Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “unlikely” to linger below $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800 overnight, following an earlier unsuccessful attempt by sellers to flip $40,000 back to resistance. With stubborn conditions keeping BTC price action in a narrow range, attention on Sunday focused on where the… Source link

Ethereum Ethereum slid by 7.10% on Friday. Reversing a 2.48% gain from Thursday, Ethereum ended the day at $2,930.61. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,160.48 before hitting reverse. Falling short of the first major resistance level at $3,213, Ethereum slid to a late morning intraday low $2,735.00. Ethereum fell through the first major support level at $3,066 and the second major support level at $2,978. Finding late support, Ethereum briefly broke… Source link

Ethereum price halted against a combination of solid Fibonacci and Ichimoku resistances. Sellers are likely to regain control and push Ethereum to new two-month lows. Oscillators support lower prices soon. Ethereum price faces the same assault as the broader market with news that China is officially made all cryptocurrency transactions illegal. The market was positioned perfectly for bearish news to give sellers more control. Ethereum price fails to hold above… Source link

What happened Cryptocurrencies fell on Friday after China furthered its crackdown on the industry. Here’s how some of the most popular cryptoassets were performing as of 3:30 p.m. EDT: So what Earlier this year, China banned cryptocurrency mining, an energy-intensive process that has drawn criticism from environmentalists for its potential to contribute to climate change. Chinese regulators also forbid the country’s financial institutions from… Source link

Ethereum (ETH) has been one of the most reliable performing cryptocurrencies of 2021. This article, Ethereum price prediction 2021, is about its technical analysis. Being one of the most grown players in the crypto field, Ethereum has developed trusted credibility among enterprise businesses. Its protocol’s real-world applications have also covered 11 significant categories that enterprise businesses could be interested in. And Ethereum’s massive community of developers, which works on… Source link

Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and vowed to clamp down on illicit activities involving digital currencies. The agencies said that overseas crypto exchanges would be blocked from providing services to Chinese residents through the internet. Bitcoin (XBT) fell about 5% on the news. Ethereum, another leading cryptocurrency,… Source link

Text size The Chinese government has been getting tougher on cryptocurrencies. Rutmer Visser/Dreamstime Cryptocurrencies… Source link

The price of Ethereum’s native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be “illegal.” “Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies,” the People’s Bank of China said in a statement on its website Friday, adding that online crypto services to Chinese residents offered by offshore exchanges are also “illegal financial… Source link

The Litecoin price was in the red earlier on Friday, breaking a two-day winning streak. The coin has been under intense pressure since the start of September. Litecoin has been among the worst-performing cryptocurrencies alongside Ethereum, Uniswap, Bitcoin Cash, Chainlink, and many more. LTC Fundamental Outlook  The LTC price has declined more than 35% since the start of September. It has declined nearly 20%  in the last seven days and almost 8% in the last 24 hours. Its total market… Source link

Litecoin price rose roughly 15% over the past two days, slicing through the $160.86 resistance level. A successful retest of this barrier coupled with the resurgence of the buyers could confirm a flip of this barrier into a support floor. Such a development is likely to trigger a 17% ascent, pushing LTC to $189. Litecoin price experienced the second flash crash, which bottomed on September 21. While the descent was steep, the recovery seems to be coming along well…. Source link