Latest Market News
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.
Warren Buffett’s recent dinner with TRON founder Justin Sun and other notable cryptocurrency community members (including Litecoin creator Charlie Lee) doesn’t seem to have impacted his stance on cryptocurrency as an asset class.
ChainLink saw a precipitous 10.6% price drop over the past 24 hours of trading as the cryptocurrency drops to the $3.65 level. The cryptocurrency failed to overcome strong resistance at around $4.57, which caused it to roll over and fall throughout the week. It has dropped a total of around 16.5% over the past 7 days of trading.
As we move towards the final month 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.
The best performing coins over the past week were Kyber Network (+27%), Algorand (+16%), and ABBC (+14%) out of the top 100 ranked projects
