Altcoins

Bitcoin went on a roller-coaster ride in the past 24 hours from a new yearly high of nearly $14,000 to dipping below $13,000. Most altcoins mimicked their leader, and the total market cap has dropped by $15 billion. Bitcoin’s Wild 24H Ride As CryptoPotato reported yesterday morning, everything seemed to be going in BTC’s way. The cryptocurrency was surging and peaked at another 2020 high. In fact, with a price of $13,865, it came inches away from breaking last year’s record...

EOS traded to a weekly high at $2.755 before starting a downside correction against the US Dollar.The price is currently trading above $2.620 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $2.688 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could resume its rise if it clears the $2.700 and $2.720 resistance levels in the near term.EOS price is holding important supports above $2.600 against the US...

Litecoin price traded to a new monthly high at $60.92 before correcting lower against the US Dollar.LTC price is currently trading above the $55.00 support level and the 55 simple moving average (4-hours).There was a break below a major ascending channel with support near $56.15 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it stays above the $55.00 support in the near term.Litecoin price is correcting gains from the $61.00 zone...

Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United States With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also...

Following news that PayPal would allow its customers to pay for goods and services with crypto assets like bitcoin, the digital payments firm has announced that it is ending its relationship with a venture known as Epik due to alleged risks and other issues stemming from the company’s crypto department.PayPal Says Adios to EpikTypically, the company works with PayPal by registering web domains and hosting the enterprise’s transactions, though these transactions will no longer be processed for...

Mike McGlone of Bloomberg has stated that bitcoin can potentially reach the $100,000 mark over the next five years as it gets closer to becoming a store of value instead of a payment currency.McGlone: $100K Could Be Here SoonOver the past seven months, something rather strange and intriguing has happened with bitcoin. For a long time, the agenda of crypto serving as a payment system has been pushed with little to no success. While there are a few platforms out there that accept BTC as a...

Tron price started consolidating in a range above the $0.0265 support against the US Dollar.TRX price is showing positive signs above the $0.0265 level and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance at $0.0272 on the 4-hours chart (data feed via Bitfinex).The pair is likely to start a fresh increase if there is a clear break above the $0.0275 resistance.TRON price is showing positive signs above $0.0250 against the US Dollar, while...

ADA price declined below $0.1060, but it found support near $0.1000 against the US Dollar.The price is facing hurdles near $0.1055 and it is well below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.1054 on the 4-hours chart (data feed via Kraken).The price could either rally above the $0.1055 resistance or it might revisit the $0.1000 support.Cardano price is trading below key hurdles near $0.1055 against the US Dollar, while...

Ethereum price started a downside correction from the $421 swing high against the US Dollar.ETH price is currently trading well above $380 and testing the 55 simple moving average (4-hours).There was a break below a major declining channel with support near $400 on the 4-hours chart (data feed from Coinbase).The pair is currently holding the main $380 support level, but it must clear $402 for a fresh increase.Ethereum price is correcting losses and holding the $380 support against the US...

Stellar lumen price traded to a new monthly high at $0.0878 against the US Dollar.XLM price is currently correcting lower below $0.0850 and testing the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $0.0840 on the 4-hours chart (data feed via Kraken).The pair could correct lower, but the $0.0800 and $0.0785 support levels might provide support.Stellar lumen price is trading in a positive zone above $0.0800 against the US Dollar, similar...