Crypto news

Ethereum saw a decline of about 7%, bringing the price for the coin beneath $160.Against BTC, ETH dropped lower but managed to find support at 0.018 BTC to rebound back above 0.019 BTC.Ethereum is now testing support at $159 and will likely head toward $146 if it collapses beneath.Key Support & Resistance LevelsETH/USDSupport:  $158, $152, $145, $133.50.Resistance: $172,  $175, $180, $186, $194.ETH/BTC:Support: 0.0188 BTC, 0.0185 BTC,  0.0181 BTC, 0.0171 BTC.Resistance: 0.0195 BTC, 0.020...

The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the last day, WEF announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins.Global Consortium For Digital Currency GovernanceThe World Economic Forum for 2020 took place at Davos the past week, and cryptocurrencies received a lot of attention. Yesterday, during its last day, the Forum...

Even though Peter Schiff’s lost bitcoins saga has been resolved, for now, it continues to attract the attention of the cryptocurrency community.The CEO of Binance, Changpeng Zhao (CZ), recently noted that Schiff helps Bitcoin as his negativism will push people to do the opposite of what Schiff trying to express.CZ On Schiff’s Lost Bitcoin DramaSchiff’s recent issues with his lost bitcoins became viral in social media, where the cryptocurrency community reacted quickly by implying that his...

Negative rates are becoming exceedingly popular among central and local banks around the world, and the trend extends in Germany with the start of 2020. Amid this, Bitcoin’s pre-programmed inflation rate raises the question if it could serve as a full-on alternative.Simply put, having negative rates means that instead of receiving interest income on cash deposits, the banking institutions charge a fee for storing the money. The general idea is to incentivize banks to lend more funds freely,...

A new kind of bitcoin exchange-traded product (ETP) is available for enthusiasts and hardcore traders to enjoy. Switzerland-based venture Amun AG has unveiled its new 21Shares Short Bitcoin ETP set to be traded on the Swiss SIX Stock Exchange.Amun Has Set Its Sights on Predicting Bitcoin’s Next MoveThe Short Bitcoin ETP is a tracker that claims to monitor the “opposite performance” of bitcoin. In other words, wherever bitcoin is going at press time – either up or down – the product will...

Elon Musk is weighing in on cryptocurrency and bitcoin, and while he sees promise in the space, he doesn’t think it’s all it’s cracked up to be.Musk Is Split Down the MiddleThis is an attitude most enthusiasts and Twitter followers could likely expect from someone like Musk. While the man has played a role in the community, that role hasn’t been particularly significant, and his contributions have been more speculative than straight-up valuable at best.In a recent interview, he states that...

Across trading pairs, XRP is charting a loss of 1.24% at the moment.Against Us Dollar, XRP looks for a strong rebound level while captured in a falling wedge.Bearish bias may elapse beyond expectation if XRP fails to find support on channel pattern.XRP/USD: XRP Sharply Bounced Near $0.21 Support, Has the Correction Ended?Key Support Levels: $0.21, $0.20Key Resistance Levels: $0.23, $0.25XRP/USD Chart. Source: TradingViewSince our previous price analysis, Ripple’s XRP saw a lot of selling...

It looks like bitcoin is beginning to lose some of the momentum it first gathered at the beginning of the month.Bitcoin Is Traveling SouthThe world’s number one cryptocurrency by market cap is currently trading for just over $8,300. This marks a nasty fall from yesterday’s high $8,600 range, which it had managed to sustain for several days. To be fair, however, most of the cryptocurrency space is trading at dismal numbers, with entities like Ethereum, Ripple and Litecoin all having fallen by...

Blockchain firm Bakkt stole the show at the sideline of the World Economic Forum (WEF) held in Davos Switzerland by announcing the launch of its new consumer application that would look very much like a fintech app such as PayPal offers. Moreover, it will support all forms of digital assets, in addition to cryptocurrencies.Bakkt, the physically-settled Bitcoin Futures exchange created by the Intercontinental Exchange (ICE), is changing the way and manner in which crypto assets are perceived...

Bitcoin went through yet another week full of volatility and considerable market movements. The cryptocurrency decreased by a total of about $400 in the past seven days. This happens just before the Chinese New Year, and history revealed that it has historically been a rather bad time for Bitcoin. However, it’s also worth noting that the world’s largest cryptocurrency managed to defend the critical support levels at around $8,200 and $8,300 and bounced back from there. As such, it appears...