Crypto news

Bitcoin dropped by a sharp 3% today as the cryptocurrency falls to the current $55,000 level. It attempted to break above $60,000 over the weekend but it failed to close a daily candle above $58,355. As a result, BTC slipped from $58,300 yesterday and fell beneath the March ascending trend line to reach as low as $53,700. It rebounded by the end of the day to close the candle at $54,000.Earlier today, Bitcoin spiked further lower to reach as low as $52,930. Luckily, it found solid short-term...

XRP/USD – Bulls Break Back Above 2019 HighsKey Support Levels: $0.5, $0.453, $0.42.Key Resistance Levels: $0.556, $0.588, $0.6.XRP is in full recovery mode after surging by a total of 5.5% today to break the 2019 highs at $0.556 and reach $0.6. XRP is now up by a total of 30% this week, making it the second-highest performing top-10 ranked cryptocurrency behind Theta (+75%).The cryptocurrency had penetrated above a falling wedge pattern over the weekend as it pushed to break resistance at...

The founder of Cardano, Charles Hoskinson, has stated that his company has seen “overwhelming demand” despite only being in the second stage of its Goguen upgrade.Currently, Cardano does not have programmability at the base layer, with no smart contracts for the moment, but this didn’t stop companies from subscribing to it, according to Hoskinson. Several applications, such as BeefChain, are already using Cardano’s metadata features.Over 100 Companies Migrating to Cardano“At the moment our...

Despite reaching a new yearly-high recently, the Bitcoin velocity metric is still far from the previous bull runs. It means that investors are mainly regarding BTC as a store of value instead of a medium of exchange and hinted that the ongoing bullish cycle is far from its top.Store of Value Status Says BTC’s VelocityAccording to the analytics company CryptoQuant, Bitcoin’s velocity is a “measurement of the rate at which BTC is circulating in the economy.” In other words, it shows if the...

Erst gerade hat der neue US-Präsident ein Stimuluspaket auf den Weg gebracht, da wird offenbar bereits über das nächste beraten. Dieses Mal geht es um 3 Billionen US-Dollar. Das Gerücht konnte den Bitcoin-Kurs jedoch nicht vor einem deutlichen Abfall bewahren. Bitcoin News: Neues 3 Billionen US-Dollar Stimuluspaket bereits in ArbeitImmer noch nagen die Maßnahmen im Zusammenhang mit dem Coronavirus an der weltweiten Wirtschaft. In den USA wird daher über ein weiteres Stimuluspaket diskutiert....

The multi-token protocol enabling automatic market-making Balancer has partnered with the blockchain-based simulation platform for building financial models, Gauntlet. The collaboration aims to enhance returns for Balancer V2 Liquidity Providers while still keeping the funds fully non-custodial.Balancer Partners with Gauntlet to Maximize ReturnsIn a press release shared with CryptoPotato, Balancer announced its latest partnership with Gauntlet, aiming to maximize returns for Liquidity...

Positive news emerged for Ripple (XRP) late last week as the blockchain giant looks to get relisted on US coin exchanges. In a historic SEC lawsuit against Ripple Labs, a judge involved in the discovery process acknowledged XRP’s viability as both a currency and utility. In the same hearing, the SEC admitted that only Ripple and its affiliates are capable of illegally soliciting securities. Could this open the gateway for relisting?The Significance of XRP as a CurrencyJudge Sarah Netburn of...

ADA price topped near the $1.450 level and started a fresh decline against the US Dollar. The price is now trading below the $1.200 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.070 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of more losses below the $1.070 and $1.050 support levels. Cardano price is showing bearish signs below $1.200 against the US Dollar, similar to...

Ethereum price failed to clear the $1,850 resistance and declined heavily against the US Dollar. ETH price is currently trading well below $1,800 and the 55 simple moving average (4-hours). There was a break below a rising channel with support near $1,788 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue lower towards the $1,600 and $1,500 support levels in the near term. Ethereum price is slowly moving lower from $1,800 against the US...

We keep seeing cases of institutions and largescale enterprises purchasing bitcoin and other forms of crypto to ensure their portfolios remain diverse and they can protect themselves against inflation as the U.S. dollar is subjected to weak economic conditions. After firms like MicroStrategy, Square and Tesla have all bought bitcoin, it looks like DMG Blockchain Solutions is the latest company to join the bitcoin-buying ranks. DMG Blockchain Solutions Will Mine and Buy...