“Responsible Development of Digital Assets”: Biden’s Executive Order Unpacked
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Shiba Inu (SHIB) saw a brief consolidation between the $0.034 and $0.018-levels for over two months. The buyers are now building up tension at its three-week trendline resistance (white, dashed). Here, do note that for brevity, SHIB prices are multiplied by 1000. If the sellers reject higher prices in the current range, SHIB will position itself for a near-term pullback towards...
Over the past couple of days, Bitcoin‘s Dominance metric has been on the rise. Alongside the same, Bitcoin has also been making steady gains after hitting a local bottom of $37.3k. The altcoin market reacted positively to Bitcoin’s gains as Binance Coin broke out of its short-term range and Ethereum Classic rose past its resistance level. Finally, Waves noted a retracement on the charts.
Piyush Gupta, the chief executive officer (CEO) at DBS Bank, says cryptocurrencies like Bitcoin will continue to grow as a meaningful store of value, just like gold. However, he also thinks that cryptocurrencies will not take over the role of state-backed currency.
Tron price started a decent increase from the $0.0575 level against the US Dollar. TRX price is now trading above $0.0600 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0602 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it clears the $0.0630 resistance zone and then $0.0650. TRON price started a fresh increase above $0.0600 against the US Dollar, similar to bitcoin. TRX...
Bitcoin’s latest rally saw it diverge further from the equity market. While stock markets slumped further on news that the United States will ban Russian oil, the world’s largest cryptocurrency rallied more than 6% to break above $41,000.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Solana has emerged as the faster network in terms of transaction speed, according to a recent investigation. On the contrary, it is also a statement of fact that unique daily active signers have dropped since January. On the charts, Bitcoin has seen a massive drop in recent months and so has Ethereum. Solana had been one of the large-cap coins that...