Tag Archives: News

Bitcoin price is struggling to clear the $34,000 and $35,000 resistance levels against the US Dollar.The price is now trading well below $34,000 and the 55 simple moving average (4-hours).There are two major bearish trend lines forming with resistance near $34,000 and $34,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline sharply if it fails to stay above the $30,000 support zone.Bitcoin price is showing a few bearish signs below $35,000 against the...

The Central Bank of Bahrain (CBB) is a fan of cryptocurrency. So much so that the firm is now unveiling Coin MENA, a new cryptocurrency exchange.Coin MENA Is Here for All Eager TradersWhat’s the big clincher? The exchange is compliant with Sharia law. The trading platform has recently received its new “Crypto Asset Services Company License – Category Two” and will begin paving a path for users to trade, purchase and sell digital currencies within the Middle Eastern nation of Bahrain.The firm...

The lawsuit between Ripple and the Securities and Exchange Commission (SEC) is starting to heat up.Ripple Could Be Heading to a Point of No ReturnHere’s a little background on the case. Less than a month ago, the financial agency filed a civil suit against Ripple, which issues the fourth-largest cryptocurrency in the world known as XRP after bitcoin, Ethereum and Tether (a stable currency). The SEC is alleging that Ripple falls into the “securities” category and did not properly register its...

Bitcoin has taken a bit of a stumble as of late. The world’s number one digital currency by market cap – which spent most of early January trading for over $40,000 (its highest point yet) – has dropped to about $33,000 at press time. The move has quite a few analysts and industry experts worried, but according to Michael Saylor – the CEO of MicroStrategy – next month could be rather big for the asset.Michael Saylor Will Push a BTC AgendaMicroStrategy has made quite a name for itself over the...

ADA price found support near $0.2780 and recovered above $0.3200 against the US Dollar.The price is now facing hurdles near $0.3500 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).The price is likely to start a fresh increase if it clears the key $0.3600 resistance zone.Cardano price is holding gains above $0.3200 against the US Dollar, while bitcoin is declining. ADA price is...

Ethereum price traded to a new all-time high at $1,478 before correcting lower against the US Dollar.ETH price is currently testing the $1,330 support and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $1,200 on the 4-hours chart (data feed from Coinbase).The pair could eye a fresh increase above the $1,400 and $1,450 resistance levels.Ethereum price is trading in a bullish zone above $1,200 against the US Dollar. ETH/USD is likely to make...

China has always had the upper hand when it comes to bitcoin mining. The country hosts two of the largest distributors and builders of mining equipment in Bitmain and Canaan Creative. However, as of late there appears to be a national chip shortage, which means China may be losing its edge when it comes to extracting new crypto units.China Is Starting to Lose Its EdgeRight now, the prices of mining machines and related equipment have surged like there’s no tomorrow in China given how rare...

Bitcoin has been booming as of late, but according to one investor – who wishes to remain anonymous – this isn’t the best time to buy.Anonymous Investor: Buy Bitcoin When People Aren’t Speaking About ItAt first glance, one can understand where these words are coming from. After all, if something is spiking like there’s no tomorrow, the natural idea is that the asset will likely take a dip sometime in the future. That would likely be the best time to buy considering one can get it at a lesser...

What exactly has got everyone so crazy and obsessed with bitcoin as of late? Sure, the asset has been spiking like there’s no tomorrow and there’s a real possibility of becoming rich by getting involved in BTC, but there seems to be more that’s driving everybody’s taste for it.People Love Their Bitcoin; Analysts Explain WhyAccording to several industry experts, there are several aspects of bitcoin that have potentially dug themselves into people’s hearts and minds. Per science professor and...

Stellar lumen price remained stable above $0.2200 and recovered above $0.2600 against the US Dollar.XLM price is facing hurdles near $0.2850 and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.2840 on the 4-hours chart (data feed via Kraken).The pair could start a major bullish wave once it clears the $0.2840 and $0.3000 resistance levels.Stellar lumen price is showing positive signs above $0.2500 against the US Dollar, similar to...