Forex & Crypto & Fintech News

Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. The rains finally came for the crypto market, with every coin on the board soaking up the much-needed support that came from the bullish rally we’ve all been enjoying over the past few days. Out of all the alt-coins that have managed to hold onto their gains today as the downpour subsided, we can see that NEM stands out as the top performer amongst its fellow top 20 projects - still up nearly 5% and looking strong to continue its uptrend. Support continues to flow largely from Japanese and South Korean investors, accounting for more than 50% of NEM trades today, against their respective JPY and KRW currencies. After suffering catastrophic losses from the Coincheck hack, where over $500 million worth of XEM tokens were stolen due to the exchange’s poo...

Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. EOS is making a break for it, currently surging over 26% ahead of BTC on the back of new support from South Korean investors. At the time of writing, Upbit and Bithumb exchanges are collectively responsible for over 42% of EOS trades, against their native KRW currency. 

We’ve seen a lot of surging pump and dump behaviour from this particular nation before, namely the Bitcoin Cash and Ripple surges, where price actions ballooned by over 100% in their opening bull runs before harshly correcting.

This sporadic activity is difficult to chart as we could see these over inflated bull runs trigger irrational, and often emotional, buying behaviour within other crypto exchanges; as people hastily buy into these kinds of surging assets to make fast gains. Before...

Economists claim rise of Bitcoin in late 2017 was height of 'epidemic'; add that buyers have now become immune and market is unlikely to peak again. As per a group of analysts at Barclays Plc, the sudden boom in Bitcoin prices late last year closely resembles the spread of an infectious disease, and the current collapse may be owing to buyers having developed ‘immunity’ to the lure of the digital currency. According to the analysts, the increased speculation in the digital currency market during the latter half of 2017 was something akin to flu season, which is now starting to wear off, leading to the drop in prices. Bitcoin had a blinding bull run in 2017, when its price rose by more than 1,300%, shooting past $20,000 around Christmas time. However, it has since come crashing down, going as low as $6,600 and losing a huge chunk of its market cap. The analysts at Barclays, led by Joseph Abate, created a pricing model for the digital currency which is informed by terms ...

Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. XMR appears to be positioning well against BTC for a breakout, with the market starting to move in favour of the latest fork in the Monero blockchain.  In the 4hr chart above, we can see that XMR is attempting to exit the channel between strong support at 23,800 Sats and a well-tested ceiling at 26,000 Sats (0.286 fib level).  Having already failed the breach this resistance 4 times, many XMR hodl’ers will be hoping that the recent news will elevate bullish support for the alt-coin.  A good entry point for short-term investors lies between 24,400 Sats and the base support. This area has already been passed in the current trend, which is sitting well along the diagonal support (yellow dotted line) for now, but we could see bearish opposition inhib...

Stellar Lumens is showing promising signs of a reversal against its BTC pairing, having spent the past 4 months in a bearish channel. We saw it rebound well off the 0.618 fib support level at 2,600 Sats ($0.19 at current market value) around 6 days ago and now it’s attempting to break through the well-tested resistance at 0.5 fib level at 3,330 Sats ($0.25). This will be a key moment to observe when determining an entry point to buy; if trading volumes are too thin and XLM loses its momentum above the resistance, then we could likely see XLM return back to the support line beneath. You will want to hold out until the bullish breakout above the line is confirmed. There’s a lot of bullish sentiment gathering at the moment for XLM, with expanding Bollinger Bands showing promise after a week-long contraction phase. Expanding Bollinger Bands typically follow bullish breakouts and indicate high volatility as the asset gains support against the sellers.  We can also see a con...

The Verge (XVG) project continued to rally in expectation of the announcement of a partnership on April 16. XVG grew by more than 17% overnight, recovering to $0.045. The asset continued to climb despite the general weakness in overall markets, which saw Bitcoin hover below $7,000. The coin is up more than 12% in the past week, one of the rare weekly earners as other assets slid. But once again, the recovery is happening on very thin trading volumes, and nothing is certain at this point. What XVG has achieved was to climb to the 4-cents range, at least for now. In the coming days, the Verge project may rely a lot on the partnership news, and confidence may return at least temporarily. But XVG has also positioned itself as a speculative asset, and buying into the current trend may be risky. In the case of Verge, any signs of a price rise may be appealing, as currently most assets have been wiping out value. But beyond the planned efforts of the project, the fate of XVG, as we...

The Ethereum market price remains depressed, with further danger from ICOs cashing in. The Ethereum market price slid well below $400. ETH has since recovered slightly, but is still down more than 60% from its peak values. ETH lost more than 23 since last week, to $391.69. So far, the effect of  EOS  has been noticed, as the project continuously gathers ETH in daily auctions. The ICO will not need ETH for gas purposes in the future, and sells off some of the coins. But now, the crypto community is looking closely at projects. One of the projects that recently moved coins, presumably to sell, is Mysterium: ICO-Address-Monitor @ethicomonitor Mysterium ether balance has decreased from 38622.15 $ eth to 31122.15 $ eth => https:// etherscan.io/address/0x7e66 14722614e434c4df9901bab31e466ba12fa4  … 4:31 PM - Apr 1, 2018 4 See ICO-Address-Monitor's other Tweets Twitter Ads info and privacy The Mysterium project, aim...