Tag Archives: News

Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar. The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear the trend line and $34,500 to move into a positive zone in the near term. Bitcoin price is recovering higher above...

With Ethereum continuing to show a lot of gall and hutzpah during this current bear market, many are wondering if the asset will eventually become the world’s most powerful cryptocurrency by market cap. As always, bitcoin is still in the number one spot, but Ethereum is continuing to show heavy promise, and Wall Street along with several retail players are experiencing more interest in the asset. Ethereum Is Gaining Serious Momentum Ethereum is the second largest...

Chicago is building itself up as a leader in the world of blockchain and crypto. The region already hosts a bitcoin ATM operator and a crypto mining facility and is looking to add a whole lot more to the mix. Chicago Is Becoming a Real Crypto Hub David Carman is a fintech consultant and board member with Global DCA, a crypto industry association in Chicago. He says that over the years, people within the city have grown to love digital assets, and the market itself is...

A professor at Cornell University believes that bitcoin can never accomplish all it has set out to do unless it manages to get past three big hindrances. According to Eswar Prasad, professor of economics at the educational institution, bitcoin still suffers from several flaws that are preventing it from being stronger than many of its altcoin cousins. Eswar Prasad: BTC Still Has a Way to Go In an interview, Prasad points to the idea that bitcoin mining is extremely...

ADA price started a fresh decline from well above the $1.50 level against the US Dollar. The price is now trading well below $1.45 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.38 on the 4-hours chart (data feed via Bitfinex). The price is recovering, but it is likely to face sellers near the $1.38 and $1.40 levels. Cardano price is trading in a bearish zone below $1.40 against the US Dollar, similar to...

Ethereum price failed to stay above $2,500 and it extended its decline against the US Dollar. ETH price is now trading well below $2,300 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2,060 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but it is likely to face resistance near $2,060 and $2,200. Ethereum price is gaining bearish momentum below $2,200 against the US Dollar....

Francis Suarez, the mayor of Miami, says he is now looking to open his city to all the Chinese bitcoin miners that are getting kicked out of their country. Francis Suarez Opens His City to Chinese BTC Miners China has recently stated that it will be banning all crypto mining operations. Beijing has given these companies approximately two months to leave, and many are looking for a new home to set up their mining equipment. While some analysts have said that Texas will be...

Popular cryptocurrency exchange Coinbase is setting up an office in New York. Coinbase Is Opening an Office in New York Based in San Francisco, Coinbase has established itself as a leading digital currency trading hub following news in April that it would be the first crypto exchange in the history of the space to go public on the Nasdaq, though share trading has been somewhat of a rocky process. In addition, the company has recently added Dogecoin to its list of...

Bitcoin has always had support from billionaire investor and former hedge fund manager Mike Novogratz. However, in a recent interview, he seemed to hint that the currency does not have any value all by itself like standard fiat. Rather, it is valuable simply because the people who use it and invest in it say it is. Mike Novogratz on What Gives BTC Value During his discussion, Novogratz said that bitcoin primarily has value thanks to the community it has established. He...

Stellar lumen price struggled to clear the $0.3500 resistance zone against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3080 on the 4-hours chart (data feed via Kraken). The pair is likely to extend its decline as long as it is below the $0.3500 resistance level. Stellar lumen price is facing hurdles near $0.3200 and $0.3500 against the US Dollar,...