ADA price started a fresh increase above $1.10 against the US Dollar. The price is now trading above $1.10 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $1.052 on the 4-hours chart (data feed via Bitfinex). The price could rise further, but it might face resistance near the $1.30 zone. Cardano price is gaining pace above $1.20 against the US Dollar, unlike bitcoin. ADA price could start another...
Read More »Ethereum Price Analysis: ETH Rallies Above $3K
Ethereum price started a fresh increase from the $2,800 zone against the US Dollar. ETH price is now trading above $2,800 and the 55 simple moving average (4-hours). There is a crucial rising channel forming with support near $2,820 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $3,200 resistance. Ethereum price is showing positive signs above $2,800 against the US Dollar. ETH/USD might rally...
Read More »Stellar Lumen (XLM) Price Aims Larger Increase To $0.28
Stellar lumen price started a fresh increase above the $0.20 zone against the US Dollar. XLM price is now trading above $0.2200 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.2065 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if there is a clear break above $0.2300. Stellar lumen price is trading in a positive zone above $0.2000 against the US Dollar, similar to...
Read More »Ripple Price Analysis: Bulls Gain Strength Above $0.65
Ripple price started a fresh increase above the $0.60 zone against the US dollar. The price is now trading above $0.7000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.6680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.7250 resistance level. Ripple price is trading in a bullish zone above $0.6000 against the US Dollar, like...
Read More »Dorsey: BTC Should Have Been Zuckerberg’s Main Project
In a recent interview, Jack Dorsey – the man behind billion-dollar companies such as Square and Twitter – said that Mark Zuckerberg – the CEO of Facebook, now Meta – was wrong to try and start his own cryptocurrency venture, and he feels things would have been more successful if he had focused on bitcoin. Jack Dorsey Is Critical of Diem BTC is the world’s largest and most popular cryptocurrency. Dorsey has long been a fan, working to enhance trading through Square and...
Read More »Facebook Sells Off All Its Libra-Based Assets
Not long ago, Live Bitcoin News published an article discussing Facebook aka Meta and its decision to sell off any assets aligned with Libra/ Diem. It looks now like those assets have been sold and the project has officially come to an end. The Facebook Libra Project Is Now Fully Over The developers behind Diem confirmed in a statement that the assets were sold for around $200 million to a crypto-based bank known as Silvergate. Initially, both firms were working with...
Read More »India Will Regulate Crypto and Unveil the Digital Rupee
In what is arguably one of the biggest 360s the world of crypto has ever seen, India has announced that it will not be banning crypto. Rather, it will tax crypto-based income, work to regulate the space, and is even planning to launch a virtual version of the country’s currency called the digital rupee. India Is Set to Regulate Crypto This is one of the biggest changes a country has ever exhibited when it comes to crypto. There was a long period when India had a very...
Read More »Hot Dog Restaurant Willy – Yums Says “Yes” to Crypto Payments
A hot dog restaurant called Willy – Yums in Bradenton, Florida has become the latest company to accept cryptocurrency as a method of payment. Willy – Yums Opens Its Heart to Crypto Willy – Yums opened about five years ago. It serves hot dogs, burgers, Cuban sandwiches, and many other things to tantalize one’s taste buds. The man who owns it – Rob Williams – says he was introduced to crypto through a friend and he immediately began investing through the Robinhood app. He...
Read More »Bitcoin Cash Analysis: Risk of More Losses Below $250
Bitcoin cash price started a fresh decline below the $320 support against the US Dollar. The price is now trading below the $285 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $290 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is no upside break above $300. Bitcoin cash price is showing bearish signs below $290 against the US Dollar,...
Read More »EOS Price Analysis: Downtrend Could Resume Below $2.2
EOS price is struggling to clear the $2.45 resistance zone against the US Dollar. The price is now trading below $2.30 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $2.20 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend decline if there is a clear break below the $2.20 support zone. EOS price is showing bearish signs below $2.40 against the US Dollar, similar to bitcoin. The...
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