Bitcoin has seen some mixed price action over the past few days, but it had primarily favored the cryptocurrency’s buyers. While the resistance in the lower-$24,000 region has proven to be a major hurdle for the crypto, each decline sparked by rejections at this level has proven to be short-lived and followed by serious upside.…
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Synthetix’s native token SNX emerged victorious on the day its rival decentralized finance tokens turned lower. The SNX-to-dollar exchange rate hit a fresh record high of $8.68 on Wednesday as a flurry of uplifting fundamentals prompted traders to increase their bids on the pair. That included the introduction of a new staking platform. Say hello…
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The leading crypto derivatives platform, Huobi Futures has recently announced a new app feature that allows USDT-Margined Swap traders to avail cross-margining support for their trade positions. The feature offers a great deal of flexibility by offsetting positions that are close to being liquidated with profitable ones to ensure a convenient and highly optimized trading…
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XRP has undergone a strong plunge over the past 24 hours after it was revealed that the U.S. Securities and Exchange Commission is targeting Ripple. Per CoinGecko, the coin is down 20% in the past 24 hours alone. The coin currently trades for $0.37 and has once again become the fourth largest crypto asset by…
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In a reversal of fortunes, Ripple’s XRP crashed drastically as investors reacted to a lawsuit from the Securities and Exchange Commission (SEC) alleging the token is illegal security. The US securities regulator charged San Francisco-based Ripple Labs and its two executives for allegedly selling $1.3 billion worth of XRP in an unregistered public sale. “We…
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Ripple started a major decline below the $0.4200 and $0.4000 support levels against the US Dollar. XRP price is gaining momentum, but approaching the key 100-day simple moving average and $0.3200. Ripple started a strong decline from well above $0.5000 against the US dollar after SEC’s threat. The price is now trading well below $0.4000,…
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Ethereum started a decent upward move above $620 and $630 against the US Dollar. ETH price failed to clear $640 and it is currently struggling to stay above $620. Ethereum remained well bid above the $590 zone and recovered above $620. The price is now consolidating near $620, but it is below the 100 hourly…
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Bitcoin price started a fresh upward move from the $22,000 support zone against the US Dollar. BTC is now trading nicely above the 100 hourly SMA, but it is facing hurdles near $24,000. Bitcoin started a fresh increase above the $23,000 and $23,500 resistance levels. The price is currently trading well above $23,200 and the…
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Bitcoin is trading a few thousand above its former peak at $20,000, but the spark of a new altcoin season hasn’t yet arrived in the crypto industry. One reason for the delay of the bullish advance is because the total altcoin market cap has gotten itself stuck in the clouds. But as soon as the…
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Bitcoin suffered a devastating blow on Black Thursday alongside the rest of the financial world. But unlike other assets, the top cryptocurrency has grown enormously since, and become the best performing asset of 2020 bar none. Emergency assistance checks dispatched to American taxpayers meant to stimulate economic activity only served to stimulate Bitcoin’s bullish momentum,…
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