Markets

Ripple price is trading nicely in an uptrend above the $0.2425 support area against the US dollar.The price seems to be eyeing a fresh increase above the $0.2600 and $0.2650 levels.There is a major bullish trend line forming with support near $0.2400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to grind higher towards $0.2800 once it gains strength above $0.2600.Ripple price is climbing steadily above $0.2500 against the US Dollar. XRP price remains...

Bitcoin price changed time and again with bull runs or bearish moves occurring after certain news about an economic or political event, government regulations, hacks on crypto exchanges, among others. But let’s take a closer look at each of these scenarios and how the news about these events had impacted the prices of cryptocurrencies.US-Iran Conflict Spikes Bitcoin’s PriceTensions surrounding the US-Iran war influenced the prices of digital assets. Bitcoin, for instance, surged by 5% after...

Many people still don’t think a bitcoin exchange-traded fund (ETF) is possible in 2020.An ETF Probably Still Won’t Happen, Survey Takers SayThe subject of a bitcoin-based ETF has been the cause of much controversy in the United States. The Securities and Exchange Commission (SEC) has been wary of such products and has commented that it doesn’t want to approve one until it has clear and direct evidence that the crypto industry is no longer subject to volatility and the same market manipulation...

Is bitcoin losing its way? According to Bloomberg, the network of bitcoin (BTC) – the world’s biggest cryptocurrency by market cap – is more centralized than ever.Is Bitcoin Becoming the Opposite of What It Was?One of the big problems that we continually see with various cryptocurrency blockchains is that they will often sacrifice security or decentralization for things like speed. While fast transactions are always nice, one needs to wonder if speed is worth it if it means putting people’s...

The Coronavirus has slowed sales of Apple‘s iPhones. Reports indicate that the technology giant decided to shut down its stores in China. This comes as the coronavirus has spread all over China and entered several other countries. Analysts have speculated that this decision amid the coronavirus could lead to a sales slowdown of up to 1 million iPhones. However, this accounts for only around 3% of Apple’s total annual Chinese iPhone sales. Analysts have speculated that this won’t affect the...

Bitcoin is yet too volatile to threaten the existence of cash, and the latter will survive, states a new report conducted by Deutsche bank. Moreover, the report claims that digital assets will help with rebalancing the global economic power.Deutsche Bank had seen better years than in 2019. The German bank had to layoff 18,000 of its employees during recent July as a part of a longer-term reduction plan to cut its workforce to 74,000 by 2022.As of writing these lines, the bank’s market cap is...

At its first policy meeting of 2020, the Federal Reserve didn’t change much. As expected, the Federal Open Market Committee decided not to raise interest rates. The Fed will keep repo operations in overnight money markets going until April.But Fed Chair Jerome Powell did walk somewhat of a tightrope trying to explain what the Fed is doing. The U.S. central bank has expanded its balance sheet by $390 billion since September. But one cryptocurrency has done the opposite.Many market watchers...

The total number of cryptocurrencies crawling all over the crypto space is now no less than a thousand. And more cryptocurrencies are rising by the minute.A little more than a decade since the first digital currency and we’ve had cryptocurrencies that failed their hyped potential and other ones that surprised us. In this article, we will be listing the top five cryptocurrencies you are better off paying attention to at the start of a new decade.We will touch on the past history, performance,...

Twitter’s Bitcoin emoji has been introduced. This has generated lots of excitement within the crypto space. Twitter’s cryptocurrency community has been on fire as the Bitcoin symbol has been trending. However, it could have been rather expectable. Twitter’s CEO Jack Dorsey has been known to be a Bitcoin fan for many years now. His recent tweet has got a lot of positive feedbacks.#bitcoin cc:@unicode— jack ??? (@jack) February 2, 2020The Bitcoin symbol was approved as a Unicode symbol in 2017....

Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency.Since then, we saw a correction of almost $300 down to a current daily low of $9130 (Bitstamp rate). On the bigger time-frame, in case this correction doesn’t go lower, it seems very healthy for the short-term since this level is a little above the 38.2% Fibonacci...