Altcoins

This past week, Bitcoin added more than 23% and managed to break one of this year’s high at $10,500 per coin.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The cryptocurrency market capitalization reached $320 billion. Altcoins are trying to keep pace with the “captain” of the industry but their dynamics are quite different. The Chicago Mercantile Exchange...

Nexo-Tron partnership introduces the first ever TRX-backed fiat credit line to accept TRON (TRX) as collateral.Nexo and TRON Foundation have come together to oversee further TRX adoption through DeFi utility. According to a joint press release, Nexo will list TRX as a collateral for its customers. As a result, it will create the first-ever TRX-backed fiat loans. As the global crypto market divulges into altcoins utility, the new TRX market will greatly enhance its utility and in turn improve...

ADA price tested the $0.1500 resistance zone and corrected lower against the US Dollar.The price is currently trading well above the $0.1400 level and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.1495 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if there is a clear close above the $0.1500 resistance.Cardano price is trading in a nice uptrend above $0.1350 against the US Dollar, similar to...

After several days of gains, Bitcoin has stalled a bit around the $11,000 mark. Simultaneously, most large-cap altcoins have managed to increase their value against both the US dollar and BTC.Bitcoin At $11,000The past several days were nothing short than impressive for the primary cryptocurrency. Its $2,000 price surge came somewhat surprisingly for some, but BTC reclaimed successfully, firstly $10,000, then the significant $10,500 resistance.Bitcoin also attempted to conquer $11,000 on a...

The big news today is that bitcoin is just shy of hitting the $11,000 mark, but now that the world’s number cryptocurrency by market cap is on a fresh high, many altcoins are beginning to retrace their steps and fall to lower numbers.Altcoins Are Hitting Fresh Lows as BTC RisesAt the time of writing, several of the crypto space’s leading altcoins are up against the U.S. dollar, but down when compared with bitcoin. Ripple (XRP), for example, is the world’s third-largest cryptocurrency by...

For the first time in the history of Ethereum, its futures contract has generated unprecedented interest as it has eclipsed $1 billion. This indicates that the biggest altcoin of the coin market enjoys greater adoption, sending signals that speculators are backing Ethereum for the future. According to Skews, the market Analytics firm, this comes on the heels of the current price movement as the platform prepares for Ethereum 2.0. Futures contracts are based on speculations that the price of...

Tron price is trading in a positive zone above the $0.0180 support zone against the US Dollar.TRX price is currently facing hurdles near $0.0190, but it is well above the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.0187 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong upward move if it breaks the $0.0187 and $0.0190 resistance levels.TRON price is following a bullish path above $0.0180 against the US...

BTC was able to provide a daily return of 11.15%.After an impressive run-up by lower-cap altcoins, investors appear to have taken profits and moved to Bitcoin. Indeed, roughly $15 billion were injected into the flagship cryptocurrency on July 27th alone. Such a massive capital influx allowed BTC to smash through the $10,000 resistance barrier and march towards $12,000.The pioneer cryptocurrency kicked off the day at $9,939.68 and within a few minutes after the weekly open its price was...

Ethereum price started a strong rally above the $250 pivot level against the US Dollar.ETH price surged above the $300 level and traded to a new multi-week high at $334.There is a major bullish trend line forming with support near $308 on the 4-hours chart (data feed from Coinbase).The pair remains in a strong uptrend and it is likely to resume its rise above $320.Ethereum price is trading nicely in an uptrend above $300 against the US Dollar. ETH/USD is likely to climb back above $320 and...

One source is reporting that bitcoin – the world’s number one cryptocurrency – is “floundering,” and that other smaller altcoins – such as Ethereum, Stellar and Cardano – are all way up at the time of writing, with some of these currencies having doubled their prices in just the last few months alone.Ethereum and Cardano Are Two High-Ranking CoinsFirst off, it would be inaccurate to claim that bitcoin is “floundering.” BTC is presently trading for just under $10,000 again, and should it...