Markets

Stablecoins have been one of the most controversial areas of the cryptocurrency industry. But this has not deterred industry leaders to bring about new pegged tokens built on a secure foundation. The much-awaited Djed – which happens to be Cardano’s native overcollateralized stablecoin – is set to launch this week. Developed jointly by the layer 1 blockchain network, COTI, along with core Input Output Global (IOG) devs, the stablecoin is expected to benefit the overall...

The popular Bitcoin price analyst Plan B has outlined a scenario that he predicts could propel Bitcoin’s price up to $1 million in the year 2025.  At a minimum, he expects the asset to rise above $100,000 that year – over 300% above its current price. Return to the Bull Market In a video published on Sunday, Plan B emphasized his belief that Bitcoin’s pump in January confirms that the asset’s 4-year cyclical price bottom is now behind us. From here, he forecasts the start of...

Over the last week, Bitcoin has seen many bullish on-chain and technical signals. However, reaching a significant resistance level at $24K, there has been a battle between the bulls and the bears. The main question is whether it is the beginning of a bull market or just a bull trap. Technical Analysis By Shayan The Daily Chart Bitcoin’s impulsive uptrend has been halted by the psychologically significant resistance level of $24K. Meanwhile, the price has entered a...

It looks like Coinbase – a popular digital currency exchange in North America – just can’t catch a break. After getting sued by customers and then having to engage in a settlement with the New York Attorney General’s office, the trading platform has announced it’s having to cut another 1,000 jobs to make ends meet. Coinbase Forced to Part Ways with More Staff The crypto space has been doing very poorly. Despite showing signs of early recovery (bitcoin is on the verge of...

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Stellar lumen price started a fresh increase above the $0.090 resistance zone against the US Dollar. XLM price is now trading above $0.090 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0935 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.0920 and $0.0900 support levels. Stellar lumen price is trading above $0.0900 against the US Dollar, similar to bitcoin....

Ripple price is moving higher above the $0.400 level against the US dollar. The price is now trading above $0.400 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4120 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.4300 resistance zone in the near term. Ripple price is rising steadily above $0.400 against the US Dollar, unlike bitcoin....

Despite failing to overcome $23,500 once again in the past 24 hours, BTC is still slightly in the green today and stands above $23,000. The altcoins are quite calm today, as only Litecoin stands out as a notable gainer. Bitcoin Firm Above $23K The start of last weekend saw bitcoin’s price surge from $21,000 to and beyond $23,000. Somewhat expectedly, reaching the latter meant tapping a multi-month high since BTC was stuck around $17,000 for months. The cryptocurrency spent...