Tag: Support

Digital Asset Exchange Crypto.com Rolls Out Support for Under-the-Radar DeFi Altcoin

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Singapore-based digital asset exchange Crypto.com is adding support for another low-cap decentralized finance (DeFi) altcoin. The exchange’s customers can now trade the native token of Ribbon Finance (RBN), a suite of DeFi protocols that aims to help users access crypto-structured products. RBN is trading at $0.34 at time of writing. The 179th-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours and more than 9% in the past seven days. It’s also more than 93% down from its all-time high of $5.54, which it…

Dogecoin Slides To Support Of $0.11; These Indicators Point To Bearish Weakness 

After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently.    DOGE suffers more sell-off as price loses steam to rally higher, falling to its key support for bulls to push price up. DOGE’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Dogecoin (DOGE) price recently showed some great price action as the price rallied to a high of $0.15, gaining over 150% within 7 days. Still, the price has failed to…

12 independent entities pledge legal support for Ripple

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Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple chief executive Brad Garlinghouse proudly tweeted that the number of companies, developers, exchanges, associations, and investors officially supporting the firm has reached 12. The pile of amicus briefs being filed is mounting up according to Ripple Labs general counsel Stuart Alderoty. An amicus brief is a legal document filed in appeals cases to aid the court by providing extra relevant…

Bitcoin’s $20K support looks weak, but pro traders are neutrally positioned

Bitcoin (BTC) has been lingering above $20,000 for the past nine days, but worsening conditions from traditional markets are causing traders to doubt if the support will hold. On Nov. 3, the Bank of England raised interest rates by 75 basis points to 3%, its largest single hike since 1989. The risks of a prolonged recession also increased as the Monetary Policy Committee struggled to contain inflationary pressure. The U.K. monetary authority noted that its most recent growth and inflation projections present a “very challenging” outlook for the economy. The…

Ripple (XRP) Sits On Key Support; Here Is What Could Happen If $0.45 Fails

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XRP’s price slowed down after showing so much strength as it rallied to a high of $0.55.   XRP could suffer retracement as the price site on a crucial support area, holding the price off from sellers with hopes of a rebound.  XRP’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The price of Ripple (XRP) showed some incredible price action as the price rallied from a low of $0.3 to a high of $0.55 after the announcement broke out about…

Crypto Exchange Coinbase Announces Support for Two Low-Cap Solana (SOL) Based Altcoin Projects

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Top US digital asset exchange Coinbase has announced it will be adding two Solana (SOL)-based crypto projects to their list of tradable altcoins. Announcing via Twitter, Coinbase says it will be adding support for Marinade (MNDE) and Marinade Staked SOL (mSOL) on the Solana network, with trading beginning on November 3rd once liquidity conditions are met. Both altcoins will be listed under Coinbase’s Experimental Label, which the exchange created for riskier, lower liquidity crypto assets. Marinade is a decentralized autonomous organization (DAO) that aims to make Solana more censorship-resistant and…

Ethereum Price Eyes Fresh Rally Unless ETH Dips Below This Support

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Ethereum is showing positive signs above the $1,550 zone against the US Dollar. ETH could start a fresh rally unless it breaks the $1,550 support zone. Ethereum is consolidating and is showing positive signs above the $1,550 support zone. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if it clears the $1,600 and $1,620 levels. Ethereum…

Crypto Exchange Coinbase Files Amicus Brief to Support Ripple in SEC Lawsuit Over XRP – Featured Bitcoin News

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Cryptocurrency exchange Coinbase has filed an amicus brief in support of Ripple Labs in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Coinbase’s support is seen as a significant step in the case given that the crypto exchange was among the first trading platforms to delist xrp following the SEC lawsuit. Coinbase Supports Ripple Against SEC The Nasdaq-listed cryptocurrency exchange Coinbase filed an amicus brief on Tuesday in support of Ripple Labs against the U.S. Securities and Exchange Commission (SEC). The regulator sued Ripple, its CEO Brad Garlinghouse,…

2 metrics signal the $1T crypto market cap support likely won’t hold

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Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s (BTC) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance, 55,000 BTC was withdrawn from Binance on Oct.…