Tron price started a strong decline and traded below the key $0.0500 support against the US Dollar. TRX price is now recovering from $0.0380, but it is still well below the 55 simple moving average (4-hours). There was a break below a key contracting triangle forming with support near $0.0560 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh increase if it clears the $0.0510 resistance zone in the near term. TRON price is correcting losses above...
Read More »Bitcoin Price Analysis: BTC Could Rally Again If It Overcomes $52K
Bitcoin price rallied to a new all-time high near $58,440 before correcting lower against the US Dollar. The price declined sharply below $52,000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support at $51,660 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is recovering, but it must surpass $52,000 to continue higher in the near term. Bitcoin price started a downside correction from well...
Read More »Bitcoin Is Surging, but Analysts Differ On Whether the Asset Has a Legitimate Future
Bitcoin has been doing extremely well as of late. The currency recently spiked as high as $56,000 per unit, and the world’s number one digital currency is now enjoying a total market cap exceeding $1 trillion. The asset has been on a serious momentum hike, and it doesn’t look like things are set to die down anytime soon.Bitcoin Is Seen Differently By AllBut the asset isn’t seen in a positive light by everyone. In fact, Eric Rosengren – president of the Federal Reserve Bank of Boston – is...
Read More »Social Media Firm Gab Shuts Down Temporarily Following BTC Spam Scare
Social network Gab saw itself going offline for a short period after some of its employees discovered bitcoin spam messages infiltrating the network.Gab Sees Bitcoin Spam Enter the ForumBitcoin spam has been rather prominent on social media these days. Last year during the summer, the world was shocked when it was found out that many high-profile accounts – including those of former president Barack Obama, his vice president Joe Biden, South African Tesla and SpaceX executive Elon Musk and...
Read More »Bitcoin Hits $1 Trillion Market Cap; How Much Further Will It Go?
Bitcoin has been doing extremely well as of late. At the time of writing, the world’s number one digital currency by market cap has shot beyond the $56,000 mark, and it looks like the currency isn’t set to slow its momentum anytime soon.Bitcoin Is Continuing to ExplodeRecently, bitcoin moved beyond a $1 trillion market cap, making it more comparable to gold. This is more than double the $500 billion it was at during the early portions of 2021. It has also shot up in price by more than five...
Read More »Cardano (ADA) Price Analysis: Why Dips Remain Attractive Below $1
ADA price extended its rally and it even surged above the $1.00 resistance against the US Dollar.The price is trading nicely above the $0.9500 support and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.9550 on the 4-hours chart (data feed via Bitfinex).The price is likely to continue higher above the $1.05 unless there is a close below $0.9500.Cardano price is trading in a strong uptrend above $0.9500 against the US Dollar, similar to...
Read More »Ethereum Price Analysis: ETH Starts Major Downside Correction
Ethereum price traded to a new all-time high at $2,043 before correcting lower against the US Dollar.ETH price is currently trading well below $1,750 and the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue lower towards the $1,640 and $1,600 levels in the near term.Ethereum price is correcting gains from well above $2,000 against the US Dollar. ETH/USD...
Read More »Canada’s Bitcoin ETF Is Garnering Major Attention
Recently, Live Bitcoin News reported that Canada had introduced the world to the first bitcoin-based exchange-traded fund (ETF). The product has only been around for a few days, and already it’s smashing records and has sold more than $165 million worth of shares through the Canadian stock exchange, otherwise known as the TSX.Canada’s ETF Is Making Headway for Other ProductsA bitcoin ETF has been the envy of every major crypto firm throughout the United States and North America over the past...
Read More »New York Takes Action Against Coinseed, a Potentially Fraudulent Crypto App
New York Attorney General Letitia James has announced plans to file suit against a cryptocurrency trading app known as Coinseed, which she claims has been fraudulent and cheating its investors.Coinseed Will Face Action from New York LawmakersCrypto crime is a serious problem and has been around since the world of digital currency was first brought to international attention roughly 12 years ago. The crypto space has been filled to the brim with theft and cyberattacks that ultimately leave...
Read More »Christie’s Auction House Says “Yes” to ETH Payments for Art Pieces
Who would have ever thought that the world of blockchain technology and the world of art would ever collide? The past few years have shown that digital artists can, indeed, make a nice living with blockchain’s help, and now Christie’s Auction House is looking to get in on the action.Christie’s Auction House Views ETH with PositivityThe company has recently stated that all art pieces put up for sale or auction in the future can be paid for with Ethereum, the second-largest cryptocurrency by...
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