Crypto news

ETH/USD – Ether Hits $2600 After Breaking 100-day MA Key Support Levels: $2545, $2400, $2320.Key Resistance Levels: $2725, $2890, $3000. Etheruem saw an incredible 18% surge this week as it climbs inside the confines of an ascending price channel. The cryptocurrency broke above a descending trend line toward the end of last week and pushed above the 100-day MA level yesterday to hit $2600 today. ETH did surge as high as $2700 yesterday, allowing the coin to set a new high not...

[PRESS RELEASE – Please Read Disclaimer] Interview with the Indian Sportsperson Priyanka Goswami: Thanks to AppleB, I Am at #Tokyo2020 She is a sportsperson that has already qualified for the Tokyo Olympics. However, her road to Tokyo could have been impossible. She is Priyanka Goswami from India. She has been attracted to running since high school but couldn’t afford track shoes. She wanted to ask for money from her parents countless times but couldn’t take the courage....

In recent months, the NFT market has witnessed significant growth in the number of investors getting on board, allowing artists and art enthusiasts to gain access to the global digital art market. Although non-fungible tokens are a relatively new asset class in the crypto space, they have continued to outlive the hype as millions of dollars are being poured into the market daily. OpenSea’s Trading Volume Hits Record High Over the last 48 hours, trade volume on OpenSea, the...

XRP/USD – XRP Struggles With 200-day MA Resistance Key Support Levels: $0.71, $0.667, $0.638.Key Resistance Levels: $0.781, $0.828, $0.89. This week’s 21.5% surge for XRP saw the coin climb above the 20-day MA around $0.6 to reach the current $0.74 level. It broke above a descending wedge formation over the past fortnight and started to surge inside an ascending price channel. The price channel allowed XRP to break the 50-day MA last week, but the coin is now struggling to...

After the false breakdown below $30k and the subsequent recovery, BTC continued higher, closing the week up 12.45%. Overall, price action has been bullish, as the cryptocurrency pushed above the 50-day MA and hit an intra-week high above the top of the trading range at $42.6k. Chart by TradingViewIt’s important to note that BTC has printed 10 consecutive green daily candles, is extremely overbought and overextended on the 4-hour and daily chart. With near-term overbought...

11 mid-sized cryptocurrency trading venues in South Korea will reportedly cease their operations after the country’s watchdog identified that they operate their businesses illegally. The names of the exchanges remained undisclosed. Chain of Reaction in South Korea According to a recent report by The Korea Held, 11 mid-sized cryptocurrency platforms will soon shut down as the Financial Services Commission established that they run their operations without the needed...

Few experienced analysts would argue that Decentralized Finance (DeFi) has lately been on a rocky path. Unstable rates, numerous marketplace adjustments, and creative destruction are weeding out the weakest participants in the sector while strengthening the leadership of intellectuals. Furthermore, KICK.IO, a decentralized fundraising platform based on the Cardano Network, has seen a great opportunity during the chaos. Although Ethereum, the DeFi industry’s behemoth,...

Stellar lumen price started a decent increase above the $0.2500 resistance against the US Dollar. XLM price is now trading above $0.2500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.2700 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase if there is a break above the $0.2850 resistance. Stellar lumen price is showing positive signs above $0.2500 against the US Dollar,...

Ripple price gained traction and it rallied above $0.7000 against the US dollar. The price is now trading well above the $0.6500 resistance and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.7000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise if it clears the $0.7500 and $0.7650 resistance levels. Ripple price is trading in a positive zone above $0.7000 against...

Though the Justice Department declined to comment for the article, Bloomberg was able to report last week that the DOJ is investigating U.S. banks and the backers of popular stablecoin USDT. There is some ongoing speculation about how this might affect bitcoin’s price. What’s Supposedly Going on With Tether and the DOJ? The Justice Department is reportedly seeking to determine the extent of U.S. banks’ knowledge of Tether Limited’s business and the prolific use of its...