Latest Market News
Bitcoin plummeted by a further 6.6% over the past 24 hours of trading as it drops as low as $7,300 before bouncing slightly higher to the current trading price of around $7,384. This price drop has largely been driven by what people are calling “The Trump Effect”.
Central banks are continuing to explore blockchain technology - here's what the experts say about the positives and negatives of the peaking interest of banks in digital currencies.
As we move towards the end of Q1, a number of projects are moving ahead with continued development, and this week’s top coins to watch are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
In a humorous tweet posted recently, Musk picked Dogecoin over the popular Bitcoin as his favorite and added that it is the best cryptocurrency asset.
Litecoin has dropped by a sharp 9.5% over the past 7-days of trading after LTC rolled over at the $80 level and went on to collapse beneath $70 and $60 until finding support at the $57.85 level, provided by a downside 1.618 Fibonacci extension level.
As we move towards the end of Q1, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Find out who the top crypto influencers are with our list of the 20 most influential people in the cryptocurrency and blockchain industry.
Coinbase has introduced new features to its Coinbase Wallet that make the process of sending and receiving cryptocurrency more intuitive. Instead of using cryptocurrency addresses, which are non-human readable strings of seemingly random characters, users can now send crypto to other Coinbase Wallet users simply through a username that starts with @.
Venture capitalist Tim Draper has a different view of Buffett's distaste for cryptocurrency. According to him, the new decentralized economy will give conventional financial institutions like banks and insurance companies a tough time. And guess what? 50% of Warren Buffett's holdings are banks and insurance companies. So, it's not difficult to see why he may be averse to cryptocurrency.
The Binance Coin price saw a 6% price decline during today's cryptocurrency market bloodbath, with the cryptocurrency dropping to the $18.40 level. It has found major support at the .618 Fibonacci Retracement level but also recently broke beneath both the 100-day and 200-day EMA levels.
