Visa – one of the largest credit card companies in the world – has announced plans to roll out cryptocurrency-buying services soon.Visa Is Working to Make Crypto the Future of MoneyOver the years, the credit card firm has become one of bitcoin’s biggest supporters despite not thinking much of digital assets for a time. Since then, however, it has forged relationships with approximately 35 separate bitcoin and cryptocurrency-related firms and hopes to make it so that digital currency can take...
Read More »India Is Now Looking Into Creating a Centralized Cryptocurrency
The finance minister of India Nirmala Sitharaman is putting a lot of people’s fears to rest given that her recent budget speech left out cryptocurrencies completely. While this may seem like the wrong move to make, it has seemingly calmed many viewers given that India has long been debating whether it should potentially instill a full ban on all crypto-related activity.India Is Moving in Another Direction with CryptoIndia first instilled a ban on all business partnerships between crypto firms...
Read More »Bitcoin Cash Analysis: Bulls Eyeing Upside Break Above $450
Bitcoin cash price is currently struggling to clear the $450 resistance against the US Dollar.The price is trading nicely above the $420 level and the 55 simple moving average (4-hours).There is a major ascending channel forming with support near $420 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to clear the $450 resistance as long as it is above $400 in the near term.Bitcoin cash price is slowly moving higher towards $450 against the US Dollar, while...
Read More »Litecoin (LTC) Price Analysis: Dips Likely To Remain Limited Below $140
Litecoin price started a fresh increase from the $125 support zone against the US Dollar.LTC price is now trading well above $140 pivot level and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct lower, but it is likely to remain stable above $145 and $142.Litecoin price is showing positive signs above $145 against the US Dollar, similar...
Read More »Elon Musk: BTC Will Soon Be Truly Loved By the Public
One of the biggest problems for crypto traders is the fact that some leading technical experts – such as Elon Musk – are seemingly unable to make up their minds about bitcoin. Is it good? Is it bad? They seem to be going back and forth all the time, which inevitably causes the currency to experience price fluctuations that can make life difficult for hardcore traders and buyers.Elon Musk: I’m a Bitcoin SupporterBut in recent days, the South African entrepreneur has been rather clear about...
Read More »Tron (TRX) Price Analysis: Bulls Eye Fresh Rally above $0.035
Tron price is holding the key $0.0324 and $0.0310 support levels against the US Dollar.TRX price is now facing hurdles near $0.0350, but it is well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.0330 on the 4-hours chart (data feed via Bitfinex).The pair could start a strong increase if it clears the $0.0350 resistance zone in the near term.TRON price is showing signs of a fresh break above $0.0350 against the US Dollar, while...
Read More »Ripple Wants the SEC to Explain How It’s Different from BTC and ETH
The lawsuit between Ripple and the Securities and Exchange Commission (SEC) just keeps heating up. Ripple has now put in a request with the agency to view documents determining its decisions to allow both bitcoin and Ethereum to be exempt from securities statuses through what’s known as a “Freedom of Information” request.Ripple: What Makes Us So Unique, Huh?Here’s a little background on the situation. Ripple is being charged by the SEC for hosting an improper token sale back in 2013....
Read More »Cardano (ADA) Price Analysis: Bullish Breakout Above $0.42 Likely
ADA price formed a strong support above the $0.3000 and $0.3100 levels against the US Dollar.The price broke the $0.3900 resistance and settled above the 55 simple moving average (4-hours).There was a break above a crucial contracting triangle with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The price is likely to continue high above $0.4200 as long as it is above the $0.3880 support.Cardano price is holding gains above $0.3800 against the US Dollar, while bitcoin is...
Read More »Ethereum Price Analysis: ETH Eyeing Fresh Surge Above $1,500
Ethereum price is struggling to clear the $1,440 and $1,450 resistance levels against the US Dollar.ETH price is currently showing positive signs above $1,300 and the 55 simple moving average (4-hours).There is a major ascending triangle pattern forming with resistance near $1,440 on the 4-hours chart (data feed from Coinbase).The pair could eye a fresh rally above the $1,440 and $1,450 resistance levels.Ethereum price is trading in a bullish zone above $1,300 against the US Dollar. ETH/USD...
Read More »The GameStop Fiasco Has Set Up a Major Playing Field for BTC
Trading apps like Robinhood have stepped in to stop their customers from trading stocks like GameStop, which have surged in recent days. As a result, bitcoin and cryptocurrency are starting to look a lot more promising, which is potentially why the world’s number one digital asset by market cap has surged by more than $2,000 at the time of writing.GameStop Barricades Help BTC Spike AgainBitcoin was initially trading for under $32,000, though in the last day or so, the currency has surged...
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