Markets

Stellar lumen price is gaining pace below the $0.120 support zone against the US Dollar. XLM price is now trading below $0.120 and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $0.1180 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1115 support zone in the near term. Stellar lumen price is trading below $0.1200 against the US Dollar, like Bitcoin. XLM price could...

XRP price started a fresh decline from the $0.600 resistance against the US dollar. The price is now trading below $0.585 and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $0.5715 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.532 support zone. XRP price is struggling below $0.600 against the US Dollar, unlike Bitcoin. The price could...

Several crypto exchanges are taking steps to adhere to recently imposed regulations by the UK government. These regulations require crypto entities to inform users about the risks associated with trading digital assets and to promote their services responsibly. These measures have been implemented as part of the Financial Services and Markets Act in the UK, which has expanded its scope to include firms dealing with crypto and stablecoins, subjecting them to the same...

Following an extended period of sideways consolidation, the price underwent an unforeseen impulsive cascade, breaching the lower boundary of the range. Consequently, the market appears to have transitioned into a phase of successive bearish movements, signaling prevailing negative sentiment. By Shayan Ripple Price Analysis: The Daily Chart Examining the daily chart reveals that Ripple has decisively broken below its multi-month sideways consolidation range, experiencing a...

After the highly volatile first business week of the new year, BTC has calmed slightly and remained at around $44,000. Most altcoins are also quieter today, but the weekly charts showcase a different story, with numerous ups and downs. BTC Stalls at $44K It’s safe to say that the first week of 2024 was quite eventful. It all started with a massive leg-up on Tuesday that drove the primary cryptocurrency to a 21-month peak at nearly $46,000, perhaps fueled by anticipations of...

Crypto market participants are moving to the sidelines, leading to low activity in the derivatives market as the date for the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin exchange-traded funds (ETF) approaches. According to a weekly report from market intelligence platform CryptoQuant, the decline in derivatives market activity is due to the rising costs of opening long positions and the spike in profit-taking among investors. Sell Orders Dominate...

Bitcoin faced enhanced volatility on Friday as well, dumping in minutes to $42,600 before jumping to $44,400 and ultimately settling below $44,000. Many altcoins have charted massive price declines over the past 24 hours, with AVAX, ADA, SOL, and LINK leading this adverse trend. Dominance on the Rise: Bitcoin Although it has been less than a week since the start of the new year, BTC has already recorded several massive price movements in either direction. It all started on...

TL;DR Ripple’s XRP saw a significant price rally in 2023, and its future success depends on several factors, including technological advancements in cross-border payments. Legal developments, particularly Ripple’s ongoing lawsuit with the SEC, are critical in determining XRP’s future. The outcome could significantly impact investor confidence and the cryptocurrency market. Analysts and experts have varying predictions for XRP’s future price, with some laying out extremely...

The Securities and Exchange Commission has been in the crypto community’s minds for the past few years, mainly due to the attacks it launched against numerous companies and projects. Now, though, the agency is expected to finally greenlight a spot Bitcoin ETF in the US after a decade of rejecting all proposals. ETF Next Week? The start of the new year began a lot of hope for crypto investors and all the companies that have filed with the SEC to launch a spot BTC ETF in the...

This week has been quite eventful in terms of Bitcoin’s price action. In general, the total market capitalization increased by some $20 billion, which came on the back of a slight uptick in BTC. Most of the altcoins are trading in the red, so let’s have a look at what happened. First things first, Bitcoin is currently sitting at slightly below $44K, registering an increase of 2% for the past seven days. This also makes it the best performer from the top 10… by far. The week...