Markets

Stellar lumen price is facing a major resistance near the $0.090 zone against the US Dollar. XLM price is now trading above $0.082 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.0890 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.0890 and $0.090 resistance levels. Stellar lumen price is trading above $0.0820 against the US Dollar, similar to bitcoin....

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading above $0.3700 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.400 resistance zone. Ripple price is struggling below $0.400 against the US Dollar, similar to bitcoin. XRP price must...

2023 has led to several opposing thoughts when it comes to bitcoin, the world’s number one digital currency by market capitalization. Bitcoin Could Have a Very Good Year For some, the asset could go as high as $250,000. Tim Draper would attest to this, while others – such as Mike Novogratz – think the asset will be in good shape if it just ends the year at $30K. In any case, there are many resounding differences in what industry heads believe could come about over the...

Bitcoin’s dominance continues to increase as most of the alts have slumped today, while BTC maintains above $27,000. ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%. Bitcoin Dominance Spikes to New Peaks The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations as well as US Fed lending $300 billion to certain banking institutions, pushed BTC north this week. The asset stood just inches...

The “Vietnam Crypto Market Report 2022” revealed that 16.6 million Vietnamese own digital currencies, with bitcoin being the most popular asset. Another research conducted by Chainalysis placed the Asian country as the world’s cryptocurrency adoption leader, with a score of 1.000. Close to the Top The study, reported by a local media outlet, estimated that 16.6 million Vietnamese had purchased cryptocurrencies (approximately 17% of the country’s population). 31% of those have...

A recent study conducted by the analytics company Juniper Research estimated that payments via central bank digital currencies (CBDCs) could reach $213 billion by 2030.  The firm believes governments across the globe will use the product to boost financial inclusion and improve the monetary condition of emerging economies. A Possible Boom of CBDC Transactions Juniper Research experts analyzing the fintech and payments market believe CBDC transactions could skyrocket from $100...

Silicon Valley Bank (SVB) was the backbone of many startups and venture capital funds around the world. Its collapse signifies the biggest banking failure since the 2008 financial crisis. While the crypto market has largely been spared from an adverse effect, the same cannot be said for the non-fungible token (NFT) space. According to the latest edition of the DappRadar report, the NFT traders went “numb” in response to the banking turmoil in the United States. NFT Space...

Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour. Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the United States, and Coinbase has already begun talking about the move with institutional clients. Per the report, the exchange is also yet to decide on the particular location to...

Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since June 2022. The altcoins are also well in the green, with ETH reclaiming $1,800, while SOL, UNI, AVAX, and ETC have skyrocketed by up to 14%. BTC Taps Yet Another 9-Month High The US banking crisis, which later expanded to Europe as well, harmed bitcoin’s price performance at the end of last week as the asset tumbled below $20,000 for the first time in two months....

Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access. The CEO noted in his latest annual letter to investors that BlackRock is currently exploring the digital asset industry and would continue to do so, especially in areas related to permissioned blockchains and tokenization of stocks and bonds. BlackRock...