Markets

ADA price is correcting gains from the $0.380 zone against the US Dollar. The price is now trading above $0.300 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.30 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.320 and $0.335 resistance levels. Cardano’s price is rising above $0.300 against the US Dollar, similar to Bitcoin. ADA price could resume...

Ethereum price is eyeing an upside break above the $1,950 resistance against the US Dollar. ETH price is now trading near $1,900 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $1,890 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,880 support zone. Ethereum price is consolidating above the $1,850 level against the US Dollar. ETH/USD could rise again if it...

Major altcoins saw another strong correction as the global crypto market cap shrank by 0.5% over the past day. Solana plunged 4% over the past 24 hours, while Cardano fell close to 2% over the same period. The crypto market is facing a choppy week ahead as the threat of an SEC appeal against the recent Ripple ruling becomes more likely. Despite the bearish conditions, several tokens remain bullish due to their high utility. Launchpad XYZ is one such project that has recently...

Nansen – a blockchain data firm based in Singapore – has laid off about 50 people at the time of writing, suggesting the crypto winter is not fully over. Nansen Says Goodbye to Many Employees 2022 was marred by news of many large crypto firms and companies laying off employees. Big names like Gemini in New York and Coinbase joined the ranks, with the latter initially putting off plans to triple its workforce. Originally, Coinbase had the goal to become bigger than...

XRP – the native token of Ripple – has been one of crypto’s best performers ever since the enterprise blockchain provider notched a landmark win in its legal battle against the US Securities and Exchange Commission (SEC). According to Kaiko, XRP trades have recently comprised 21% of the total crypto trading volume, leaving BTC in second position with 20%. Ripple’s court victory acted as a catalyst for the native coin of the organization, which has soared by over 55% in the...

This week, the crypto market has exhibited significant volatility, with major coins like XRP and Stellar Lumens first seeing large gains, then experiencing sharp pullbacks. This volatility has yet to impact the progress of the crypto analytics project yPredict, which is currently in the midst of a highly-successful presale phase. However, with attention back on the crypto market, projects new and old are benefiting from renewed investor interest – setting the stage for a...

CoinspeakerTreasury Yields Decline as Investors Remain Cautious about US and Global Economy Treasury Yields are falling further due to general uncertainty in the market regarding interest rates and monetary policies. Treasury Yields Decline as Investors Remain Cautious about US and Global Economy

Stellar lumen price is attempting a fresh increase from the $0.125 zone against the US Dollar. XLM price is now trading above $0.120 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.134 on the 4-hour chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1420 resistance zone. Stellar lumen price is trading above $0.1250 against the US Dollar, similar...

Ripple price started a downside correction from the $0.9450 zone against the US dollar. The price is now trading above $0.650 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.775 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.780 resistance. Ripple price is consolidating near $0.750 against the US Dollar, similar to Bitcoin. XRP...

Several traditional media outlets reported recently that Binance, the world’s largest crypto exchange, has or will have to dismiss thousands of employees in the wake of its legal battle with US regulators. The company’s CEO confirmed the layoffs but disagreed with the “FUD” reported numbers of terminated staff members. CNBC, WSJ Reports Citing a person familiar with the matter, the Wall Street Journal claimed on Friday that Binance had already dismissed over 1,000 people as...