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Weekly Cryptocurrency Market Analysis: Altcoins Fail to Sustain Recent Rallies, Lose Strength on Bear Market

Source Node: https://coinidol.com/altcoins-lose-strength/
Time Stamp: November 17, 2021 6:00 AM - Modified On: November 17, 2021 - Published By:
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Nov 17, 2021 at 11:00 // News Cryptocurrencies failed to continue recent rallies as altcoins fell back to their previous lows. OMG Network lost all of October's bullish gains and became the biggest loser of the last 7 days. OMG Network Since October 4, OMG Network (OMG) has been trading below the overhead resistance of $18. On November 4, buyers pushed the altcoin to retest the overhead resistance. The cryptocurrency formed a bearish double top that led to a downside move. The selling pressure erased the bullish gains from October.

Bitcoin (BTC) Slumps Below $60,000 As Selling Pressure Intensifies

Source Node: https://beincrypto.com/bitcoin-btc-slumps-below-60000-selling-pressure-intensifies/
Time Stamp: November 17, 2021 2:17 AM - Modified On: November 17, 2021 - Published By:
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Bitcoin (BTC) decreased considerably on Nov 16 and is in process of breaking down from a short-term corrective pattern, which could further intensify the downward movement.Sponsored Sponsored BTC has been falling since Nov 10 after it reached an all-time high price of $69,000. The downward move was preceded by bearish divergence in both the MACD and RSI. This is a bearish sign that often kicks off bearish trend reversals. BTC has already touched the first support area at $57,850. This is the short-term 0.382 Fib retracement support level. Sponsored Sponsored However,

DAOLaunch Vows to Change the Future of Funding With Decentralized VC

Source Node: https://beincrypto.com/daolaunch-decentralized-venture-capital-to-change-future-of-funding/
Time Stamp: November 17, 2021 1:12 AM - Modified On: November 17, 2021 - Published By:
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The Venture Capital (VC) industry has traditionally been the playground for the rich. Generally speaking, you had little chance of making it as a venture capitalist if you were not financially well-established to begin with. Sponsored Sponsored However, that status quo is about to change now with the emergence of blockchain-powered platforms like DAOLaunch.  Blockchain technology is already making inroads into venture capital, exposing the industry to all the perks of decentralization. Expectedly, this has prompted an increasing number of analysts and industry stakeholders to anticipate a new era of decentralized

Bitcoin (BTC) Falls Sharply Towards $60,000 — Where Will It Find Support?

Source Node: https://beincrypto.com/bitcoin-btc-falls-sharply-towards-60000-where-will-it-find-support/
Time Stamp: November 16, 2021 2:20 AM - Modified On: November 16, 2021 - Published By:
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Bitcoin (BTC) decreased considerably on Nov 15 and followed it up with an even sharper fall on Nov 16. It is currently attempting to find support.Sponsored Sponsored BTC has been moving downwards since reaching an all-time high price of $69,000 on Nov 10. The downward movement was followed bearish divergences in both the MACD and RSI. Such occurrences often precede bearish trend reversals. The closest support level is found at $57,850. This is the 0.382 short-term (white) Fib retracement support level. If it fails to initiate a bounce, there would

LBank Exchange Will List LMCSWAP on November 15, 2021

Source Node: https://news.bitcoin.com/lbank-exchange-will-list-lmcswap-on-november-15-2021/
Time Stamp: November 16, 2021 1:00 AM - Modified On: November 16, 2021 - Published By:
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press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, blockchain technology and crypto are changing its economic landscape dramatically. Limocoin Swap (LMCSWAP) is a token created to allow, by the principle of crypto assets, the evolution of market solutions. The LMCSWAP token will

Do Bitcoin and other cryptos have any added advantages over equities

Source Node: https://ambcrypto.com/do-bitcoin-and-other-cryptos-have-any-added-advantages-over-equities/
Time Stamp: November 15, 2021 8:30 PM - Modified On: November 15, 2021 - Published By:
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Bitcoin has shot up in price at the start of the week following a major upgrade to its network. Even the rejection of a spot bitcoin ETF by the SEC appears to have done little to damage bitcoin’s price prospects. At press time, the token, post some correction was trading at the $65.8k mark. Nonetheless, what’s the projected price mark for the largest cryptocurrency. Gareth Soloway, the chief market strategist at stock technical guidance platform InTheMoneyStocks.com believes that the token still had some room to left to record a fresh

Here’s how Cardano can break away from its bearish shackles

Source Node: https://ambcrypto.com/heres-how-cardano-can-break-away-from-its-bearish-shackles/
Time Stamp: November 15, 2021 6:30 PM - Modified On: November 15, 2021 - Published By:
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Cardano has been in a constant downtrend since early-September and has struggled to recover lost ground even during broader market rallies. The last rally was observed between 5-10 November, although bulls were unable to clear the 38.2% Fibonacci level. Over the near-term, ADA could continue its consolidation and expect traders to shift back to long positions once ADA closes above $2.30. At the time of writing, ADA traded at $2.06, up by 1.2% over the last 24 hours. Cardano Daily Chart Source: ADA/USD, TradingView A look at ADA’s On Balance

TA: Ethereum Regains Strength, Indicators Suggest Fresh Run To $4,850

Source Node: https://www.bitcoinnewsminer.com/ta-ethereum-regains-strength-indicators-suggest-fresh-run-to-4850/
Time Stamp: November 15, 2021 4:38 AM - Modified On: November 15, 2021 - Published By:
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Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA. Ethereum started a fresh increase above the $4,600 and $4,700 levels. The price is now trading above $4,650 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains above the $4,800 resistance zone in the

Crypto ETP Provider ETC Group Crosses $2 Billion Worth of AUM

Source Node: https://www.financemagnates.com/cryptocurrency/news/crypto-etp-provider-etc-group-crosses-2-billion-worth-of-aum/
Time Stamp: November 10, 2021 8:31 AM - Modified On: November 10, 2021 - Published By:
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ETC Group, a provider of institutional-grade digital asset-back securities, now has more than $2 billion worth of crypto assets under management (AUM). The company achieved the milestone for the first time in its history.ETC Group’s Bitcoin ETP alone accounts for more than $1.6 billion worth of AUM. In the last 10 months, the overall value of ETC Group’s AUM increased sharply due to a surge in the popularity of crypto trading products.As part of its expansion plan, ETC Group recently hired ETF expert Tim Bevan as co-CEO, Julian Kelly as

Crypto Exchange KuCoin Global Storytelling Agenda

Source Node: https://themerkle.com/crypto-exchange-kucoin-global-storytelling-agenda/
Time Stamp: November 9, 2021 3:20 AM - Modified On: November 9, 2021 - Published By:
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KuCoin is one of the flagship crypto exchanges. It is famous for its advanced level of security and ease of use to transact and store cryptocurrencies. The crypto exchange features multi-layered security that serves alongside micro-withdrawal wallets, industry-standard multi-layered encryption and a top-tier multi-factor authentication.  With its level of diligence, KuCoin has earned its rightful place as the number one crypto exchange. It provides ultra-modern operations to allow users to trade enormous volumes while levelling up through the top of the line provisions. The leading altcoin exchange A home of hidden gems, KuCoin

Shiba Inu Price Shows Strong Support, AMC Announces Plans to Accept $SHIB

Source Node: https://nulltx.com/shiba-inu-price-shows-strong-support-amc-announces-plans-to-accept-shib/
Time Stamp: November 8, 2021 9:59 PM - Modified On: November 8, 2021 - Published By:
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After the bear trap last week, Shiba Inu’s price continued to decline throughout the day. However, the market showed strong support at the $0.000053 level and is currently trading at $0.000056. Let’s take a look at any relevant Shiba Inu news and see what this week has in store for us. Shiba Inu News In a press release published earlier today, Tokens.com – a publicly traded company – announced that it has purchased 833 Million Shiba Inu tokens. Andrew Kigues, Tokens.com CEO commented: “We believe we are the first publicly

Another Leading DEX Is Choosing the Order Book Mechanism

Source Node: https://beincrypto.com/another-leading-dex-is-choosing-the-order-book-mechanism/
Time Stamp: November 5, 2021 3:57 AM - Modified On: November 5, 2021 - Published By:
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As the DeFi segment with the clearest application scenarios and the strongest demand, decentralized exchange (DEX) has always been attracting the most attention.Sponsored Sponsored It also embodies the greatest competitiveness as well as the strongest capital effect. Since its low and stable performance in the middle of last year, DEX’s total trading volume has grown rapidly, and the monthly figure peaked at $162.8 billion in May. Sponsored Sponsored Although it is still lagging behind the centralized exchange (CEX), its market size of hundreds of billions of dollars obviously can not