Crypto news

ADA price rallied above the $0.3000 and $0.3500 resistance levels against the US Dollar.The price is now correcting gains from $0.3982 and it is well above the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $0.3220 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher as long as it is above the $0.3200 support in the near term.Cardano price is correcting gains from the $0.4000 zone against the US Dollar, while...

Ethereum price gained bullish momentum and cleared the $1,250 resistance against the US Dollar.ETH price is currently trading well above $1,300 and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $1,250 on the 4-hours chart (data feed from Coinbase).The pair is eyeing an upside break above the $1,380 and $1,400 resistance levels.Ethereum price is trading in a bullish zone above $1,250 against the US Dollar. ETH/USD is likely to...

Bitcoin is trading for just over $36,000. Despite a recent $4,000 drop, the asset is still considered to be doing well by analysts and industry experts alike. However, the cryptocurrency is once again being outdone by several smaller coins, particularly those in the decentralized finance (Defi) space.Defi Is Seriously Outdoing the Ranks of BitcoinBitcoin has added roughly 300 percent to its price over the past year. It is the largest and most popular cryptocurrency by market cap, and has thus...

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC.The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative safe-haven instruments during these challenging times.Ruffer Investment Doubles-Down On BTCCryptoPotato reported in December that the founded in 1994...

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Kevin O’Leary of “Shark Tank” fame is in the news again for doing nothing other than bashing bitcoin for the umpteenth time. It just goes to show you that no matter how well bitcoin does, there are many doubters out there that will likely continue to spew angry or negative words towards what appears to be a growing store of value.Kevin O’Leary: Bitcoin Is a “Nothing Burger”Bitcoin is presently trading for well over $36,000. This is more than five times its size in January 2020. Nothing could...

The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday.According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts without any prior warning or reason.  20 Accounts Closed In Three YearsFlynn owns an AUSTRAC-registered crypto exchange with about 450 customers....

XRP/USD – XRP Bulls Holding .618 Fib SupportKey Support Levels: $0.263, $0.25, $0.23.Key Resistance Levels: $0.3, $0.32, $0.35.XRP might be down 11% over the past week after falling from resistance at the 200-days EMA, but the cryptocurrency is still trading within a consolidation pattern known as a symmetrical triangle.Over the past four days, XRP has managed to remain supported by the .618 Fib Retracement at around $0.263 and has recently rebounded from here. The cryptocurrency still has a...

Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow.The $40K Is the Key to Future Prospects for BTCAccording to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an omen to more eventual losses.The major financial institution strategists led by Nikolaos Panigirtzoglou said that the cryptocurrency is at risk of further...

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining.45,000 BTC Mining Machines Confiscated In IranLocal media outlets reported that the police had seized about 45,000 rigs that consumed 95 megawatts per hour (MWh) of electricity at lower prices.Head of the country’s...