Markets

EOS price started a fresh decline from the $1.08 resistance zone against the US Dollar. The price is now trading below $1.0 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.04 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.98 and $1.00 resistance levels. EOS price is struggling below $1.00 against the US Dollar, similar to...

Litecoin started a strong increase above $80 against the US Dollar. LTC price is now trading below $80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $86.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $80. Litecoin price is correcting gains from $92 against the US Dollar, similar to bitcoin. LTC price could...

Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice. In an email to shareholders, as viewed by Bloomberg, the crypto investment firm said it is currently focused on “reducing operating expenses and preserving liquidity” in response to the current market environment. Troubles for DCG The FTX collapse exposed significant irregularities in Barry Silbert’s empire, with DCG at the receiving end of intense...

The cryptocurrency market staged an early recovery at the beginning of 2023, but many remain skeptical as to whether the ongoing rally will last. Some exchanges, including Coinbase and Crypto.com, continue with their staff cuts in a bid to weather the macro bear market, but others remain resilient. Case in point – Binance. BNB Coin is the native token of the exchange. It’s a base layer cryptocurrency and operates as the base unit of currency for the Build ‘N’ Build Chain...

The fall of Sam Bankman-Fried’s $32 billion crypto empire highlighted the importance of self-custody for users. In fact, investors have already hopped on the trend of holding their assets themselves rather than entrusting their hard-earned money to a third-party platform. According to the latest data compiled by crypto analytic company, Santiment, Bitcoin’s supply on centralized crypto exchanges has dropped from 11.85% to 6.65% over the past year. ? The overall supply of...

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The drama surrounding the fall of famed crypto exchange FTX just keeps getting bigger and bigger. FTX Will Be With Us a Long Time It has been announced that several prosecutors are looking into the disappearance of approximately $370 million in crypto funds that vanished from the exchange just hours after its head executive, Sam Bankman-Fried, filed for bankruptcy. The prosecutors investigating have been hired by the Department of Justice (DOJ), which has frozen several...

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Tron price started a fresh increase above the $0.055 level against the US Dollar. TRX price is now trading above $0.058 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0608 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0650 resistance zone. TRON price started a fresh increase above $0.058 against the US Dollar, similar bitcoin. TRX price could rise further if...

Bitcoin price started a fresh increase from the $18,750 zone against the US Dollar. The price is now trading above $20,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $20,950 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $20,000 resistance zone. Bitcoin price is rising above $20,000 against the US Dollar. BTC might extend gains if...