Markets

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EOS price started a fresh decline below the $1.20 level against the US Dollar. The price is now trading below $1.10 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $1.080 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $1.08 and $1.10 resistance levels. EOS price is struggling below $1.12 against the US Dollar, unlike Bitcoin. The price...

Litecoin started a fresh decline below the $92 zone against the US Dollar. LTC price is now trading below $92 and the 55 simple moving average (4 hours). There was a break below a key rising channel with support near $96 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $92 resistance zone. Litecoin price is struggling below $92 against the US Dollar, similar to Bitcoin. LTC price could continue...

Christopher Giancarlo– former chairman of the Commodities and Futures Trading Commission (CFTC) thinks that the outright opponents of central bank digital currency (CBDC) are mostly wasting their breath. During a speech at Consensus 2023 on Wednesday, he argued that government-backed digital dollars are largely inevitable, and will certainly exist in a world alongside private market stablecoins.  The Growth of CBDCs The former politician – commonly referred to as “Crypto Dad”...

It appears that the bulls may have celebrated too early, as the cryptocurrency market took a turn for the worse. After having surged to $30K earlier today, the price took a sudden u-turn and plummeted to $27K in less than an hour. This left close to $200 million in liquidated leveraged positions in the past hour alone. Upwards of 90% of the liquidations in the past hour were longs, accounting for more than $157 million. Binance and OKX account for the majority of the volume....

Following the CMA’s decision to veto the Microsoft-Activision deal in Britain, the computer software giant plans to appeal.  Britain’s Competition and Markets Authority has blocked Microsoft’s acquisition of gaming publisher Activision Blizzard (NASDAQ: ATVI). On Wednesday, the top UK regulator opposed Microsoft’s acquisition of the “Call of Duty” publisher. This verdict comes a month after the UK CMA deemed the tech giant’s impending control of Activision non-threatening to video gaming...

Ishan Wahi has cited reasons such as “modest, law-abiding and admirable life” and mental health for the court to consider a jail term no more than 10 months. In the latest court filing, crypto exchange Coinbase former product manager Ishan Wahi, who’s guilty of insider trading, has asked for a jail term of no more than 10 months. The lawyers representing Wahi have made an appeal to the court in their recent filings. First-Ever Insider Crypto Trading Case Wahi pleaded guilty to the...

Chinese tech giant Alibaba will cut the prices of its cloud services by up to 50% starting today as it hopes to grow the sector. Alibaba Group (NYSE: BABA) recently announced cutting its cloud prices by 50% to spur business growth. The Chinese tech giant seeks to carve out a bigger share of its local cloud market amid increasing competition. By drastically reducing the prices of cloud-based products and services, Alibaba hopes to better compete with the likes of Tencent. Reports state the...

Tron price started a fresh increase from the $0.0625 level against the US Dollar. TRX price is now trading near $0.0660 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.0665 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0672 resistance zone. TRON price started a fresh increase above $0.0625 against the US Dollar, similar to Bitcoin. TRX’s price could rise...

Bitcoin price is correcting losses from the $27,000 zone against the US Dollar. The price is now trading near $28,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $29,250 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $29,250 resistance zone. Bitcoin price is rising from $27,000 against the US Dollar. BTC might eye another increase if...