Markets

Stellar lumen price started a downside correction from the $0.1180 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 $0.100 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.10 and $0.102 resistance levels. Stellar lumen price is trading above $0.095 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.4950 zone against the US dollar. The price is now trading below $0.485 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.476 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.485 resistance zone. Ripple price is struggling below $0.485 against the US Dollar, similar to Bitcoin. XRP...

The Portuguese soccer megastar Cristiano Ronaldo launched a new NFT collection called “Forever CR7: The GOAT.” The digital items are live on Binance NFT Marketplace and depict historic goalscoring moments from his career. Ronaldo’s memorable bicycle kick goal against Juventus in 2018 is featured as a Super Super Rare NFT with a bidding price of 15,000 USDT.  A Closer Look of CR’s NFTs The world’s largest cryptocurrency exchange inked a deal with one of the greatest soccer...

Conor Grogan – the head of product at Coinbase – said he found $322,000 worth of digital assets that belonged to a person who was unaware of that since the funds were transferred after Ethereum’s hard fork in 2016. The executive discovered that the owner of the crypto stash had previously become a victim of hackers who drained their entire life savings. Lucky Day for Numerous Investors Thanks to Grogan Coinbase’s director announced on Twitter that he had tracked down “6+...

After the recent surge in Bitcoin’s price and the successful breakout above the significant $30K resistance level, the market is now undergoing a period of consolidation. However, noteworthy signals are emerging during this phase. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has repeatedly tested the $30K level since breaking above it recently. While this level has provided support so far, there are concerning indications in the form of a...

The United States Securities and Exchange Commission has issued a response to Coinbase’s recent filing, in which it claims that the exchange made a “calculated decision” to act as an unregistered securities intermediary. The company filed to dismiss the SEC’s charges back in June. The agency launched a full-on legal operation against two of the behemoths of the crypto industry in early June when it filed consecutive lawsuits against Binance (and its US affiliate) as well as...

Bitcoin (BTC)’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research. The firm published a report this week exploring drivers behind the asset’s strong performance in Q2, examining both market structure and on-chain data. Who Is Buying Bitcoin? As the report states, Bitcoin’s present tailwind to two critical events this year: the banking...

Similar to previous weekends, bitcoin has calmed and failed to produce any substantial volatility in either direction during the weekend as the trading volumes have declined. Most altcoins are with insignificant daily increases and decreases, aside from BONE, INJ, and SHIB. BTC Stalls at $30K After the previous calm weekend, bitcoin finally went on the offensive on Tuesday but was stopped in its tracks at just over $31,000. The subsequent rejection drove it south down to...

The stablecoin issuer announced the listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on XT.COM, which is being touted as the “world’s first social-infused exchange.” The latest move will enable users on the platform to access XAU₮ – which represents ownership of physical gold – as well as the ability to transact with EUR₮ – a stablecoin pegged 1:1 to the euro. The expansion news comes amidst increasing scrutiny in the stablecoin sector. The addition of EUR₮ and XAU₮ will...

The first Bitcoin ETF application was filed way back in 2013 by Cameron and Tyler Winklevoss. However, the US regulators have not approved any such application to date.  But now, they are seemingly under tremendous pressure, with some of the biggest players in traditional finance throwing their hats in the ring. Race for BTC ETF Hots Up  In the latest, the world’s largest fund manager – BlackRock – filed on June 15 for a spot Bitcoin investment trust fund through iShares, the...