Crypto Exchange Poloniex Adds Support for USDT on Tron Blockchain

Major cryptocurrency exchange Poloniex will support Tether’s stablecoin USDT coin on the Tron (TRX) blockchain, according to an announcement published on April 19. United States-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT on the Tron network. The development will reportedly support Tether on both chains —  USDT issued on the Omni protocol and the Tron network. Poloniex said in the announcement that its decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support…

Bitcoin Clings on Above Key Support Amid Signs of Price Pullback

View Bitcoin suffered a rising wedge breakdown, or bearish reversal, on the hourly chart earlier today. The bearish view, however, has been neutralized by the quick bounce from the key support near $5,170. Acceptance below $5,170 would confirm a head-and-shoulders breakdown on the hourly chart and open the doors to $5,000. A close below $4,912 on Sunday would validate the previous week’s doji candle and allow a deeper price pullback. Bitcoin could challenge the recent high above $5,450 if sellers again fail to keep prices below $5,200. Bitcoin’s (BTC) three-day…

Bitcoin (BTC) Holding Crucial Support: Fresh Increase Likely

Bitcoin price climbed further above $5,300 before topping near the $5,330 level against the US Dollar. The price corrected lower below $5,300 and $5,255 support levels. There was a break below yesterday’s discussed ascending channel with support at $5,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is still trading nicely above the key $5,180 and $5,160 support levels. Bitcoin price corrected lower towards key supports against the US Dollar. BTC is likely to bounce back above $5,300 as long as it is trading…

Ethereum (ETH) Price Holding Uptrend Support And Could Bounce Back

ETH price traded further higher above the $175 resistance, but failed to hold gains against the US Dollar. The price corrected lower sharply and tested the key $169-170 support area. There is a crucial bullish trend line formed with support at $169 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to bounce back as long as it is trading above the $168 level and the 100 hourly SMA. Ethereum price climbed to new weekly highs versus the US Dollar, following bitcoin increase. ETH spiked…

Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries. In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. According to the exchange, the enablement of crypto-to-crypto conversions will serve as “the backbone of this new decentralized economy.” The new feature will be available to Coinbase.com and Coinbase Pro users in 11 additional nations within Southeast Asia and Latin America. These countries include New Zealand, Peru, Mexico, South…

Expanding crypto-to-crypto support to more countries around the world

By: Linda Xie, Coinbase Pro; Dan Coffman, Consumer Trading Introducing crypto-to-crypto conversions and trading to more countries through Coinbase and Coinbase Pro One year ago, Coinbase served customers in 32 countries across two continents. Over the past 12 months, one of our main priorities has been to bring Coinbase services to people in all corners of the globe. Today we’re excited to welcome 11 more countries across Latin America and Southeast Asia to the cryptoeconomy by allowing customers to store, trade, send, and receive cryptocurrencies on Coinbase Pro and Coinbase.com — increasing…

Crypto Market Near Decisive Support: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

The total crypto market cap is currently above the key $160.0B support area. Litecoin (LTC) price is down more than 5% and it recently broke the $80.00 support zone. Bitcoin cash price performed really well after BSV was delisted from binance. EOS price failed to hold gains and traded below the $5.45 and $5.40 support levels. Stellar (XLM) price is correcting lower and it is likely to test the $0.1100 support area. The crypto market cap is near a crucial support near $160.0B, If its holds, there could be a…

Ethereum (ETH) Price Approaching Significant Support

ETH price started a downside correction after testing the $188 level against the US Dollar. The price declined below the $174 and $165 support levels to move into a short term bearish zone. There is a crucial bullish trend line forming with support at $155 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could decline further towards the $155 support before it could bounce back. Ethereum price started a major downside correction versus the US Dollar and bitcoin. ETH is currently under pressure and it seems…

Bitcoin Drops Back to $5K Price Support After Failed Breakout

Bitcoin (BTC) has fallen back to support at $5,000 after a failed breakout Wednesday. The number one cryptocurrency by market valuation made a strong bullish break from an ascending triangle pattern yesterday evening at 18:00 UTC, reaching a peak of $5,488 on the Coinbase exchange. However, that move was quickly rejected and an increase in selling pressure on today’s open laid the pathway for bitcoin to slide, first to $5,200 overnight, then quickly to $5,018 soon before press time. At press time, bitcoin is trading at $5,068, down over 3…

Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies

Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar. The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250. There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is clearly trading in a bearish zone and recovery could face sellers near $0.3260 or $0.3320. Ripple price declined heavily below key supports against the US Dollar and bitcoin. XRP remains…