Markets

Litecoin price failed to climb above $115 and corrected lower against the US Dollar. LTC price is now trading below $110 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $100 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $120 pivot level. Litecoin price is struggling below $120 against the US Dollar, similar to bitcoin. LTC price could...

Many analysts are working to discover why it is that bitcoin has suddenly taken such a nasty price stumble. The world’s number one digital currency by market cap has fallen below the $40,000 mark after hovering there for the past several weeks, and it looks like it may be because BTC is in line to face some stiff competition from the Federal Reserve. The Federal Reserve Wants to Issue a New Cryptocurrency The Fed has issued a statement explaining that it has been looking...

Bitcoin’s price went turbulent during a press conference following today’s highly anticipated Federal Open Markets Committee (FOMC) meeting. It fell $1000 as Federal Reserve Chairman Jerome Powell restated plans to raise the federal funds rate in March. In his speech preceding the conference, Powell recognized that much of the labor force is unable to report for work, given current circumstances. However, he expects the effects of the Omicron wave to be brief, alongside its...

The Founder of SkyBridge Capital – Anthony Scaramucci – advised investors to cool off on their concerns regarding the most recent plunge in the cryptocurrency market. He believes bitcoin, as well as other digital assets, are the right investment tools for the long-term, and people should not abandon them because of their current price dips. ‘Stay Long’ The last several days were not pleasant for the cryptocurrency industry, as many assets lost a significant chunk of their USD...

The price of bitcoin has taken another large stumble. So much so that the world’s number one digital currency by market cap has fallen below $40,000. At the time of writing, bitcoin has fallen to a price of roughly $38,000 per unit, and now Huobi – one of the world’s largest and most important crypto exchanges – sees bitcoin experiencing a bear year in 2022. Huobi Predicts a Rough Year for Bitcoin Bitcoin has been falling into oblivion since last November. The currency...

During the recent weeks, the cryptocurrency markets have plunged due to fear at the macro-level (risk off). In this analysis, we will take a closer look at the bitcoin price from the Technical, Onchain, and Options Markt standpoints and discuss the possible scenarios in the short and mid-term. Technical Analysis By: Shayan Long-Term Analysis We can observe how the price organically evolves into a larger corrective structure following the first bullish impulse phase. A few...

Arthur Hayes – co-founder of BitMEX – just gave an interesting Bitcoin price forecast in his bi-weekly analysis. Despite his expectations that the Federal Reserve won’t raise interest rates, he still doubts Bitcoin’s bottom will arrive until a $28,500 retest. Calling the Fed’s Bluff In BitMEX’s latest post from Crypto Trader Digest titled “Bottomless,” the former CEO extols cryptocurrencies as the “last free market on earth”. He explained that due to “wanton” money printing,...

A research team of the American investment management firm ARK Invest envisioned a highly optimistic future for bitcoin. According to them, the price of a single coin could surpass $1,000,000, and the asset’s market capitalization might reach $28.5 trillion by 2030. Bitcoin to Peak at Over $1 Million The Nasdaq-listed company ARK Invest, led by Catherine Wood, has been an advocate of the cryptocurrency industry for a while, especially bitcoin. In July last year, the...

[PRESS RELEASE – HongKong, China, 24th January, 2022] MetaVisa, a Web3.0 middleware protocol, officially announced that it has reached an agreement with one of the largest digital asset trading platforms, BitMart. According to the partnership, MetaVisa native token, $MESA, will be listed on BitMart Shooting Star – 24h Flash Sale. On January 26th 8:00 AM (EST), BitMart, a premier global digital asset trading platform, will launch “MESA Token Sale”. BitMart users will be able...

Tron price started a fresh decline from the $0.0720 resistance against the US Dollar. TRX price is now trading below $0.0620 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0572 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move down if it stays below the $0.0620 pivot level. TRON price started a fresh decline below $0.0720 against the US Dollar, similar to bitcoin. TRX price...