Tag: Support

Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis

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The total crypto market cap declined sharply and tested an important support near $210.0B. Bitcoin price is showing signs of a decent recovery above the $7,200 support level. Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90. Bitcoin cash price is down more than $90 from the recent high and broke the $380 support. EOS price is once again below the key $6.20 and $6.00 support levels. Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310. The crypto…

Ethereum (ETH) Price In Corrective Decrease: $230 Support Holds Key

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ETH price climbed further higher and tested $280 before correcting lower against the US Dollar. The price started a downside correction and traded below the $270 and $260 supports. There is a major bullish trend line forming with support near $252 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $230 support area to avoid an extended downside correction. Ethereum price climbed towards the $280 level before correcting lower versus the US Dollar and bitcoin. ETH is likely to find support near the…

Crypto Exchange Seed CX Adds Support for Three Stablecoins

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Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press release on May 14. The new stablecoin additions can be traded for U.S. dollars starting May 17, and the exchange is aiming to roll out trading pairs between the stablecoins and other fiat currencies such as the euro in the near future. Seed CX CEO Edward Woodford commented on the impetus to add stablecoin options: “Stablecoins are important in the ecosystem as they increase the velocity of movement of…

Opera Web Browser Crypto Wallet Launches Support for Tron, TRC-Standard Tokens

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Web browser Opera has added support for tron (TRX) and TRC-standard tokens to its built-in crypto wallet, according to a press release shared with Cointelegraph on May 15. Last year, Opera first developed crypto wallet and Web 3.0 capabilities for its Android browser, launching the product in December 2018 with support for ether (ETH) and interactions with decentralized applications (DApps). “Web 3” is a term that was initially coined to refer to efforts to develop a semantic internet, and is increasingly used to refer to the evolution of a more…

Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

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United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin…

Tron (TRX) Performance Dismal, May Drop below Q1 2019 Support

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Tron (TRX) under pressure above crucial Q1 2019 support Cred and Tron collaborates After acquiring BitTorrent and successfully tokenizing the world’s largest peer-to-peer file sharing platform, Tron now has a partnership with Cred that will see TRX holders lend out their funds and earn up to 10 percent in interest. Tron Price Analysis Fundamental The thing is, there is nothing to take away from Tron or their aggressive co-founder, Justin sun. Although critics may say his marketing style deems the asset security, the fact is, Tron is a competing and…

Hours After $40M Bitcoin Hack, Binance Confirms Crypto Margin Support

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The past 24 hours have been extremely tumultuous for Binance, the largest Bitcoin (BTC) spot market per data from crypto startup Bitwise Asset Management. As NewsBTC reported on Tuesday in the wake of “unscheduled server maintenance,” the Malta-based cryptocurrency exchange was revealed to have lost 7,074 BTC, valued at $40 million, from its hot wallet — a sum that represents 2% of its Bitcoin holdings. In a jaw-dropping blog post penned by chief executive Changpeng “CZ” Zhao, it was divulged that “hackers”, which remain unnamed, were able to obtain a…

Crypto Market Testing Key Support: Bitcoin Cash, BNB, EOS, Tron Analysis

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The total crypto market cap corrected lower sharply and tested the $178.0B support area. Bitcoin price retreated after testing the $6,000 resistance and tested $5,850. EOS price is down 3% and it is currently trading near the $4.85 support level. Binance Coin (BNB) declined sharply after 7,000 BTC was stolen from Binance exchange. Bitcoin cash price struggled to stay above the $290 level and it recently broke the $285 support. Tron (TRX) price is trading with a positive bias and it is currently up 1.5%. The crypto market cap tested…

Ethereum (ETH) Price Back To Support After Binance Hack News

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ETH price started a fresh decline after tagging the key $180 resistance level against the US Dollar. The price broke the $175 and $169 support levels to test the next support near $164. There is a short term connecting bearish trend line in place with resistance at $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could consolidate for a few hours before it could test the $172 and $174 resistance levels. Ethereum price trimmed most its recent gains versus the US Dollar and bitcoin. ETH…

Bitcoin (BTC) Price Flirting With Key Support: Fresh Rise Likely

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Bitcoin price corrected lower recently after trading above the $5,800 level against the US Dollar. The price declined below the $5,700 level and tested an important support near $5,580. There is a key bullish trend line forming with support near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to bounce back above $5,700 as long as it is above $5,600 and $5,540. Bitcoin price remains well supported on the downside above $5,500 against the US Dollar. BTC could start a fresh…