Markets

As the global economy is going through a period of total uncertainty amid the crises of the last three years, individuals are increasingly searching for ways to protect their savings. Cryptocurrencies have emerged as a popular solution, offering financial independence and autonomy from government regulations. However, the cryptocurrency market has faced challenges due to global macroeconomic situations and inflation data, resulting in a prolonged period of decline...

Bitcoin cash started a strong increase above the $200 and $210 levels against the US Dollar. The price is now trading above the $210 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $190 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $225 and $232 to continue higher in the near term. Bitcoin cash price is climbing above $210 against the US Dollar, like...

Ripple is pushing a new upgrade to its XRP Ledger that will introduce a couple of very important features. In fact, the company’s CTO has, on multiple occasions, expressed his excitement over the upgrade and said that he’s very much looking forward to it. But this has also sparked a discussion on the impact of the implementation on XRP’s price. Let’s dive in. What’s The Fuss All About? As CryptoPotato reported, Ripple is about to implement an upgrade to its XRP Ledger that...

Coinbase, one of the world leaders in crypto services, is currently battling accusations of improper conduct in U.S. courts. The platform’s legal representatives have denied any wrongdoing, even going so far as to request the dismissal of the case. In spite of the accusations, Coinbase – and the platform’s CEO, Brian Armstrong – are generally viewed as a positive force in the market by institutional investors and even policymakers. As previously reported by CryptoPotato,...

The digital currency arena gave traders a bit of a scare in early August this year when for the first time in several weeks, the prices of many major assets – bitcoin among them – fell to new lows. BTC, for example, dropped below $29,000 for the first time in a while, sending all investors into a whirlwind of fear and concern. Bitcoin Fell for the First Time in Weeks Ethereum was the other major digital currency to dip alongside bitcoin. The second largest crypto...

EOS price started a fresh decline below the $0.580 zone against the US Dollar. The price is now trading below $0.580 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5600 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 $0.585 and $0.600 resistance levels. EOS price is struggling below $0.580 against the US Dollar, unlike Bitcoin....

Litecoin is slowly moving higher from the $57.50 support against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $60.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $64.20 and $65.80 resistance levels. Litecoin price is recovering from the $57.50 zone against the US Dollar,...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class. According to blockchain intelligence platform Glassnode, the market has been hovering on a relatively neutral level since April this year. This aligned with the slow-down in Bitcoin and Ethereum capital inflows and reflects a growing sense...

Binance continues delisting certain cryptocurrencies. It’s the world’s largest cryptocurrency exchange, and it’s important to keep tabs on the coins that are being removed from it because this usually carries certain implications. The exchange doesn’t cite the exact reason for its decision but says that there are multiple factors, low liquidity, and trading volume being among them. This time, Binance will remove and cease trading for the following pairs: At 03:00 UTC, the...