Markets

While the cryptocurrency industry is caught in what seems to be one of the largest debacles of the year, the US Bureau of Labor Statistics just published the numbers for the Consumer Price Index. The reality beat expectations, resulting in a massive spike in Bitcoin’s price, which reached $17,800 on Binance. The US Bureau of Labor Statistics just published the CPI for October, clocking in at 7.7%, increasing 0.4%, seasonally adjusted. The expectations were mostly for the...

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EOS price started a fresh decline below the $1.00 support against the US Dollar. The price is now trading below $1.00 and the 55 simple moving average (4-hours). There was a break below a key bullish trend lien with support at $1.15 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.90 and $0.92 resistance levels. EOS price is struggling below $1.00 against the US Dollar, similar to bitcoin....

Litecoin started a major decline from the $75 resistance zone against the US Dollar. LTC price is now trading below $60 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support at $57.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a recovery wave if it stays above the $48 support zone. Litecoin price is struggling below $60 against the US Dollar, similar to bitcoin. LTC price...