Tag Archives: Altcoin News

Despite nearly two years of delays and several regulatory hurdles, Facebook’s Libra – now called Diem – is still looking to carve out a place for itself in the crypto space.Diem Is Still Trying to Move ForwardFacebook first entered the cryptocurrency environment in June of 2019, announcing that it was looking to establish a global payment system and unveil a new digital asset it was calling Libra that could potentially be utilized to purchase goods and services through the social media...

Bitcoin cash price started a fresh decline from well above the $280 support against the US Dollar.The price is now trading below the $270 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $268 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses if there is a break below the $254 support zone.Bitcoin cash price is facing an increase in selling below $280 against the US...

EOS started a strong decline below the $3.000 support zone against the US Dollar.The price is currently trading below the $2.900 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.840 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could continue to move down as long as it is below the $2.850 and $2.900 resistance levels.EOS price is facing a lot of hurdles on the upside near $2.900 against the...

Litecoin price started a fresh decline below the $82.00 and $80.00 levels against the US Dollar.LTC price traded close to the $72.00 level and settled below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $83.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face hurdles near $78.40 and $80.00 in the near term and resume its decline.Litecoin price is currently trading in a bearish zone below...

As of late, bitcoin appears to be getting the most attention out of all the world’s many cryptocurrencies. The asset has shot up to about $19,000, and many are eager to see if $20,000 is right around the corner. Amidst all the hype and hoopla, however, it appears we’ve forgotten about some of the world’s smaller competitors. Assets such as Ethereum, which according to Frank Holmes – chief executive and chief investment officer at U.S. Global Investors – is going to experience a huge bull run...

Tron price started a strong decline after it failed to clear the $0.0320 resistance against the US Dollar.TRX price is now trading below the $0.0300 level and the 55 simple moving average (4-hours).There was a break below a key contracting triangle with support near $0.0300 on the 4-hours chart (data feed via Bitfinex).The pair could accelerate lower if there is a clear break below $0.0275 and $0.0270.TRON price is gaining bearish momentum below $0.0300 against the US Dollar, similar to...

Apple co-founder Steve Wozniak is supporting a new cryptocurrency startup that’s designed to cut greenhouse gas emissions and help save the environment.Steve Wozniak Wants to Save the PlanetOne of the big problems being faced by cryptocurrency miners everywhere is that the extraction process is allegedly boosting carbon gas production and polluting the atmosphere, thereby contributing to climate change. For example, it has been said that mining bitcoin emits as much carbon as the city of Las...

Facebook’s new Libra cryptocurrency project has had a hard time getting off the ground, and considering it’s still getting a lot of raised eyebrows and distrusting looks from international financial leaders, it looks like things are set to remain somewhat difficult for the asset to roll out.Libra May Encounter Opposition in GermanyRecently, Libra was jabbed at by German Finance Minister Olaf Scholz, who says he’s not entirely comfortable with the authorization of Libra use in Europe. While...

ADA price is struggling to clear the $0.1600 and $0.1740 resistance levels against the US Dollar.The price is now trading below the $0.1600 pivot level and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.1580 on the 4-hours chart (data feed via Kraken).The price could decline sharply below $0.1450 as long as it is below $0.1600.Cardano price is showing a few bearish signs below $0.1600 against the US Dollar, unlike bitcoin. ADA price...

Ethereum price is trading in a contracting range below $600 against the US Dollar.ETH price is currently trading near the $585 pivot and the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $596 on the 4-hours chart (data feed from Coinbase).The pair could either surge above $600 or decline heavily towards the $550-$560 zone.Ethereum price is showing a few bearish signs below $600 against the US Dollar. ETH/USD is likely setting up for a...