Foreign Exchange

ETHUSD rises as the price bounces off the $1540.0 support. The overall downward trend emerged as the price made a u-turn in February 2023. Following a short period of distribution, a markdown ensued, driving the price lower into the discount zone. A lower high formed on May 6, 2023, in a bid to drag the […]

A reversal occurred as the price hit the $19569.00 support level in March 2023. This was followed by an aggressive rally that brought the price of Bitcoin beyond the previous resistance of $24750.00. Owing to the aggressive rally from the $19569.00 support, a liquidity void formed below the $24000.00 psychological level. BTCUSD further rallied higher, […]

BTCUSD keeps declining as the price crosses $28661.00 to the downside. The market’s structure was previously bullish until the price began to crash alongside the falling trendline. The bullish trend commenced as the market bounced off the $15460.00 support in November 2022. The first impulse of the uptrend lasted for over ten weeks after the […]

In the landscape of cryptocurrency adoption, El Salvador stands witness to widespread awareness of Bitcoin; however, its practical utilization remains relatively modest, barring some exceptions seen in popular tourist destinations. On a parallel note, Argentina’s economy grapples with escalating inflation rates, a backdrop that amplifies the surge in Bitcoin adoption within the nation...

Despite the euphoria surrounding the debut of crypto enterprises in Hong Kong, no local employees have been hired as of yet, said recruitment executives. Roughly 150 businesses submitted an application on June 1 for a regional crypto license that enables them to run a cryptocurrency trading platform in the area. Even up to $25 million […]

This new crypto exchange has started operation; deals are now being executed on the platform. This new exchange platform hopes to win the hearts of wary brokers and investors because of the FTX disaster and Binance’s current issues. As a “noncustodial” exchange, EDX Markets won’t deal with its customers’ digital assets directly. Instead, it manages […]

Layer-2 scaling solution Polygon, originally known as Matic, is based on the Ethereum network. Its major objective is to solve Ethereum’s scalability problems and offer cheaper, quicker transactions. Transaction fees may become unprofitable for frequent or small investments if Ethereum-based decentralized applications (dApps) gain popularity. A sidechain called Polygon operates in tandem...

The modern cryptocurrency market runs on stablecoins due to their stability in value. Traditional cryptocurrencies like Bitcoin and Ethereum behave more like tech stocks than they do like secure repositories of wealth because of their high volatility. The need for digital assets with stable values has increased, along with investors’ interest in cryptocurrencies. To meet […]

Staking your cryptocurrencies may appear difficult, but there are straightforward ways to go about staking your proof-of-stake coins so as to generate interest in your holdings. Centralized exchange platforms can help simplify staking for beginners. However, delegation requires a little more expertise. The simplest way for beginners to stake crypto is through the services of […]

BTC turned bullish with the change of character (ChoCh) witnessed in January. The surge in the market broke the descending trendline that has resisted the Bulls. Immediately after the upthrust, the market retraced to test the previous resistance trendline, which has now turned into support. The buyers utilized the opportunity to fill long orders. The […]