India takes steps to insert a crypto ban in its financial system
TL;DR Breakdown • India has a long crypto ban history as adoption among citizens is increasing.• Indians put gold aside and switch to digital gold and are more open to crypto payments. Regulations against cryptocurrencies have been freshly renewed in India as the national government has taken steps to push a crypto ban in financial […]
Bitcoin Price Analysis: BTC fails to breach $47,000, set for a reversal?
TL;DR Breakdown BTC continued to rally yesterday. $47,000 resistance still holds. Bitcoin is set to reverse today. Bitcoin price analysis indicates bearish price action to follow over the next 24 hours as further upside could not be reached after another test of the $47,000 resistance. Therefore, we expect BTC/USD to reverse later today and move […]
Ethereum Price Analysis: ETH tests $3,200 resistance again, breakthrough to follow?
TL;DR Breakdown ETH consolidated below $3,200 overnight. Ethereum tests $3,200 resistance. Next target located around $3,600. Ethereum price analysis is bullish today as consolidation below the $3,200 resistance was established over the last 24 hours, and no clear retracement was seen overnight. Therefore, we expect ETH/USD to break higher later today and try to reach […]
Poly Network attackers return stolen crypto funds worth $611 million
TL;DR Breakdown: Poly Network attackers have begun returning the funds stolen from the protocol. So far, about $2 million in crypto has been returned to Poly Network. On Tuesday, the crypto industry witnessed what seems to be the largest DeFi theft in history, with over $600 million in digital assets stolen from Poly Network, an […]
Litecoin Price Analysis: LTC breaks above $170, targets $180 next?
TL;DR Breakdown LTC moved higher yesterday. $170 mark broken overnight. LTC/USD targets $180 resistance next. Litecoin price analysis is bullish for today as bulls continued to push the market higher overnight and broke past the $170 resistance. Therefore, we expect LTC/USD to target the $180 mark next and start retracing from there later this week. […]
Polkadot Price Analysis: DOT trades below $21.5 resistance, another retracement today?
TL;DR Breakdown DOT moved sideways yesterday. Spike higher was seen overnight. DOT/USD to yet ready to break higher. Polkadot price analysis is bearish for today as the $21.5 resistance prevents further upside once again. Therefore, we expect DOT/USD to retrace once more and retest the $19 support next. The cryptocurrency market trades in the green […]
Ripple Price Analysis: XRP rallies to $0.90, prepares to slowly retrace today?
TL;DR Breakdown XRP continued moving higher yesterday. Ripple breached $0.84 resistance overnight. $0.90 resistance prevents further upside. Ripple price analysis indicates bearish momentum to follow over the next 24 hours as another rapid move higher was seen overnight. Since the $0.90 mark currently offers resistance, we expect XRP/USD to reverse and test the $0.84 support […]
Cardano’s founder calls on crypto community to rally against tax policy
TL;DR Breakdown • The Cardano CEO is against the legal plan on cryptocurrencies and speaks out on Twitter.• The law plan could be activated during the day or be absent for a few days. The Cardano’s founder, Charles Hoskinson, urges the crypto community to reveal itself. Hoskinson is against the general policies that the United […]
AMC plans to accept BTC payments for movie ticket purchases
TL;DR Breakdown • AMC will accept BTC payments from Apple Pay and Google Pay.• AMC plans to use crypto payments by the end of the year. AMC, a prestigious movie theater, announced that it is considering using BTC payments for movie tickets purchase. Cryptocurrencies have hit the big screen with a North American momentum that […]
Chainlink Price Analysis: LINK fails to hold above $25, set to retrace?
TL;DR Breakdown LINK rallied from $22 support yesterday. Resistance found around $25. Chainlink is set to retrace. Chainlink price analysis indicates bearish momentum to follow over the next 24 hours as further upside was rejected earlier today, and the market is ready to retrace. Therefore, we expect LINK/USD to test the $22 support again later […]
Polkadot Price Analysis: DOT fails to breach $21.5, set for a slow retracement?
TL;DR Breakdown DOT rallied higher yesterday. Resistance found around $21.5 again. DOT/USD set to reverse again today. Polkadot price analysis is bearish for the next 24 hours as further upside could not be reached today after another retest of the $21.5 resistance. Therefore, we expect DOT/USD to reverse and test the $19 support once again […]
Bitcoin Cash price analysis: Can BCH break above $600?
TL;DR Breakdown Bitcoin Cash price is expected to break above $600 The closest support level lies at $580 BCH faces resistance at $600 and further above at the $620 mark The Bitcoin Cash price found strong support at the $400 price level which enabled the buyers to initiate a bull rally to the current $600 […]
CipherTrace: Losses in crypto crimes dropped to $681 million in July
TL;DR Breakdown: Losses in crypto crimes have dropped significantly since January 2021. However, the criminal records in the DeFi are still soaring, with about $474 million lost so far. A new report from CipherTrace confirms a significant drop in total losses incurred in crypto crimes this year, despite a spike in decentralized finance-related crimes. The […]
Litecoin Price Analysis: LTC reaches $170 overnight, pauses before further highs?
TL;DR Breakdown LTC continued to rally yesterday. $170 mark reached overnight. Litecoin prepares for another rally. Litecoin price analysis is bullish for today as a slight retracement was seen earlier today after a rapid move to the $170 resistance yesterday. Therefore, we assume LTC/USD will continue moving higher and target the $180 resistance next. The […]
Ethereum Price Analysis: ETH tests $3,200 resistance again, ready for a breakout?
TL;DR Breakdown ETH rallied below $3.200 yesterday. ETH consolidates below $3,2000 overnight. Ethereum is set to break higher today. Ethereum price analysis is bullish for today as the market approached the $3,200 resistance once again after a rally yesterday. Therefore, we expect ETH/USD to breach through the $3,200 resistance and look to reach the $3,600 […]
Experts predict Bitcoin at $100,000 by year-end
TL;DR Breakdown: Fundstrat’s Thomas Lee predicts Bitcoin will reach $100,000 as COVID-19 panic subsides towards the year-end. Bloomberg analyst says BTC has to replicate ETH’s performance to break into six-figure value. Bloomberg analyst Mike McGlone and Fundstrat’s Thomas Lee have opined on some factors that can propel the market value of the largest cryptocurrency. They […]
Cardano Price Analysis: ADA spikes above $1.50 major resistance, targets $1.60 next?
TL;DR Breakdown ADA established a higher low, around $1.40, early yesterday. Cardano tested $1.50 resistance overnight. ADA/USD broke through $1.50 earlier today. Cardano price analysis is bullish for today as previous major resistance was broken earlier today, and bulls still push the market higher with strong momentum. Therefore, we expect ADA/USD to reach the $1.60 […]
Ripple Price Analysis: XRP fails to breach $0.84, set for a reversal?
TL;DR Breakdown XRP established a higher low around $0.775 yesterday. Ripple could not reach the previous high overnight. Market set for another retracement. Ripple price analysis indicates bearish momentum to follow over the next 24 hours as further upside could not be reached overnight after several attempts. Therefore, we expect XRP/USD to retrace later today […]
Coinbase partners with Apple Pay to offer crypto services
TL;DR Breakdown • Coinbase tries to create a partnership with instant payments like Apple Pay and Google Play.• Coinbase customers can transfer up to $100,000 each day in RTP payments. The largest crypto platform in the United States, Coinbase, announced an update to its interface by accepting new payment methods. This time Coinbase focuses on […]
NSAV to launch its crypto exchange
TL;DR Breakdown • The Net Savings corporation plans to create new crypto exchange.• The NSAV platform will create a management token that Uniswap backs. NSAV announces that it will launch a crypto exchange under its name. This crypto exchange represents the second platform that works with the American stock exchange. Net Savings Link commits to […]
Crypto miners want to modernize by adopting renewable energy sources
TL;DR Breakdown • Several cryptocurrency companies have expanded their operations with renewable energy.• Crypto miners have improved their megawatts of electricity and, therefore, their Bitcoin extraction. Although crypto has had several regulations by the China Government, it also continues to have enthusiasts who support it. As famously known, the El Salvador government has approved Bitcoin […]
Standard Chartered offers crypto broker services to clients in Ireland
TL;DR Breakdown • Standard Chartered to use Zodia Custody to offer the best crypto broker services for financial organizations.• The crypto management company will include Ethereum, Bitcoin, Ripple, and Bitcoin Cash. Standard Chartered, a UK banking entity, has announced that it would provide Ireland’s crypto broker services using the Zodia Custody subsidiary. The crypto broker […]
Uniswap Price Analysis: UNI finds support around $25.5, prepares to break the $30 mark next?
TL;DR Breakdown UNI retraced overnight. Support found around $25.5 mark. Uniswap is ready to test the $30 mark next. Uniswap price analysis is bullish for today as the market started to rally once again after setting a higher low around the $25.5 mark overnight. Therefore, we expect UNI/USD to push towards the $30 resistance next […]
Dogecoin Price Analysis: DOGE retraces to $0.23, set for further highs?
TL;DR Breakdown DOGE retraced from $0.285 high yesterday. Support found around $0.23 previous resistance overnight. Dogecoin prepares to breach $0.29 next. Dogecoin price analysis is bullish for today as a new higher low was set overnight after a swift retracement to the $0.23 mark overnight. Since then, DOGE/USD has started to rally higher, indicating that […]
Ethereum Price Analysis: ETH retests $2,900 major resistance as a support, prepares to rally further?
TL;DR Breakdown ETH retraced yesterday. $2,900 mark retested as support overnight. Ethereum is ready for further upside. Ethereum price analysis is bullish for today as the $2,900 previous major resistance was retested as support with clear rejection for further downside. Therefore, we expect ETH/USD to continue pushing higher later today and try to set further […]
Litecoin Price Analysis: LTC swiftly retraces to $145, pauses before reversal?
TL;DR Breakdown LTC retraced yesterday. LTC/USD found support above $145. Market prepares for another push higher. Litecoin price analysis is bullish for the next 24 hours as support was found overnight around the $145 mark after a retracement yesterday. Therefore, we expect LTC/USD to reverse and make another attempt to set further highs later this […]
VeChain Price Analysis: VET slowly finds support around $0.10, further downside to follow?
TL;DR Breakdown VET retraced from $0.11 yesterday. Support currently found around $0.10. VeChain is set for further decline. VeChain price analysis indicates bearish momentum to follow over the next 24 hours as the market started to retrace from the $0.11 high yesterday. Overnight, some support was found around the $0.10 mark, although the market likely […]
Ripple price analysis: XRP ready to challenge the $0.81 again,recession to follow?
TL;DR Breakdown Ripple price is expected to rise to $0.81 The closest support level is at $0.77 Ripple price is facing resistance at the $0.82 Ripple price has finally gone past the $0.72 mark and strong bullish momentum has carried the price to challenge the $0.81 mark. Ripple price records an over 11 percent price […]
Xiaomi accepts payments in crypto in Portugal
TL;DR Breakdown • Portugal is one of the leading promoters of cryptocurrencies in Europe.• Xiaomi accepts Ethereum, Bitcoins, Tether, Dash, and the native Utrust token as a means of payment in its store in Portugal. Cryptos are increasing in reception, and now the most popular Chinese tech company, Xiaomi, has made steps to allow its adoption. […]
Digital currencies: More than 60% of consumers want to buy goods with crypto
TL;DR Breakdown BitPay surveyed over 8,000 participants about cryptocurrencies, and the results are impressive. According to researchers in the Middle East, digital currencies are frequently used by young people. A survey shows that over 60 percent of people want to use digital currencies as payment. This survey proves the popularity of the crypto market adoption […]
Bitcoin Price Analysis: BTC moves to $45,000, rejects further upside?
TL;DR Breakdown BTC continued to rally yesterday. Resistance found around $45,000. BTC/USD is set for a reversal later today. Bitcoin price analysis indicates bearish momentum to follow over the next 24 hours as further upside beyond the $45,000 resistance could not be reached. Therefore, we expect BTC/USD to reverse over the next 24 hours and […]
Dogecoin Price Analysis: DOGE fails to reach $0.29 next resistance, set for a slow reversal next week?
TL;DR Breakdown DOGE has gained more than 40 percent since Friday. Further upside rejected around $0.28. DOGE/USD is set to retrace early next week. Dogecoin price analysis indicates bearish momentum to follow over the next days as further upside has been rejected overnight after a more than 40 percent rally since Friday. Therefore, we expect […]
Ethereum Price Analysis: ETH finds resistance below $3,200, slowly prepares to retrace?
TL;DR Breakdown ETH continued to rally yesterday. Resistance found below $3,200. ETH/USD set for a retracement. Ethereum price analysis is bearish for the next 24 hours as further upside could not be reached over the last 24 hours after resistance was found below $3,200. Therefore, we expect ETH/USD to retrace later today and try to […]
Litecoin Price Analysis: LTC slowly sets a higher high at $157.5, reversal to follow?
TL;DR Breakdown LTC established a higher local low above $135 earlier this week. LTC/USD continued to rally overnight. Litecoin is set for a retracement later today. Litecoin price analysis is bearish for today as a new higher high was set above the $150 earlier this week and bulls have become exhausted. Therefore, we expect LTC/USD […]
Polkadot Price Analysis: DOT swiftly advances to $21.5, set for a retracement today?
TL;DR Breakdown DOT continued advancing on Friday. $21.5 mark tested yesterday. Polkadot is set for a reversal today. Polkadot price analysis indicates bearish momentum to follow over the next 24 hours as a new higher high was established around $21.5, and bulls have become exhausted again. Therefore, we expect DOT/USD to retrace and retest the […]
Ripple price analysis: XRP hints at going past the $0.84 mark despite bearish pressure
TL;DR Breakdown Ripple price is expected to rise to $0.84 The closest support level is at $0.80 Ripple price is facing resistance at the $0.84 Ripple price has finally gone past the $0.78 mark and strong bullish momentum has carried the price to challenge the $0.84 mark. Ripple price records an over 12 percent price […]
Cardano price analysis: ADA ready to challenge the $1.48 mark
TL;DR Breakdown Cardano price is expected to rise to $1.48 The closest support level is at $1.46 Cardano price is facing resistance at the $1.50 mark Cardano price has broken above the $1.40 mark and strong bullish momentum has carried the price to challenge the $1.48 mark. ADA records an over 13.80 percent price hike […]
New Spider-Man NFT collection to be sold through VeVe app
TL;DR Breakdown • Marvel will divide the NFT Collection into five sections ranging from $40 to $400.• Marvel hopes to continue to create experiments with NFTs. The Marvel superhero movie franchise has created its NFT collection supporting cryptocurrencies. The film company did not miss the opportunity to use the non-fungible tokens for its benefit and […]
Ether and Bitcoin reach fresh new highs since May market dump
TL;DR Breakdown • Ether price rises to $3145 after network upgrade in London.• Bitcoin continues to recover, trading above $44000 today. The most important cryptocurrencies in the crypto market continue to rise. Ether, like Bitcoin, had hit its highest value since May, when tokens lost over 50 percent of their value. Ethereum took off in […]
Chainlink price analysis: LINK rejected at $25 further downward movement expected
TL;DR Breakdown Chainlink price is expected to fall to $24 The closest support level is at $24 Chainlink is facing resistance at the $25 Chainlink has finally gone past the $22 mark and steady bullish momentum has carried the price to challenge the $25 mark. Chainlink price records an over 11 percent price hike across […]
