Crypto news

Ethereum price is moving higher above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,850 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,860 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,850 support zone. Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it clears the $1,940...

Hackers drained almost $13 million worth of digital assets from the South Korean cryptocurrency platform GDAC. This is the latest in a string of setbacks the industry went through. The Latest Victim The exchange’s team notified its users on April 9 that hackers exploited the Gdac Hot Wallet and transferred a significant amount of cryptocurrencies to an unidentified wallet.  They stole over 60 BTC, 350.5 ETH, 10,000,000 WEMIX, and 220,000 USDT (which accounted for around 23%...

Crypto market intelligence platform Santiment suggested that the number of bitcoin investors turning into long-term holders have been spiking recently. In addition, Glassnode determined that more than 50% of all BTC in circulation has not moved in the past two years. Almost 45 Million HODLers As analyzed by Santiment, the total amount of individuals and entities holding bitcoin for the long run has soared to almost 45 million, and the numbers have been rising at the fastest...

Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered. In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40. More Gains for ADA? According to on-chain data shared by crypto analyst and trader Ali Martinez, ADA whales are on an accumulation spree over the past two weeks. During this period, this cohort of...

Earlier today, we reported that Silvergate Bank – a tech-friendly financial institution stationed in Silicon Valley – had collapsed. The company is liquidating all its assets after being shuttered by the federal government due to a high number of monetary failures, and bitcoin suffered because of this. Silvergate Has Closed, but There’s Still Hope for Bitcoin Many are saying this is the start of the 2008 Great Recession all over again. Many think this is a continuation...

It’s April, and the Bitcoin price has been hovering around the $28,000 level since Mar 23. That’s a roaring price rally after starting March at the $23,500 handle. Bitcoin started off the new year trading at a measly $17,000. The question for crypto investors and traders now is whether BTC is looking expensive at that price or poised for another leg upward over the next quarter or the remainder of the year. Two Quick Near-Term Price Factors One bullish hint is that the king...

The state of Missouri is in line to become one of the most crypto-friendly in the Union given it’s just passed a string of regulatory acts designed to protect the rights of bitcoin and crypto miners. Missouri Seeks to Keep Crypto Miners Protected Missouri legislators recently voted to amend what’s known as House Bill 764. Introduced last January, the bill defines the language and descriptions surrounding cryptocurrency miners. It also says that no crypto miner can be...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

With DOGE buyers out of steam, the price fell and is now approaching the key support. Key Support levels: $0.07 Key Resistance levels: $0.11 After a significant spike in the price, bulls failed to run it higher, and it lost 20% of its valuation in the last three days. This puts DOGE on a clear path to retest the key support at 7 cents. If it holds, buyers could attempt to reverse the current bearish momentum. The resistance continues to hold strong at 11 cents. Chart by...

Bitcoin appears to have hit a ceiling as the price continued to hover below the psychological resistance level of $30,000. This has led some to believe that the rally may soon come to an end since futures OI has been relatively flat throughout the year. But the options market has a different story to tell. Potential Bitcoin Rally? According to the latest chart by Glassnode, the amount of Open Interest in Bitcoin Options contracts has reached $10.3 billion. Its futures...