Markets

EOS price started a fresh increase above the $0.60 resistance against the US Dollar. The price is now trading above $0.612 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.6295 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.6600 and $0.6720 resistance levels. EOS price is rising above $0.6200 against the US Dollar, like Bitcoin. The...

Litecoin started a steady increase above $67.50 against the US Dollar. LTC price is now trading above $68 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $67.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $71.20 and $72.85 resistance levels. Litecoin price is recovering from the $67.00 zone against the US Dollar, like Bitcoin. LTC...

Data from previous crypto market cycles suggests that Bitcoin (BTC)’s dominance over altcoins will likely keep rising over the next several months, according to Glassnode. In a newly published report, the blockchain and market intelligence outlined how the leading crypto asset’s dominance is shaping up against the second largest crypto, Ethereum (ETH), compared to previous years. Ethereum Beating Gold, But Losing to BTC When weighed against gold, Bitcoin has appreciated by...

TL;DR XRP’s Price Predictions: XRP hit an 11-week high over $0.60 with varying predictions from analysts, ranging from short-term jumps to ambitious future values requiring substantial market cap growth. Whale Activity Surges: Large XRP investors have significantly increased their activity, reaching an all-time high in number and significant transaction values. October Transaction Peak: By October’s end, large XRP transactions surpassed $1 million, a three-month high. XRP to...

In 2023, Bitcoin has delivered remarkable gains, surpassing the initial recovery phase and resuming an upward trajectory. The crypto-asset’s price has been hovering a little over $34,000 as it continues to ride on the coattails of spot ETF hype. But it is approaching the overheating zone, something that investors should pay attention to. According to CryptoQuant’s latest analysis, investors should be “cautious” and not “over-bet on their investments. Bitcoin Approaching...

Technical Analysis By Shayan Ethereum’s recent market activity has introduced a sense of uncertainty, with the price consolidating within a narrow range and lacking a clear direction. The situation becomes pivotal if the price manages to surpass the 200-day moving average, indicating the potential for a significant surge. Examining the daily chart, Ethereum encountered a substantial resistance zone at the 200-day moving average, positioned at $1.8K. This led to a sideways...

The market expects the UK’s apex bank to hold off on increasing or decreasing interest rates even as economic data is falling. The Bank of England (BoE) is expected to hold UK interest rates on Thursday due to recorded price pressures and a decline in economic activity. At the moment, the market is pricing a 93% chance that the apex bank will not increase or reduce rates. UK inflation came in at 6.7% in September, higher than analysts expected but unchanged from August’s figure. The BoE...

The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis.  A flurry of activity in the crypto space last night grabbed the attention of industry watchers as the wallets associated with bankrupt crypto exchange FTX and its sister company Alameda Research transferred around $13.1 million in various digital assets to multiple exchanges overnight. Data from Spotonchain revealed that the...

The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts. In a strategic move to review its relations with customers, Circle, a leading and regulated stablecoin issuer, informed its individual account holders that they will not be serviced by the end of this month. Circle wrote an email to its individual customers informing them to redeem their coins before November 30, as only...

The AWS Blockchain Node Runners has so far integrated Ethereum (ETH) and Solana (SOL), thus making it a major step for the latter to become a Web 3.0 hub that supports scalable smart contracts. Solana (SOL), a leading smart contract blockchain with a smartphone in the market dubbed Saga mobile, has announced that infrastructure nodes are now available on the Amazon Web Services (AWS) Blockchain Node Runners repository for easy access by Web 3.0 developers. The Solana team announced the...