Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls

Ethereum started a sharp decline below the $265 and $260 support levels against the US Dollar. ETH even tumbled below $250 and it is currently correcting losses. Ethereum is down more than 8% and it even spiked below the $250 support against the US Dollar. The price traded as low as $236 and it is currently recovering losses. There is a major bearish trend line forming with resistance near $264 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also under pressure and it is trading…

Despite Bitcoin’s Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally

Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA. Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar. There was a sharp dip below the $10,200 level before the bulls protected the 100 hourly SMA. There is a key contracting triangle forming with resistance near $10,290 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally again above $10,300 or…

Ripple (XRP) Approaching Next Crucial Break: Here’s Why $0.35 Holds Key

Ripple surged higher and climbed above the $0.3200 resistance area against the US Dollar. However, XRP price is now facing a strong resistance near the $0.3400-$0.3500 area. Ripple price surged to a new 2020 high at $0.3399 before correcting lower against the US dollar. The price is now consolidating gains above the $0.3150 support area. There is a major contracting triangle forming with resistance near $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either surge above $0.3400 or it might start a…

Circle Founder: Digital Currencies at Key Growth Moment as Governments Take Notice

Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there’s much work to do before the technology is ready for mass usage. Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook getting involved, he finally sees the potential for a tipping point that brings about mass adoption.  On the sidelines of the World Economic Forum in Davos, he spoke to Michael Casey about the convergence of forces leading to what…

Custody Provider Vo1t Partners With IBM to Offer Customers Secure Key Storage

Cold storage custody provider Vo1t is offering clients secure data centers from IBM to hold and encrypt their private keys. The new option, which comes from IBM Hyper Protect, ensures that clients’ keys are safe even if Vo1t’s data centers are compromised. The data center can be installed on-premise or accessed remotely from a client’s computer, and the enclave keeps the data encrypted, regardless of whether it’s in transit or in memory. “Having this means our clients get to sign with their key in a separate transaction with IBM,” said…

Ethereum Flirts With Key Resistance: Here’s Why It Could Correct Before Fresh Rise

Ethereum price extended its rise above the $220 resistance area against the US Dollar. ETH is currently facing hurdles near $230 and it could correct in the short term. Ethereum is facing a key resistance near the $230 area against the US Dollar. The price might correct a few points towards $223 or $220 before climbing again. There is a major bullish trend line forming with support near $225 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is now trading well above the key $10,000 resistance…

The Sky’s the Limit for Ripple’s XRP as Price Busts Past 2 Key Resistances

While XRP is up over 50% in the past 50 days, rallying from $0.17 to a local top of $0.29 in just over a months’ time, the cryptocurrency is still dramatically down from its all-time high above $3.00, set in early-2018. In fact, at the current price of $0.278, XRP remains over 90% lower than its all-time high, which means that the asset has dramatically underperformed Bitcoin, down a mere 50% from its $20,000 high. Related Reading: Traders Expect Bitcoin Price to Explode Big in Next Week: Will It Happen?…

All Eyes On $10,000: Can Bitcoin Break Past This Key Level?

Just 30 or so minutes ago, Bitcoin made an attempt at $10,000, breaking past $9,900 for the first time in about forever to jump as high as $9,950. The price spike, unfortunately for bulls, fell short of the ever-so-important five digits. Though, the price of BTC is not done yet, with the price falling only to $9,890 as of the time of this article’s writing, suggesting that crypto bulls may soon again attempt to catapult Bitcoin over $10,000. The question is: will it happen? A number of analysts have recently…

Bitcoin Starts Convincing Rally To $10K After Short Term Correction: Here Are Key Hurdles

Bitcoin price remained well bid above $9,000 and rallied to a new 2020 high against the US Dollar. BTC is now trading nicely above $9,500 and signaling a strong increase to $10,000. Bitcoin is showing positive signs above the $9,500 and $9,600 levels against the US Dollar. The price jumped to a new 2020 high at $9,764 and it is currently correcting lower. There is a major bullish trend line forming with support near $9,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current trend…

Bitcoin Is Diving But The Bulls Won’t Give Up Easily: Key Levels To Watch

Bitcoin price started a downside correction from well above the $9,550 area against the US Dollar. BTC broke the key $9,220 support and it is now trading in a short term bearish zone. Bitcoin declined recently below the $9,300 and $9,200 levels against the US Dollar. The price traded close to the $9,050 level and it is currently correcting higher. There is a major bearish trend line forming with resistance near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls need to push the…