Despite concerns raised by analysts about the potential for XRP to end on a high note, there are several macro and micro factors that could significantly impact the token’s price. These factors include ongoing legal battles, the possibility of a settlement between Ripple and the US Securities and Exchange Commission (SEC), as well as Ripple’s
Bitcoin
Hong Kong-based cryptocurrency exchange, Hashkey, has announced the listing of the Avalanche (AVAX) token on its platform. This move presents an opportunity for increased adoption of the cryptocurrency. However, trading AVAX on the exchange comes with an interesting requirement that limits access to professional investors or individuals with a significant investment portfolio. This article examines
In a recent report, Bloomberg analyst Jamie Coutts reveals that the interest of asset managers in Bitcoin goes beyond exchange-traded funds (ETFs) and extends into the mining sector. This raises questions about the motivations and implications of such investments. It seems that major asset management firms, including BlackRock, Vanguard, and State Street, have been involved
Maker DAO’s MKR token has experienced a significant boost amidst a slight uptick in the broader cryptocurrency market. Despite the struggle for most tokens to recover, MKR has consolidated its upswing with an impressive 5% 24-hour increase. With MKR currently trading at $1335, it is poised to conquer the critical resistance level at $1,350. This
Litecoin (LTC), one of the prominent cryptocurrencies, has been stuck in a bearish trend as its value struggles to break free from the grip of sellers. Throughout the past week, LTC has traded within a narrow price range with a consistent value hovering around $64. While September has seen a predominantly bearish market for LTC,
Bitcoin price is once again facing a downward trend, breaking below the crucial $26,500 support level. This decline comes after an unsuccessful attempt to surpass the $27,500 resistance level. The failure to breach this level has put BTC at risk of further losses in the near term. BTC is currently trading below the $26,500 mark
Bitcoin traders have experienced a relatively calm week with an air of caution in terms of price action. This cautious sentiment has not only affected trading activity but has also significantly impacted trading volumes on major cryptocurrency exchanges. Both spot Bitcoin trading and Bitcoin derivatives trading volumes have experienced a considerable decline from their levels
In the midst of bearish market conditions, Polkadot (DOT) is strategically positioning itself for future success. Instead of succumbing to speculation, the network has made a conscious effort to prioritize technological advancement. This new approach was evident in the multiple presentations given by Polkadot, which highlighted their ongoing efforts and ambitious goal of achieving 1,000
Chainlink’s LINK price has shown positive signs of recovery after facing a decline. The price is now correcting gains, but it is expected to find support near crucial levels, which could lead to a fresh increase in the near future. Currently, Chainlink’s price is trading above the $6.50 level and the 100 simple moving average
The recent price action of Bitcoin has shown signs of weakness as it failed to break through a critical resistance level. Today’s trading session has been accompanied by selling pressure, indicating a potential re-test of crucial support levels. However, this could also trigger a bounce for the cryptocurrency, according to fresh data. This article examines
