Markets

Tron price is trading above the $0.0130 and $0.0132 support levels against the US Dollar.TRX price is facing a major hurdle near the $0.01388 resistance level.There is a connecting bullish trend line forming with support near $0.0132 on the 4-hours chart (data feed via Bitfinex).The bulls seem to be aiming an upside break above the $0.01388 and $0.0140 resistance levels.TRON price is consolidating above key supports against the US Dollar, similar to bitcoin. TRX price must settle above...

Ethereum price is trading above the $128 and $130 support levels against the US Dollar.ETH price is likely to start another rally above the $135 resistance area.There was a break above a major bearish trend line with resistance near $129 on the 4-hours chart (data feed from Coinbase).The price remains well supported on the downside near the $128 area.Ethereum price is trading above key supports against the US Dollar. ETH/USD is likely to start a new upward move above the $135 and $140...

Analysts already predict TRX prices will fall if the Tron Foundation won’t burn them or use coins for some kind of very substantial development.  The current supply and demand proportion on the TRX market shows that the unlocking a new portion of tokens may serve a surprise to the loyal TRX holders.The TRON community was celebrating independence from the Ethereum blockchain back in 2018. As a symbol of the powerful event, the great coin burn happened. TRON had destroyed 1 billion tokens,...

Justin Sun, the founder of Tron (TRX) cryptocurrency and the CEO of the BitTorrent platform has announced a new acquisition for the platform. On Sunday, December 29, Sun announced that he has a special announcement on January 1, 2020, for the BitTorrent family.New acquisition for $BTT and @BitTorrent in three days. Stay tuned and welcome new members to #BitTorrent family! #BTT— Justin Sun (@justinsuntron) December 29, 2019Besides, Justin Sun has also mentioned that the new acquisition will...

Bitcoin’s market capitalization has grown by 1.4% over the past 24 hours and now stands at $ 197.1 billion. Trading volume also rose to $ 17.2 billion (+ 26.6%). The weakness of the Bitcoin consolidation made it lose a bit of dominance, which now stands at 68.08%.Bitcoin (-0.16%) uninterrupted with growth over the weekend, but with fears among buyers, while Bitcoin SV, Litecoin and Bitcoin Cash has grown by 3.5% over the past 24 hours. Also a solid momentum: Binance Coin (+ 5-15%), Ethereum...

Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree.In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment.Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at...

The application for the blockchain ETF was accepted by the CSRC on Tuesday, December 24. It was filed by Penghua Fund, an asset management company based in China’s Shenzhen city. While it is currently unclear how long is required before a response, the Chinese blockchain community seems to be carefully watching.First Blockchain ETF In ChinaThe product has been named the Penghua Shenzhen Stocks Blockchain ETF. Penghua intends for the ETF to track and mirror all blockchain firms with public...

There was some good news since our previous weekend price analysis, as Bitcoin returned to retesting the higher descending angle of the bearish triangle.However, yesterday we saw another fake-out when Bitcoin quickly turned down back under the confluence price area.A new weekend starts today, not a regular one since many traders are still on their vacation. The ones that are trading are not many, as the trading volume levels are close to the month’s low.The new week brings the usual Monday...

Stellar lumen price is currently consolidating above the $0.0450 support area against the US Dollar.XLM price might start a decent increase if it clears the $0.0480 and $0.0500 resistance levels.There is a key bearish trend line forming with resistance near $0.0465 on the 4-hours chart (data feed via Kraken).The pair seems to be forming a strong support base near $0.0450 and $0.0435.Stellar lumen price is sowing positive signs against the US Dollar, while bitcoin is climbing higher. XLM is...

Ripple price is showing positive signs above the $0.1900 level against the US dollar.The price must gain momentum above $0.2000 to start a strong rally.There was a break above a key bearish trend line with resistance near $0.1945 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains well bid near $0.1910 and it seems to be setting up for a large rally.Ripple price is trading within a broad range below $0.2000 against the US Dollar. XRP price is likely to surge...