The cryptocurrency market has resumed its downward correction as altcoins are set back from their previous highs. This came after the BTC price fell to its recent high on February 17.

The latest report suggests cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion in 2021, which amount was doubled to 2020, according to Chainalysis. (Read More)

The price of Cardano (ADA) has resumed its downward correction as the price falls below its moving averages.

The Baby Doge price took a sudden turn from the $0.0000000025 on January 21st resistance, which tumbled it by 42%. The token price has fluctuated in a narrow range over the past few weeks and has recently dropped below the $0.00000000359 support level. Sustaining the selling pressure, the memecoin would sink to the $0.0000000025 mark.

The post BabyDoge Price Analysis: Range Breakdown Could Lead BabyDoge To $0.0000000025 Support; Shall You Buy? appeared first on CoinGape.

Chainlink (LINK) resumed its downward correction after bulls failed to keep it above the $19 high. On February 7, the bulls broke through resistance at $18 including the 21-day moving average line.

Ethereum (ETH) has yet to develop bullish momentum as it has failed to break above the 50-day moving average line.

Ripple (XRP) has risen above the moving averages, ending the downward correction. The price of the cryptocurrency has also broken the resistance line of the descending channel. This means that the downward trend has ended.

BofA says Bitcoin is not a good store of value or inflation hedge as…

The post Bitcoin is more of a risk asset than an inflation hedge, Bank of America says appeared first on Coin Journal.

Virtually all cryptocurrencies, including the biggest losers, have regained bullish momentum as altcoins rally. The performance of the losers indicates that they are posting minimal losses or minimal gains.

How to Make a Cryptocurrency Investment Although Bitcoin is a risky investment, there are techniques to mitigate your risk. The Bitcoin (CRYPTO: BTC) craze is...