EuroWe are consistently hearing about the world’s banks looking to digitize fiat currencies. China has already done so and is now preparing to release a digital version of the yuan, while...

Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t allow any further increases. In fact, they drove ETH’s price south, and the second-largest cryptocurrency struggles at...

Bitcoin cash price started a downside correction from the $278 swing high against the US Dollar.The price is now trading above the $250 support and testing the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $260 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally above the $260 resistance or it might dive below the $250 support.Bitcoin cash price is struggling to gain momentum above $260, while...