Crypto News

Shiba Inu (SHIB/USD) Stuck Below $0.00003100 – Price Analysis

Shiba Inu (SHIB/USD) Stuck Below $0.00003100 – Price Analysis

SHIB price analysis displays bullishness today. Massive resistance sits at $0.00003597. Shiba Inu's critical support is $0.00002961. Shiba Inu (SHIB) token seems to join a bull market with slight reversal chances. Indeed, bears dominated the meme coin over the last few weeks. However, bulls stepped up vigorously, recapturing the market. Now, market players wait to see whether SHIB will keep the upward momentum. Yesterday's price actions saw Shiba Inu on positive moves, rising from $0.00003094 to $0.00003069. On 15 January 2022, SHIB's price fluctuated near the $0.00003100 level. The canine-themed crypto seemed to keep the momentum today, wavering around $0.00003071…
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Ethereum (ETH) Declines Turn Attractive; Bulls Eye $3,500

Ethereum (ETH) Declines Turn Attractive; Bulls Eye $3,500

ETH kick-started a massive surge beyond the resistance zone at $3,250. The alt traded beyond $3,250 and 100 hourly SMA. The coin's price chart indicates a massive bullish trend-line appearing with support around $3,300 (data from Kraken). Breaking past the resistance zone at $3,380 might see the pair extending its gains. Ether gained momentum past the $3,250 value area. The leading altcoin corrects its gains from $3.4K, but dips appear limited in the short term. ETH Price Gains Pace Ethereum price launched a massive upswing past the resistance level of $3,250. The leading alt overpowered the $3,300 hurdle and 100…
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Decentraland (MANA) Encounters Resistance Confluence, Eyeing 15% Upsurge

Decentraland (MANA) Encounters Resistance Confluence, Eyeing 15% Upsurge

MANA price bounces off the daily demand region that extends between $2.20 and $2.82, hinting at upswings. Decentraland will meet the weekly resistance zone at 43.26 and liquidity beyond $3.39 on the upside journey. Breaching the demand region's bottom limit near $2.20 will form a lower low, canceling the bullish case. Decentraland (MANA) appears to retest a critical support levels confluence that might catalyze upward price actions. Nevertheless, the metaverse crypto will encounter several obstacles in its bullish rally. MANA Plans to Rise Higher MANA price retested a bear trend-line twice since 29 November 2021, the $5.24 swing high. The…
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Crypto.com (CRO) on a 20% Weekly Loss as UK Advertising Watchdog Bans Two Ads

Crypto.com (CRO) on a 20% Weekly Loss as UK Advertising Watchdog Bans Two Ads

com's price lost 4% within the last 24 hours and more than 20% in one week amid news of a ban. Advertising Standard Authority in the UK has banned two Crypto.com ads, deeming them irresponsible and misleading. Experts forecast further drops in CRO price as the alt prints lower lows. Crypto.com (CRO) price encountered plunges within the last week. The alternative toke has recorded losses in four successive weeks. Meanwhile, UK advertising regulators banned two advertisements by the exchange. CRO Responds to Advert Ban with Price Plunge The UK advertising regulator ASA (Advertising Standards Authority) banned two crypto ads from…
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Bitcoin (BTC) Price Has Dropped 10% Since 2022 Started – Time to Buy?

Bitcoin (BTC) Price Has Dropped 10% Since 2022 Started – Time to Buy?

Indeed, the crypto industry prints disappointing actions at the start of the New Year. Bitcoin (BTC) has maintained downtrends so far this year. The latest fall followed hawkish comments from Federal Reserve, highlighting inflation. For now, the leady crypto has lost over 10% as far as 2022 is concerned, indicating its high volatility. While publishing this content, Bitcoin has its price fluctuating at $41,800. That way, the token stays 38% lower from the November record high, near $69,000. Bitcoin's Recent Moves Bitcoin's latest price drops came due to unfavorable market situations that ruined investor sentiment. The U.S. Federal Reserve's minutes…
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Tezos (XTZ) Flashes Bullish Potential Near $4.3 – Price Analysis

Tezos (XTZ) Flashes Bullish Potential Near $4.3 – Price Analysis

XTZ highlights a bearish outlook today. The alt's support stands at $3.7 Tezos has a massive resistance at $5 Tezos (XTZ) remains bearish as the alternative coin saw massive devaluation within the past two days. Bears dominate the assets, and XTZ dropped from $4.49 on 6 January to value areas of $4.3 today, 8 January. As bears continue ruling the market, the coin might witness further drops today. Meanwhile, the market shows bullish potential amid bearish dynamics. While writing this news, XTZ's price stands at $4.30. XTZ/USD 4Hr Chart – Shift in Market Trend Tezos analysis suggests market volatility to…
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Weekly NFT Sales for BAYC & MAYC Surged By 150% and 93.41% Thanks To Eminem

Weekly NFT Sales for BAYC & MAYC Surged By 150% and 93.41% Thanks To Eminem

NFT market was already growing immensely but another major push to it has been given by globally famed American rapper and hip-hop artist Eminem when he revealed to the public that he too has bought an expensive NFT collection of Bored Ape Yacht Club which cost him US$ 425,000 roughly. The push has been duly capitalized by the NFT market of Bored Ape Yacht Club and Mutant Ape Yacht Club after Eminem’s disclosure. Two of the most attention and investment-seeking NFT projects of today are Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). Since the past week,…
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Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India (RBI) had never lent out any sort of recognition nor any support to digital currencies ever, however, it has been continuously discouraging Indian to beware of them because they are instruments of “fraud” and “consumers’ nightmare”. It recently shared the same point of view when RBI said that engaging with cryptocurrencies may lead to consumers’ nightmares and expose them to risks of fraud and extreme volatility. The Financial Stability Report has recently been compiled and made public by the Reserve Bank of India (RBI). The report is comprehensive in nature as it expands over 150 pages…
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