Markets

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 major bearish trend line forming with resistance near $124 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $112 and $110 support levels. Bitcoin cash price is moving lower below $130 against the US Dollar, similar to...

Binance CEO Changpeng Zhao (CZ) recently released a statement on Binance blog to demystify the company’s relationship with China.  He asserted that Binance is not a Chinese company, and that conspiracy theories of a Chinese employee secretly running the business are untrue.  CZ’s History With China In the statement published on Thursday, CZ began by recounting his personal history with the China. He and his family fled from the nation to Canada when he was 12 years old, only...

The implosion of the South Korean stablecoin project Terra may have dented general sentiment towards the industry, but that has not stopped the second-largest city in the country from pursuing ambitious crypto and blockchain goals. Busan has announced a partnership with FTX to build blockchain-powered business solutions in the coming months. As part of the deal, Sam Bankman-Fried’s exchange will work with Busan city to assist in the development of Busan Digital Asset Exchange...

Nachdem zu Beginn der Woche die Nutzeraktivität sank, folgte auch der Kurs. Bei 20K fand der BTC seinen Support. Nun gibt es widersprüchliche Signale, die es schwer machen vorherzusagen, ob der Markt eine Trendwende erleben oder doch weiter in einer Bärenphase bleiben wird. Bitcoin News: Bitcoin Hashrate steigt, doch Nutzeraktivität bleibt niedrigDie Nutzeraktivität bleibt niedrig und erholte sich im bisherigen Wochenverlauf nicht, was ein klarer Indikator für einen Bärenmarkt ist....

Sygnum granted capital markets services (CMS) licence for asset management in Singapore Sygnum kündigt die Eröffnung des ersten Metaverse-Hubs einer Schweizer Bank im virtuellen Äquivalent des New Yorker Times Square an. Der Decentraland-Hub ist Sygnum’s Web3-Portal zur aufstrebenden USD 5 Billionen Metaverse-Wirtschaft und verfügt über einen CryptoPunk-Rezeptionisten, eine interaktive NFT-Galerie und einen Veranstaltungsraum. Sygnum eröffnet den...

Mature and established investors know what defines a bull and a bear market. For those less experienced in the market terminology or jargon, it would be helpful to have a basic understanding of what bull and bear mean in trading terms. The financial market comprises stocks, bonds, and commodities influenced by consumer confidence. Essentially, a bull market occurs when securities are on the rise whilst a bear market occurs when securities fall for a sustained period. In...

EOS price started a fresh decline from the $1.95 resistance against the US Dollar. The price is now trading below $1.55 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.40 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $1.30 and $1.26 support levels. EOS price is declining below $1.55 against the US Dollar, similar to bitcoin....

Litecoin started a fresh decline from well above the $60 zone against the US Dollar. LTC price is now trading below $60 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $55 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could recover, but upsides might be limited above the $58 and $60 levels. Litecoin price is struggling below $58 against the US Dollar, similar to bitcoin. LTC price...

Bitcoin’s hash rate is recovering fast – and it has the mining difficulty to prove it. The network’s latest difficulty adjustment rose the mathematical bar for mining a block by 9.26% – the largest increase since January. That’s the third adjustment in a row during which network difficulty has risen, despite a bear market that inflicted serious pain on the mining industry.  Bitcoin Remains Secure According to data from BTC.com, Bitcoin’s difficulty recovered to 30.98 trillion...

Ripple has increased by 4% as the crypto market began to recover over the last two days. One explanation for this can be found in the DXY index reaching a stiff resistance. However, the sentiment across risk-on markets continues to be bearish. Technical Analysis By Grizzly The Weekly Chart The trend structure became bearish after the formation of a lower high and lower low on the daily chart. After failing to push the price above the horizontal resistance at $0.39 (in red),...