Tag Archives: Trading

XRP price crashes continue to have place. As the price has fallen to $0.20, it means that the coin has lost 95% of its highest all-time value. Currently, Bitcoin dominance is at an all-time high of nearly 70%. This has created a scenario where the XRP token has lost ground. This hasn’t however dampened the confidence of investors into XRP-related projects. Sources indicate that Ripple announced recently that it had been able to get about $200 million in investments this year. Ripple Labs also...

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...

It’s a good start to the week as Bitcoin and the majority of altcoins have turned green in the crypto market rally. In the last 24-hours, the overall cryptocurrency market added $10 billion.Simultaneously, the BTC price has surged nearly 5% moving above $7600. Bitcoin is currently leading today’s market rally with Ethereum posting under 3% gains. Last week, Bitcoin was struggling to cross $7000 and instead went all down below $6600 levels.However, it quickly managed to cover its lost ground...

Stellar lumen price started an upside correction from the $0.0420 support area against the US Dollar.XLM price is currently trading above $0.0450, but there are many hurdles near $0.0500.There is a significant bearish trend line forming with resistance near $0.0500 on the 4-hours chart (data feed via Kraken).The pair could restart its decline if it fails to stay above the $0.0450 support area.Stellar lumen price is slowly correcting higher against the US Dollar, while bitcoin is rallying. XLM...

Ripple price started an upside correction from the $0.1750 swing low against the US dollar.The price is trading above the $0.1900 level, but facing many hurdles near $0.2000There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A clear break above $0.2000 and $0.2050 is needed for upside acceleration.Ripple price is trading below key hurdles near $0.2000 against the US Dollar. XRP price could either rally...

The United States Securities and Exchange Commission (SEC) has decided to postpone the Wilshire Phoenix’s Bitcoin ETF proposal. According to a document released by the commission, they will continue putting the proposal under review. By February 26th, 2020, the SEC will approve or disapprove the rule changes that will determine the status of the ETF. This decision essentially puts in limbo the status of the ETF. It also indicates the cold feet that the SEC has towards new Bitcoin and other...

Bitcoin cash price is currently correcting higher above $180 against the US Dollar.The price is facing many challenges on the upside near $188, $192 and $196.There are two key bearish trend lines forming with resistance near $188 and $196 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to struggle near the $196 level and it might resume its decline.Bitcoin cash price is showing a few positive signs above $180 against the US Dollar. However, BCH/USD must...

Bitcoin price has jumped back above $7000 gaining over 7% in the last 24 hours. This price jump in Bitcoin is reportedly due to a massive spike in the Bakkt Bitcoin Futures volume. Thus, despite the Bitcoin price volatility, institutional trading for Bitcoin seems on the rise.A Twitter handle dubbed Bakkt Volume Bot has highlighted this rise.∙ Today's volume so far: 6312 BTC ($45.56 million)∙ Last traded price: $7,218∙ Trading day progress: 83%∙ Current daily Bakktarget™: 6994 BTC ($50.48...

EOS price is recovering nicely from the $2.149 monthly low against the US Dollar.The price is up around 10% and it even tested the main $2.500 resistance area.There is a crucial bearish trend line forming with resistance near $2.480 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to move into an uptrend if it settles above the $2.500 resistance area.EOS price is showing a lot of positive signs against the US Dollar, just like bitcoin. Still, the price...

Litecoin price is recovering nicely from the monthly low of $35.85 against the US Dollar.LTC price is up around 10% and it even climbed above the $40.00 resistance area.There is a crucial bearish trend line forming with resistance near $42.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could consolidate in the short term before it revisits the $42.00 resistance area.Litecoin price is showing a few positive signs against the US Dollar, similar to bitcoin. LTC...