Latest Market News
The Federal Bureau of Investigation (FBI) is looking to contact people who lost funds on the collapsed QuadrigaCX cryptocurrency exchange. The agency is asking victims to complete a questionnaire which asks for information regarding users’ interactions with QuadrigaCX, including usernames, account balances, withdrawal requests and more.
Even though Bitcoin has already been around for 10 years and became a global phenomenon along the way, its origins continue to be shrouded in mystery.
Analysing the daily ETH/USD above, we can see that Ethereum had struggled to make any movement above the $272 level before rolling over and falling. Ethereum then went on to fall into support at the previous bearish .382 Fibonacci Retracement level (drawn in red) priced at $247, where it is currently trading.
As we begin the month of June and reach the halfway point of the year, this week’s choices are set to benefit from increased trading activity and speculation as the result of significant developments and network upgrades that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.
Ripple appeared to be forming a double-top pattern after breaking the $0.40 level last two weeks which has now become a support for the market. Looking at the price action, the XRP pressure has been solidly held by the 10-day moving average (yellow) for the past three days. In a real-time, Ripple’s XRP is trading at around $0.43.
Tezos has dramatically climbed from $0.4 in the last two months after forming an ascending broadening wedge which has risen the market to the $1.82 before witnessing a decline that is now approaching the lower boundary of the wedge. Currently, XTZ is trading at around $1.44.
Earlier this month, Litecoin resumed a positive rally after the April bear market which brought the token’s price to a low at $70 before the market picks up to the monthly high at $120, trading around the $117 as of the time of writing.
In this article, we will be showing how an investment strategy of purchasing $1,000 worth of BTC on the 31st of each month for the last 12 months would have panned out for you, and provide some interesting comparisons against ETH, the crypto market (excluding BTC) and the U.S. stock market (represented by the S&P 500 index).
Stellar Lumens has seen a small 3% price increase over the past 24 hours which has allowed the price to rise towards the $0.14. However, overcoming the resistance at $0.14 is proving to be difficult for XLM bulls and other projects have overtaken Stellar to leave it in the 10th position.
After the breakout two weeks ago, IOTA has remained trading below the $0.45 until yesterday’s surge in volatility which paced up the price at $0.5 before dropping. At the moment, the token trades at around the $0.47 price level, lying at the horizon of the 70 level of the daily RSI. The market appeared to be facing rejection at the $0.5 level.
