Markets

Bitcoin’s bearish stage seems far from over as the second rebound from the $18K support level turned out into another bull trap. The price is currently attempting to break a critical support level. Technical Analysis By Shayan The Daily Chart The cryptocurrency recovered from the $18K level earlier in September after failing to surpass the $24K mark. Yet, the 50-day and 100-day moving averages, seen at roughly $22K, rejected the price to the downside. Bitcoin has also failed...

The Biden administration issued its first-ever paper on cryptocurrencies and how the asset class should be regulated within the nation on Friday. While some believe the guidelines require more clarity, Binance’s CEO asserted that the framework is a significant recognition of itself, and his company aims to work with global watchdogs. After issuing a few executive orders on digital assets in the past several months, the Biden administration took it up a notch on Friday when it...

Everyone has heard the quotes from Warren Buffett about making money while sleeping being the key to wealth. While passive investing is always a wise strategy, as the Oracle of Omaha suggests, actively trading is undoubtedly more exhilarating and potentially profitable. Even Buffett himself trades in addition to focusing on assets that generate passive income. When it comes to cryptocurrencies, the potential for profits using both methods is practically endless, although the...

As more mainstream financial institutions on the Wall Street enter the crypto financial market, the correlation between cryptocurrencies represented by BTC and ETH and NSDQ increases. The strong interest rate hike by the Federal Reserve and the surge in the US dollar index have brought a more volatile market for the crypto trading. The black swan that come to the crypto market again In the crypto market full of cash and blessing myths, the bear market is always long and...

Bitcoin dipped further below the coveted $20,000 mark to chart another weekly low of just over $19,000. Ethereum also continues to struggle after the Merge implementation two days ago and has slumped below $1,450. Ripple, in contrast, is up by almost 8% daily. Bitcoin’s New Weekly Low The past several days have not been kind to the primary cryptocurrency as the trend changed on September 13. Back then, the asset was riding high and neared $23,000 after gaining over $3,000 in...

Grayscale – one of the world’s largest cryptocurrency asset managers – may be readying a cash-airdrop for holders of its Ethereum Trust and Digital Large Cap Fund. The cash grant represents the value of ETHPoW (ETHW) tokens that Grayscale investors are entitled to following the network fork, according to a company filing with the SEC on Friday. Free Money for Grayscale Investors? The filing declared Grayscale’s right to distribute the cash equivalent of ETHW tokens to its...

The past seven days saw the successful transition of Ethereum’s network from a Proof-of-Work consensus algorithm to one governed by Proof-of-Stake. The event was described by many as one of the most significant technical achievements in the industry and is put on par by importance with Bitcoin’s halving. However, the total market declined by some $20 billion over the same period as many cryptocurrencies are charting decreases. Bitcoin is among the outliers in terms of price...

INTERNET CITY, DUBAI, Sep. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed Arix (ARIX) on September 15, 2022. For all users of LBank Exchange, the ARIX/USDT trading pair is now officially available for trading. As one of the most efficient DeFi aggregators, Arix (ARIX) enables users to access the most liquidity, lowest slippage and best exchange rate across Ethereum, BSC, and Polygon. Its native token ARIX has been listed on LBank Exchange...

Late August saw a huge flip in the digital currency arena. Bitcoin – the world’s largest number one digital currency by market cap – fell by several thousand dollars and eventually dipped below $22,000 for the first time in about three weeks, while Ethereum – the world’s second largest cryptocurrency and the main competitor to bitcoin – ultimately rose 100 percent from its June low of under $1,000 per unit and managed to surpass bitcoin’s level of growth. Ethereum Is...

Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $126 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $115 and $112 support levels. Bitcoin cash price is moving lower below $125 against the US Dollar, similar to...