Markets

Bitcoin price started a recovery wave above the $16,500 support against the US Dollar. The price is now trading above $16,500 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $16,780 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $17,000 resistance zone. Bitcoin price is recovering above $16,500 against the US Dollar. BTC might extend its...

American banking watchdogs warned domestic financial institutions that delving into the world of crypto could carry various risks, such as fraud. The warning comes as a result of a catalytic 2022, which saw the demise of multiple cryptocurrency giants, including FTX, Terraform Labs, Three Arrows Capital, Celsius Network, and more. The collapse of those firms triggered multi-billion investor losses and infused panic in the industry, resulting in a massive market decline....

As we head into 2023, the markets are beginning to show some interesting movements, and Bitcoin is no exception. Its price is currently testing a key resistance zone, and the outcome would likely determine the short-term trend for the crypto market. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price seems to be closing in on finally disrupting the consolidation of the last few weeks, as the 50-day moving average is being tested once more around the...

Memecoins have been a part of the crypto culture for almost as long as the community existed, but 2020 and 2021 saw them soar to a whole new level. It got to a point where two memecoins – Dogecoin (DOGE) and Shiba Inu (SHIB) became frequent members of the top-10 club (the 10 largest cryptocurrencies by means of total market capitalization). The bear market of 2022 has impacted most memecoins severely, but DOGE and SHIB continue to be leading coins. That said, there’s a new...

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The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). It holds around 3 million ETH, which is about 2.5% of its total market capitalization. The ETHE...

ADA price seems to be forming a support base above the $0.24 level against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.270 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.270 and $0.30 levels. Cardano price is showing positive signs above $0.250 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is slowly moving higher from the $1,180 level against the US Dollar. ETH price is now trading above $1,180 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,195 on the 4-hours chart (data feed from Coinbase). The pair could start a decent increase if it clears the $1,250 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD could start a decent increase if it...

Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs.  He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be Ten Years’ In a recent interview for Bankless Shows, Voorhees argued that the reigning crypto winter will not last for another decade. However,...