Markets

ADA price started a fresh increase after it found support near $1.20 against the US Dollar. The price is now trading above $1.35 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $1.35 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue higher above $1.45 and $1.50 in the near term. Cardano price is trading in a positive zone above $1.35 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price gained pace above the $2,100 and $2,200 resistance levels against the US Dollar. ETH price is now trading well above $2,100 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $2,200 on the 4-hours chart (data feed from Coinbase). The pair could either decline heavily or it might start a fresh increase above $2,300 in the near term. Ethereum price is struggling to hold gains above $2,200 against the US...

[PRESS RELEASE – Please Read Disclaimer] July 6 2021, Nevada, United States – Just halfway through 2021 and we see non-fungible tokens (NFTs) becoming a staple in every crypto enthusiast’s diet. With the NFT market total transaction value reportedly tripling in 2020 alone, NFT utilities and use cases continue to appear, and evolve throughout every corner of the crypto space. Through the myriad of evolutionary pathways NFTs tread, nostalgia is one such pathway that PixelPotus...

The number of ether coins held on exchanges continues to decrease and has reached its lowest position in more than two years. This comes as the tokens sent to the ETH 2.0 contract reached a new all-time high of over six million. ETH on Exchanges Down to a 2.5Y Low According to data from CryptoQuant, the ETH reserves on centralized exchanges had seen a massive drop in the past several days and especially after the mid-May market crash when investors rushed to deposit their...

[PRESS RELEASE – Please Read Disclaimer] London, 5th July 2021 The SYNAPSE NETWORK is our own, custom-designed cross-chain technology. It’s not only 100% ready to use, but it’s also battle-tested. Cross-chain is about allowing you to invest not into two separate pools on different chains but into one pool using your favourite one. Cross-chain solutions have long been a major unsolved need in the market, but no project has managed to successfully introduce them within the...

Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong in the past few days. There were concerns that history is to repeat itself and the asset could lose traction during the weekend as it did in...

Ripple price started an upside correction above the $0.6500 resistance against the US dollar. The price is now trading nicely above $0.6500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.6700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it stays above the main $0.6500 support zone. Ripple price is slowly recovering above $0.6500 against the US...

Coinbase executives continue to move among the big names in the financial landscape. This month, it was the turn of none other than U.S. Federal Reserve Chairman Jerome Powell. According to Powell’s working schedule for May, the head of the Fed had a face-to-face meeting with the head of the cryptocurrency exchange Coinbase Global Inc. on May 11. Paul Ryan, a former Speaker of the U.S. House of Representatives, was also invited to the event. The meeting lasted half an hour,...

Bitcoin has not been doing too well as of late. The currency hit a serious snag in May when after a series of negative events – including tweets from Elon Musk –the world’s number one digital asset sank by more than 40 percent, causing it to slip from its recent all-time high of approximately $64,000 per unit to the mid-$30,000 range. According to analysts at financial giant JPMorgan, bitcoin’s market share needs to jump beyond the 50 percent mark if the bearish trends...

Mercado Bitcoin – which means “Bitcoin Market” in English – is a Latin American cryptocurrency trading platform based in Brazil. Through a Series B funding round, the company managed to garner a whopping $200 million in additional funds through the SoftBank Latin America Fund, suggesting the growing presence of bitcoin and cryptocurrency in Latin American regions. Mercado Bitcoin Is at the Top of Its Game At the time of writing, the parent company of Mercado Bitcoin –...