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OTC Trade License

UAE issued the first OTC Trade License for cryptocurrencies

TL;DR Breakdown • The OTC Trade License authorized Tres Group for this new OTC Commercial License.• It is a big step taken by the UAE to authorize transactions with cryptocurrency assets. The crypto industry has gained popularity worldwide; this has attracted many investors who had previously turned their backs on digital currencies. UAE has recently …

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Cardano Price analysis

Cardano Price Analysis: ADA slowly sets another higher low, second retest of $1.40 high later today?

TL;DR Breakdown ADA retraced yesterday. Consolidation seen overnight. Market prepares to retest previous high. Cardano price analysis indicates bullish momentum to follow over the next 24 hours as a slightly higher low was established overnight. Therefore, we expect ADA/USD to reach the $1.40 current swing high again and likely reverse in a much more substantial …

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Bitcoin Price analysis

Bitcoin Price Analysis: BTC tests $41,000 previous swing high, bears to prevent further upside?

TL;DR Breakdown BTC retraced to the $36,500 support. Next resistance at $41,000 tested. Market likely to pivot lower again. Bitcoin price analysis indicates bearish momentum to follow over the next 24 hours as the previous major swing high of around $41,000 gets tested for the second time over the past days. Therefore, unless a clean …

Bitcoin Price Analysis: BTC tests $41,000 previous swing high, bears to prevent further upside? Read More »

Ripple Price analysis

Ripple Price Analysis: XRP spikes above $0.73, sharp reversal to follow?

TL;DR Breakdown XRP set a higher local low yesterday. Bullish momentum took over overnight. XRP saw a spike to $0.73 this morning. Ripple price analysis indicates bearish momentum to follow later today as a rapid spike to the $0.73 previous resistance was seen over the past hours. Since further upside currently gets rejected, we can …

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Bitcoin trust

Over 54% of Bitcoin in circulation hasn’t moved for +12 months

TL;DR Breakdown: Over 50% of Bitcoin in circulation has not moved for at least 12 months.  This shows investors are gradually turning strong hands.  Many people in the cryptocurrency space are gradually turning into long-term investors. Especially for Bitcoin (BTC), more than 50 percent of the coins in circulation haven’t been moved since the last …

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Ethereum Price analysis

Ethereum Price Analysis: ETH moves higher overnight, aims to retest $2,400 resistance?

TL;DR Breakdown ETH continued to rally overnight. Closest resistance at $2,400. Next major support at $2,000. Ethereum price analysis is bullish for today as further upside was seen over the last 24 hours and bulls likely aim to retest the $2,400 mark again. Therefore, ETH/USD should continue slowly trading higher and prepare for a much …

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Santiment: Bitcoin whales accumulated 40,000 BTC in 10 days

TL;DR Breakdown: Bitcoin whales bought about 40,000 BTC within the past ten days and 130,000 BTC in five weeks. BTC reserves on all exchanges are starting to drop once again. Within ten days, Bitcoin whales have accumulated up to 40,000 BTC, according to recent information from Santiment, a crypto data, and insight platform.  Since the …

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Cardano price analysis Bullish signs evident as ADA crosses

Cardano price analysis: Bullish signs evident as ADA crosses $1.340

TL;DR Breakdown Cardano price analysis shows an increase of 37 percent in the past six days. The run-up to $1.373 touched a major swing high, which had created liquidity for it by trading above the level. ADA is likely to correct 11 percent at the $1.195 support level before another rally. Cardano rose significantly post …

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magnifying

Tether FUD recycled as DOJ is allegedly probing the executives over possible bank fraud

TL;DR Breakdown The US Department of Justice is allegedly probing Tether executives for dubious bank-related transactions.  Some people have dismissed the development as a recycled “Tether FUD,” while some are curious to know how this case will unfold in the future.   A new report from Bloomberg alleged that the United States Department of Justice (DOJ) …

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Time to buy? The Bitcoin market is still in extreme fear

TL;DR Breakdown Data from the Fear and Greed index indicates the Bitcoin market is in a state of “fear,” which suggests buying opportunity. Hours ago, the Bitcoin crossed $39,000, causing the liquidation of $1.1 billion short positions.  Despite the recent increase in the market value of the largest cryptocurrency, Bitcoin (BTC), the Fear and Greed …

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Bitcoin Price analysis

Bitcoin Price Analysis: BTC spikes 15 percent to $40,000, swift reversal today?

TL;DR Breakdown BTC broke past $35,000 resistance overnight. BTC/USD rallied more than 10 percent overnight. Retracement is to be expected next. Bitcoin price analysis indicates bearish momentum to follow over the next 24 hours since a more than 15 percent spike higher was seen overnight. Therefore, we expect BTC/USD to retrace over the next 24 …

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