Crypto news

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Canaan – a large manufacturer and distributor of bitcoin and crypto mining equipment – has seen its profits and revenue plunge over the course of the last several months. Thus far, net income for the company has dipped roughly 88 percent in 2022, and the company has only made a little more than $8.5 million for the year. Canaan Isn’t Doing So Hot The mining sector has been suffering heavily as of late, partly because prices are going down, but also because electricity...

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ADA price is showing bearish signs below the $0.30 support zone against the US Dollar. The price is now trading below $0.30 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.295 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the $0.300 resistance zone. Cardano price is struggling below $0.300 against the US Dollar, similar to bitcoin. ADA price must stay...

Ethereum price is showing bearish signs below the $1,250 resistance zone against the US Dollar. ETH price is now trading below $1,240 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1,270 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,220 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD remains at a risk of...