Crypto news

ETH/USD – Ethereum Retreats From Yesterday’s ATHKey Support Levels: $1275, $1230, $1200.Key Resistance Levels: $1350, $1400, $1424.Yesterday, ETH surged by a strong 12%, which allowed it to climb above a consolidation pattern and hit the previous ATH price. It even set a new ATH marginally higher, around $1439, before coming back down to close the day at about $1380.Today, Ethereum retreated and dropped by 8%. This was largely caused by a sharp drop in the price of Bitcoin, which also fell by...

The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation.As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of both Tether and Bitfinex.On this date, iFinex had to produce a bulk of documents requested by the office of the NYAG. The latter alleges,...

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges.Whales Prepare To Dump On Coinbase?Ever since BTC skyrocketed to its newest ATH of $42,000 in early January, the cryptocurrency has failed to maintain its advance. Just the opposite, bitcoin dipped on a few...

A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles.Consequently, the participants, most of whom are professional investors, predicted subsequent corrections.Bitcoin Is The Biggest Market Bubble?The primary cryptocurrency has been on a tear since early October 2020. BTC more than quadrupled its value since then to a new all-time high of $42,000. Despite retracing...

Bitcoin saw a sharp 8% price plummet over the past 24 hours as it lost almost $4K from its value in just one day. As of writing these lines, Bitcoin found support around $34,000, which is also the lower boundary of the symmetrical triangle pattern we mentioned here yesterday.BTC has been trading within this pattern since reaching the current ATH at $42,000 on January 8, 2020. Since then, we saw triangle consolidation for the past 12 days.It tried to push higher at the start of the week after...

[PRESS RELEASE – Please Read Disclaimer]The crypto exchange P2PB2B has just announced that the team is to launch their utility token PACT at the beginning of 2021.“We want to thank all those who have chosen our crypto exchange for trading and enhance our community to grow.”To do this, the P2PB2B team decided to create PACT. The new token has quite a symbolic name that means making a pact between the platform and its users. This “treaty” is expected to result in long and fruitful cooperation...

[PRESS RELEASE – Please Read Disclaimer]There is a problem in crypto right now: around 1.5 billion dollars in stable coins locked into liquidity on Uniswap, earning minimal fees while being frozen. Fortunately, FreeLiquidity “frees” up this liquidity to be used elsewhere, while still retaining the passive income generated. Users will easily be able to increase their passive yield while taking on very minimal increased risk. Best of all, the project just launched and thus you can still get in...

Tron price topped near the $0.0325 level and started a fresh decline against the US Dollar.TRX price is now trading well below $0.0312, but it is near the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.0291 on the 4-hours chart (data feed via Bitfinex).The pair could decline heavily if there is a clear close below $0.0290 and $0.0285 in the near term.TRON price is showing bearish signs below $0.0320 and $0.0325 against the US Dollar,...

Bitcoin price is struggling to clear the $37,800 and $38,000 resistance levels against the US Dollar.The price is now trading well below $36,000 and the 55 simple moving average (4-hours).There is a major contracting triangle forming with support near $35,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline sharply if it clears the $35,200 and $35,000 support levels.Bitcoin price is slowly moving lower below $36,000 against the US Dollar. BTC could...

Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies.A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic instability.The study, commissioned by Sherlock Communications, includes a survey of more than 2,200 people in Argentina, Brazil, Colombia, and Mexico to...