Crypto news

Tron saw a healthy 12% price hike today as it reached the $0.0326 level.While the entire top 20 sees negative figures over the past week, Tron managed to remain in the positive by a total of 5%.Against Bitcoin, TRX headed higher since the weekend after it rebounded from 288 SAT to reach 330 SAT today.TRX/USD: TRX Bulls Defend $0.03 With EaseKey Support Levels: $0.032, $0.03, $0.028Key Resistance Levels: $0.035, $0.04, $0.0436.TRX was pushing higher toward the end of August and managed to...

A popular cryptocurrency analyst pointed out that Bitcoin tested the 20-week moving average (MA) on its recent move down from $12,000 to $10,000. This could turn out to be a bullish sign for BTC, as identical price developments have pumped it higher during the last bull market in 2017.Bitcoin’s Recent Price DropsAfter dumping to below $3,700 during the massive selloff in March, Bitcoin went on a roll. The primary cryptocurrency recovered its losses in a few months as the bulls took control....

Ethereum dropped by a very sharp 30% this week as it plummets into the $335 level.The bulls are currently attempting to defend the 100-day EMA, but it looks likely to break with the increased bearish pressure.Against Bitcoin, ETH remains supported at the 0.0329 BTC level provided by a .5 Fib Retracement.ETH/USD: Ethereum Forms Short Term Symmetrical Triangle PatternKey Support Levels: $325, $300, $280.Key Resistance Levels: $355, $364, $380.Ethereum has been battling the $355 resistance level...

The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain.Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth of Bitcoin is doing rounds on Ethereum.‘BTC on Ethereum’ Number Going up ExponentiallyAccording to data published by Elias Simos on the on-chain analytics platform, Dune Analytics,...

A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition.The Backstory: Transferring Control Over SushiSwapThe drama started the past weekend when SushiSwap’s lead developer, going by the Twitter handle Chef Nomi, cashed out his SUSHI tokens and exchanged them for millions worth of ETH. The...

Stablecoins, which make up a huge chunk of those steep fees, could all switch to Layer 2 for some relief, according to one industry expert.Yearn Finance founder, Andre Cronje, has suggested that USDC and USDT will soon be available on Layer 2 as stablecoins make the transition away from Ethereum.USDC and USDT will soon both be available on L2.This will allows non-congested transfers of USDC and USDT.This is great if you do payments in USDC and USDT.From my experience USDT and USDC are trade...

ADA price extended its decline below the $0.1000 support zone against the US Dollar.The price is currently consolidating above the key $0.0850 support, but it is below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if it clears the $0.0950 and $0.1000 levels in the near term.Cardano price is currently consolidating above $0.0850 against the US...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 965. Im heutigen Video geht’s um folgende Themen: Der Blockchain-Ausweis kommt, Exchanges leiden aufgrund von DeFi Boom in China & Binance startet eine neue DeFi – Yield Farming Plattform. 1.) Der Blockchain-Ausweis kommthttps://www.btc-echo.de/der-blockchain-ausweis-kommt/ 2.) Exchanges suffer as Chinese users chase DeFi gainshttps://cointelegraph.com/news/exchanges-suffer-as-chinese-users-chase-defi-gains...

Ethereum price declined sharply below $400 and found support near $310 against the US Dollar.ETH price is likely forming a support base above $310 and it might start a decent recovery.There is a key bearish trend line forming with resistance near $355 on the 4-hours chart (data feed from Coinbase).The pair could recover towards the 55 simple moving average (4-hours) if it clears the $360 resistance.Ethereum price is showing a few positive signs above $340 against the US Dollar. It seems like...

Andrew Bailey – governor of Britain’s Central Bank (BCF) – is clearly not a bitcoin fan.Andrew Bailey: BTC Has No Connection to MoneyIn a recent webinar hosted by the financial institution, Bailey took the time to explain bitcoin, stable currencies and central bank digital currencies (CBDCs). While he was relatively positive about the latter two entities, bitcoin appeared to rub him the wrong way, and he wasn’t very complimentary of the world’s number one digital currency by market cap.In the...