Markets

Bitcoin cash price started a fresh decline below the $220 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $220 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $200 resistance zone. Bitcoin cash price is declining below the $200 zone against the US Dollar,...

Bitcoin’s price plummeted on Thursday to $25,300, touching lows the asset has not seen in the past two months. The event triggered nearly $1 billion in liquidations across the entire crypto market. Bitcoin slightly rebounded after the crash, trading for $26,386 at writing time. The last time Bitcoin traded this low was in mid-June, shortly after Binance and Coinbase were sued by the Securities and Exchange Commission (SEC), and shortly before BlackRock announced its bid for a...

Shiba Inu (SHIB), Pepe (PEPE), and Bone Shibaswap (BONE) are among the top five trending coins in the market today. Interestingly, none of them is making the headlines for a good reason. Data from CoinMarketCap indicates the three meme coins are currently all in the red. BONE is down 12.83% in the last 24 hours, and more than 20% over the last seven days. On its part, Shiba Inu is currently 8.16% below its price from the previous day and 10.5% over the week. At 2.15%, PEPE...

Blockchain analytics platform Santiment revealed that the increased short positions in the crypto market provide an opportunity for bullish investors to position themselves for an uptick in prices. In a recent tweet, Santiment said traders have doubled down on their short positions due to the market’s current downturn. Traders Bet Against Crypto Markets With many traders betting against the market, the likelihood of liquidation increases and, possibly, the prices of assets...

Well-known cryptocurrency market analyst, Michael van de Poppe, anticipated a strong surge in Shiba Inu (SHIB) price, exceeding 44% in the coming weeks. This bullish outlook relies on SHIB holding on to three key support levels long enough to reestablish an upward trajectory. In stark contrast to the current crypto market demeanor, which remains predominantly devoid of action, SHIB, currently ranked 15th by market cap, has been on-and-off with its price action recently. SHIB...

CoinspeakerCME Group and CF Benchmarks Floats BTC and ETH Reference Rates in APAC This strategic collaboration aims to provide market participants with accurate and timely pricing information, fostering greater transparency and confidence in the evolving digital asset space. CME Group and CF Benchmarks Floats BTC and ETH Reference Rates in APAC

CoinspeakerCoinbase’s Crypto Futures Approval Seen as a Big Deal  For many in the crypto industry, this approval signifies a notable regulatory achievement for both the company and the broader crypto landscape due to the ongoing legal battle between the exchange and the US SEC.  Coinbase’s Crypto Futures Approval Seen as a Big Deal 

CoinspeakerBitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions Despite challenging market conditions, BitGo secures massive funding as it successfully navigates through the uncertainties in crypto regulations. BitGo Successfully Completes $100 Million Fundraise Despite Rough Market Conditions

EOS price started a fresh decline from the $0.730 zone against the US Dollar. The price is now trading below $0.70 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.6720 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 $0.672 and $0.700 resistance levels. EOS price is struggling below $0.700 against the US Dollar, unlike Bitcoin....

Litecoin is showing bearish signs and trading below $80 against the US Dollar. LTC price is now trading below $78 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $79.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $80 resistance zone. Litecoin price is struggling below $80 against the US Dollar, similar to Bitcoin. LTC price...