Markets

Ripple price is slowly moving lower below the $0.6200 support zone against the US dollar. The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it clears the $0.6000 and $0.6200 resistance levels. Ripple price is struggling to recover above...

Stablecoin giant and crypto’s money-printing machine Tether has not issued a single USDT on the Ethereum network in the last 50 days as other stable assets gain ground in the market.  USDT Issuance on Ethereum Dries Up According to recent data, the last time USDT was minted on Ethereum was on May 31st, making it the longest time in history that the asset has not been issued on the network. The total value of minted ERC20 USDT now stands at $28.9 billion. Tether (USDT) Minted....

It does not always look like football and bitcoin would go together, but today, we are being given another example of how they do in the form of New York Giants running back Saquon Barkley, who has agreed to a deal that will give him all his marketing money in bitcoin. Saquon Barkley Is Now a Bitcoin Devotee Barkley has become a major crypto fan over the years. So much so, that he is now willing to accept all the money from his recent endorsement deals in the world’s...

One of the innovations that are exciting about Centrifuge and other similar collateral-asset systems is the blending of public and private data on privacy-enabled NFTs.Decentralized finance has changed our financial world in a big way. The emergence of cryptocurrency and consensus-based verification, the innovation of decentralized lending, and other phenomena related to the blockchain are integrating new digital money systems, and making old traditional banking systems obsolete.However, one...

BTC is down a total of 6% over the week, as of now, while it currently battles to remain above $32K. The primary cryptocurrency has been trading inside a long period of consolidation between $30K and $40.5K since the mid-May capitulation candle and between $30K and $35K over the past month. This consolidation can be seen in the form of a bearish triangle, as shown below on the daily chart. Same as it happened over the past weeks when BTC tested the $30-31K lows, this week’s...

While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. On the other hand, some of the altcoins have bounced off since the recent price declines, with DOGE jumping by roughly 9% on a 24-hour scale. All Eyes on GBTC Unlocking After briefly exceeding $33,000 on Thursday, bitcoin started to retrace in value and lost about $2,000 in a day. The subsequent unsuccessful attempt by the bulls to recover...

SoftBank has made enormous investments into the crypto space recently. For example, it has invested $200 million in a Brazilian company Mercado Brazil.SB Northstar, an investment unit of Japanese corporation SoftBank, has agreed to invest $75 million in Block.one’s cryptocurrency exchange, Bullish. The filing done with the SEC on July 9, 2021, showed that SoftBank will buy $7.5 million units of shares at $10 each.The Tokyo-based company had previously invested $300 million in a private...

It is an established fact after lots of crypto traders have shared their experiences regarding crypto trading signals, which are a game-changer and an ideal way of optimizing your crypto trades according to these crypto traders. One thing we would emphasize the most is that the beginners and rookie crypto traders and investors should never rely just on the flukes or guesses in this market as there are many other factors and variables involved in the price fluctuations of...

Aside from a brief spike of over $1,000, bitcoin’s struggles continue as the asset is still well below $32,000. The alternative coins have also lost some more steam, with ETH standing beneath $1,900 and BNB close to breaking below $300. Bitcoin Dipped to a 3-Week Low BTC’s hurdles continue ever since the asset failed to breach $35,000 earlier this week. The bears took control over the market at that point and kept pushing it south. Initially, bitcoin decreased beneath...

What the heck ever happened to bitcoin serving as a tool that works against inflation? Bitcoin garnered this reputation last year during the coronavirus pandemic, but as it turns out, prices are continuing to rise, and the world’s number one digital currency by market cap has seemingly failed to get in the way. Bitcoin Is Not Working to Halt Inflation Many analysts are beginning to wonder why bitcoin is allegedly refusing to do its job. For the longest time, bitcoin was...