• Cardano (ADA) Hits 2-Year High Following Coinbase Custody’s Integration; What’s Next?
    by Yashu Gola on July 8, 2020 at 5:06 am

    Cardano’s native blockchain token ADA logged a two-year high in early Wednesday trading session. The ADA/USD exchange rate topped at $0.138 as traders shifted their focus on Coinbase Custody’s announcement of supporting ADA storage and staking this year. ADA is now up by circa 180 percent over the last 90 days. Cardano’s native token ADA is among the top performers in the cryptocurrency market this year. The sixth-largest crypto established a new 2020 high at

  • XRP’s Recent Collapse Could Force Ethereum Under $200, Analyst Suggests
    by Nick Chong on July 8, 2020 at 1:00 am

    While Bitcoin, Ethereum, and other top cryptocurrencies are near year-to-date highs, the same cannot be said for XRP. As the chart below depicts, the leading altcoin is trading at $0.185 as of this article’s writing. This is below the start-of-2020 price ~$0.19 and more than 40% below the year-to-date highs of $0.34. For some context, Bitcoin is up around 25% while Ethereum has gained over 70%. XRP may be an outlier, but a trader recently

  • Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support
    by Cole Petersen on July 7, 2020 at 11:00 pm

    Bitcoin has remained in firm bull territory over the past several weeks, despite it showing some signs of immense weakness Much of the benchmark cryptocurrency’s current strength comes from its ability to hold above its SMA50 One analyst believes that this is the level that will determine the crypto’s future in the days and weeks ahead He also notes that some hidden bullish divergences are working to counter the weakness stemming from BTC’s “somewhat defined”

  • Cardano (ADA) May Be Forming a Macro Top Despite Surging 400% Since March
    by Cole Petersen on July 7, 2020 at 8:00 pm

    Cardano has been caught within an intense rally over the past few weeks, surging amidst a flurry of positive news This rally has allowed it to set fresh yearly highs today, and in the near-term, it appears that it will continue climbing higher It is important to note that it is quickly navigating up towards a massive high time frame resistance level The selling pressure here may be insurmountable and could spark a selloff This

  • Analyst: Bitcoin Needs to Push Past $9,600 to Avoid a Brutal Decline
    by Cole Petersen on July 7, 2020 at 6:00 pm

    Bitcoin now appears to be entering another consolidation phase around $9,300 Its buyers have been unable to surmount the resistance that exists around this price level Each attempt to break above it has been met with an influx of selling pressure that forces it lower As for what may come next, analysts are noting that it is imperative that buyers step up and force the benchmark crypto higher if they are to catalyze any further