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Cardano (ADA) Price Analysis: Bulls Aim Upside Break To $0.5

ADA price seems to be forming a support base above the $0.435 level against the US Dollar. The price is now trading above $0.45 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.468 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.468 and $0.480 levels. Cardano price is showing positive signs above $0.450 against the US Dollar, similar to bitcoin. ADA...

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Ethereum Price Analysis: Recovery Could Gather Pace Above $1,400

Ethereum price started a decent increase above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,310 on the 4-hours chart (data feed from Coinbase). The pair could rally further if it clears the $1,400 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it...

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GBTC Reaches All-Time Low Discount of -35%

Shares of the Grayscale Bitcoin Trust (GBTC) have never been cheaper relative to the value of the company’s underlying Bitcoin holdings. The GBTC discount has gone below 35% again for the first time since June. While the company’s holdings per share are worth $17.27, the market value of each share is only $11.18.  Figures for calculating the discount are publicly available on Grayscale’s website. As is displayed, GBTC share prices were down 4.77% on Monday, versus a mere...

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Is the Bottom In? Bitcoin Remains Steady as Stocks Fall

Despite a selloff in stocks late last week, Bitcoin appears to be holding its ground. The top cryptocurrency by market cap was trading at roughly $19,000 on Monday, as the S&P 500 was down 1% on the day. In fact, digital assets appear to be rivaling the dollar as the best-performing asset in Q3.  Bitcoin’s outperformance is also apparent on a 5-day basis. While the coin is up almost 3% in that time, the S&P and NASDAQ were both down roughly 5% over the same period....

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BTC Consolidates for Days, Is Huge Move Incoming? (Bitcoin Price Analysis)

Aside from the weekly candle, which ended in the red, Bitcoin made no substantial move and still hovering around the $19K range. Technical Analysis By Grizzly The Daily Chart On the daily chart, Bitcoin is currently trading on top of the support zone between $18K to $18.5K (in yellow). Following June’s market crash, this support managed to prevent further decline. This was the second successful retest of this level. If BTC closes a candle below $18K, combined with increased...

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Profanity Exploit Continues as Hackers Drain Another 732 ETH From Crypto Wallet

A hacker managed to get away with 732 ETH worth around $950,000 from a crypto wallet. Interestingly, blockchain security firm PeckShield revealed that the theft was carried out via the same vanity address hack connected to the UK-based crypto market maker Wintermute. On-chain data suggested that the hacker moved the stolen funds to the OFAC-sanctioned crypto mixing tumbler Tornado Cash. The latest exploit comes days after decentralized finance aggregator 1inc first discovered...

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