Markets

Bitcoin price started a fresh decline from the $42,000 zone against the US Dollar. The price is now trading below $40,000 and the 55 simple moving average (4-hours). There is a connecting resistance trend line forming with barrier at $37,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a strong upward move if there was a break above the $38,000 resistance. Bitcoin price is trading below $40,000 against the US Dollar. BTC might...

The International Monetary Fund (IMF) recently urged El Salvadoran authorities to remove Bitcoin’s legal tender status. They called it a threat to market integrity, financial stability, and consumer protection. Criticizing the Bitcoin Law The IMF publicly revealed its warning in a website statement earlier today, after concluding its Article IV consultation with El Salvador on Monday. Despite noting the country’s speedy post-pandemic economic recovery, it still cited...

Phong Le – Chief Financial Officer of MicroStrategy – revealed that his firm will continue investing in bitcoin despite the recent plunge of the asset’s USD value. In line with the prices of most crypto assets, the shares of the Nasdaq-listed company have also been on a downtrend since the beginning of 2022. The Price Is Not an Issue for MicroStrategy It is safe to say that the first 25 days of the year have not been kind to bitcoin. The cryptocurrency has lost more than 20%...

Today we publish the CV VC Top 50 Report 2021 and it is inspiring to see its findings! At year-end 2021, Crypto Valley boasted 14 Unicorns and an industry worth over half a trillion USD. Together with you all, we have an ecosystem to be exceptionally proud of. The CV VC Top 50 Report 2021 is available and ready for you to download. The CV VC Top 50 Report is published in collaboration with PwC Switzerland. The periodical report analyzes the top 50...

Ethereum price started a fresh decline from the $3,200 resistance against the US Dollar. ETH price is now trading below $2,800 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2,500 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down below the $2,200 support zone. Ethereum price is struggling below $2,500 against the US Dollar. ETH/USD remains at a risk of a sharp decline if...

INTERNET CITY, DUBAI, Jan. 21, 2022 – LBank Exchange, a global digital asset trading platform, will list BEE token on January 28, 2022. For all users of LBank Exchange, the BEE/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 28, 2022. While being used to bridge the gap between everyday life and financial world, blockchain technology and crypto can also be used to bridge the gap between human relationships. As an easy communication...

Stellar lumen price declined below the $0.2000 support zone against the US Dollar. XLM price is now trading below $0.2200 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2150 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2200. Stellar lumen price is trading in a bearish zone below $0.2200 against the US Dollar, similar to bitcoin. XLM...

Ripple price started a fresh decline from the $0.7500 zone against the US dollar. The price is now trading below $0.7000 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.6200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it stays above the $0.5500 support zone. Ripple price is trading in a bearish zone below $0.7000 against the US Dollar, like...

2021 was the year when cryptocurrencies and blockchain technology witnessed massive growth, both in market capital and infrastructure development. One thing that caught the attention of the crypto community and the mainstream audience was the rise of non-fungible tokens (NFT). In case you’re unfamiliar with what these are, please take a look at our video guide on NFTs, or its written version. They saw exponential growth in 2021, as the digital space was being reshaped by the...

In an indecisive spot market, the low liquidity in the order book allows the aggressive traders to take control, leading to unexpected volatility. Currently, the futures market may see more liquidations before any price recovery. Technical Analysis Daily Timeframe The image below shows that bitcoin is in a strong downtrend, and the bears are in charge. However, we’re in a zone that can hold the price for a few days or even weeks. Additionally, the RSI indicator, which helps...