Tag Archives: News

ADA price is struggling to clear the $1.50 resistance against the US Dollar. The price is now well above the $1.40 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.44 on the 4-hours chart (data feed via Bitfinex). The price could start a strong increase if it clears the key $1.50 resistance zone in the near term. Cardano price is facing an uphill task near $1.50 against the US Dollar, while bitcoin is...

Ethereum price extended its increase above the $3,000 resistance against the US Dollar. ETH price is now trading well above $3,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $3,040 on the 4-hours chart (data feed from Coinbase). The pair is consolidating gains and it might start a fresh increase above $3,200. Ethereum price is showing positive signs above $3,000 against the US Dollar. ETH/USD must stay above...

The cryptocurrency space is climbing towards a market cap of roughly $1.7 trillion given that bitcoin is now trading above $42,000 – something it hasn’t done in a very long time. The currency was allegedly given a slight push by the “London” upgrade that occurred for Ethereum a few days earlier, and this upgrade likely caused several other altcoins (such as Cardano and Polkadot) to shoot up as well. Ethereum Is Slated to Flip Bitcoin in the Coming Years But while bitcoin...

Coinbase – one of the world’s largest and most popular cryptocurrency exchanges – has acquired a Dallas, Texas-based crypto startup known as Zabo. Coinbase Gets Its Hands On Zabo Zabo is a relatively new firm, with its seed funding round occurring just last year in 2020. At that time, the company managed to raise more than $2.5 million thanks to the leadership of financial enterprises like Austin’s Moonshots Capital. It was one of the firm’s first blockchain-based...

Cambodia is another country that is heavily reliant on the U.S. dollar. Tired of its dependence on USD, the country has launched a centralized, bank-issued cryptocurrency, hoping that people will begin to utilize it for payment purposes, and thus far, the results have been rather positive. Cambodia Has Unveiled an Official CBDC As it turns out, El Salvador – which has been in the news quite a bit as of late – is not the only country out there that depends heavily on USD...

Stellar lumen price started a decent increase above the $0.2800 resistance against the US Dollar. XLM price is now trading near $0.2800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2760 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase as long as it is above the $0.2700 support zone. Stellar lumen price is showing positive signs above $0.2700 against the US Dollar,...

Ripple price gained traction and it rallied above $0.7500 against the US dollar. The price is now trading well above the $0.7500 resistance and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.7500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $0.7000 support zone. Ripple price is trading in a positive zone above $0.7500 against the...

Fidelity Investments Inc. is now a major stakeholder in Marathon Digital Holdings, one of the biggest bitcoin mining firms in North America. Fidelity Investments Buys More Than 7% of Marathon At the time of writing, Fidelity has purchased a 7.4 percent stake in the crypto mining enterprise, thereby boosting the institutional presence that has grown so prevalent in the crypto world over the past few months. Since the end of last year, many institutional figures from...

Billionaire investor Ray Dalio clearly has a soft spot in his heart for bitcoin, but when it comes to gold, it looks like that soft spot gets even bigger. In a recent interview, Dalio was quick to claim that bitcoin is like a digital version of gold, but he still values the real thing over its digital counterpart. Ray Dalio: Gold Is a Better Choice In the interview, Dalio explains jokingly: If you would put a gun to my head and you said, ‘I can only have one,’ I would...

Ethereum is surging like crazy as of late. Many investors are piling into the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin after its newly scheduled upgrade took place. The upgrade is simply going by the codename “London” at the time of writing. Ethereum Is Booming! Over the past day alone, Ethereum has surged by more than eight percent. It appears the currency’s rally is allegedly helping its fellow altcoins, such as BNB –...