Cryptocurrency & Blockchain breaking news

In this changing financial and economic environment, people are being forced to switch to cashless payments. Although most prefer to use traditional banking cards, some people prefer alternative means such as cryptocurrency. In fact, the interest in the latter is steadily growing, making users speculate it might replace bank cards over time.

For the past week, Ripple has continued to sustain an upward move after falling to a $0.17 low. The bulls ‘buy the dips’ and pushed the coin to $0.18 high.

Cardano is one of the most performing altcoins which has been consistent in its upward move. The coin has earlier reached a high of $0.09 but was resisted because it reached the overbought region.

The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.

Surprisingly, despite the break down on June 11, Chainlink (LINK) recovered as buyers attempted to break the resistance at $4.50.

Recently, Monero (XMR) encountered a breakdown while it was consolidating above the $64 support. The bears pushed the coin to $60 low and bulls responded abruptly.