XRP Price Struggles to Stay Afloat — Is a Breakdown Coming?
XRP price started a fresh decline from the $2.380 zone. The price is now moving lower and is currently at risk of more losses below $2.280. XRP price started a fresh decline below the $2.320 zone. The price is now trading below $2.3350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.305 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it dips below the $2.280 level. XRP Price Faces Hurdles XRP price found support at $2.2670 and recently started a recovery wave,....
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Litecoin is currently down 1.38 percent at $2.781 as the Bitcoin market registers a breakdown. As mentioned in the previous Litecoin price technical analysis No Trading Zone, market participants have their eyes now set on $2.700, the level which had acted as a support in the past. And further weakness in the Bitcoin market may lead to a breakdown kind of situation in Litecoin as well. Here are the latest technical points from the daily LTC-USD price chart. Litecoin Chart Structure - As can be seen, Litecoin remains capped under the influence of the 30-day simple moving average, the current....
Three key factors come into play when bitcoin mining companies are trying to not only be profitable, but just to stay afloat during bear markets.
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WikiLeaks founder Julian Assange has revealed in a new book that his organization managed to stay afloat thanks to "strategic investments" in bitcoin that helped the organization cover piling costs in financial and legal areas, The Daily Dot reports. WikiLeaks - much to the disapproval of world governments - is a journalistic outlet that publishes secret information. Its controversial work has led major financial institutions like PayPal, VISA, and MasterCard to block funds serving as donations, with an attempt to financially cripple the organization to its demise. Using bitcoin, however,....
Another fiat currency struggles to stay afloat as the Venezuela Bolivar looks to be in the throes of hyperinflation, which has been forecast for at least the last 18 months. Within black-market currency exchanges, the Bolivar has lost about 50% of its value versus the US Dollar in the month of November. In a sign of desperation, the nation-state has suspended reporting of their inflation rate for the time being. Also read: "BitPagos is Bringing Bitcoin to the Developing World". Will Venezuela Suffer Zimbabwe-levels of Hyperinflation? As you may know, inflation is a part of any fiat....