Coins

Ripple draws closer to a 30 percent downswing amid deteriorating technicals

March 2nd, 2021

Ripple’s uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing XRP to abandon a potential spike to highs around $0.575. The international money remittance token is exchanging hands at $0.42 at the time of writing. Buyers are focused on…

Twitter to Raise $1.25 Billion in Convertible Notes, Many Beleive They Would Buy Bitcoin

March 1st, 2021

Twitter Inc. the social media giant has announced $1.25 billion in convertible notes days after MicroStrategy bought over one billion worth of Bitcoin raised from a similar security debt offering. TWITTER, INC. ANNOUNCES $1.25 BILLION CONVERTIBLE NOTES OFFERING$TWTR — *Walter Bloomberg (@DeItaone) March 1, 2021 The announcement has got the rumors mill running especially given…

Ethereum Leveraged Longs Still Bullish, Miner Revenue Tanks 1-Month Low

March 1st, 2021

After tanking all the way to $1300 levels on Sunday, February 28, Ethereum (ETH) has registered a good pull-back to $1450 levels. At press time, Ethereum (ETH) is trading at a price of $1446 with a market cap of $166 billion. As per the recent technical indicators, Ethereum has set itself on the journey to…

Ethereum ready to launch to $2,000 as technical align

March 1st, 2021

Ethereum dropped as far as $1,285 during the weekend session. The support anticipated last week at $1,400 failed to hold, leading to the breakdown. Overhead pressure mounted, mainly with investors panic-selling to cash out for profit. Meanwhile, a recovery is underway, with Ether stepping above $1,400. The price is doddering at $1,440 amid the push…

ETH Fails To Hold Support of $1550 As Crypto Market Struggles to Revive

February 28th, 2021

Ethereum, the second-largest cryptocurrency has experienced a -30% decline off ATH of $2040 that was set on February 20th. The sentiment was very bullish and then quickly turned bearish as ETH shattered many major support zones. In bull markets, -30% declines are normal for continued healthy growth. As of now, ETH is still considered to…

Bitcoin Testing $44K Support, Ethereum Below $1400, On-Chain Metrics Improve

February 28th, 2021

The overall cryptocurrency market continues to stay under pressure and has lost $400 billion over the last week slipping below $1.4 trillion. Slipping another 6% today, Bitcoin is down 20% on the weekly charts and testing up crucial support levels at $44K. At press time, BTC is trading at $44,692 with a market cap of…

Robinhood Faces 46 Lawsuits Over GameStop Stock Blockage

February 27th, 2021

Robinhood, a brokerage firm that offers trading services for traditional stocks as well as the crypto asset is currently facing nearly 46 lawsuits for blocking trades of Gamestop (GME) stocks at their price peak.  The firm in a regulatory filing on Friday revealed that it is facing at least “46 putative class actions and three…

Dubai Crypto Funds Backing Helps Cardano Unsettle Binance Coin As The Third Largest Crypto

February 27th, 2021

Smart contracts-based blockchain platform Cardano is currently undergoing massive value unlocking as its native cryptocurrency ADA unsettles Binance Coin (BNB) to become the third-largest cryptocurrency by market cap. at press time, Cardano’s price is up 23% hitting its new all-time high of $1.33 with its market cap shooting past $41 billion. It’s been a wild…

Ethereum Price Forecast: ETH eyes massive recovery to $1,800 if this key technical pattern confirms

February 26th, 2021

Ethereum could not continue with the upswing following the breakdown to $1,400 due to the selling pressure at $1,700. The bulls abandoned the mission to hit $2,000 again, instead, retreating to the sidelines. The correction from $1,700 has been unstoppable to the extent of revisiting areas below $1,500. However, a possible technical pattern suggests that…

Grayscale Buys 10,000 ETH During Ethereum’s Recovery Above $1600, Transaction Fee Spike Above $37

February 25th, 2021

During the crypto market crash earlier on Tuesday, February 23, Ethereum (ETH) price tanked all the way to $1450 levels. ETH has recovered since then and is now back above $1600 levels. At press time, ETH is trading at a price of $1618 with a market cap of $185 billion. It turns out that on…