Author: Nancy Lubale

Ethereum (ETH) ended its multi-month downtrend when it rallied 13% from the June 19 opening at $1,720, breaking above the $1,800 psychological level to set a swing high at $1,889 on Thursday. The recovery has inspired positive sentiments among crypto investors, with Bitcoin (BTC) finally returning to $30,000. The sudden surge in crypto prices has been attributed to news of spot Bitcoin ETF filings by large financial institutions like Wisdom Tree and Blackrock. Ethereum price gains momentum as $2,000 Remains Elusive Ethereum price is up 16% from June 15 lows around $1,617 and 12.95% over the last week, according to…

Bitcoin (BTC) soared past the $30,000 mark on Wednesday to brush shoulders with $31,000, marking the big crypto’s highest levels in over two months. This is a sign of resilience against short sellers who appeared to be in control of the price over the past few weeks. As the second quarter of the year nears its end, BTC makes an impressive comeback and is likely to push higher. Many Bitcoin enthusiasts expect the price to smash the all-time highs above $69,000 to reach the much coveted $100,000 milestone in 2023. The Fear and Greed Index reads “Greed” for the second…

Ripple (XRP) was the focus of the crypto market on Wednesday as market participants waited for the unsealing of the now famous Hinman documents in the ongoing case between Ripple Labs and the US Securities and Exchange Commission (SEC). Traders expected the event to have a bullish impact on the XRP price. They were disappointed as the price of the remittance’s token took a bearish turn after investors found out that there was no “bombshell” in the SEC documents that could significantly turn things in favor of Ripple in the case. Ripple Price Turns Down Hopeful Traders XRP price fell…

Litecoin (LTC) appears ripe for a rally after a sharp drop that started on June 4. LTC, just like all other major cryptos, has been sealed in a bearish trend, but appeared to survive the recent brunt by the US Securities and Exchange Commission (SEC) on crypto prices. Note that Litecoin features among the proof-or-work tokens that were missing from the financial regulator’s “securities” list. Litecoin Price Readies For A Recovery LTC is down 14% over the last 30 days and trades 20% below the June 1 opening. Nevertheless, the Bitcoin fork is up 79% over the last one year…

Altcoins record double-digit losses on the weekly time frame after the US Securities and Exchange Commission (SEC) brought lawsuits against the world’s two largest crypto exchanges Binance and Coinbase last week. The good news is that Bitcoin (BTC) has held its ground above a key support level, suggesting investors’ optimism in the big crypto. In the two cases, the SEC listed several cryptocurrencies it considers securities, bringing to 67 the total number of digital assets the agency terms as securities. As a result, prices of the top-cap non-stablecoin cryptos went on a downward spiral in the course of last week…

The United States Securities and Exchange Commission (SEC) listed Solana (SOL) among the tokens identified as securities in a court filing against Binance on Monday. As expected, the markets reacted negatively, triggering a 14.8% retracement in Solana’s price to the current levels just above $18.5. The technical set up paints a grim outlook with losses to $10 coming into the picture. Solana Bulls Fight To Hold $18 SOL has been one of the worst-hit cryptocurrencies in the top 10 global crypto rankings this week. This is because SOL was among the 19 cryptos specified by the SEC as securities in…

Ethereum could continue bleeding under the effects of the US Securities and Exchange Commission’s (SEC) actions, but in the meantime, network and derivatives data suggest that the altcoin is strong above $1,800. The news of the SEC suing two of the world’s largest cryptocurrency exchanges Binance and Coinbase saw Ether’s price drop to seek solace from the 100-day Simple Moving Average (SMA) which was sitting at $1,809 on Monday. Bulls are glad that the price of the proof-of-stake (PoS) token did not breach the $1,800 psychological level. Let us look at Ethereum’s price action, on-chain metrics and other factors that…

Cryptocurrencies recovered on Tuesday after the United States Securities and Exchange Commission brought a lawsuit against Coinbase, the largest crypto exchange in the country. This was the second lawsuit by the regulator in less than two days after suing Binance on Monday and referred to multiple cryptos as unregistered securities. Bitcoin climbed 7%, reclaiming the $27,000 support level to reach a high of $27,368 on Tuesday. Earlier, it fell as low as $25,351, its lowest level since March. Ether gained nearly 5% to trade at $1,896. At the time of writing, the big crypto is still leading the gains among…

Binance Coin (BNB) is heavily bearish on Tuesday, dropping 10% over the last 24 hours as an already negative market was filed by the US Securities and Exchange Commission’s (SEC) legal action. The regulatory agency sued the largest cryptocurrency exchange in the world and its Chief Executive Officer for allegedly operating a “web of deceptions.” The latest SEC blow brought BNB price to a multi-month low around $272 as investors sold in panic. The ripple effects were felt across the board with the big crypto dropping to three month lows toward $25,500. Ether is also trending low, losing 3.14% of…

XRP is flashing green in a sea of red during the week opening on Monday. Crypto prices are bearish across the board with Bitcoin (BTC) trading at $26,784, down 1.36% over the last 24 hours. The second largest cryptocurrency by market capitalisation, Ethereum (ETH) is also trading in the red at $1,871 after dropping 1.5% over the last day. Ripple is the only non-stablecoin crypto among the top 10 assets that is not turning down. The price of the cross-border remittances token is up 2.15% over the last 24 hours to trade at $0.5349. Top 10 Cryptos The positive sentiment…