Crypto news

Stellar lumen price is attempting a fresh increase from the $0.1165 zone against the US Dollar. XLM price is now trading near $0.140 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1355 on the 4-hour chart (data feed via Kraken). The pair could accelerate higher if there is a clear move above the $0.1500 resistance zone. Stellar lumen price is trading above $0.1250 against the US Dollar, like Bitcoin. XLM...

Ripple price started a downside correction from the $0.640 zone against the US dollar. The price is now trading below $0.6250 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.6200 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.5550. Ripple price is consolidating near $0.600 against the US Dollar, like Bitcoin. XRP...

The Stanford Blyth Fund, a student-run investment entity at the university, purchased Bitcoin (BTC) at $45,000 in February after a scholar pitched the asset during a meeting. According to a tweet by Kole Lee, a computer science major and leader at the Stanford Blockchain Club, the Blyth Fund has allocated approximately 7% of its portfolio to Bitcoin following the purchase. Stanford Endowment Buys BTC The Blyth Fund, created in 1978 by an anonymous donor in honor of legendary...

Bitcoin’s price is finally showing signs of breaking the previous all-time high to the upside. Cryptocurrency is entering uncharted territories, and predicting its upside potential becomes a lot more challenging. However, there are some hints interpreted from technical and on-chain analysis. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price is finally breaking the previous all-time high to the upside, with the price climbing toward the $70K...

The Federal Bureau of Investigation (FBI) has revealed that losses incurred from cryptocurrency investment fraud incidents increased from $2.57 billion in 2022 to $3.94 billion in 2023, representing a 53% increase year-over-year. According to the FBI’s Internet Crime Report 2023, criminals found more ways to scam victims, enticing their targets with promises of lucrative returns on their investments. Crypto Investment Fraud Increased in 2023 The FBI’s Internet Crime Complaint...

The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur Hayes is optimistic, seeing Ethena as the leading contender in the crypto space to deliver a synthetic USD based on a public blockchain. USDe is not...

This bull run is cyclical in nature, and these seven signals suggest it is just getting started. Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.” He was right! The spot rally on cryptocurrency exchanges surged to just past $70,000 on Friday, Mar. 5, before retracing to where it is currently. So, after crossing...

2022 saw the implosion of numerous cryptocurrency lenders, perhaps none more devastating for investors than the Celsius crash. What followed was a year-long violent bear market with depressed prices and little to no actual activity within the industry. Two years later, the landscape is entirely different. The entire market cap has more than tripled in the past several months, while BTC is closing on its all-time high against the dollar of $69,000. During the Crypto Expo...

Fidelity Digital Assets have stated in a recent report that while Bitcoin (BTC) holders typically anticipate the quadrennial reward halving to boost prices, miners must actively strategize to plan for the upcoming event to prevent going bankrupt. Notably, the halving event, expected on or around April 19, will reduce their earned Bitcoin by 50%. Bitcoin Miners’ Challenges as Halving Nears According to analyst Daniel Gray, miners must sustain their current hash rate, energy...

Moreover, it’s getting some new digs on Stock Twits, and another crypto exchange has added FLOKI to its trading pairs. FLOKI coin gained more in price on cryptocurrency exchanges last week than Pepe Coin, Dogecoin, Shiba Inu, Bonk Inu, or Wif. Furthermore, the Ethereum and Binance Smart Chain meme coin entered the top 60 biggest cryptocurrencies by market cap. Popular meme coin account DogecoinRise posted to X, formerly Twitter: “Floki has outperformed $PEPE, $DOGE, $SHIB,...