Tag: Key

XRP Price Takes Hit, Can Buyers Save The Key $0.50 Support?

XRP price is consolidating above the $0.50 support. The price could gain bearish momentum if there is a close below the $0.50 support. XRP is showing bearish signs below the $0.525 and $0.550 resistance levels. The price is now trading below $0.525 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh increase if it clears the $0.520 and $0.525 resistance levels. XRP…

5 Key Metrics For BTC In 2024

boss

The Bitcoin network and its underlying assets have evolved since its launch in 2009, and keeping up with the changes and updates can be challenging. In a post, financial strategist Lyn Alden broke down five key metrics to help BTC investors assess the network’s current state.    Beyond Price: A Look At The Bitcoin Network Vitality As Lyn Alden suggests, a deeper dive into the Bitcoin network is essential for any investor. This approach offers a more nuanced understanding of Bitcoin’s status, moving past the “superficialities of price fluctuations” to…

Analyst Reveals Key Levels Of Importance

boss

Crypto analyst Egrag Crypto has revealed key price levels to watch out for in one of his latest analyses of XRP. The analyst hinted that these prices could be crucial especially following his prediction that the crypto token will rise to $5 in 90 days.  Targets That Confirm An XRP Bull Run  In a post on his X (formerly Twitter) platform, Egrag highlighted $0.60, $0.75, $0.95, and $1.3 as price levels to keep an eye out for as they will validate a bullish trend. He says, “A weekly close above…

Ethereum Price Dips Alongside Bitcoin, Decoding Key Hurdles To Fresh Increase

boss

Ethereum price struggled to rise above $2,550 and $2,580. ETH started a fresh decline like Bitcoin and traded below the $2,500 support zone. Ethereum attempted a fresh increase but failed to surpass $2,550. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair continue to move down if there is a move below the $2,425 support. Ethereum Price Extends Decline Ethereum price struggled to…

Investors may miss out on this key tax loophole if they actively trade a spot bitcoin ETF

boss

Spot bitcoin ETFs are barely a week old, but tax attorneys and accountants are already warning investors who actively trade the funds the same way they do cryptocurrency itself that they may miss out on a tax saving strategy. Right now, investors who regularly trade cryptocurrency can take advantage of a quirk in the tax code : They can sell losing positions in bitcoin and ether, harvest this realized loss to offset taxable capital gains elsewhere in their portfolio, and then immediately buy back the crypto position on the cheap…

Why Is Bitcoin Price Trading Sideways? 3 Key Factors

boss

The Bitcoin price has been experiencing a phase of stagnation over the past days, leaving investors and analysts searching for the underlying causes. Three key factors can be seen as central to explaining Bitcoin’s current sideways trading trend: #1 ETF Inflows Are Offset By GBTC Selling, But For How Much Longer? The spot Bitcoin ETFs continue to be the dominant theme on the market, and Grayscale in particular, with its GBTC, remains the focus of analysts. While the ETF inflows continue to be record-breaking, the Bitcoin price remains flat. One…

Ethereum Price Rejects $2,600, Can Bulls Save This Key Support?

boss

Ethereum price struggled to extend gains above $2,600 and $2,620. ETH trimmed gains and might struggle to stay above the $2,500 support zone. Ethereum attempted a fresh increase but failed to surpass $2,620. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair start another increase if the bulls protect the $2,500 and $2,470 support levels. Ethereum Price Revisits Support Ethereum price started a…

Bitcoin Price Consolidates Losses, Why 100 SMA Is The Key To Recovery

boss

Bitcoin price is struggling below the $43,500 resistance zone. BTC could start another decline if it stays below the 100 hourly SMA. Bitcoin price started a major decline from the $49,000 resistance zone. The price is trading below $43,250 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance near $43,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it stays below the $43,250 resistance zone. Bitcoin Price Turns Red Bitcoin price…

HKVAC revises key crypto index, Solana to replace Ripple.

The Hong Kong Virtual Asset Consortium (HKVAC) unveiled changes to several of its cryptocurrency indexes. HKVAC’s rebalancing, set for Jan. 19, will affect its central index, the HKVAC top 5, as well as the top 1O Index and the Global Large Cryptocurrency Index. The HKVAC top 5 will exclude several prominent cryptocurrencies. For instance, Solana (SOL), which has recently been highlighted for its significant market strides, is set to replace Ripple’s XRP.  Despite the tumultuous 2022 collapse of the FTX crypto exchange, which sent SOL prices plummeting by over 95%,…

Roadmap And Key Price Targets For This Year

boss

The Solana Foundation has unveiled a roadmap for 2024, focusing on innovation, developer engagement and network scalability. “2024 is the year of Solana,” the foundation proclaimed, focusing on the key milestones achieved and strategic goals for the year in the statement. The “Solana Foundation’s State of Developer Ecosystem Report” highlights a surge in developer activity, with over “2,500 active developers committing to open source repositories” and an impressive increase in developer retention, rising “from 31% to over 50% throughout the previous year.” The report further elucidated the evolution of Solana’s…