Markets

Stellar lumen price failed to settle above the $0.0800 and $0.0820 resistances against the US Dollar.XLM price is currently declining and it is now trading well below the $0.0750 level.There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more downsides towards the key $0.0650 support area.Stellar lumen price is currently trimming gains against the US Dollar and bitcoin. XLM price could continue to...

Ripple price is currently declining and trading well below $0.2700 against the US dollar.The price is likely to continue lower and it may even test the $0.2420 support area.There is a major declining channel forming with resistance near $0.2635 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could only start a decent recovery once it settles above the $0.2760 resistance area.Ripple price is following a downtrend below the $0.2760 support against the US Dollar....

Privacy-centric Zclassic (ZCL) is skyrocketing after its founder Rhett Creighton decided to “put more ZCL in the hands of people.” Rhett Creighton offers 1,000 ZCL to his followers. | Source: TwitterIn the last 24 hours, ZCL jumped over 60% to hit a high of $0.45. The bullish momentum appears to be correlated with the increasing network activity this cryptocurrency has seen as more people join Creighton’s campaign. Zclassic is Trending Up Zclassic is a fork of Zcash (ZEC) that uses a...

China-based cryptocurrencies surge as bitcoin consolidates. If volume picks up, BTC could break above $9,700. One of the most prominent analysts in the industry shares his views on the pioneer cryptocurrency for this week. Following Chinese President Xi Jinping’s decision to embrace blockchain technology, many China-based cryptocurrencies have seen a significant spike in their market value. VeChain, for instance, has moved up a whopping 185% while NEO has skyrocketed nearly 100% since then....

Bitcoin hater Peter Schiff believes that speculators will start dumping bitcoin after the pot stock crash. The crypto asset and pot stocks do not have a correlation. Schiff’s argument stands defeated given that the two assets have entirely different characteristics. Peter Schiff doesn’t like bitcoin. He gets really happy whenever the price of the flagship cryptocurrency takes a hit. In fact, the market bear does not let go of any opportunity to take a swipe at the crypto asset, hoping that...

Over the past week, we didn’t see much volatility on behalf of Bitcoin; However, the cryptocurrency’s price was slowly losing momentum from day-to-day.The current weekly low is approximately the crucial support level of $8400. This was recorded twice – this morning and two days ago. It is not a coincidence, as this is also the ‘bottom’ of the bull falling wedge pattern Bitcoin had built throughout the past two weeks or so.The apex of this wedge is expected to take place around November 21,...

Many of the people working in the cryptocurrency industry had a negative banking experience. Some were prevented from accessing their funds while others lost their accounts. It’s no surprise that many people are working hard to disrupt the banking industry. Many of today’s leaders in the cryptocurrency space were victims of poor banking. To some, the experience was so bad that they are now spearheading the disruption of the banking system. For instance, Changpeng Zhao, chief...

The crypto world is seeing a huge influx of gold-backed stable currencies, and now Tether is adding a new one to the mix.Tether Is Getting Involved in GoldThe world could see the new “Tether Gold” cryptocurrency by the time Christmas rolls around this year. What is it about Christmas that seems to bring either great renown or floor-scraping gutter waves to the crypto space?Remember in 2017 during the holiday season when the number one cryptocurrency by market cap (we’re talking about bitcoin)...

The cryptocurrency market has spiked the interest from the media and regulators over the last several years. Its actual lack of established regulations leads to numerous alleged criminal activities, and the U.S. government is reportedly preparing to act against potential money-laundering schemes.The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, has recently said that the country is looking for a way to introduce more strict enforcements on several...

The last couple of days saw the entire cryptocurrency market bleeding as Bitcoin and altcoins all marked notable decreases.Bitcoin lost around 5% of its USD value at one point, as it dropped from a daily high of $8,800 to about $8,360 in just a few hours. The cryptocurrency managed to recover ever so slightly as it’s currently trading at around $8,470, still down about 2 percent on the day.As CryptoPotato reported, the support at $8,500 also represents the Golden Fibonacci level of 61.8%...