Tag Archives: News

There has been a lot of hype surrounding the recent Pro Shares bitcoin-based exchange-traded fund (ETF). The product has been something traders have long sought, and after many failed applications, it looks like an ETF has finally been unveiled. This ultimately drove bitcoin into reaching its most recent all-time high of approximately $66,000 per unit. Why the Bitcoin ETF Isn’t All It’s Cracked Up to Be While things have appeared rather stable for the past few weeks,...

Graham Jenkin – the CEO of Coin List – claimed in a recent interview that he could easily see bitcoin reaching six figures – approximately $100,000 – by the time 2022 is ready to begin. Graham Jenkin: We’ll See the Six-Figure Bitcoin in 2022 No doubt 2021 has been one of the craziest and most up-and-down years for the world’s number one digital currency by market cap. The asset began the year in the mid-$20,000 range, which was already considerably higher than it had...

Nayib Bukele – the president of El Salvador – has confirmed a purchase of approximately 420 bitcoins now that the currency has fallen below the $60,000 line. Bukele stated that he and his country are looking to “buy the dip” and expand their crypto horizons through the purchase. El Salvador Adds a Lot of BTC to Its Stash Not long ago, the world’s number one digital asset by market cap rose as high as $66,000 per unit. Now, the currency has fallen into a bit of a hole and...

ADA price is struggling to clear the $2.00 and $2.05 resistance levels against the US Dollar. The price is now trading below $2.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.06 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase unless there is a break below $1.90. Cardano price is struggling below the $2.05 resistance against the US Dollar, unlike bitcoin. ADA price must...

Ethereum price started a fresh increase above $4,200 against the US Dollar. ETH price is now trading above $4,200 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $4,350 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh rally if it clears the $4,350 resistance zone. Ethereum price is showing positive signs above $4,200 against the US Dollar. ETH/USD could gain pace above the $4,350...

Elon Musk – the South African billionaire and head of companies like Tesla and SpaceX – is reaffirming his love for Dogecoin and is pushing the asset above all others. Elon Musk Is Big on Doge In recent days, Shiba Inu coin – a growing altcoin and a popular spinoff of Doge – has experienced a massive surge in price. Many are going nuts for Shiba Inu to the point that there is now a petition going between investors and trading platform Robinhood to get the asset added to...

Despite having the goal of being widespread and utilized by many people throughout the globe, bitcoin, it turns out, is still experiencing very concentrated ownership according to a new survey conducted by the National Bureau of Economic Research. Bitcoin Isn’t Falling Into Too Many Hands Bitcoin was built as a means of giving financial freedom and power back to the common people. Right now, the world’s financial systems are largely governed by centralized banks that...

A teenage boy in the town of Lincolnshire in the United Kingdom has been issued with a 12-month rehabilitation order after he created a phony website that cheated dozens of people out of money that was later used to purchase cryptocurrency. At the time of writing, these digital funds – worth approximately two million pounds – have been confiscated by law enforcement agents. UK Boy Is Seeing His Assets Taken The boy is remaining anonymous at press time, though according...

Stellar lumen price started a steady increase above $0.3500 against the US Dollar. XLM price is now trading just below $0.3650 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.3650 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.3500 support zone in the near term. Stellar lumen price is trading just above $0.3500 against the US Dollar, similar to...

Ripple price started a fresh decline from the $1.15 resistance against the US dollar. The price is now trading below $1.08 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.070 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is a clear break below $1.05. Ripple price is showing bearish signs below $1.10 against the US Dollar, unlike bitcoin. XRP...