As more nations across the globe jump on the Central Bank Digital Currency bandwagon, the world is inching closer to witnessing a globally recognized CBDC. However, the United States is in the limelight in the race to develop the first global digital currency as the sovereignty of the US dollar is mostly at stake. This […]
USDCHF Price Analysis – December 17 The USDCHF is adrift of its attractiveness in the past few hours and erases its daily gains to fall under pressure from the bitter market sentiment and wider greenback frailty. At the time of writing, the pair fell 0.03% on the day and at the level at 0.9811. Key […]
In the past week, after Boris Johnson was declared the winner of the December 12 UK elections, Sterling had a wild run in the hope of an easier Brexit pass. The same may not hold for Pound as during the week, with its market activity, analysts had foreseen it may not trend higher. In the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish In the last sideways trend, Litecoin was fluctuating between the levels of $42 and $50.On December 16, the bears broke the $42 support level and resumed a downtrend. The previous sideways trend has been terminated as Litecoin falls […]
The much-anticipated move for Bitcoin finally came yesterday, following a colossal drop below $7000 – where Bitcoin held as support for days. Now, the market is slowly leaving the $7000 zone, although we may see a retest before the next bearish surge. Currently, BTC is down by -2.58%, more drop is expected to play out. […]
Boosting followership on social media has become a regular act on the internet over the past years, especially with some public figures that are eventually involved in such activities. To some who engages in this public scenario, the motives behind their actions are mostly traced to hyping and an attempt to build trust amongst its […]
For many years now, Bitcoin’s price is known majorly for driving the entire cryptocurrency market due to its larger share of the market volume. Currently, the entire cryptocurrency market cap is estimated at $191.4 billion with BTC dominance of $66.9%. With such a volume percentage, Bitcoin has high potency to cause a lot of pressure […]
The Chief Executive Officer of MicroBT, Yang Zuoxing has been apprehended in connection with embezzlement. The apprehension was disclosed by the Shenzhen Nanshan District Prosecutor on the 12th of December and was broadcasted by the popular Chinese media house, Caixin on the 15th of December. This event is coming at a time when MicroBT is […]
Ethereum, the second-largest cryptocurrency by market cap, has continued to show a sign of weakness over the past days following November 25 recovery from $133 to $159 on December 4. Against Bitcoin, Ethereum is following the same trend. However, a bullish move is likely to play as soon as the bulls step back in the […]
