Ripple is struggling to settle above $0.5000 and slowly declining against the US Dollar. XRP price must stay above $0.4800 and $0.4750 to avoid a major downside break. Ripple formed a swing high near $0.5940 and declined below $0.5200 against the US dollar. The price is now trading below the $0.5000 zone and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.5370 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is slowly moving towards a…
Day: December 15, 2020
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3 reasons why Bitcoin just dropped after failing to break $19.5K again
The Bitcoin price (BTC) surged above $19,500 briefly on Dec. 15, reaching as high as$19,570 on Binance. However, BTC then dropped to $19,050 within three hours, recording a sudden 2.5% pullback. Bitcoin spiked to around $19,600 because of the momentum of its relief rally and negative futures market funding rates. But, it rejected the same level it broke down from since November due to the selling pressure from whales. Bitcoin 1-hour price chart (Coinbase). Source: TradingView.com A relief rally for Bitcoin was expected As Cointelegraph reported on Dec. 12, technical…
Crypto Is Booming in Economically Challenged Argentina
At the start of 2020, Ripio, one of Argentinaโs largest crypto exchanges, had around 400,000 users. Itโs finishing the year with 1 million.ย Ripioโs chief brand officer, Juan Mendez, told CryptoX that around 70% of Ripio users are from Argentina, with the remainder mostly concentrated in Brazil. According to Mendez, the platform also saw a tenfold increase in trading volume this year compared to last.ย โIโve been with the exchange pretty much from the beginning and Iโve never seen this kind of growth. This is bigger than the 2017 spike…
EXCITING BRIGHT FUTURE for Ripple XRP Price Chart as the MONTHLY CANDLE BREAKOUT Reinforces Optimism
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Digital artist Beeple auctions NFT art collection for $3.5M
Non-fungible token marketplace Nifty Gateway hosted an auction that saw a single NFT artwork sell for $777,777 after a last-second bid doubled the price. On Dec. 14, Nifty tweeted that the โsavageโ bid of $777,777 had been entered with only a single second left to go in the auction. The artwork was the last to be sold from โThe Complete MF Collectionโ that was auctioned that day, with the token featuring each of the collectionโs 20 individual digital artworks in a single NFT. The artworks were inspired by technology, nature,…
Ethereum Rising Steadily, Why ETH Could Surge Past $600
Ethereum remained in a positive zone above $580 against the US Dollar, similar to bitcoin. ETH price is likely to accelerate higher once it clears the $595 and $600 resistance levels. Ethereum found support near the $575 level and started a fresh increase. The price is now trading above the $590 zone and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $586 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but it…
WEF Launches Blockchain Proof of Concept to Track Supply Chain Greenhouse Gas Emissions
The World Economic Forumโs Mining and Metals Blockchain Initiative has launched a unique proof of concept to track emissions across the value chain using distributed ledger technology. The proof of concept will be pivotal in the technical feasibility of the project. Accelerating supply chain visibility By collaborating with seven global companies in the blockchain-enabled proof of concept initiative, the World Economic Forum (WEF) intends to boost industrial solutions for ESG requirements and supply chain visibility. According to the announcement: โThe successful completion of the proof of concept, named the…
CRYPTO ALERT ๐จMEGA BITCOIN VOLATILITY!! UNISWAP CLOSING DOWN $1.1 BILLION ETHEREUM DUMP!!!
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ๐จCRYPTO ALERT!!!๐จUNISWAP IS CLOSING DOWN?!?WHAT?!?! HOW?!?! WHY?!?! Well in todays video i explain exactly how uniswap is closing down part of their exchange and $1.1 BILLION DOLLARS of ETHEREUM will be DUMPED!! Bitcoin volatility is expected to continue into the weekedn as bitcoins price keeps going mental!! In todays video we do bitcoin price analysis, ethereum price analysis, bitcoin news, ethereum news and altcoin analysis and altcoin news!! We look at the crypto news and traditional news to assess how that could…
Uniswap tops $50B in lifetime volume, but where’s it coming from?
Leading decentralized exchange Uniswap has surpassed $50 billion in all-time trade volume, a major milestone for the DEX sector. On Dec. 15, Uniswap creator Hayden Adams tweeted data indicating the platform has processed a life-time volume of $51.7 billion across 26,000 unique trading pairs โ equating to nearly $2 million per pairing on average. Looks like @UniswapProtocol passed $50b in all time volume last week. This is split across 26,000 unique trading pairs Just need to do this 19 more times to hit 1 trillion pic.twitter.com/P4eQTnX4Aq โ Hayden Adams (@haydenzadams)…