Markets

Solana price gained bearish momentum below the $28.00 level against the US Dollar. The price is now trading below $25 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $25.00 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but upsides might be limited above the $25 resistance. Solana price is trading in a bearish zone below $25 against the US Dollar, similar to...

Bitcoin price started a fresh decline below the $30,000 pivot level against the US Dollar. The price is now trading below $29,500 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $29,600 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $28,500 and $28,000 levels. Bitcoin price is declining below $29,500 against the US Dollar. BTC might...

Bahrain-headquartered crypto exchange Rain announced receiving the first Financial Services Permission (FSP) from Abu Dhabi Global Market’s Financial Services Regulatory Authority to operate a virtual assets brokerage and custody service. The license would enable Rain to offer institutional and retail clients in the UAE the ability to buy, sell and store digital assets. The brokerage will also allow users to on- and off-ramp to the UAE dirham. Announcing the development, Rain...

The world’s largest cryptocurrency exchange – Binance – will purportedly launch services on its new platform in Japan next month.  The firm pulled out of the Land of the Rising Sun in 2018 after having a major dispute with the local regulators.  Binance’s CEO – Changpeng Zhao (CZ) – has supposedly confirmed the news in a video conference in Tokyo on July 25 (as seen by Bloomberg). The exchange previously announced that it will start operating on the Japanese market after June...

Bitcoin (BTC)’s supply and demand dynamics suggest that the asset could surge as high as $180,000 by April 2024, according to a research note from Fundstrat on Monday. The forecast – which precedes the U.S. central bank’s next meeting – largely rests on a Bitcoin spot ETF being approved in the United States, which the markets research firm suspects will blow apart BTC’s current price equilibrium. The Impact Of A Bitcoin ETF At present, Fundstrat finds that Bitcoin experiences...

Ethereum’s price has once again failed to break above the psychological resistance level of $2,000. While the PA has been bearish over the past few days, there is hope that the market might rebound soon. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has been dropping since getting rejected around the key $2,000 level. The 50-day moving average is providing support near $1,850 at the moment. However, if it breaks down, the 200-day moving...

Bitcoin’s price has recently fallen below the key $30K support level. Despite this, investors still have hope that the market will rebound. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has been consolidating above the $30K level before dropping below it. The 50-day moving average, located around the $29K mark, is currently providing support for the price. If this level holds, the market will be more likely to rally toward the $38K resistance...

Ripple faced strong rejection when attempting to breach the significant resistance region at $0.55. Currently, it’s challenging to identify Ripple’s direction due to the choppy price action. The most likely scenario seems to be a consolidation phase for the mid-term. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart reveals that Ripple faced significant rejection upon reaching the crucial resistance zone at $0.85. This indicates robust selling pressure...

As the world’s second largest digital currency by market cap, Ethereum has made quite a name for itself over the last several years, but according to founder Vitalik Buterin, the asset is not going to do well in the future unless it makes a few changes. Vitalik Buterin on the Later Success of ETH In a blog post called “The Three Transitions,” Buterin said Ethereum is going to need “to evolve around transitions in Layer-2 scaling solutions, a move to smart contract...

CoinspeakerJapan PM Reaffirms Web3 Stance, Binance Poised for Return Meanwhile, Binance is preparing to launch its service on a new Japanese platform next month. Japan PM Reaffirms Web3 Stance, Binance Poised for Return