Markets

Recently, bitcoin took a nasty dive of approximately $600 despite being on the verge of crossing the $12K threshold.Bitcoin Dives, and Gold Does the SameAs late as Monday, the world’s number one digital currency by market cap was trading for over $11,900, meaning it was just a few dollars away from breaking present resistance and moving even further up the financial ladder. Sadly, this wasn’t meant to be as the asset ultimately drove itself back to the $11,300 mark just 24 hours later.Bitcoin...

Bitcoin price continues to remain inside the bullish ascending triangle, despite several attempts from bearish traders in the last three days to break through the pattern’s vital up-trending support.On the 4-Hour BTC/USD chart, we can see that bulls have successfully eaten up all 6 of the candles that wicked down beneath the support, but have so far been unable to break back above $11,600.Now, the price action appears to be pushing sideways while both bulls and bears recover.Looking across to...

The reality of the oil market didn’t discourage the Iranian president from trying to presell its 220 million barrels of energy to its citizens.Authorities in Iran are encouraging its citizens to get more involved in investments in the oil sector. This is despite the fact that oil has not performed well as an asset this year.The statement by the president of Iran, Hassan Rouhani, that was televised on Wednesday showed him say that the USD and gold were bad options for investors. He said that...

Chainlink surged by another 18.5% today to bring the price for the coin as high as $17.90.This move created a new ATH value for LINK and allowed it to claim the 5th ranked position according to market cap.Against Bitcoin, LINK also created a new ATH value as it reached as high as 153,000 SAT today.LINK/USD: LINK Pushes Into Fresh ATH at $17.90Key Support Levels: $16, $15.10, $14.Key Resistance Levels: $17.90, $19, $19.50.Chainlink is showing zero signs of slowing its pace after it surged by a...

Coinbase customers in the US will have the opportunity to receive cash loans against their Bitcoin holdings. If approved, the company’s clients might get their loans in two to three days.The Waiting ListAs per an official recent announcement, Coinbase has set a specially designated waiting list for their customers, who might like to take up on the offer and borrow a given amount of cash. The main idea is that via this new opportunity they will have some more control over their crypto...

Stellar lumen price started a steady decline from the $0.1180 resistance zone against the US Dollar.XLM price declined below the $0.1080 support level and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.1050 on the 4-hours chart (data feed via Kraken).The pair could extend its decline towards the $0.0950 support before it might start a fresh increase.Stellar lumen price is slowly moving lower below $0.1050 against the US Dollar, while...

Bitcoin price is holding a couple of important supports near the $11,200 level.The price is slowly rising, but it struggling to clear $11,600 and the 55 SMA (H4).There is a key bullish trend line forming with support near $11,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must clear the 55 SMA and the $11,600 resistance to restart its rally in the near term.Bitcoin price is showing a few positive signs above $11,000 against the US Dollar. However, BTC must...

The leading cryptocurrency data aggregator website CoinMarketCap has launched a new earning initiative for users. Dubbed CoinMarketCap Earn it will enable customers to watch educational videos and complete quizzes about certain digital assets and receive a pre-determined amount of coins as rewards.CMC Earn Is LiveThe official announcement from the popular data aggregator asserted that the new program will be a “place for crypto enthusiasts to learn more about a crypto-asset while getting...

The DeFi space continues to amaze as there’s something unbelievable happening almost every other day.YAM – a cryptocurrency created less than a day ago with absolutely no economic value at launch, is currently trading at over $150.And that’s not even the part that’s hard to grasp. In less than 24 hours, the cryptocurrency community has locked $500 million in DeFi protocols to farm YAM. This led to a market-wide increase as all of the supported protocols see their native tokens skyrocket.YAM...

Tezos increased by 8% today as the coin reached the $4.40 level, which is the all-time high recorded two days ago.Against Bitcoin, Tezos surpassed 38,000 SAT and recorded its highest level against Bitcoin since February this year.XTZ/USD – Bulls Seek For New All-Time HighKey Support Levels: $4.00, $3.91, $3.58.Key Resistance Levels: $4.45 (current all-time high), $4.60, $4.80.Tezos has surged by a solid 35% this week as the coin pushed higher. The coin reached the $4.26 (1.414 Fib Extension)...