Bitcoin cash price is facing a strong resistance near the $308 level against the US Dollar.The price is currently trading above a couple of key supports near the $288 and $282 levels.There is a major bullish trend line forming with support near $286 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair could decline further if there is a break below $286 and $284.Bitcoin cash price is correcting gains below the $300 level against the US Dollar. BCH/USD might extend its...
Read More »Bakkt is Expected to Make a Huge Splash in November after Underperforming
Many people within the crypto space had expected the new kid on the block when it comes to cryptocurrency securities, exchanges, and other related instruments to drive the cryptocurrency sentiments to new highs, however, the reverse has been the case. As investors haven’t warmed to the Intercontinental exchange’s (ICE) Bakkt Futures platform.But that is expected to change as indications have emerged that Bakkt is set to break records this month. On November 5th, trading on the platform...
Read More »EOS Price Analysis: Dips Remain Well Supported Near $3.40
EOS price is trading nicely above the $3.320 and $3.400 support levels against the US Dollar.The price is currently correcting lower and it might test the $3.400 support area.There is a key bullish trend line forming with support near $3.440 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to find support on the downside and it might resume uptrend above $3.600.EOS price is gaining traction above $3.400 against the US Dollar, and remains well bid vs...
Read More »Litecoin (LTC) Price Analysis: Primed For More Gains Above $65
Litecoin price is trading in a positive zone above the $60.00 support area against the US Dollar.LTC price is currently trading below the key $64.20 and $65.00 resistance levels.There is a key bullish trend line forming with support near $61.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well supported near $60.00 and it could rise above the $65.00 resistance.Litecoin price is moving nicely in a bullish zone against the US Dollar and bitcoin. LTC price...
Read More »Binapex Offers Users Full Security and High Speed of Transactions
Photo: BinapexIn a wide row of crypto exchanges, Binapex can be really noted for its safety and speeds of transactions. It is located in Seychelles and is built to provide its users with a reliable platform with which they can track and trade cryptocurrencies like Ethereum, Bitcoin and lots more.Binapex.com stands out from the row of other platforms as it introduces convenience, simplicity, and tight security to the crypto-space through its fiat currency, token, and cryptocurrency exchange...
Read More »Cardano (ADA) Price Analysis: Primed For More Upsides
ADA price is gaining bullish momentum above the $0.0425 resistance area against the US Dollar.The price is likely to break the $0.0450 and $0.0465 resistance levels in the near term.There is a key bullish trend line forming with support near $0.0425 on the 4-hours chart (data feed via Kraken).The price is following a decent bullish path above the $0.0425 and $0.0420 support levels.Cardano price is showing bullish continuation signs against the US Dollar and bitcoin. ADA price is likely to...
Read More »Binance Plans to Add Support for Fiat Currencies of Kazakhstan and Ukraine
In an expansion of its market offerings, indications have emerged that premier cryptocurrency exchange Binance is set to add support for crypto-fiat exchange for the Kazakh and Ukrainian currencies. This comes after the recent addition of support for Nigeria’s currency the Naira which was done in partnership with Flutterwave which is a Nigerian payment gateway based both in Nigeria and the United States.Moreover, it’s worth mentioning that Binance also added the Russian Ruble to the row of...
Read More »Bitcoin Price Analysis: BTC Consolidating Above Key Support
Bitcoin price corrected lower after tagging the $10,550 resistance area against the US Dollar.The price is currently consolidating above the key $8,900 and $9,000 support levels.There is a connecting bullish trend line forming with support near $9,120 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to rise again as long as there is no close below the $9,100 and $9,000 supports.Bitcoin price is trading with a positive bias above $9,000 against the US...
Read More »Illinois Resident Invests Half of His Lottery Winning in Bitcoin back in May
Earlier this year, a man from the state of Illinois made a killing, winning $500,000 in a state lottery. Recently, he revealed that half of this fortune has been spent on buying Bitcoin (BTC). He confirmed that back in May, he had purchased about $178,000 worth of BTC and wrote on Reddit:“Did this. Then put half into BTC in May.”Further, he asked to remind him in eight months if his investment is smart money, which Reddit can not agree with.On one hand, the investment seems to be a good one....
Read More »Huobi US to Rival Binance.US as Huobi Global Planning to Freeze Accounts of U.S. Residents
Most crypto exchanges have for some time now had challenges operating within the United States. On the other hand, most of the countries in Asia and Europe have taken an initiative of offering straight forward legislation outlining how to conduct any business in the crypto space. But, the U.S. has dropped far much behind in that arena.Currently, there is no definite framework outlining running businesses and tax payments. Interestingly, there is not even any assurance by the government to...
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