Markets

One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year. According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon. DZ Bank to Lead Crypto Trading Project The DZ Bank, a central bank in charge of the project, leads the cooperative financial network. Souad...

The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins. Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside. Yet, the uptrend may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate...

CoinspeakerVelar to Launch World’s First PerpDEX on Bitcoin with $3.5M Seed Fund Velar’s eventual product suite will include an Automated Market Maker (AMM), project launchpad, and PerpDEX. Velar to Launch World’s First PerpDEX on Bitcoin with $3.5M Seed Fund

CoinspeakerPlanetarium Labs Unveils ‘Prelude to Guild War’ Event as Future of Nine Chronicles M While the 'Prelude to Guild War' serves as a pilot event, it marks a crucial chapter in Nine Chronicles M's journey into the realms of Web3 gaming. Planetarium Labs Unveils ‘Prelude to Guild War’ Event as Future of Nine Chronicles M

Bitcoin cash price started a downside correction from the $245 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel or a bullish flag pattern forming with resistance near $240 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $232 and $230 support levels. Bitcoin cash price is declining from the...

TL;DR Analysts predict a short-term increase in XRP’s value, with some viewing the current moment as a “buy-the-dip” opportunity. Long-term forecasts are highly optimistic, reaching up to $594 by 2050, despite ongoing trends and the historical size of the cryptocurrency market. The Most Recent XRP Predictions Ripple’s XRP might have underperformed in the past month, but multiple analysts remain confident its price would thrive in the short term. According to the X (Twitter)...

EOS price started a fresh decline after it failed to clear $0.735 against the US Dollar. The price is now trading below $0.720 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.7000 and $0.7200 resistance levels. EOS price is struggling below $0.700 against the US Dollar,...