Markets

Bitcoin price started a fresh increase above the $62,000 zone against the US Dollar. The price is now trading above $62,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $62,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move higher if there is a break above $64,500. Bitcoin price is back above the $62,000 pivot level against the US Dollar. BTC could...

Gary Gensler – chairman of the Securities and Exchange Commission (SEC) – recently revealed the US government’s completed stablecoin report. It outlines risks associated with such tokens and provides “prudential” recommendations to congress on how to address them. Stablecoins: Benefits and Risks The POTUS’ Working Group on Financial Markets (PWS) produced the report in collaboration with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the...

Graham Jenkin – the CEO of Coin List – claimed in a recent interview that he could easily see bitcoin reaching six figures – approximately $100,000 – by the time 2022 is ready to begin. Graham Jenkin: We’ll See the Six-Figure Bitcoin in 2022 No doubt 2021 has been one of the craziest and most up-and-down years for the world’s number one digital currency by market cap. The asset began the year in the mid-$20,000 range, which was already considerably higher than it had...

Dog-coins became one of the most bizarre yet exciting trends within the crypto market in 2021. The meteoric rise of the meme-inspired cryptocurrency, Dogecoin (DOGE), had prompted other developers to create many dog-themed coins, hoping to share in the success story of their predecessor. While many of these projects do not make it to the spotlight, some, like Shiba Inu (SHIB), took the market by storm and even outperformed DOGE on the top 10 largest cryptocurrencies by market...

Nayib Bukele – the president of El Salvador – has confirmed a purchase of approximately 420 bitcoins now that the currency has fallen below the $60,000 line. Bukele stated that he and his country are looking to “buy the dip” and expand their crypto horizons through the purchase. El Salvador Adds a Lot of BTC to Its Stash Not long ago, the world’s number one digital asset by market cap rose as high as $66,000 per unit. Now, the currency has fallen into a bit of a hole and...

ADA price is struggling to clear the $2.00 and $2.05 resistance levels against the US Dollar. The price is now trading below $2.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.06 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase unless there is a break below $1.90. Cardano price is struggling below the $2.05 resistance against the US Dollar, unlike bitcoin. ADA price must...

Ethereum price started a fresh increase above $4,200 against the US Dollar. ETH price is now trading above $4,200 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $4,350 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh rally if it clears the $4,350 resistance zone. Ethereum price is showing positive signs above $4,200 against the US Dollar. ETH/USD could gain pace above the $4,350...

The crypto industry has grown exponentially over the past couple of years, attracting many newcomers who’re looking to either invest or interact with thousands of different cryptocurrencies. One of the most recognizable resources that provide comprehensive and easy-to-track data about the market is CoinGecko. With estimated monthly traffic of $113 million, it’s one of the biggest websites in the industry and an important entry point for anyone interested in following what’s...

Key Support level: $3,969 Key Resistance level: $4,460 The bulls are attempting another break above the all-time high after the shakeout from 27th October which saw the market take a downturn. After the short-lived correction last week, ETH recovered quickly and has maintained a price above the $3,969 support level. This is a show of strength from the bulls and the bears need to return in force if they stand any chance of reversing this momentum. Chart by TradingViewETH Price...

Bitcoin’s price could add 60% of value in the next 30 days to close just shy of $100,000, predicted the analyst behind the popular stock-to-flow model, PlanB. He was spot on in regards to the September BTC close price and was agonizingly close in October. Bitcoin to Near $100K By November’s End? PlanB is among the most popular analysts in the cryptocurrency community, best known as the person behind the stock-to-flow model. It sees the stock as the size of existing reserves...