Crypto news

XRP/USD – XRP Trades Sideways In Range Key Support Levels: $0.828, $0.8, $0.75.Key Resistance Levels: $0.92, $1.00, $1.05. XRP has been inside a trading range between $1.05 and $0.8282 since the end of May. It bounced higher from $0.8282 (2020 highs) at the end of May and pushed into the $1.05 resistance (bearish .382 Fib) at the start of June. Since then, XRP dropped beneath the 20-day MA and traded lower until support was found at $0.8282. Although the market has spiked...

Bitcoin is up by a total of 20% this week and it’s back at the $40K mark range. Quick recap: BTC bounced from $34,760 on Sunday and surged even more on Monday to break the early June significant highs at $39,500 and even reach resistance at $40,760 (bearish .382 Fib Retracement). The bullish momentum stalled slightly since reaching the resistance at $40,760 but manages to remain above $39,500 (early-June highs) and created a short-term tight trading range. In addition, BTC is...

After reclaiming $40,000 for the first time in nearly three weeks, bitcoin kept climbing and even exceeded $41,000 briefly. Most alternative coins have stalled or retraced in the past 24 hours, which has helped BTC increase its dominance over the market. Bitcoin Sees a 26-Day High The past several days were quite bullish for the primary cryptocurrency. It started last week with positive news coming from El Salvador, after which BTC surged from $31,000 to about $35,000, where...

Tron price is recovering and it is showing positive signs above $0.070 against the US Dollar. TRX price is now trading near $0.0720 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above $0.0730 and $0.0740. TRON price is showing positive signs above $0.0700 against the US Dollar, similar to...

Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar. The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000. Bitcoin price is trading in a bullish zone above...

The topic of bitcoin mining is a controversial one as of late given the alleged carbon footprint it leaves behind, though one man feels he may have found a probable solution. 30-year-old Josh Riddett – the managing editor at Easy Crypto Hunter in Manchester, England – claims he has found a way to extract crypto from the blockchain utilizing cow manure. Josh Riddett Is Finding Greener Ways to Mine Crypto Bitcoin mining has been a hot topic recently, with many...

Following the adoption of bitcoin as the country’s second legal tender, El Salvador’s government is discussing if companies would pay their employees in bitcoin. In a tweet by a local radio station 107.7 Fuego on Tuesday (June 15, 2021), three government ministries were considering the possibility of companies’ workers receiving their wages in BTC. This was revealed by the Minister of Labor, Rolando Castro. According to Castro, the decision to pay salaries in bitcoin will...

Chinese law enforcement agents have arrested approximately 1,100 individuals on charges of using crypto to launder money. The move is clearly a reminder that China is avidly working towards a society where crypto holds a limited or non-existent presence. China Is Working Against a Crypto Society In the process of arresting everyone, China has also stated that it has eliminated more than 170 criminal gangs known for committing financial crimes. The individuals in question...

The American billionaire Tim Draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further opined that the primary cryptocurrency would be the core of all financial activities for the next 20-30 years. BTC Is The Future Tim Draper – an American venture capital investor – shared with CNBC his bullish view on BTC’s future value. He forecasted that despite the volatility in the crypto market, the primary digital asset would hit $250,000 by the end of...

Richard Bernstein, an institutional investor Hall of Famer, sounded a note of caution to investors to beware of dealing with Bitcoin. He finds it ”wild” how the primary cryptocurrency was still very popular in a bear market, while assets like oil have been disregarded in a bull market. The Rush to Own BTC Has Become Dangerous In a recent interview with CNBC, the CEO and CIO of Richard Bernstein Advisors spoke about the increased popularity of Bitcoin and altcoins. He opined...