Markets

ADA price is gaining pace above the $0.4200 zone against the US Dollar. The price is now trading above $0.400 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.4410 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.441 and $0.450 resistance levels. Cardano’s price is rising above $0.400 against the US Dollar, similar to Bitcoin. ADA price could resume its...

Ethereum price is moving higher above the $2,000 resistance against the US Dollar. ETH price is now trading above $2,000 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $2,060 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $2,000 support zone. Ethereum price is rising above the $2,000 level against the US Dollar. ETH/USD could rise further if it clears the $2,140...

TrueUSD (TUSD) has emerged as the fifth largest stablecoin by market cap after Binance began using the token as its dollar-pegged crypto of choice in late February.  Last week, the BTC/TUSD trading pair surpassed 50% of Binance’s Bitcoin trading share, overtaking BTC/USDT. Is TUSD Tether’s Next Rival? According to an analysis from crypto market data provider Kaiko on Monday, BTC/TUSD became the largest Bitcoin market on Binance last week following a period of overwhelming...

Securities and Exchange Commission (SEC) Chair Gary Gensler’s crusade against the crypto-asset industry has prompted political pushback. United States Representative Warren Davidson is the latest to retaliate. The Ohio Representative said he is introducing legislation to remove Gensler as the SEC boss in a bid to “correct a long series of abuses.” SEC’s ‘Unconstitutional Overreach’ The announcement comes after the SEC said that it would “modernize” the proposed redefinition...

Ethereum’s price has been extremely bullish over the past few weeks, climbing higher each week. While there are numerous signs that the bear market is over, some worrying signs are emerging in the short term. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, the price has been rallying aggressively after breaking the large symmetrical triangle to the upside. Currently, ETH is targeting the $2200 resistance level and is approaching it quickly. Yet,...

Ripple went through a considerable increase, but its upward trend slowed down upon reaching the critical resistance level of $0.58. Nevertheless, it appears to have a bullish perspective on the weekly timeframe. Technical Analysis By Shayan The Weekly Chart After a significant spike, XRP has successfully broken through the multi-year descending trendline, a key level on the weekly timeframe, providing a positive market sentiment. However, the price now faces two substantial...

The Volkswagen ID7 is not only appealing as a high-performance electric vehicle, but it is also one that is built to be largely affordable, compared to current market alternatives. German multinational vehicle maker, Volkswagen Group (ETR: VOW3) has introduced its latest car, the ID.7, billed as the first all-electric Volkswagen for the upper mid-size class. According to the description of the vehicle by the company, the ID7 is branded as the very first Volkswagen product that comes with a...

Ethereum has delivered an extremely strong performance by gaining more than 10% since the Shapella upgrade. Ether (ETH) has successfully delivered a very strong performance shooting past $2,100 levels and hitting a new 11-month high. As of press time, ETH is trading at $2,087.83 with a market cap of $249 billion. This strong price performance comes despite more than 1 million ETH being withdrawn from the Ethereum Beacon Chain just within the first four days of the Shanghai hardfork...

The surge followed shortly after reports surfaced that THG has now received a buyout proposal from private equity firm Apollo. Shares of THG Plc (LON: THG), formerly known as “The Hut Group,” have seen an unprecedented rise in the last 24 hours, surging by at least 47%, per a Bloomberg report. As of publication, however, THG stock price has slightly re-traced its steps but is still up 36% on the day and is trading at 90 GBX. The development will be a much-welcome one among investors who...

After Kwon was arrested, the prosecutors indicated that he had paid the law firm before the collapse. As the legal battle between Do Kwon and South Korean prosecutors continues, the prosecutors stated that the CEO of Terraform Labs Do Kwon transferred some money to a law firm before TerraUSD and Luna crumbled. There are reports about the crypto entrepreneur sending 9 billion won ($7 million) to local law firm Kim & Chang just before the demise of the tokens he created. Do Kown is the...