- XTZ/USD is currently sandwiched between SMA 20 and SMA 50 curves.
- Tezos investors won a $25M lawsuit regarding the legal status of the firm’s $25M ICO.
XTZ/USD daily chart
XTZ/USD bulls have stayed in control of the market for the second straight day and the asset is presently trading for $3.45. The buyers will be aiming for the $4-mark as Crypto Michal as previously pointed out.
$XTZ #TEZOS
— Crypto Michaël (@CryptoMichNL) September 1, 2020
Still going as we want it to be going. Expecting a breaker to $4 quite soon. pic.twitter.com/HL0KfkALHL
The Elliott Oscillator has had two straight green sessions, while the William’s %R is trending along in the neutral zone. XTZ/USD faces strong resistance at $3.60 (SMA 20), $3.70 and $4.10. On the downside, we have healthy support at $3.37 (SMA 50), $3.25 and $2.90.
Tezos investors win lawsuit
A long-running lawsuit that suggested that Tezos’ record-breaking $232 million ICO (initial coin offering) was an unregistered securities sale has been officially settled in court. The project’s founders Arthur and Kathleen Breitman agreed to settle the case this Friday.
As per the couple’s representative, the Tezos Foundation paid the entire $25 million settlement amount. Lead plaintiff Trigon Trading claimed that the settlement saved a lot of time for both the parties involved and the court since it mitigated the need for all the subsequent research work that would have been needed to determine the actual regulator status of Tezos’ offerings.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.