Markets

Ethereum witnessed a sharp 7% price drop over the past seven days as it trades at $156.However, over the past 5-days, Ethereum has been trading sideways between $155 and $160.Against Bitcoin, the bulls are controlling the market after rebounding at 0.0229 BTC to trade above 0.0232 BTC.Key Support & Resistance LevelsETH/USD:Support: $155, $150, $143.Resistance: $160, $165, $170.ETH/BTC:Support: 0.0229 BTC, 0.0223 BTC, 0.0219 BTC.Resistance: 0.0235 BTC, 0.024 BTC, 0.0247 BTC..ETH/USD –...

The private American venture capital firm, Andreessen Horowitz (a16z), intends to raise $450 million for a second cryptocurrency investment fund, according to a report. The company already raised $300 million in 2018 for its first-ever investment fund devoted to cryptocurrency-related businesses.A16Z To Raise $450M?The Financial Times reported yesterday that Andreessen Horowitz will be raising $450 million for a second cryptocurrency investment fund. By citing “two people briefed on the...

ADA price declined sharply after it failed to surpass the $0.0375 resistance against the US Dollar.It traded as low as $0.0319 and it is currently correcting higher.There is a major bearish trend line with resistance near $0.0342 on the 4-hours chart (data feed via Kraken).The price is likely to restart its downtrend if there is no break above $0.0350.Cardano price is showing a few recovery signs against the US Dollar, similar to bitcoin. ADA price must surpass the $0.0350 resistance to start...

Since the coronavirus crisis had started, in the second week of March, we mentioned the obvious correlation between Bitcoin price and the global markets.Since the crisis started, the lowest point of Bitcoin was reached together with the S&P 500’s low, and the impressive correction can be seen on both assets’ charts.However, unlike the S&P 500, which reached a new April high following Tuesday’s 4% rally, and Gold’s 8-year high, Bitcoin barely moved. Is it a bearish sign? It could...

Bitcoin price declined and tested the $6,550-$6,600 support area against the US Dollar.It is currently correcting higher and trading above the $6,800 level.There is a major bearish trend line forming with resistance near $7,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must surpass $7,050 and $7,200 to start a strong upward move in the near term.Bitcoin price is struggling to recover above $7,000 and $7,200 against the US Dollar. BTC could resume its decline...

Peer-to-peer (P2P) trading platform Oobit has joined hands with Coinbase, one of the largest and most popular cryptocurrency exchanges in the U.S., to give its customers wallet and custodial services.Oobit Is Making It Easier to Get VerifiedIn addition, Oobit is working with the exchange to establish what called the Oobit Pass, a new tool that allows users to verify themselves and satisfy know your customer (KYC) procedures quickly so they experience no delays in trading.The co-founder of...

The crypto market has been up and down since the weekend, with assets like bitcoin losing more than $500 from its price on April 10.Bitcoin Is Tumbling Down the StairsLast week marked a solid end to what appeared to be a longstanding bearish cycle that was repeatedly striking the world’s primary cryptocurrency by market cap. The currency had initially struggled – and struggled hard – to relieve itself of the measly and miniscule $6,000 range it had been stuck in for several weeks. Finally,...

The popular blockchain company for capital markets, tZERO, announced a new collaboration with the Tezos Foundation. The Overstock subsidiary aims to support more blockchain platforms outside of Ethereum. Therefore, the firm’s digital securities protocol will also utilize the Tezos blockchain.tZERO On Tezos BlockchaintZERO, the blockchain project of the giant American internet retailer – Overstock – announced its newest partnership with the Tezos Foundation earlier today. Consequently, its...

Tron price topped near the $0.0140 level and declined sharply towards $0.0120 against the US Dollar.TRX price is currently correcting higher from $0.0120, but it is facing many hurdles.There is a key bearish trend line forming with resistance near $0.0130 on the 4-hours chart (data feed via Bitfinex).The price could either surge above the $0.0130 resistance or it might continue below $0.0120.TRON price is showing a few bearish signs below the $0.0130 resistance against the US Dollar, similar...

Ethereum price is currently recovering from the $150 support area against the US Dollar.ETH price is likely to fail near the $160 and $164 resistance levels in the near term.There is a crucial contracting triangle forming with resistance near $165 on the 4-hours chart (data feed from Coinbase).The price could correct a few points, but it is likely to struggle near the $164-$165 resistance area.Ethereum price is showing a few bearish signs below the $165 pivot level against the US Dollar....