Markets

Bitcoin price started a downside correction from the $48,000 zone against the US Dollar. The price is now trading below $46,000 and the 55 simple moving average (4-hours). There is a major breakout pattern forming with support near $45,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear move below $45,000 and $44,000. Bitcoin price is struggling below the $47,000 resistance against the US Dollar. BTC...

An NBC News poll suggests that one in every five Americans has delved in bitcoin or other forms of crypto, either through trading, investing, or related activities. This is a sign that the crypto world is becoming mainstream and legitimate faster than anyone could have anticipated. Bitcoin Is More Popular Than Ever In many ways, the arena surrounding blockchain and digital assets is an expanding universe that is still very much in a developmental phase. Bitcoin, for...

At this point, the crypto community is fairly used to animal-based tokens. After dogecoin saw a massive spike in value and popularity last year, many animal-themed tokens and memecoins have appeared, and a lot of them, believe it or not, are centered around the dog-meme narrative. Many Corgi- and Shiba Inu-inspired tokens have taken root, arguably more than any other animal. That’s also true for a range of other meme-inspired cryptocurrencies. It’s perhaps safe to say that...

Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the several NGOs that have managed to secure donations to help the war-stricken country distribute emergency resources and push back against Russian invasion. However, concerns regarding deep-pocketed Russian oligarchs trying to slip past the impact of Western sanctions by using...

Frankfurt’s Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) conducted a joint operation against the Russian Darknet Marketplace “Hydra Market.” The authorities shut down its server infrastructure and seized over $25 million worth of bitcoin. ‘Hydra Market’ is Down According to a federal police statement, German law enforcement agents “secured the server infrastructure of the world’s largest illegal Darknet marketplace Hydra Market...

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ADA price started a strong increase above the $1.1 resistance against the US Dollar. The price is now trading above $1.10 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.180 on the 4-hours chart (data feed via Bitfinex). The price could correct lower, but dips might be limited below $1.158. Cardano price is climbing above $1.15 against the US Dollar, similar to bitcoin. ADA price could continue to rise if there...

Ethereum price started a fresh increase from the $3,200 support zone against the US Dollar. ETH price is now trading above $3,400 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $3,420 on the 4-hours chart (data feed from Coinbase). The pair could continue to move up if it clears the $3,550 resistance zone. Ethereum price is gaining pace above $3,400 against the US Dollar. ETH/USD eyes more upsides if there is no...

Ripple seems to have lagged behind the crypto market in the past 20 days and is still trading below resistance. While Bitcoin and Ethereum managed to recover 50% or more from the losses incurred during the downtrend from the all-time high, Ripple regained only 40%, and the recent market structure doesn’t look too promising. Technical Analysis Technical Analysis By Grizzly The Daily Chart: Ripple could not break the horizontal resistance on the daily timeframe, the...

Hackers have stolen roughly $625 million in crypto funds from popular online video game platform Axie Infinity. To date, it is one of the largest crypto thefts to ever occur within the space, and certainly the largest attack to ever occur on a video game venture. Axie Is the Victim of a Major Hack Cryptocurrency has no doubt come a long way since it was first conceptualized 13 years ago. Bitcoin, the world’s biggest cryptocurrency by market cap and the grandfather of all...