Markets

The usability of cryptocurrencies is growing despite the market challenges in the past few months; many projects have come up with new use cases in NFT, DAO, and DeFi. Despite this development, the crypto market has recently suffered many hacks, which is scary because no investor will want to invest in tech and lose his money to hackers. Crypto investors lost $2 billion to hacks in 2022. The figure is expected to grow rapidly because crypto investors have lost more funds...

ADA price started a fresh increase above the $0.45 resistance against the US Dollar. The price is now trading above $0.47 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.480 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it stays above the $0.480 support zone. Cardano price is showing positive signs above $0.480 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price started a major increase above the $1,600 level against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,570 on the 4-hours chart (data feed from Coinbase). The pair could gain bullish momentum if it clears the $1,700 resistance zone. Ethereum price is rising above the $1,600 level against the US Dollar. ETH/USD could rise further if it...

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

iFX EXPO Asia 2022 is scheduled for 13-15 September and will take place in Bangkok for the first time ever. The largest financial B2B EXPO will be held in the impressive Centara Grand & Bangkok Convention Centre at CentralWorld and will bring together thousands of top professionals from online trading, financial services and fintech industry from all over the world. This iFX EXPO Edition’s Highlights The first EXPO day kicks off with a candid “Industry Inside Out”...

Stellar lumen price started a fresh decline from the $0.114 resistance zone against the US Dollar. XLM price is now trading above $0.1040 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1040 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the $0.1080 resistance zone. Stellar lumen price is trading below $0.1080 against the US Dollar,...

Ripple price started a fresh decline from the $0.3600 resistance against the US dollar. The price is now trading below $0.350 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the $0.3320 and $0.3450 resistance levels. Ripple price is consolidating above $0.300 against the US Dollar,...

The Securities and Exchange Commission of Thailand (SEC Thailand) has asked cryptocurrency companies operating in the country to include clear and visible warnings about the risks associated with virtual tokens and crypto investments. SEC Guideline on Crypto Ads In an email statement from last week, the capital market regulator asked companies to abstain from giving false and misleading information in their ads. They were also asked to provide information on advertising terms...

Despite pushing the price higher earlier in the week, the bulls have lost momentum as the days went on. As the date of the Merge approaches and the Ethereum market grows hotter, speculation about the future of the price has reached its peak. Technical Analysis By Grizzly The Daily Chart The formation of lower highs and lower lows suggests a bearish structure. The recent bullish leg stalled when it reached the resistance of the 20-day moving average line (in yellow). However,...

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...