Markets

ADA price is showing positive signs above the $0.3800 zone against the US Dollar. The price is now trading above $0.380 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $0.3910 on the 4-hours chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.410 and $0.420 resistance levels. Cardano price is rising above $0.3850 against the US Dollar, similar to Bitcoin. ADA price...

Ethereum price is moving higher above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,850 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,860 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,850 support zone. Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it clears the $1,940...

Crypto market intelligence platform Santiment suggested that the number of bitcoin investors turning into long-term holders have been spiking recently. In addition, Glassnode determined that more than 50% of all BTC in circulation has not moved in the past two years. Almost 45 Million HODLers As analyzed by Santiment, the total amount of individuals and entities holding bitcoin for the long run has soared to almost 45 million, and the numbers have been rising at the fastest...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

Bitcoin appears to have hit a ceiling as the price continued to hover below the psychological resistance level of $30,000. This has led some to believe that the rally may soon come to an end since futures OI has been relatively flat throughout the year. But the options market has a different story to tell. Potential Bitcoin Rally? According to the latest chart by Glassnode, the amount of Open Interest in Bitcoin Options contracts has reached $10.3 billion. Its futures...

Bitcoin’s price dip below $28,000 seems to be short-lived as the asset has spiked back above that level and even tapped $28,500 hours ago. The altcoins are also slightly in the green. LDO has recovered some of yesterday’s losses, while STX has soared the most. BTC Returns Above $28K After the massive volatility last Monday, which brought BTC south by over a grand on fake news surrounding Binance’s CEO, the cryptocurrency performed slightly better and calmer in the following...

Binance notified about an issue affecting its Future users as only USD-Margined contracts were impacted. Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal. Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue. According to Binance CEO CZ, the crypto exchange is seeing several issues with Futures UM Rest service/API, which have affected...

Stellar lumen price started a downside correction from the $0.115 zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.1040 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1050 and $0.115 resistance levels. Stellar lumen price is trading above $0.1000 against the US Dollar, similar to Bitcoin....

Ripple price started a downside correction from the $0.5850 zone against the US dollar. The price is now trading below $0.512 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5080 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a major increase above the $0.5120 resistance. Ripple price is consolidating near $0.500 against the US Dollar, similar to Bitcoin. XRP price...

A 23-year-old professional with a major tech company who lost nearly Rs. 30 lakh (approx. $37,500) in the cryptocurrency market tried to commit suicide by jumping off a river bridge in Kolkata, India. A cab driver who noticed the young man on the Vidyasagar Setu (bridge) alerted the nearby police about his intentions. Borrowed to Invest in Crypto The police were able to prevent the techie from jumping off the famous bridge into the river, media reports said, without...