Bitcoin Could Restart Increase If The Bulls Clear This Resistance

Bitcoin is consolidating above the $20,000 zone against the US Dollar. BTC must clear the $20,800 resistance to restart increase in the near term. Bitcoin corrected gains and tested the $19,800 support zone. The price is now above the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $20,550 and $20,800 resistance levels. Bitcoin Price Faces…

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Bitcoin Trims Gains, Why 100 SMA Could Trigger Fresh Increase

Bitcoin struggled above the $21,500 resistance zone against the US Dollar. BTC is trimming gains and might find support near the 100 hourly SMA. Bitcoin climbed above the $21,500 level before it faced sellers. The price is now above the $20,000 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $21,175 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could find bids near the $20,000 zone or the 100 hourly simple moving…

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Ethereum Dips From $2K, Why 100 SMA Might Spark Fresh Increase

Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is correcting lower, but dips might be limited below the $1,900 zone. Ethereum started a downside correction from the $2,000 resistance zone. The price is still trading above $1,900 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above $1,900 and the 100 hourly SMA. Ethereum…

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Ethereum Dips But Here’s Why ETH Could Start Fresh Increase

Ethereum failed to clear the $2,085 resistance and declined against the US Dollar. ETH must stay above $1,920 to start a fresh increase in the near term. Ethereum failed to clear the $2,085 and $2,100 resistance levels. The price is now trading below $2,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the main $1,920 support zone. Ethereum Price…

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European families see crypto as a tool to increase savings: Survey

While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto trading platform BitMEX shows.  The survey, conducted by research firm Kantar, tried to discover crypto-related trends among consumers in 2022. Going through 3,000 respondents within 14 markets in Europe, Asia and Latin America, the study found that Europeans look at crypto as a method for investments and saving up for their families. Fifty-five percent of the European participants declared that they currently hold cryptocurrency. Moreover,…

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Bitcoin Eyes Fresh Increase But This Level Is The Key

Bitcoin is stable above the $29,600 support against the US Dollar. BTC must clear the $31,350 resistance to start a decent increase. Bitcoin is struggling to gain momentum above $30,500 and $30,600. The price is now trading near the $30,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above the $31,350 resistance. Bitcoin Price Is…

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Bitcoin Key Indicators Suggest Strengthening Case For Decent Increase

Bitcoin is showing positive signs above $39,500 against the US Dollar. BTC must clear $40,250 to continue higher in the near term. Bitcoin started another recovery wave and climbed above the $39,800 level. The price is now trading above $39,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $39,580 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $40,250 resistance to continue higher in the near term. Bitcoin Price Eyes Upside Break…

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Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%

A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends in Ransomware” delves into trends observed during 2021 but was only released this week. The firm revealed there was almost a 500% increase in “double extortion” ransomware attacks from 2020 to 2021. These are cyber attacks in which malicious actors steal a victim’s sensitive data in addition to encrypting it. The report echoes similar findings from analytics firm Chainalysis which reported that…

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Coinbase to increase transparency on potential 2022 listings

America’s largest crypto exchange, Coinbase, announced a long list of tokens it could potentially list in the second quarter of 2022 in an effort to increase transparency. An April 12 blog post from the exchange includes a list of tokens under consideration, but notes that other tokens may be under consideration but not specifically mentioned. Among those on their radar are 45 ERC-20 tokens on the Ethereum (ETH) network, and five SPL tokens on the Solana (SOL) network. Some of the tokens with a relatively large market cap are Binance…

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Why Bitcoin Could Start Fresh Increase and Revisit $50K

Bitcoin is consolidating below the $48,000 resistance against the US Dollar. BTC could start a fresh rally if it clears the $48,000 resistance zone. Bitcoin is stable above the $47,000 and $46,800 support levels. The price is trading above $46,500 and the 100 hourly simple moving average. There is a major breakout pattern forming with resistance near $47,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it manages to clear the $48,000 resistance zone. Bitcoin Price Eyes Fresh…

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