After the latest price record above $57,500 and a subsequent sharp drop to $54,000, bitcoin has calmed around the $56K price mark (as of now). Most alternative coins have charted declines over the past 24 hours, except for UNI, which painted a new ATH north of $32.Bitcoin Stalls After The Latest ATH Set At $57.5KThe past week was quite positive for the primary cryptocurrency as it recovered from the brief dip to $46,000 decisively. In the following days, the asset gained more than $11,000 of...
Read More »Crypto Market Cap Breaks $1.7 Trillion: Polkadot (DOT) Now Top 4 After 20% Gains
Another day brings more breached milestones for the crypto field as the market cap has exploded above $1.7 trillion for a new record. This comes following ATHs for Bitcoin above $56,000, Ethereum (north of $2,000), and numerous other altcoins heading towards uncharted territory as well.Bitcoin Sees Yet Another ATHIt was just earlier this week when the primary cryptocurrency struggled around the $46,000 price tag after a sharp drop. However, the asset rapidly reversed the trend and started...
Read More »Crypto Price Analysis & Overview February 19th: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot
It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...
Read More »Elon Musk Says Tesla’s Mega Bitcoin Purchase Is Not ‘Directly Reflective’ of His Opinion
Michael Saylor, the CEO of MicroStrategy, is one of those who believes Tesla’s bet on Bitcoin can have a tremendous ripple effect.Elon Musk, the billionaire Chief Executive Officer of the electric automaker Tesla Inc (NASDAQ: TSLA), has defended the firm’s latest Bitcoin (BTC) move while declaring he has little influence over it. Earlier this month, the company declared it has purchased as much as $1.5 billion worth of the digital currency, a move that took the crypto space by...
Read More »Ripple Smothered XRP Price, SEC Alleges
The complaint claims that Ripple knew that its digital coin could be a security offering after receiving legal advice “as early as 2012” but disregarded it.Ripple suppressed and manipulated XRP price, created an information vacuum and deceived XRP investors for years, the SEC has alleged. The first fight in the SEC-Ripple legal battle got off with a hard punch as the United States Securities and Exchange Commission has alleged that executives of the parent company of XRP, Ripple Labs Bradley...
Read More »BNB Price Up 36%, Hits New ATH, Ripple’s XRP Loses 6th Spot to Binance Coin
The last time XRP dropped to that position was in June 2014, when it fell below the meme coin Dogecoin.Ripple’s XRP has dropped further down the crypto ladder as the Binance coin (BNB) has overtaken it, sending the digital coin to the 7th position on the crypto ladder. At the time of writing, BNB price is over 36% up, trading at $183.26. The coin is hitting one record level after another and its market cap has topped $28 billion.The last time XRP dropped to that position was in June 2014...
Read More »Litecoin (LTC) Price Analysis: Bulls Aim A Break Above $250
Litecoin price started a fresh increase from the $200 support zone against the US Dollar.LTC price is now trading well above $220 support and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $208 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could dips a few points, but there are high chances of a break above the $250 resistance.Litecoin price is trading in a positive zone above $200 against the US Dollar,...
Read More »Bitcoin Sets New ATH Above $51K as Altcoins Bleed Against BTC (Market Watch)
Bitcoin has done it again and painted yet another all-time high, this time above the $51,000 price tag. Most altcoins have fallen against their leader, and BTC has managed to increase its market dominance to above 62%.Bitcoin’s Latest ATH At Above $51KThe past several days have been quite turbulent for the primary cryptocurrency but ultimately positive. Just on Monday, bitcoin was nearing the coveted $50,000, but a sharp retracement drove it down to a low of $46,000.However, the bulls took...
Read More »Ripple Experiences Massive Price Jump Following Tesla Bitcoin Buy
Despite the huge and ugly lawsuit pending against Ripple, the company’s cryptocurrency XRP has recently incurred a massive gain following news that Tesla has purchased approximately $1.5 billion worth of bitcoin, the world’s leading digital asset by market cap. The news suggests that all smaller altcoins still move in tandem with BTC and have yet to find their own footing in the growing world of digital currency.Ripple Shoots UpFollowing the purchase, XRP rose as much as 15 percent before...
Read More »SEC v. Ripple (XRP): Settlement at This Point Unlikely as Pretrial Conference Set for February 22nd
The United States Securities and Exchange Commission (SEC) and Ripple, the fintech company behind the third-largest cryptocurrency, XRP, have clearly stated that there will not be any settlement on the current lawsuit against Ripple prior to the official trial date.No Prospect For SettlementBoth parties made this statement in a discovery letter dated February 15, 2021, which was addressed to Judge Analisa Torres. In the document, both the SEC and Ripple said that they “do not believe there is...
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