Markets

EOS is currently consolidating losses in a range above the $2.665 support against the US Dollar.The price is facing many hurdles near $2.850, $3.000, and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $2.750 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could nosedive if it continues to struggle near the $3.000 resistance zone.EOS price is showing a few recovery signs against the US Dollar, similar...

Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day.Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches the 3 BTC mark once again.ETH Above $370The altcoin market sustained some severe losses in the past week. Nevertheless, they are displaying signs of recovery today, with green...

Litecoin price is currently consolidating losses above the $45.00 and $46.00 support levels against the US Dollar.LTC price is currently testing the $49.20 resistance level and it is well below the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $49.25 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $49.50 and $50.00 resistance levels to move into a positive zone.Litecoin price is currently...

Options – which provides cloud services to financial firms all over the world – has announced it will be entering the crypto foray through its new client the Gemini Exchange in New York.The Gemini Exchange Is Becoming More Safe and SecureOptions has tied itself to monetary systems and companies across the globe. Among the services it offers are management solutions, market hosting, TCO reduction and top-of-the-line cybersecurity. Thus far, the company can claim more than 40 clients situated...

XRP saw a small 2.5% price increase today as the support at $0.236 continues to hold firm.The coin is trapped between $0.228 and $0.236 for the past 4-days of trading.Against Bitcoin, the 100-days EMA continues to show its strength as the bears fail to close beneath it.XRP/USD – Bulls Vehemently Defend $0.236 Support.Key Support Levels: $0.236, $0.22, $0.216.Key Resistance Levels: $0.244, $0.25, $0.264.After dropping from $0.3 earlier in the month, the bulls managed to defend the support at...

The Uniswap fork that got all the attention during the past week, Sushiswap, is moving forward with the migration of the liquidity locked in it.According to DeFi monitoring resource Zippo, there’s about $830 million locked in the protocol that will be migrated from Uniswap to Sushiswap. Spearheading the operation is the CEO of FTX.Liquidity Migrating Away from UniswapSushiswap is a fork of Uniswap with a twist – it adds a governance token, essentially turning it into a community-owned...

Having been in the crypto industry long enough to understand the perspective of the market, Digital Currency Group’s key attention to crypto exchanges is an indicator that the industry is growing immensely.The blockchain investment firm Digital Currency Group (DCG) has today announced the acquisition of a retail-focused crypto exchange Luno that also supports its own crypto wallet. The investment firm is popular in the crypto industry being the owner of the media outlet, Coindesk. Besides,...

Cryptocurrencies have gone in descending corrections again.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.However, even now, on the Bitcoin and Ethereum D1 charts, ascending patterns confirming a leap upwards are forming; note that those are the same patterns. However, there is room for another decline before the patterns are complete. Hence, the market...

According to Van de Poppe, the two gaps for BTC are at $9,700 and $10,600, and the further events will depend on which one will be reached first.After a pullback on Thursday and Friday, markets have recovered, with major tech stocks rebounding and crypto-assets strengthening. Bitcoin (BTC) was dithering around $10,000 last Tuesday and over the last seven days, it is 11.39% down. Some are afraid there is a risk of a further drop. However, Cointelegraph Markets analyst Michaël van de Poppe says...

The Apple Event is expected to focus on the iPhone 12, which is dubbed as the best model ever produced by the company.Giant smartphone maker Apple Inc (NASDAQ: AAPL) yesterday announced it plans to hold this year’s Apple Event virtually on September 15. According to details provided through its official webpage, the event will be held at Apple Park.Consequently, the news sparked a buy call in the Apple shares that had jumped approximately 2.60% at Wednesday’s pre-market trading session.Apple...