Markets

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Bitcoin cash price started a fresh decline from the $140 zone against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $129 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides might be limited above the $130 level. Bitcoin cash price is declining from the $140 zone against the US Dollar, similar...

With Bitcoin withdrawing toward $23k, blockchain analytics firm CryptoQuant has noted two data points to keep in mind while monitoring the asset’s future short-term price action.  Analysts for the company found that some large players appear to be topping up the market with sell pressure – including Bitcoin miners.  Dump Alert? According to CryptoQuant analyst abramchart, whale activity is rising on Bitcoin spot exchanges.  The Bitcoin Exchange Whale Ratio – a metric...

Protocol Labs – an early pioneer of blockchain and web3 technology – has let go of more than 89 people, which amounts to roughly one-fifth of its present staff count. Protocol Labs Is Letting Go of A Ton of People The firm is backed by financial players like Andreesen Horowitz. Protocol states the decision to let people go has to do with the present market conditions and the overall bearish sentiment of the digital currency industry. At this stage, more than 26,000...

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EOS price started a fresh increase from the $1.08 support against the US Dollar. The price is now trading above $1.15 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $1.22 and $1.232 resistance levels. EOS price is rising above $1.15 against the US Dollar, similar to bitcoin. The...

Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading above $94 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance at $94 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $98 and $100 resistance levels. Litecoin price is showing positive signs above $94 against the US Dollar, similar to bitcoin. LTC...

Visa’s crypto head dismissed an earlier report from Reuters about the company halting crypto-related launches as inaccurate. Instead, he said Visa will continue to partner with more cryptocurrency firms that can facilitate stablecoin payments, despite the ongoing bear market. Visa Exec Refutes Reuters Report In a tweet thread on Tuesday (Feb. 28, 2023), Cuy Sheffield, head of crypto at Visa, responded to an earlier Reuters report concerning the company, stating that the...