Markets

XRP/USD – XRP Drops From 200-Days EMAKey Support Levels: $0.263, $0.25, $0.23.Key Resistance Levels: $0.3, $0.32, $0.35.Last week, XRP bounced higher from $0.25 to reach the resistance at the 200-days EMA. It traded sideways along with the 200-days EMA for the past five days but the 15% price drop in Bitcoin today caused XRP to drop by 18% as it slides from the 200-days EMA at $0.32 to reach the current $0.273 level.XRP had spiked further lower earlier in the day but managed to find support...

Despite the economic hardship brought about by the coronavirus pandemic in 2020, FAANG stocks outperformed in comparison to the broader S&P 500 Index which grew by 16% in the past year.While the year 2021 began on a positive note marked by impressive gains on the very first trading day of the year, analysts are beginning to profile the biggest stocks on Wall Street, including the notable group of stocks collectively known as FAANG stocks.FAANG Stocks are five of the most popular and...

Stellar lumen price rallied significantly towards $0.4500 before correcting lower against the US Dollar.XLM price is now trading below the $0.2800 support, and testing the 55 simple moving average (4-hours).There was a break below a major contracting triangle with support near $0.2850 on the 4-hours chart (data feed via Kraken).The pair is likely to find a strong buying interest near $0.2200 and $0.2000 support levels.Stellar lumen price is gaining bearish momentum below $0.3000 against the...

Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term.Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master plan to buy BTC at a lower price.Guggenheim CIO Warns Of Unsustainable BTC RunThe Chief Investment Officer of Guggenheim Partners took it to Twitter to assert that...

Following the latest bullish developments in the cryptocurrency field, the UK Financial Conduct Authority has warned investors of the potential risks associated with investing in certain digital asset endeavors.The UK’s regulator has highlighted the risky nature of the industry and said that people should be prepared for worst-case scenarios, including losing all of their money.UK FCA Warns Investors About Crypto InvestingAlthough the cryptocurrency market saw vigorous price drops in the past...

It seems that the long-anticipated cryptocurrency correction has finally materialized as over $200 billion vanished from the market cap. Bitcoin plummeted to below $33,000, while most alternative coins have it even worse with massive double-digit price drops.Bitcoin Loses $9K In A DayAfter a highly volatile and positive first ten days of the new year, in which BTC broke above $40,000 for the first time and charted an all-time high of $42,000, the cryptocurrency headed south.During the...

Ripple price failed to clear $0.3700 and started a strong decline below $0.3000 against the US dollar.The price is now holding the key $0.2550 support level and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2560 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a strong recovery wave as long as the price above $0.2550 and $0.2560.Ripple price is down over 20% from well above $0.3500 against the US...

Après plusieurs semaines de hausse vertigineuse et un record au-dessus de 34 000 euros (presque 42 000 dollars) il y a quelques jours, le marché s’est brutalement retourné cette nuit, et le bitcoin abandonne près de 20% de sa valeur. Une première désillusion pour les nouveaux entrants (sauf pour ceux qui investissent en DCA [1]), une respiration salutaire, voire une opportunité pour les autres....

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At...

The past 12 hours have been rather tense on the cryptocurrency market. Bitcoin, as well as other cryptocurrencies, went through a massive correction, resulting in almost $1.3 billion liquidations in 12 hours.This morning, Bitcoin was trading at over $41,000, even though it was seemingly trapped in a range between $39,600 and $41,500 for more than a day without any decisive moves in any direction.However, it all began a little more than 15 hours ago when the price tanked from $41,000 to about...