Markets

Ripple price gained pace and cleared the $0.3650 resistance against the US dollar. The price is now trading above $0.365 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3740 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise steadily if it stays above the $0.3720 and $0.3650 support levels. Ripple price is recovering above $0.3750 against the US Dollar, similar to bitcoin....

The crypto space isn’t doing well, but according to many analysts, the time to buy is now. Several industry heads are claiming that those who are enthusiastic about bitcoin need to begin stocking up and adding to their stashes quickly in that the market could find itself rebounding very soon. Analysts Say We Should Be Buying Bitcoin Should this happen, prices will immediately go up, meaning many of the traders and investors out there will get stuck paying higher prices...

With the crypto space falling into oblivion, many wonder if the arena has what it takes to ever come back. According to Ray Youssef of Paxful fame, the crypto industry isn’t going anywhere, and he’s confident market recovery will soon be in the books. Ray Youssef on the State of Crypto In a recent interview, Youssef stated that while things may look bleak at the time of writing, no one really needs to worry. He says that the crypto space has garnered enough adoption that...

According to a study conducted by Chainalysis, wrongdoers have stolen approximately $1.4 billion worth of digital assets between January 2022 and now. Targeting cryptocurrency bridges seems to have been a preferred method. Some examples of such attacks in 2022 include the exploit of the Horizon bridge, the $190 million breach on Nomad Bridge, and one of the largest attacks in crypto’s history: the $615 million Ronin attack. Cybercriminal’s Favorite Target: Crypto Bridges It...

After a brief dip, bitcoin went on the offensive once more and tapped $25,000 for the first time since mid-June. The altcoins are calmer today, but Shiba Inu has stolen the show with a massive double-digit surge. Bitcoin Touched $25K Whether it’s indeed on hype regarding the upcoming Merge, as JPM claimed, the crypto market has been on an uptrend in the past week or so, evident from BTC’s price movements. The most impressive surge came on August 10 when the asset jumped from...

The inflation rate may have slowed in the US, but elsewhere, it’s a different story. In fact, both France’s and Spain’s inflation rate has increased to a level not seen in almost four decades. Official figures are concerning. Crypto adoption in both countries has been on the rise. But will the upcoming financial strains have negative implications on the crypto industry? Spain and France’s Tale Spain’s annual inflation rate hit 10.8% in July, a little above market expectations...

The bulls have been in control of the market for more than a month. They have managed to push the price by more than 100%. The majority of this rally has been without a considerable correction, begging the question if one is pending following the test of the critical $2K level. Technical Analysis By Grizzly The Daily Chart Buyers still dominate the market and push the price up. They were able to return to the $2,000 level after 74 days. In the meantime, a critical resistance...

ING Bank, a financial institution based in the Netherlands, has unveiled a new crypto product called Pyctor, which will provide crypto custody services and a post-trade infrastructure platform to GMEX Group, a trading enterprise with a special niche for crypto assets. ING Bank Unleashes Pyctor The move is coming at an unusual time. The digital currency market has been in a heavy period of suffering during the past several months, with assets like bitcoin losing more than...

Der derzeitige Hauptinvestor Huobis Leon Li hat offenbar den Vorstand darüber informiert, dass er 60 Prozent seines Investments in die Crypto-Börse verkaufen möchte – dies würde ungefähr 5 Prozent des Gesamtvolumens Huobis ausmachen. Den Kaufpreis von mehreren Milliarden könnte nun Justin Sun aufbringen, der unter anderem hinter dem Cryptocoin Tron steht. Crypto News: Huobi steht vor Übernahme durch Justin SunSollte es zu einem Deal kommen, würden Sun und potenzielle Partner sofort zu den...

The cryptocurrency price tracker CoinGecko estimated that this year’s decline in the digital asset market had changed the trends in the industry. According to the company’s research, Nigeria has emerged as the most crypto-curious nation across the globe. Other recent reports revealed that Nigerians’ interest in digital currencies is prompted by their limited access to financial services and the monetary crisis that reigns across the state. Nigeria Occupied the First Spot By...