Ethereum Hesitates But Further Losses Seem Likely: Key Levels To Watch

Ethereum is down more than 10% from the 2020 high against the US Dollar, similar to bitcoin. ETH price is likely to test the $148 support area before a fresh increase. ETH price is currently correcting lower from the $179 swing high against the US Dollar. The price is showing a few bearish signs and it might decline below the $158 support. There is a major contracting triangle forming with support near $158 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either rally again above…

Research Firm and Environmental Watch Dog Test World’s First Air Quality Ledger

Citing the inadequate weather data collection, an international partnership is testing the world’s first air quality ledger and trying to stem a global crisis. Air quality as public health crisis PlanetWatch announced earlier today the battle-testing of air quality monitors linked to research firm Algorand’s blockchain. “It is currently operating in several Italian cities (fixed installations and mobile ones on trolleys and buses), plus a long-term installation test in the Arctic,” Algorand’s Kati Callaghan told Cointelegraph. According to a PlanetWatch post on Jan. 23, the current state of air monitoring…

CoinDesk at WEF 2020: Crypto Themes to Watch as Davos Gets Underway

CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Below is the first edition of our pop-up newsletter, CoinDesk Confidential: Davos. Subscribe below. Get your Fourth Industrial Revolution hardhats on – it’s time to ponder the slew of problems ailing today’s global economy! Hello, it’s Monday, Jan. 20, 2020, the preamble to the 50th Annual Meeting of the World Economic Forum begins today. I’m Zack Seward, managing editor of CoinDesk, and I’ll be your…

Bears Beware: Ripple Uptrend Far From Over, Here Are Key Supports To Watch

Ripple extended its rise above the $0.2450 resistance against the US Dollar, similar to bitcoin above $8,800. XRP price topped near the $0.2540 area and recently corrected lower. Ripple price is down more than 6% and broke the $0.2400 support against the US dollar. The price is now trading below $0.2350, but there are many key supports on the downside. There was a break below a major bullish trend line with support near $0.2370 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline…

Watch Civic’s CEO Talk About His New Cross-Border Payment System

Civic’s Vinny Lingham joined us at the Digital Money Forum last week to talk about his new money transfer platform – a worldwide system that holds no funds but instead connects multiple money services businesses (MSBs) in a global network. The product, called Civic Wallet, will let users carry cryptocurrencies and fiat currency on their own devices and uses Civic’s facial recognition systems to secure the system. Because Civic holds none of the keys or currencies, the clients and MSB endpoints will use the wallet as a sort of piping.…

This Scenario Will Trigger A New Ripple Rally: Key Levels To Watch

Ripple corrected lower sharply from $0.2450, but it found support near $0.2200 against the US Dollar, similar to bitcoin near $8,500. XRP price is recovering, but it must surpass $0.2360 for a fresh rally. Ripple price is showing positive signs above the $0.2250 and $0.2280 support levels against the US dollar. The price is facing hurdles near the $0.2350 and $0.2360 levels. There is a new contracting triangle forming with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must climb above…

Bitcoin Crucially Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch

Bitcoin rallied more than 5% and broke key hurdles near $8,250 and $8,500 against the US Dollar. BTC price might continue to rise towards $8,780 and $8,800 in the near term. Bitcoin price is gaining bullish momentum above the $8,400 resistance against the US Dollar. There was a crucial upside break above the range resistance near $8,200. Yesterday’s highlighted important bearish trend line was breached with resistance near $8,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct in the short term, but…

Narrative Watch: The Hunt for Crypto’s Killer App

Starting today, accredited investors will be able to partake of $13.5 million in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of “income share agreements.”  In this podcast, we discuss how big a deal Dinwiddie’s offering is and whether income share agreements could be a breakout use case for crypto. We also discuss other contenders for “crypto killer app,” including under-collateralized DeFi loans…

This Key Sign Shows Bitcoin Bulls Are Accumulating: Important Levels to Watch

Bitcoin price is confined in a range below the key $8,200 resistance against the US Dollar, suggesting a short term accumulation phase. BTC could either rally above $8,200 or it might dip to $7,700 before a decent bounce. Bitcoin is moving in a range between $8,200 and $8,000 against the US Dollar. The bulls are likely aiming an upside break above the $8,200 resistance area. There is a key bearish trend line forming with resistance near $8,170 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

This Scenario Will Trigger A New Ethereum Rally: Key Levels To Watch

Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar. The price is struggling to clear $148, but there are high chances of an upside break. There is a key breakout pattern forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct…