Cryptocurrency & Blockchain breaking news

Following the recent price surge above $360 resistance on November 24, the Bitcoin Cash (BCH) uptrend has been terminated.

On November 24, Litecoin rallied to $94 high but could not continue the uptrend. LTC retraced to the $86 low and resumed consolidation between $84 and $90.

The existing interaction between banks and cryptocurrency companies is not the best so far, and there are little to no efforts being put in place to address this issue. Some central banks are giving orders to other financial institutions not to deal in cryptocurrencies including Bitcoin. Bans and warnings have been issued by banks to keep away from using or trading cryptocurrencies.

The Central bank of Lebanon (BoL) is planning to release its state-backed digital currency known as digital pound. The bank is now the latest financial regulator to embrace the roll out of a central bank digital currency CBDC. The official launch is planned for 2021.

On November 24, Ripple rallied to $0.78 high but pulled back to $ 0.70 low. The altcoin is repeating the price action of September 17, 2018. In that price action, the crypto rallied to $0.79 high.

Following its impressive bullish run and rally to $620 high, Ethereum faces strong selling pressure from the recent high.

Decentralized finance (defi) burst onto the scene in 2020, as investors rallied behind the enormous potential of peer-to-peer financial services.

Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.

Since November 20, the bulls have broken the resistance at $260 and $280. This bullish scenario has provided an enabling ground for the coin to achieve price acceleration.