Markets

ETH/USD – Market Falls Beneath Ascending Price ChannelKey Support Levels: $1755, $1695, $1620.Key Resistance Levels: $1800, $1875, $1940.Ethereum performed well over the weekend, clocking in a fresh March high at $1940 on Saturday. It dropped back below $1900 on Sunday and continued to break beneath the March ascending price channel yesterday with the 5.2% price fall.The price drop caused ETH to head back into previous resistance at $1755, which had provided support for the market throughout...

The trend of companies offering crypto services planning to go public has another representative – the multi-asset brokerage company eToro. The move will become possible after a merger with a Special Purpose Acquisition Company (SPAC) called FinTech Acquisition Corp. V. Founded in 2007, eToro is a trading platform enabling its more than 20 million registered users to invest in various cryptocurrencies, stocks, commodities, exchange-traded funds, etc. Earlier today, Reuters broke the news...

The demand for NFT digital collectibles is not limited to sports and gaming. The market includes crypto artwork and other kinds of in-game items.In a March 14 tweet, Sorare announced that a one-of-a-kind Christiano Ronaldo NFT trading card had sold for $289,920 over the weekend.WOW! ? Congratulations to FC Camembert who has just smashed our #Sorare Market record.The Unique 2020-21 Cristiano Ronaldo card was bought for $289920 on the Transfer Market. #OwnYourGame ⚽️Season: 2020-2021Serial:...

AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform.AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse, and it ranks third in terms of this metric, trailing behind Maker and Compound.In a recent announcement, however, the protocol has taken steps...

In light of the recent performance of the Nvidia cards, Ethereum miners are most likely going to be drawn into purchasing the cards.When Nvidia launched a new system to help it drastically reduce the hash rate of mining the second largest crypto asset by market cap, Ethereum, on its new RTX 3060 graphics card last month, little did it know that malicious actors were waiting in the wings to pounce on it. Reports have emerged that crypto miners have been able to outmaneuver the system and they...

Wedbush analyst Dan Ives thinks Tesla is preparing to shift focus to become a pure technology company.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk now has been given a new title ‘Technoking of Tesla’, according to an 8-K SEC filing Monday. Besides, the company also changed its CFO title to ‘Master of Coin’. However, Tesla disclosed that both Musk and Zach Kirkhorn will maintain their original titles.“Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to...

Now Bitpanda is going to expand its offerings beyond cryptocurrency trading, serving as a one-stop platform for anyone looking to trade digital securities.Vienna, Austria-based cryptocurrency trading platform Bitpanda has completed its Series B funding round, raising $170 million from both old and new investors. As reported by TechCrunch, the latest capital support for the firm was lead by the company’s old partner, Valar Ventures, a Peter Thiel-backed fund, as well as new investors from DST...

Founders of Glassnode disclosed that there was an all-time high record of $500 million in Bitcoin getting liquidated.The price of Bitcoin has taken its usual pullback soon after hitting an all-time high price of $61,000 on March 15. Many traders believe that this is a normal market behavior as after hitting around $58,000, the price of the digital asset took a nosedive to fall as low as $45,000.In the most recent attempt to break the $61,000 resistance level, Bitcoin was highly betrayed by...

ADA price failed to correct above $1.100 and extended its decline against the US Dollar. The price is now consolidating near the $1.000 support and well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.100 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of a sharp decline below the $1.000 and $0.9800 support levels. Cardano price is showing bearish signs below $1.100 against the...

Ethereum price traded as high as $1,947 before starting a downside correction against the US Dollar. ETH price is currently trading near the $1,700 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,720 on the 4-hours chart (data feed from Coinbase). The pair could decline heavily if there is a clear break below $1,720 and $1,700. Ethereum price is correcting gains from well above $1,900 against the US...