Crypto news

EOS price is eyeing a fresh increase from the $0.920 support against the US Dollar. The price is now trading above $0.980 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $1.10 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $1.100 and $1.145 resistance levels. EOS price is recovering above $0.920 against the US Dollar, like Bitcoin. The...

Litecoin is gaining pace above the $80.00 resistance against the US Dollar. LTC price is now trading above $82.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $88.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $86.50 and $88.00 resistance levels. Litecoin price is recovering from the $75 zone against the US Dollar, like Bitcoin....

According to Fortune, Binance.US is facing significant challenges, including forced layoffs and a decline in revenue, following legal actions initiated by the U.S. Securities and Exchange Commission (SEC). In newly released court documents, Binance.US Chief Operating Officer Christopher Blodgett disclosed that the company has been compelled to terminate over 200 employees, amounting to two-thirds of its workforce, since June. Forced Layoffs and Revenue Plunge This downsizing...

WOOFi, a decentralized finance platform, experienced an exploit on March 5th that targeted its swap feature on the Arbitrum network. The event resulted in a loss of approximately $8.75 million in crypto assets. The platform said it has initiated efforts to recover these funds and has offered a 10% whitehat bounty to the exploiter. Additionally, a bounty has been placed on Arkham Intelligence for anyone providing additional information. WOOFi’s Exploit According to the...

Monero (XMR), the privacy-focused cryptocurrency known for its untraceable transactions, witnessed a considerable surge in price in early February 2024, reaching as high as $168.7. However, this upward trajectory proved unsustainable, and XMR has since experienced a significant correction, currently trading around $144. This article delves into the factors behind the recent Monero rally, its subsequent decline, and the emerging trend of crypto whales shifting...

Bitcoin reached a fresh all-time peak, surpassing $69,300 this week, only to swiftly correct by over 10%. Prior to this event, the open interest in Bitcoin futures and perpetual pairs surged to unprecedented levels. Despite Bitcoin’s overall gain of almost 55% in the past month, the sudden drop in its value has left investors uncertain about its future trajectory. However, Santiment suggests that ‘speculative excess’ has been temporarily removed from the markets. Open...

TL;DR Shiba Inu’s team hints at new advancements associated with the meme coin, sparking community speculation. SHIB’s price surged 300% in the past month, highlighting the token’s volatility amidst a broader crypto market rally. What’s Coming Next for SHIB? Shytoshi Kusama, the lead developer of Shiba Inu, said the team behind the popular meme coin has been busy recently, participating in meetings and “talking to the other side of the world” regarding the introduction of a...

Bitcoin has achieved a significant milestone by reaching its all-time high of $69K after 847 days, reflecting a notable surge in confidence within the cryptocurrency market. However, this achievement is accompanied by expectations of heightened volatility in the mid-term, leading to the liquidation of numerous futures market positions. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart highlights Bitcoin’s impressive rally, driven by...

After a period of heightened buying activity and increased bullish momentum, Ethereum has successfully reclaimed a crucial resistance zone, notably the previous major yearly high at $3.6K. This breakout, if confirmed by a retest, sets the stage for ETH to potentially establish a new all-time high in the near future. By Shayan The Weekly Chart An in-depth analysis of the weekly chart reveals a significant bullish sentiment surrounding Ethereum, as evidenced by a substantial...

Ripple’s recent price movement has been marked by extreme volatility, particularly following a breakout above the upper trendline of a sideways triangle pattern, reaching the critical resistance level of $0.66. This indicates a significant struggle between buyers and sellers, which will greatly influence Ripple’s future trajectory. By Shayan The Daily Chart Upon examination of the daily chart, Ripple’s price surge is evident as it breached a crucial resistance area...