Markets

Stellar lumen price started a fresh increase above the $0.085 resistance zone against the US Dollar. XLM price is now trading above $0.085 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0875 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.0870 and $0.0850 support levels. Stellar lumen price is trading above $0.0880 against the US Dollar, similar to...

Ripple price is moving higher above the $0.385 level against the US dollar. The price is now trading above $0.385 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3910 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.4160 resistance zone in the near term. Ripple price is rising steadily above $0.390 against the US Dollar, unlike...

The non-profit organization – Stellar Development Foundation – announced joining a new advisory committee of the United States Commodity Futures Trading Commission (CFTC). According to the firm’s statement, SDF will be one of the four crypto-focused organizations at the Global Markets Advisory Committee (GMAC), which is one of the five active Advisory Committees overseen by the CFTC. The firm behind the Stellar blockchain will join representatives from traditional finance...

Most retail investors are still very much interested in investing in digital assets despite experiencing what is arguably the worst bear market in crypto history. According to a recent survey report by the social trading platform eToro, more than two-thirds, approximately 69%, of retail investors revealed that they are positive or have mixed feelings about the impact of the prolonged market downturn recorded last year. The remaining one-third, approximately 31%, stated that...

Shiba Inu was the most popular crypto in new wallets over the past week, an on-chain analytics firm recently found. Banking was a boring subject for the Baby Boomer generation, but in the Internet of programmable money, finance is fun. If asked to guess what they thought was the most popular first coin for new crypto adopters over the past week, many people would probably guess Bitcoin. But that doesn’t seem to be the case. Neither is it the number two crypto by market cap,...

Bitcoin has initiated an explosive rally after finding support amid the $16K price level. Since then, BTC surpassed the 100-day and 200-day moving averages at $18K and $19.6K. After a prolonged downtrend, the price breaking above the 200-day moving average is a substantial bullish sign for the market. If the bulls maintain the MA-200 level, adequate demand will likely return to the market, and the sentiment will continue in the short term. However, there is an evident bearish...

With the end of the week coming, bitcoin continued to gradually increase in value and tapped yet another multi-month high well above $23,000 before retracing slightly. Most altcoins have calmed on a daily scale, aside from OKB and APT. The latter has soared by almost triple digits in the past seven days. Bitcoin’s Recent Journey Bitcoin’s 2023 so far is in sharp contrast to 2022 and especially the end of last year. The cryptocurrency entered the new year at $16,500, and it...

The US-based cryptocurrency exchange – Coinbase – reportedly doubled down on its agreement with one of the most successful German soccer teams – Borussia Dortmund (BVB). The deal, which turned the platform into a Premium Partner of the Bundesliga club, will last until the end of June. Making the Collaboration Public Coinbase started its partnership with Borussia Dortmund in July last year by running ads on the video screens in the club’s stadium. According to recent coverage,...

According to a study by Bybit and Toluna, 64% of North Americans spend less than two hours or don’t research at all before investing in cryptocurrencies. Boomers (those aged 56-64) tend to be more cautious, focusing on technical factors and inspecting the market a few days before diving into it. Jumping on the Bandwagon Without Proper Analysis The cryptocurrency exchange – Bybit – and the consumer intelligence platform – Toluna – surveyed over 10,000 individuals to determine...

A group of investors that filed a class-action lawsuit against popular digital currency exchange Coinbase are now withholding their account information as a means of preventing their case from moving into arbitration territory. They want to see their situation escalate to the American court system and placed before a judge. Could Coinbase Find Itself in Court? The customers allege that the security measures initiated by Coinbase against hackers and cyberthieves were weak...