Crypto news

Following another drop to $52,500, bitcoin reacted positively and regained $2,000 of value in the following hours. However, the asset continues to be outperformed by most alternative coins, and its dominance is down to 48%. Ethereum reached yet another ATH yesterday, while BNB spiked well above $600. ETH’s Latest ATH; XRP Surged 15% Most alternative coins have been on a roll lately, with Ethereum leading the pack. After dipping below $2,000 a few weeks back, the...

Bitcoin cash price remained supported near $720 and started a fresh increase against the US Dollar. The price is now trading above the $850 support level and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $850 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $900 and $920 resistance levels in the near term. Bitcoin cash price is showing...

U.S. regulators are looking for ways to organize and adapt their laws to the rapidly changing world of cryptocurrencies. A bill to create a joint force between the SEC and CFTC to better understand and regulate cryptocurrencies has already been passed in the House and is ready to be introduced in the Senate. The Eliminate Barriers to Innovation Act of 2021 seeks to shed some light on the complicated regulatory landscape that hinders the development of cryptocurrency...

The Federal Service in the USA arrested a Russian-Swedish citizen Roman Sterlingov on suspicion of laundering nearly $336M in bitcoin for the last 10 years. The criminal will appear in court and face three charges – money laundering, money laundering without authorization, and unlicensed money transmission. The Fraud Over The Last 10 Years According to a recent report, US officials have arrested the leader of Bitcoin Fog – Roman Sterlingov. The Russian-Swedish admin of the...

While bitcoin is sinking into oblivion as of late (the world’s number one digital currency by market cap fell from around $64,000 two weeks ago to roughly $49,000 at the time of writing), it looks like Dogecoin continues to spike like there is no tomorrow, and many of its investors are raking in some serious profits. One is Glauber Contessoto, who recently became a Dogecoin millionaire. Contessoto Made a Valid Investment Decision Contessoto first began investing in the...

With the recent bitcoin crash, analysts are wondering what the heck could have happened to make the world’s number one digital currency fall by roughly $15,000 from its all-time high two weeks ago. Bitcoin Has Taken a Deep Dive There was a time when bitcoin seemed invincible. Everyone likely thought that the currency was going to stay above a certain threshold for some time. Sadly, it was not meant to be, and the currency has dropped significantly. Many traders and...

Billionaire investor and former hedge fund manager Mike Novogratz has always been a big fan of bitcoin along with other forms of crypto. In a recent interview, he commented about what has made the world’s primary form of digital currency last so long, and he talked about what was potentially causing the asset to surge the way it has. Mike Novogratz: This Is Just a Small Correction At the time of writing, the price of bitcoin has fallen by more than $15,000 from its...

BNB/USD – Bulls Eye Triangle Breakout Key Support Levels: $180, $157, $150.Key Resistance Levels: $200, $218, $240. BNB is performing well this week as it climbs back into the $600 resistance today. The cryptocurrency had been at this level last week but failed to close a daily candle above it. As a result, BNB headed lower until finding support at $477 (.382 Fib & 20-days MA) over the weekend. It rebounded from the 20-days MA on Monday and started to climb higher to...

Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm.   During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity he runs and the blockchain-based payment processor – Ripple.  As previously reported, Ripple has legal troubles in the US as the...

XRP/USD – Bulls Battles With Bearish .5 Fib Resistance Key Support Levels: $1.30, $1.25, $1.10.Key Resistance Levels: $1.42, $1.50, $1.55. XRP is up by a solid 8% this week as it starts to recover from the downtrend seen over the previous fortnight. The cryptocurrency found support at $1.00 on Monday and started to surge higher from there, spiking to $1.50 on Tuesday. Over the past couple of days, XRP struggled to close a daily candle above resistance at $1.42. This is...