Ethereum spiked above the $1,300 resistance zone against the US Dollar. ETH is correcting gains, but it remains supported near $1,250 and $1,230. Ethereum gained pace for a move above $1,300 before the bears appeared. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break below a major bullish trend line with …
Continue Reading
Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and might decline towards the $16,650 support zone in the near term. Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels. The price is trading above $16,650 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near …
Continue Reading
On Tuesday, the Central Bank of India declared that a retail digital rupee (e-R) experiment would begin on December 1. Moreover, it will include 4 banks in 4 locations, a month after reviewing the wholesale central bank digital currency (CBDC). RBI announces the launch of the first pilot for retail digital Rupee (e₹-R) on December 1. The e₹-R would be …
Continue Reading
Maybe it’s the language barrier, or the walls authorities have set up to prevent money from leaving the country. But whatever it is, South Korea has built its own unique corner of the cryptoverse that’s unlike anywhere else on the planet. Doo Wan Nam, a MakerDAO delegate who co-founded the research and advisory firm StableNode, laughs as he describes how …
Continue Reading
Justin Sun, crypto mogul and founder of the Tron blockchain, has scored another coup. Sun announced a few hours ago that crypto exchange Huobi Global has teamed up with the Tron DAO and DMC Labs to jointly launch the world’s first national token, the Dominica Coin (DMC). Remarkably, the DMC token is the world’s first national token under the authorization …
Continue Reading
Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support. Ethereum struggled to gain pace for a move above the $1,250 resistance level. The price is now trading below $1,180 and the 100 hourly simple moving average. There was a break below a key bullish …
Continue Reading
Bitcoin (BTC) has been trading in a tight range since Thanksgiving Nov. 24, as traders are uncertain about the next directional move. Usually, in a bear market, analysts tend to become uber-bearish and project targets that tend to scare away investors.The failure of Bitcoin to start a strong recovery has given rise to several bearish targets, which extend up to …
Continue Reading
Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support …
Continue Reading
Ethereum started a decent recovery wave above $1,150 against the US Dollar. ETH is now approaching a major hurdle near $1,230 and $1,250. Ethereum started an upside correction above the $1,120 and $1,150 resistance levels. The price is now trading above $1,150 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near …
Continue Reading
Litecoin (LTC) has emerged as one of the rare winners in the ongoing cryptocurrency market meltdown led by the FTX exchange’s collapse.LTC price outperforms BTC, ETHThe 2011-born altcoin rallied nearly 16% month-to-date (MTD) to reach $62.75 on Nov. 22, outperforming its top rivals, Bitcoin (BTC) and Ether (ETH), which lost approximately 25% and 30%, respectively, in the same period.LTC/USD daily price …
Continue Reading
