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XRP Price Analysis: XRP Price May Enter Intraday Oversold Levels, Time to Buy?

October 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Ripple’s XRP price has recently seen a decline in volatility, after an earlier price hike three weeks ago. Its on-chain metric, the market-value-to-realized-value ratio [MVRV] could not sustain a positive outlook, hence showing that the token may be undervalued. As a payment service company, Ripple Labs now face competitive challenges from the likes of COTI, […]

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New York State local businesses rally against Crypto Mining Centers

October 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The New York State’s local businesses, labor groups, and several organizations have come together against allotting the city’s old fossil-fuel power plants to build crypto mining centers. The State’s Governor, Kathy Hochul received a letter from these businesses appealing to deny permits to transform the Greenidge Generating Station and the Fortistar North Tonawanda power plants […]

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Brazil Central Bank Report: citizens purchased $4.2 billion in crypto in 2021

October 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Brazilians’ zeal for cryptocurrencies was recently confirmed by their 2021 crypto purchases. The exclusive Central Bank report revealed that the nation’s residents have bought $4.2 billion worth of crypto since January 2021. The latest purchase was registered in the month of August, amounting to $496 million. However, the highest purchase of crypto actives was marked […]

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After $3K Weekend Correction: Bitcoin Targets ATH Amid Anticipated Futures ETF (Market Watch)

After $3K Weekend Correction: Bitcoin Targets ATH Amid Anticipated Futures ETF (Market Watch)

October 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

After the massive price drops below $59,000, bitcoin went on a roll again and added nearly $4,000 of value in hours. Most altcoins have stood behind once more, leading to another increase of BTC’s dominance. BTC Eyes New ATH? The weekend started on a high note following the reports that the first-ever Bitcoin futures ETF […]

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Grayscale to reportedly convert the World’s Biggest Bitcoin Fund into spot ETF

October 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The world’s largest crypto asset management firm, Grayscale is reportedly going to file an application to the SEC to convert the world’s biggest Bitcoin fund into spot ETF this week according to an anonymous source from the firm. CNBC’s report revealed that the ETF application will also have a 75-day review period. According to the […]

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Bitcoin ($BTC) Makes Historical Weekly Close as Crypto Market Cap Breaches $2.5 Trillion

October 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin ($BTC) bounced back from the weekend price corrections below $60K to make the highest weekly close in its history. $BTC price made the weekly close above $62K, marking the highest close in the decade-long existence, which is a highly bullish sign. The top cryptocurrency is currently trading at $62,331 with a 3% gain over […]

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Trailing Current Uptrends, Here Are the Top Two Coins to Watch for the Week

October 17, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The boosted rally that was recorded in the digital currency ecosystem in the previous week may become a source of a huge upshoot in the coming week. This speculation is being held dear by many crypto proponents on various social media platforms, as the rally that pushed the top coins may begin to materialize in […]

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ETH Price Analysis: Ethereum Price Could See a Short-term Correction Before the Upswing Resumes

October 17, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The Ethereum fear and greed index signals high greed readings at level-73 even as GasNow, the popular Ethereum gas price quotation system suspends operation. The event was followed by the China-based mining pool [Sparkpool] earlier announcing the closure in response to regulatory requirements. Etherscan at press time shows that the Ethereum 2.0 deposit contract maintains […]

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Ethereum Price Analysis: ETH Consolidates, Is Correction Inbound Before Breaking $4000?

Ethereum Price Analysis: ETH Consolidates, Is Correction Inbound Before Breaking $4000?

October 17, 2021 , , , , Eddy 0

Key Support level: $3,600 Key Resistance level: $3,900 Over the weekend, the second-largest cryptocurrency has consolidated just under the current resistance range of $3,900. However, similarly to Bitcoin, before ETH attempts to break its current all-time high at $4,380, it could retest the key support level as shown in the following ETH/USD chart. In case […]

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BTC Price Analysis: Bearish Divergence Signal On the Weekly May Cool off Intraday Longs

October 17, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The long-awaited Bitcoin BTC ETF-Exchange Traded Fund is now approved by the US SEC, and it’s viewed as a positive development for the entire cryptocurrency market. Analysts suggest that the crypto market could see capital flowing in, with speculations around investors moving out of Gold ETFs into Bitcoin. Let’s analyze the BTCUSDT charts for insights […]

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