Binance Coin targeted a rise above the $240 resistance on the back of bullish indicators. Monero battled to retake the 38.2% Fibonacci level from the bears. Finally, ALGO’s latest attempt to break above $1.19 resistance was boosted by healthy capital inflows. Binance Coin [BNB] Source: BNB/USD, TradingView The last 24 hours saw Binance Coin rise by 4% as the price attempted to flip a key resistance level at $240. The indicators flashed a bullish signal at the time of writing and suggested… Source link

Ethereum blockchain developers approved one of the biggest changes to the network since its inception in 2015, a shift that could spur even bigger gains in the price of its native cryptocurrency Ether. The move will reduce the amount of outstanding Ether by destroying some of the tokens every time it’s used to fuel transactions on the world’s most-used blockchain. Known as EIP 1559, the change solves a current problem: Ethereum users can only estimate how much Ether will be needed for… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

The cryptocurrency market has been recovering from the sudden selling pressure it witnessed a few days back. Litecoin [LTC] has been trying to find a stable price level in the market currently, however, there have been recurring sell-offs pushing the coin even lower. At the time of writing, the digital asset was trading at $182.68 with a market capitalization of $12.16 billion. LTC one-hour chart Source: LTCUSD on TradingView The above chart of Ltiecoin highlighted the rise and fall of the… Source link

Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which is causing median fees to surpass $10, the network effect of its large user and developer base seems to be enough to sustain its position as the second ranked cryptocurrency by market capitalization. Nevertheless, some key on-chain metrics are beginning to show a… Source link

Treasury Secretary Janet Yellen has been sounding the alarms about bitcoin NEW YORK, NEW YORK – FEBRUARY 24: (EXCLUSIVE COVERAGE) Personal finance commentator and author Suze … [+] Orman surprised the financial world when she proclaimed this week in an interview, “I love bitcoin!” Getty Images and cryptocurrency. At a conference in late February, Yellen called bitcoin “an extremely inefficient way of conducting transactions” and “a highly… Source link

Monero struggled to maintain a level above its $225.5-resistance since the bears were asserting their control on the market. Ontology flipped a key resistance line at $1.05, but looked unlikely to hold on to the aforementioned in the next few trading sessions. Finally, CRO projected rangebound movement as volatility remained on the lower side. Monero [XMR] Source: XMR/USD, TradingView Despite several attempts, Monero’s bulls have been unable to rise above the coveted resistance of $225.5,… Source link

Monero struggled to maintain a level above its $225.5-resistance since the bears were asserting their control on the market. Ontology flipped a key resistance line at $1.05, but looked unlikely to hold on to the aforementioned in the next few trading sessions. Finally, CRO projected rangebound movement as volatility remained on the lower side. Monero [XMR] Source: XMR/USD, TradingView Despite several attempts, Monero’s bulls have been unable to rise above the coveted resistance of $225.5,… Source link

Trading contracts of polkadot, the ethereum rival that’s soared over 1,000% since August, have suffered a 99% so-called flash crash on the cryptocurrency exchange Binance. Binance polkadot futures contracts briefly dropped to under $1 on Friday before bouncing back to around $33. During the sudden drop, lasting mere seconds, some $18 million of polkadot futures contracts were traded on the exchange. MORE FROM FORBESBitcoin Still ‘Early’ Despite Huge 500% Price Rally-$28 Billion Asset… Source link

Ethereum Ethereum fell by 0.70% on Friday. Following a 1.83% decline on Thursday, Ethereum ended the day at $1,528.82. A bearish start to the day saw Ethereum slide to a late morning intraday low $1,442.32 before finding support. Ethereum fell through the first major support level at $1,488 and the second major support level at $1,435. Steering clear of sub-$1,400 levels, however, Ethereum bounced back to strike a late intraday $1,551.19. While breaking back through the major support levels,… Source link