Markets

Ethereum This week, Ethereum managed to rally over 8.5% and nearly touched the all-time high at $4,380, missing it by $5 (Bitstamp). The momentum remains bullish and the price is in a steep uptrend as shown by the trendline which is currently acting as support around $4,000. A break below this level can push ETH back to the next support found at $3,500. The resistance at $4,380 continues to hold, at least until another attempt is made by the bulls to break it. Considering...

The American multinational retail corporation – Walmart – will reportedly allow its customers to purchase bitcoin using ATMs installed in some of its US shops. The initiative became possible following a collaboration between the retail giant Coinstar and Coinme. The First Step Last month Walmart’s name got involved in a story, according to which the firm had inked a partnership with Litecoin (LTC) to enable its clients to make payments with the cryptocurrency. While the...

The volatile roller-coaster returned to the crypto markets again after bitcoin’s ATH, and the asset dropped by more than $5,000 a day later. While most altcoins have stalled on a 24-hour scale, Solana has gone on a tear once more by breaking above $200. Bitcoin Lost $5K The news that the US will finally have its own Bitcoin ETF, even if it’s a Futures one, for now, brought significant gains for the primary cryptocurrency. BTC traded below $58,000 last week when the first...

Bitcoin cash price started a major increase above the $600 zone against the US Dollar. The price is now trading above the $620 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $620 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating gains and it could eye more upsides above $640 and $650. Bitcoin cash price is showing positive signs above $620 against the US Dollar, similar...

Solana – the fast-rising public blockchain platform – has reached an all-time high in TVL on its Defi protocols. This comes amidst a booming cryptocurrency market in which altcoins are beginning to reclaim market share. According to Defi Llama, the TVL in DeFi on Solana reached a new record of $12.7 billion earlier on October 21st. It has since receded to about $12.34 billion at the time of writing. Total Value Locked on Solana. Source: Defi LlamaThis is a greater volume than...

Mark Cuban has established himself as the latest bitcoin and crypto fan in recent months. In an interview not too long ago, the billionaire investor claimed that bitcoin held a “huge advantage” over other forms of digital currency. Mark Cuban Believes Bitcoin Is Stronger Than Other Currencies When it comes to serving as a store of value, Cuban believes that bitcoin – the world’s number one digital currency by market cap – has “zero competition,” and that it is the “best...

Blockchain that provides an environment of security, transparency and traceability is an innovative technology that applies in various kinds of life activities. For Africa, it is an opportunity for evolving and making changes. The SimbCity – SimbCoin Swap project, a solution for real estate and finance, is making an impact on African market with the power of blockchain technology. The project could be viewed as two parts that complement each other, for the real estate...

There’s been plenty of comaparisons of Bitcoin’s price action now and in April when the cryptocurrency reached its previous all-time high. Research firm IntoTheBlock now points out a staggering difference in Bitcoin’s transactional volume between the two periods. $700 Billion Weekly Transactional Volume According to the research firm, Bitcoin’s on-chain volume reached over $700 billion transacted, which presents an increase upwards of 7x compared to April. In addition, the...

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Key Support level: $3,900 Key Resistance level: $4,380 Ethereum missed breaking the all-time high by less than $5 dollars today and is now preparing for another attempt after a sharp rejection (13% drop on Bitstamp). As we reported earlier, Bitcoin flash crashed on numerous exchanges and even dipped by 87% on Binance US for a second. This dragged the entire market down, but it seems that prices are now recovering. The bulls quickly bought the support line at $3,900 after the...