Litecoin price declined sharply below the $150 zone against the US Dollar. LTC price is now trading below $150 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $145 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $130 support. Litecoin price is gaining bearish momentum below $140 against the US Dollar, similar to bitcoin. LTC...
Read More »“Let’s Go Brandon” NASCAR Driver Accepts Crypto Endorsement Deal
Brandon Brown – a NASCAR driver that’s inspired the many “Let’s Go Brandon” chants heard at sports arenas and gatherings across the country for the past several months – is now being sponsored by a cryptocurrency established through the chant in what has become a unique (and amusing) circle. Brandon Brown Steps Into the Crypto Circle “Let’s Go Brandon” has been a trend for months now and is designed to hide what speakers are really saying, which is “F*ck Joe Biden.” The...
Read More »FTX Is Entering the World of Womens’ Sports with New Crypto Deals
The worlds of sports and crypto are now only separated by a very thin, blurry line. Both arenas are finding more ways to become connected, with the most recent example coming in the form of the Alabama women’s softball team and its new partnership with popular cryptocurrency exchange FTX. FTX Is Blurring the Line Between Sports and Crypto The trading platform has recently announced a new NIL offer that was made to the team. This is the second partnership of this kind to...
Read More »Crypto Regulation in India Is Still Unclear
India has fallen behind on its plans to regulate cryptocurrency. The winter session of Parliament was supposed to see a new bill introduced that would recognize crypto as a new asset class that could be regulated and monitored. However, this has not yet occurred and thus India’s digital currency future is still in the clouds. India and Crypto Regulation: What’s Happening? The good news is that regulatory officials have stated that at this stage, outright banning crypto...
Read More »Tron (TRX) Price Analysis: Risk of More Losses Below $0.07
Tron price started a fresh decline from the $0.0825 resistance against the US Dollar. TRX price is now trading below $0.0800 and near the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0780 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above the $0.0780 resistance. TRON price started a fresh decline below $0.0850 against the US Dollar, similar to...
Read More »Bitcoin Price Analysis: BTC Faces Major Hurdle Near $47K
Bitcoin price started a fresh decline from well above $48,000 against the US Dollar. The price is now trading below $47,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $47,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear move below the $45,555 support zone. Bitcoin price is trading below $48,000 against the US Dollar. BTC might...
Read More »Ohio Republican Josh Mandel Takes Flak Over BTC Social Media Post
Josh Mandel – a Republican senate hopeful running in the state of Ohio – is taking flak for a tweet he posted which seems to compare bitcoin support with support for Christianity. Josh Mandel Loves Bitcoin, but Not Everyone Thinks Alike To be fair, Mandel has long been a bitcoin and cryptocurrency proponent. He has spoken in favor of the asset on social media, though one tweet is landing him in some hot water with followers and haters alike. The post came two days before...
Read More »MicroStrategy Just Bought a Lot More Bitcoin
Last Thursday, MicroStrategy – the billion-dollar software firm that became one of bitcoin’s biggest institutional supporters in 2020 – announced that it purchased a lot more bitcoin now that the currency has undergone a heavy slump. MicroStrategy Has Added to Its BTC Stash Not long ago, the world’s number one digital currency by market cap fell from about $51,000 per unit to just over $47,000. The company has said it is simply “buying the dip” and purchasing more BTC...
Read More »Between COVID and Environmental Issues, Bitcoin Continues to Sink
The price of bitcoin has fallen from around $51,000 to just over $47,000 at the time of writing, and several other forms of crypto are also feeling the heat. Ethereum, for example, has risen about 400 percent since the beginning of the year, though it is set to experience its worst month since March of 2021. Bitcoin Has Taken a Dip According to many analysts, the problems stem from growing Omicron cases – the new coronavirus variant – and from climate change. While many...
Read More »Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.30
ADA price started a fresh decline from the $1.60 resistance against the US Dollar. The price is now trading below $1.40 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.312 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if it manages to stay above the $1.30 support zone. Cardano price is struggling below the $1.32 resistance against the US Dollar, unlike bitcoin. ADA price...
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