Crypto news

Key  Support levels: $1.4 Key Resistance levels: $1.8, $2 In the last two days, MATIC registered a 20% price increase after finding support at the $1.4 level. The key resistance at $1.8 prevented the price from moving higher, and today, MATIC is quickly re-approaching this level. If it is successful to maintain the momentum, then a successful break may take it to $2. Chart by TradingViewTechnical Indicators Trading Volume: Despite this most recent increase in price, the...

EOS price started a fresh decline from the $2.85 zone against the US Dollar. The price is now trading below $2.50 and the 55 simple moving average (4-hours). There is a major rising channel forming with support near $2.10 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend decline if there is a clear break below the $2.00 support zone. EOS price is showing bearish signs below $2.20 against the US Dollar, similar to bitcoin. The price...

Ontario, Canada / EarnableFi ($EFI) the coming of age GameFi and Defi 3.0 ecosystem had a grand launch on 26th January on the Ethereum network. The project has surged 100X right after listing and looks set to continue its momentum because of its innovative and futuristic ecosystem. EarnableFi intends to be the GameFi & Defi 3.0 ecosystem’s flagship utility token, designed for mass adoption on the Ethereum Network and passive revenue production for the ecosystem to...

Litecoin price failed to climb above $115 and corrected lower against the US Dollar. LTC price is now trading below $110 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $100 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $120 pivot level. Litecoin price is struggling below $120 against the US Dollar, similar to bitcoin. LTC price could...

In spite of the bearish condition in the Cryptocurrency space that has forced investors to reduced their digital assets, including Bitcoin, from their portfolios to play safe, Ravendex is pleased to announce the launching of its RAVE NFT, “a 10000 Pixelated Raven Birds Collection with proof of ownership stored on the Cardano Blockchain, as Ravendex team understand that quality remains forever.” The Cardano-based decentralized exchange’s team explains that users can earn...

The Diem Association – a cryptocurrency initiative backed by Meta – is reportedly considering the sale of its assets to return capital to its investors. The project is also in discussions with investment bankers about how best to sell its intellectual property and help the developers find new places to work. Diem Might Sell Its Assets During its relatively short time of existence, Diem has sparked some controversy. Established in 2019 under the name Libra, it aimed at...

Many analysts are working to discover why it is that bitcoin has suddenly taken such a nasty price stumble. The world’s number one digital currency by market cap has fallen below the $40,000 mark after hovering there for the past several weeks, and it looks like it may be because BTC is in line to face some stiff competition from the Federal Reserve. The Federal Reserve Wants to Issue a New Cryptocurrency The Fed has issued a statement explaining that it has been looking...

NYC-based entrepreneur Dan Reich has recently regained access to more than $2 million worth of crypto left in a Trezor One hardware wallet with the help of renowned computer engineer and hardware hacker Joe Grand. In a YouTube video uploaded recently, the Portland-based hacker popularly known by his pseudonym “Kingpin” gave a comprehensive narration of how he cracked the wallet to recover the “lost” crypto assets. How it all Started Earlier in 2018, Dan Reich and his friend...

Bitcoin’s price went turbulent during a press conference following today’s highly anticipated Federal Open Markets Committee (FOMC) meeting. It fell $1000 as Federal Reserve Chairman Jerome Powell restated plans to raise the federal funds rate in March. In his speech preceding the conference, Powell recognized that much of the labor force is unable to report for work, given current circumstances. However, he expects the effects of the Omicron wave to be brief, alongside its...

The Founder of SkyBridge Capital – Anthony Scaramucci – advised investors to cool off on their concerns regarding the most recent plunge in the cryptocurrency market. He believes bitcoin, as well as other digital assets, are the right investment tools for the long-term, and people should not abandon them because of their current price dips. ‘Stay Long’ The last several days were not pleasant for the cryptocurrency industry, as many assets lost a significant chunk of their USD...