Litecoin price started a strong surge above the $80.00 and $82.00 resistance levels against the US Dollar.LTC price traded close to the $95.00 level and settled below the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $82.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is now facing a strong resistance near the $92.00 and $94.00 levels.Litecoin price is up over 10% and it tested the $95.00 zone against...
Read More »Vitalik Buterin: Digital Wallets Can Break Quite Easily
Vitalik Buterin – the Canadian-Russian crypto entrepreneur widely credited for bringing Ethereum, the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin to the digital market – has warned traders and digital asset enthusiasts everywhere that virtual wallets aren’t as safe as they could be. He’s now pushing for the simplification of digital currency wallet technology, which he believes is not always kind to first-time traders and crypto holders.Vitalik...
Read More »Northern Trust Introduces Zodia, a New Crypto Custody Platform
As the demand for cryptocurrency custody services grows, more companies are looking for ways to safely protect users’ crypto funds and prevent them from falling into the wrong hands. Companies such as the Northern Trust Corporation, which thanks to a recent partnership with Standard Ventures, is unveiling a new platform known as Zodia Custody that’s designed to bring institutional-level custodial services to clients with crypto stashes.Zodia Custody Brings That Extra Layer of ProtectionOne of...
Read More »Bitwise Unleashes New Top Ten Crypto Tracking Platform
Bitwise Asset Management is unveiling its new Bitwise Ten Crypto Index Fund (BITW). The platform is designed to be an open-ended trust for new investors considering cryptocurrency exposure.Bitwise Is At It AgainBitwise has always been at the center of the world’s crypto arena. The company was widely regarded as the frontrunner to garner approval from the U.S. Securities and Exchange Commission (SEC) when it came to getting a bitcoin or cryptocurrency exchange-traded fund (ETF) established,...
Read More »Tron (TRX) Price Analysis: Approaching Crucial Support at $0.0275
Tron price is holding the key $0.0275 support zone against the US Dollar.TRX price is now facing resistance near $0.0296, but it is above the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.0292 on the 4-hours chart (data feed via Bitfinex).The pair could accelerate higher once it clears the $0.0295 and $0.0300 resistance levels in the near term.TRON price is slowly recovering above $0.0280 against the US Dollar, while bitcoin is...
Read More »Bitcoin Price Analysis: BTC Eyeing Upside Break above $19.8K
Bitcoin price started a major upward move from the $17,500 support zone against the US Dollar.The price is now trading well above $19,000 and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $19,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue higher if it clears the $19,570 and $19,800 resistance levels.Bitcoin price is currently showing bullish signs above $19,000 against the...
Read More »Abra Unveils Its New Global Cryptocurrency Purchasing Platform
Abra Inc. is bringing its clients a whole new cryptocurrency market that will allow them to compare prices and buy more than 600 separate types of cryptocurrency from single locations. The platform is designed to be global, meaning it can be accessed by traders and crypto fans from virtually all points of the world.Abra Is Allowing Customers to Compare Crypto PricesAbra – which was founded roughly six years ago in 2014 – initially started out as a peer-to-peer cryptocurrency remittance...
Read More »Institutions Support Bitcoin Despite Its Ups and Downs
The bitcoin price is once again past the $19,000 mark, and it appears institutional investors continue to drive the gains that bitcoin has been enjoying over the past several weeks.Institutional Traders Love Their BTCWe’ve all heard that the 2017 run and this run are completely different because the first was driven by retailers, whereas this one is being driven by professional traders that are looking for legitimate stakes in the crypto universe. Companies such as MicroStrategy have started...
Read More »The Good Fortune of Bitcoin Is Set to Last Well Into 2021, Analysts Say
Well, it’s another somewhat ugly day for bitcoin. Just yesterday, the world’s number one digital currency by market cap was trading in the low $18,000 range, which was a big hit from the $19,000+ it had been experiencing in the weeks before. Now, the asset has lost more than $1,000 off that price, and at first glance, it looks like 2020 may not be ending on the high note that everyone initially predicted.Bitcoin Has Dropped, But It Hasn’t FallenAnd yet many analysts still believe that this is...
Read More »Cardano (ADA) Price Analysis: Fresh Rally Likely Above $0.16
ADA price started a fresh increase above the $0.1400 and $0.1500 resistance levels against the US Dollar.The price is now trading below the $0.1500 level and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $0.1460 on the 4-hours chart (data feed via Kraken).The price could accelerate higher once there is a clear break above the $0.1600 resistance.Cardano price is showing a few bullish signs below $0.1500 against the US Dollar,...
Read More »