Cryptocurrency & Blockchain breaking news

To many Bitcoin Investors and enthusiasts, the US Securities and Exchange Commission is a significant barrier to Bitcoin mainstream status.

For the past week, the price movement has remained the same as the market continued to fluctuate between $480 and $600. The bottom line is that the BNB uptrend has been interrupted at the $643 resistance level. The first uptrend was resisted on April 12 as the altcoin pulled back and resumed a sideways move.

Bitcoin is regarded as the leading cryptocurrency and is seen by many as the most profitable. Many companies have begun accumulating bitcoin, with Tesla recently purchasing vast amounts of bitcoins.

On April 20, Bitcoin bulls failed to overcome the resistance at $57,000. Consequently, the BTC price slumped to $54,500 low. Buyers responded by pushing the BTC price to the previous highs. The upward correction was repelled at the $56,500 high.

The E-Commerce Industry has seen tremendous growth in the past years. Despite the COVID-19 outbreak that was believed to bring the sector to its knees, many businesses and customers have shifted towards e-commerce, resulting in the exponential growth of a digital ecosystem. This emerging growth in the industry is expected to accommodate the need of millions and millions of users to buy and sell seamlessly over online platforms.

On April 21, the Singaporean Blockchain Association signed a memorandum of understanding with five other countries across the Southeast Asian and Pacific regions. The aim was to create a consortium and promote education on blockchain and decrease cautiousness about cryptocurrency.

Cardano has been retracing for the past week after buyers pushed ADA to the overhead resistance zone. After retesting the resistance the altcoin fell to $1.05 low.

No trader is immune from risks and losses when trading cryptocurrencies. Investors have to put up not only with the high volatility of coins, but also with the various fees that crypto exchanges charge. If someone doesn’t correctly plan out their trades, then the cost of commissions can quickly absorb a significant portion of profits.

Since April 17, Bitcoin Cash has continued to slump down after each correction on the upside. BCH/USD has resumed a downward move after buyers failed to push BCH above the $1,216 peak price.