Tag Archives: News

There comes a time when people need to learn to stop talking and just listen. It looks like that time has come for Elon Musk. Either he is oblivious to his power within the crypto community, or he likes to make waves as a hobby, but his latest discussion regarding selling his bitcoin stash has delivered a hard blow to the world’s number one digital currency by market cap. Elon Musk May Cash Out of Crypto Musk – the South African entrepreneur behind billion-dollar...

Bitcoin has fallen into the dung heap. The currency – which last month hit a new all-time high of roughly $64,000 – is now trading for about $20,000 less and is trapped in the $43,000 range. It also looks like things are going to be unsteady for the next couple of weeks according to billionaire investor and former hedge fund manager Mike Novogratz. Mike Novogratz: Expect Things to Be Down for the Next Month Novogratz is arguably one of the world’s biggest bitcoin...

Ethereum price started a fresh decline from well above $3,500 against the US Dollar. ETH price is currently trading well below $3,500 and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $3,600 on the 4-hours chart (data feed from Coinbase). The pair must stay above $3,000 to start a fresh increase in the coming sessions. Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching...

You know a cryptocurrency has reached a whole new pinnacle when it features its own hard fork or spin-off coin. In bitcoin’s case, there are several assets that stem from its technology such as Bitcoin SV (BSV), bitcoin cash (BCH) and Litecoin (LTC). Now, it looks like Dogecoin – a cryptocurrency that was never designed to be taken seriously – has its own alternate currency known as Shiba Inu coin, and some people have already become millionaires thanks to early...

Goldman Sachs executive Aziz McMahon has resigned from his position with the financial giant after garnering a massive cryptocurrency fortune. Aziz McMahon Is Out at Goldman Sachs This news is coming at a time when most cryptocurrencies are in the doldrums. Bitcoin, for example, has fallen from its recent all-time high of $64,000 per unit – initially achieved in April of this year – to about $48,000 at press time. This is a $16,000 drop, and many other leading altcoins...

Stellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar. XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6850 and $0.7100 resistance levels. Stellar lumen price is holding ground above $0.6000 against the US Dollar, similar to...

Ripple price is holding ground above the $1.22 support zone against the US dollar. The price is now consolidating above $1.45 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near the $1.5500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.55 and $1.60. Ripple price is trading nicely above the $1.40 support against the US...

Over the past year, people have really rejected the idea that bitcoin is just a speculative tool. Many are now looking at it through a new lens and see it as a hedge tool; something that can keep one’s wealth stable during times of economic strife. Bitcoin Has Been Tanking… The ongoing challenge of inflation – which has been prominent ever since the coronavirus pandemic first began striking against our global financial markets – has caused many people to see bitcoin as...

Bitcoin has fallen deeply into a state of oblivion. Once trading for well over $64,000, the world’s number one digital currency by market cap has lost nearly $20,000 in value since last month and is presently trading for just over $47,000. Bitcoin Is Still Being Bought Up Among many analysts is an attitude of gloom and doom. Some consider the end of bitcoin to be near, while other largescale investors – such as Michael Saylor of MicroStrategy fame – think that this is...

Bitcoin just keeps falling into oblivion. At the time of writing, the world’s number one digital currency by market cap has dropped into the $47,000 range, which is lower than it has been in quite a long time – especially considering at around this time last month, the asset was trading for well over $64,000. However, it was expected that BTC would undergo a hard correction considering how fast it moved up, and Anthony Scaramucci of Sky Bridge Capital believes the asset...