Tag Archives: News

Bitcoin cash price started a major decline from well above the $260 support against the US Dollar.The price is currently trading well below the $25 support and the 55 simple moving average (4-hours).There was a break below a crucial bullish trend line with support near $275 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could correct higher in the short-term, but there is a risk of more losses below $200.Bitcoin cash price is declining and it is trading in a...

Today is not a good day for bitcoin. Not only has the currency’s price fallen back several feet, but it looks like Ethereum – the second-largest cryptocurrency in the world and the primary competitor to BTC – is beginning to overtake the asset in several ways.The Ethereum Blockchain: A New Home for BTC?To be fair, Ethereum’s price is nowhere near that of bitcoin. In addition, the market cap is also not as strong, but bitcoin is now playing second banana to Ethereum in one major way: the...

Earlier today, Live Bitcoin News reported that bitcoin had suffered a major setback and ultimately fell below $12,000 and back into the $11,400 range. Now, we’re learning that it may have had to do with the seizure of Bithumb, a popular cryptocurrency trading platform based in South Korea.Bithumb Is Now in the Hands of Korean OfficialsBithumb has been seized by law enforcement officials after it was allegedly discovered that executives were selling BXA tokens – the official tokens of the...

Well, this is getting annoying, isn’t it? Bitcoin just can’t seem to make up its mind about where it wants to be. After jumping past the $12,000 mark just yesterday, the currency has now shrunk back to $11,400. That’s a 600 drop in just one day. Why can’t this coin decide it wants more out of life? What is it afraid of?Why Can’t Bitcoin Just Stay High?$12,000 is clearly proving itself to be the resistance level of the year at this point. The currency has crossed the threshold a few times only...

EOS failed to clear the $3.600 resistance and started a fresh decline against the US Dollar.The price declined below the key $3.200 support and the 55 simple moving average (4-hours).There was a break below a major ascending channel with support near $3.300 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could extend its decline if the bears are able to clear the main $3.000 support zone.EOS price is gaining bearish momentum below $3.200 against the US Dollar,...

Litecoin price is currently declining and trading below the $62.00 and $60.00 support levels against the US Dollar.LTC price is testing the $57.00 support zone and it is well below the 55 simple moving average (4-hours).There was a break below a major connecting bullish trend line with support near $61.45 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $60.00 and $60.50 resistance levels to move into a positive zone.Litecoin price is currently...

Ethereum – the world’s second-largest cryptocurrency by market cap and the primary competitor to bitcoin – has surged overnight by more than ten percent and is currently trading for well over $477. This is a spike of more than $30 over the past 24 hours.Ethereum Has Jumped Beyond $470On Monday August 31, the currency was trading for around $443, having broken $400 just two days prior. The entire week before, Ethereum had encountered a period of relative stagnation, hanging about the high $300...

The coronavirus pandemic has proven rather devastating to the bitcoin mining community. Many have had to shut themselves down given that they are not considered essential businesses. However, some of these companies – like Layer1 – are finding new ways to make a profit while the virus continues to meander across the globe, and these ways are proving to be quite innovative.Layer1 Is Staying Innovative – and ProfitableSeveral cryptocurrency mining firms – such as Digital Farms in California –...

After all the worry and concern that has been meandering throughout the space, bitcoin has again crossed the $12,000 threshold for the second time in just weeks.It’s $12K All Over Again for BitcoinThe last time bitcoin hit this figure was in the middle of August. Sadly, the price switch didn’t last. It rose all the way to $12,400, but bitcoin was not able to keep up the momentum and fell back into the low $11,000 range a few days later. It’s relatively impossible to assume what will happen...

Tron price started a strong rise above the $0.0300 resistance zone against the US Dollar.TRX price traded as high as $0.0373 and it is currently consolidating gains.There is a major bullish trend line forming with support near $0.0315 on the 4-hours chart (data feed via Bitfinex).The pair could correct a few points, but dips are likely to remain bid near $0.0340 or $0.0315.TRON price is trading in a strong uptrend well above $0.0340 against the US Dollar, while bitcoin is struggling near...