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

Ether (ETH) has been in a bearish trend since early September, and this week’s Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 days. Curiously, just three weeks ago, Ether was testing the $4,000 psychological barrier, but this changed after mounting crypto regulatory concerns and the fear of China’s debt markets triggering a global sell-off intensified. This week United States Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke to… Source link

What happened Popular cryptocurrency Dogecoin (CRYPTO:DOGE) got a boost from a surprising source yesterday. Adam Aron, CEO of movie theater chain AMC, shared on social media about his company’s need to start accepting payments with the cryptocurrency. As of 2 p.m. EDT, Dogecoin was only up 1% over the previous 24 hours. However, it’s up roughly 10% from this week’s lows. The world’s two largest cryptocurrencies, Ethereum (CRYPTO:ETH) and Bitcoin (