Markets

If the market crash got you nervous and you thought the crypto industry was dead, you might want to change your mind. PayPal, the global e-payments giant, is working on developing its own cryptocurrency. PayPal is exploring the development of a stablecoin, possibly pegged to the U.S. dollar, although there is no information on a roadmap for the project. Speaking to Bloomberg News, Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal,...

It appears First Lady Melania Trump likes bitcoin. She was just one of several people over the past day or so to congratulate the world’s number one digital currency on its 13-year anniversary. Melania Trump Is the Newest “Face” of Crypto Melania put out the following tweet: It is widely reported that bitcoin’s market cap exceeds USD $1 trillion. Today marks the 13th anniversary of the bitcoin genesis block. Happy anniversary, #SatoshiNakamoto, #MelaniaNFT. The First...

Matt Hougan – the CIO of Bitwise Asset Management – has stated in an interview that the U.S. government is likely seeing bitcoin as a threat to the dollar, which may be why they’re so eager to regulate it and get in the way of its potential success. Matt Hougan On BTC: It’s Not Going Anywhere However, Hougan was quick to say that the U.S. has no choice but to “play along” when it comes to bitcoin, and that the currency’s size and scope really gives them no choice. The...

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC. On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time. This was a follow-up to an even larger purchase from a day earlier, when he bought 456 Bitcoin for an average of $46,363 each. Bitcoin’s price plunged below $43k on...

The cryptocurrency industry saw a tremendous surge in terms of institutional adoption in 2021. Experts suggest that this trend is likely to continue this year as well. But whether it’s a tidal wave or a trickle will depend on how the industry evolves in terms of technology that offers secure storage and protects user funds. Institutions Fear Security Risks The cryptocurrency market has been notoriously volatile – a common critique levied against the industry since the very...

After dropping over $4K in just a day, the bitcoin price now faces a critical support level. Technical Analysis After failing to close a daily candle above $48K on January 4 (Tuesday), and following the global markets plunge, the BTC price dropped to $42.5K on Bitstamp. Over the past hours, bitcoin has been trading in the range of $42-43.5K. The $40-42K zone has been a reliable support level for the recent weeks, and so far, BTC has maintained this range. All in all, the low...

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EOS price started a fresh decline from the $3.30 zone against the US Dollar. The price is now trading below $3.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $3.10 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear break below the $2.75 support. EOS price is showing bearish signs below $3.00 against the US Dollar, similar to bitcoin. The price...