The price of XRP, the coin associated with the American fintech firm Ripple, rose modestly today after news of what one lawyer called “a very big win for Ripple” in an ongoing court battle against the US Securities and Exchange Commission (SEC). At 09:40 UTC, XRP stood at USD 0.955, up 1.5% for the…
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The strength in the U.S. dollar may keep Bitcoin and select altcoins under pressure in the short term. Bitcoin (BTC) and most major altcoins are attempting to defend the immediate support levels, indicating that bears sense an opportunity and are looking to take control of the price action. The short-term price action does not seem…
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BTC and select altcoins dropped far below their strong support levels, a clear sign that the recent bullish momentum has weakened. Bitcoin (BTC), the entire crypto sector and the S&P 500 index are correcting on April 6, which highlights the tight correlation between the two sectors. Despite the weakness, institutional investors do not seem to be…
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BTC and altcoins are dropping to retest lower support levels and bulls have yet to buy into the current dip. Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend. Data from on-chain…
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This is huge! Kraken now supports Lightning Network deposits and withdrawals. The suddenly popular second Layer protocol keeps growing and gaining importance. “Finally, traders have an instant and inexpensive way to move bitcoin on and off the platform,” Kraken said in their official announcement. The Lightning Network is much more than that, though. What will…
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Bulls set their targets on new highs now that the brief consolidation phase in BTC and altcoins appears to have ended. Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for the cryptocurrency. According…
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BTC and altcoins could enter a short consolidation phase before retesting their breakout levels, a sign that the current price action could be a buying opportunity. Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC…
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One of Ripple’s top executives has stoked the ire of the Bitcoin (BTC) community again, with a fresh assault on the way the network operates and its supposed environmental impact. After last year launching what miners tagged “the stupidest idea” of 2021, suggesting that the Bitcoin protocol should abandon the “climate disaster” of proof-of-work…
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BTC and most major altcoins could witness a minor dip to retest lower support levels, but the overall trajectory appears to now favor bulls. This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24. One of…
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Bitcoin and most major altcoins remain close to their overhead resistance levels, indicating the possibility of more upside. Bitcoin (BTC) and select altcoins broke above their immediate resistance levels but are struggling to sustain the higher levels, indicating that bears are not ready to give up. It is speculated that the spike in Bitcoin’s price…
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