Markets

Bitcoin is down by a sharp 3% over the past 24 hours. The cryptocurrency bounced from $31,185 (downside 1.618 Fib Extension) last week but failed to overcome resistance at $40,765 (bearish .382 Fib & 200-day MA). From there, BTC headed lower into the weekend but sustained support at $34,760 after spiking as low as $33,520. The daily chart looks pretty choppy, but the short-term 4-hour chart provides a clear symmetrical triangle pattern forming. Yesterday, BTC bounced from...

ADA price started a fresh increase after it tested the $1.32 support zone against the US Dollar. The price is now trading above the $1.50 zone and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1.68 on the 4-hours chart (data feed via Bitfinex). The price could correct lower, but the bulls are likely to remain active near $1.58 and $1.55. Cardano price is showing positive signs above the $1.50 zone...

Ethereum price formed a base above $2,200 and it is slowly rising against the US Dollar. ETH price is now trading above $2,500 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $2,550 on the 4-hours chart (data feed from Coinbase). The pair is likely to rise steadily towards the $3,000 resistance zone in the near term. Ethereum price is slowly moving higher above $2,500 against the US Dollar. ETH/USD...

Mark Cuban is a billionaire with a lot of ideas in his head. While he has, for the most part, had a very up-and-down relationship with bitcoin and its altcoin cousins, he recently admitted to being invested in the world’s largest digital currency by market cap. He also claimed to be a fan of ETH given its capabilities with smart contracts. Mark Cuban: I Look at “Blockchains as Networks” In a recent interview, Cuban discussed what it was that brought him onto the...

The 0x API will facilitate the DEX liquidity aggregation on the Polygon network while allowing users to access the full spectrum of on-chain liquidity across the Polygon network. Ethereum-based open-source protocol 0x has recently landed on the Polygon blockchain network. With this, 0x joins some of the top DeFi projects like Aave, Augur, Sushi, Curve, Paraswap, 1inch to launch on Polygon.The goal of this development for 0x has been to scale its Ethereum-based DEX services in the market. For...

Rowland believes that though the market is ripe for regulations, there is yet a long way to go.Derville Rowland, one of the top officials at Ireland’s central bank has mulled the growing popularity of cryptocurrencies such as Bitcoin (BTC) as a “Great Concern”. According to a report by Bloomberg, Rowland, in addition to this warns of how speculative digital currencies can be.“Crypto assets are quite a speculative, unregulated investment,” and people should be “really aware they could lose the...

According to reports, the Bitcoin network consumes approximately 115 terawatt-hours of energy every year, a figure higher than what most of the world’s countries use annually.Iris Energy Pty, a sustainable Bitcoin mining firm has jumped to the defense of BTC, stating that the biggest cryptocurrency will stand tall amid the recent environmental concerns with regards to its mining. Daniel Roberts, co-founder of Iris Energy Pty in an interview backed Bitcoin, stating that its environment and...

This article provides an incite into the expected market activity for the Memorial Day 2021. To those keeping track of the United States’ stock market, it is pertinent to get a view of the market activities per the hours opened today. In retrospect, the US markets are usually closed for any form of trading on national public holidays, and this year’s Memorial Day is not an exception.Memorial Day is a public holiday dedicated to celebrating Army officials who died while serving in the United...

Chia coin price went up as Sabrent unveiled new plotting options which will potentially improve hard disk resilience and help plotter better manage the damage attributed to XCH mining.American technology company, Sabrent has unveiled a new plotting option, the Plotripper Plotting SSD that will likely prevent any further slide in the Chia coin price and aid market acquiescence of the coin. The development comes at a time when concerns were at an all high as to the sustainability of the Chia...

Hsu described the cryptocurrency space as a fast-growing market with numerous innovations and added that a failure to begin acting now will only make policing harder in the future.Michael Hsu, the Acting Comptroller of the Currency, has asked US regulators to collaborate and establish a “regulatory perimeter” for digital assets and cryptocurrencies. Hsu, in an interview, revealed that US regulators plan to take a more active role in policies regarding digital assets and cryptocurrencies,...