Category: Cryptocurrency News

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Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: […]

Ethereum price started a downside correction below the $3,880 support. ETH is now testing the $3,760 support and might aim for a fresh increase. Ethereum started another downside correction below the $3,880 zone. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could restart its increase unless there is a move below the $3,760 support. Ethereum Price Dips To Support Ethereum price failed to test the $4,000 resistance zone and started a downside correction, like Bitcoin. ETH dipped below the $3,920 and $3,880 support levels. There was also a spike below the 50% Fib retracement level of the upward move from the $3,631 swing low to the $3,972 high. Finally, the price dipped below the $3,800 level. However, the bulls were active near the $3,760 support zone. The price stayed above the 61.8% Fib retracement level of the upward move from the $3,631 swing low to the $3,972 high. Ethereum price is now trading above $3,750 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,880 level. There is also a connecting bearish trend line forming with resistance at $3,880 on the hourly chart of ETH/USD. The first major resistance is near the $3,920 level. An upside break above the $3,920 resistance might send the price higher. The next key resistance sits at $3,950, above which the price might gain traction and rise toward the $4,000 level. If there is a clear move above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,150 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,880 resistance, it could continue to move down. Initial support on the downside is near the $3,800 level. The next major support is near the $3,760 zone. A clear move below the $3,760 support might push the price toward $3,720. Any more losses might send the price toward the $3,630 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,760 Major Resistance Level – $3,880

AI crypto tokens are “quiet now,” bleeding red across the board, but a crypto trader says that won’t last.

Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. […]

The XRP price has been in a 7-year accumulation zone now and its failure to break out of this zone has been a constant worry for investors. However, it seems that the days of worry will soon be forgotten as one crypto analyst believes that the XRP price is about to break out of this accumulation zone. XRP Price To Break Out And Complete 1,200% Rally In an analysis posted on TradingView, crypto analyst Babenski has renewed XRP investors’ hope in the coin, predicting that it is about to break out of its drawn-out accumulation trend. According to the analyst, the altcoin is currently trying to break out of this accumulation, and could be successful this time around. Related Reading: Kickstarting The Bitcoin Bull Run: Expert Says $70,000 Is The Level To Beat The 7-year accumulation had began back in 2017 when the XRP Price had gone through a notable bull run. Naturally, this accumulation was expected to break in the next bull market which was in 2021. However, due to the United States Securities and Exchange Commission (SEC) suing Ripple in 2020, it put a damper on the price, causing the XRP price to crash while others rallied. Since then, the altcoin has maintained its position inside the accumulation range, failing to break above $1 even after securing a partial victory over the regulator in 2023. This accumulation has now carried into 2024, but with a bull run expected this year, it could be time for XRP to shine. Babenski’s chart shows what could happen if the XRP Price were to break out of this accumulation. The crypto analyst sees a significant rally in the price, rising more than 1,200% to touch the $6. If this happens, the XRP Price would be securing a brand new all-time high. Other Analysts See The Same Trend Babenski is not the only crypto analyst who has predicted that the XRP price could be breaking out of its 7-year accumulation in 2024. Crypto analyst U-Copy has also pointed this out, taking to X (formerly Twitter), to share the analysis. Related Reading: Dogecoin Poised For 700% Explosion To $1.17 Amid Recovery In Major Metrics According to him, the XRP price is already close to the end of its triangle formation, which began in 2027. He revealed that the final gap was actually filled back at the $0.46 level, and with the price trading above $0.5 at the time of writing, a breakout could be imminent. Unlike Babenski, crypto analyst U-Copy did not give a price target for where they expect the XRP price to end up. However, the analyst does believe that something is bound to happen by December 2024. “Don’t know target price but Shit could blow up big in this Bull Cycle up to December,” U-Copy stated. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin price struggled to stay above $70,000 and corrected gains. BTC is now trading below $69,000 and showing a few bearish signs. Bitcoin extended its downside correction below the $69,000 zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $67,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $67,500 support. Bitcoin Price Revisits Support Bitcoin price started a downside correction after it failed to stay above the $70,000 support. BTC declined below the $69,200 and $68,500 support levels. The price even dipped below the $67,500 support. A low has formed at $67,243 and the price is now consolidating losses. It moved above the $68,000 level and the 23.6% Fib retracement level of the downward move from the $70,600 swing high to the     $67,243 low. Bitcoin is now trading below $69,000 and the 100 hourly Simple moving average. However, there is a key bullish trend line forming with support at $67,600 on the hourly chart of the BTC/USD pair. If there is a fresh increase, the price might face resistance near the $68,800 level. The first major resistance could be $69,000 or the 50% Fib retracement level of the downward move from the $70,600 swing high to the               $67,243 low. The next key resistance could be $69,550. A clear move above the $69,550 resistance might send the price higher. In the stated case, the price could rise and test the $70,600 resistance. Any more gains might send BTC toward the $72,000 resistance. More Losses In BTC? If Bitcoin fails to climb above the $69,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $67,650 level and the trend line. The first major support is $67,500. The next support is now forming near $66,250. Any more losses might send the price toward the $65,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $67,500, followed by $66,250. Major Resistance Levels – $69,000, and $70,600.

Today’s gamers are going to spend — on average — more than $6,400 on purchases they can’t use outside of the platforms on which they were purchased.

Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held for long-term purposes, the company explained that it will record them at cost. Meanwhile, short-term holdings will […]