Crypto markets moving on Monday; Ethereum is surging, BCH and Maker going strong, Tron and NEO are weak. Crypto markets are rallying this Monday morning as $5 billion gets pumped back in over the past 24 hours. The upward momentum began around nine hours ago and market capitalization has now surpassed $125 billion for the…
ETH price started a major consolidation after a nasty upward move above $120 against the US Dollar. There is a contracting triangle in place with resistance at $124 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once it breaks the $124 and $125 resistance levels in…
The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor. Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum,…
ETH price struggled to stay above the $121 and $119 support levels against the US Dollar. This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken). There is a new connecting bearish trend line in place with resistance at $121 on the…
Since the crypto markets witnessed a large price swing last Friday, they have been gradually drifting downwards, with Bitcoin (BTC) expressing some levels of stability in the low-$3,600 region. This stability may not last long however, as BTC short positions are rapidly dropping while long positions climb, which may signal that bulls are getting overly…
Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price…
Just 48 hours before the planned Constantinople hard fork for Ethereum the brakes were anchored on as a network code vulnerability was discovered. The price of Ethereum took a dive and the upgrade was postponed until the end of this month. As we approach the new date for Constantinople, Ethereum is holding steady while most…
A group of online criminals from Turkey have been detained by local authorities on suspicion of hacking a domestic cryptocurrency company. Those behind the security breach are thought to have used the popular video game PUBG to communicate prior to the attack. The Turkish company has had around $2.47 million taken from it in the hack.…
ETH price is slowly moving higher and it remains well supported near $119 against the US Dollar. There is a major bullish trend line formed with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip a few points, but it is likely to find buyers near $119,…
Last Friday the crypto markets experienced an incredibly positive trading session that led Bitcoin, and many other cryptocurrencies, to surge 10% or more. This market move was led by Litecoin (LTC), which surged over 30% to erase several weeks of losses. Although Litecoin was the best performing crypto last week, it has led today’s market…