Assets

Regardless of the transformation cryptocurrency has introduced in the payment and  transaction industry, digital assets are still facing resistance in some countries. A good number of governments have shown concerns of cryptocurrency threatening their traditional fiat currency,  finance and economy.

The price of Bitcoin (BTC) broke through the $45,400 overhead resistance, while the largest cryptocurrency asset rallied to a high of $47,162.

Bitcoin Cash (BCH) price is in a downward correction as the cryptocurrency asset is holding above the $280 support. BCH has resumed its upward movement after the altcoin retested the previous low at $280.

Recent years have passed under the sign of the coronavirus pandemic, which has had a significant impact on the global economy and the way of life of people in general.

Weld Money will integrate the new feature to allow the Hacken community to pay for goods and services using the HAI token. This integration stems from a partnership between Hacken and Weld Money established in September 2021.

The cryptocurrency industry is attracting more and more attention as the global population becomes more sophisticated. Different countries have different attitudes towards this emerging technology. While some of them are friendly, others remain reluctant. However, this does not stop people from taking an interest in digital assets.

Since the January 22 price collapse, most altcoins have reached the oversold regions of the market. Buyers have been unable to keep cryptocurrencies' prices above the overriding resistance levels. Consequently, these altcoins were forced to continue their downward correction.

The best performing altcoins are all in bullish momentum as they recover from oversold regions. As bulls buy the dips, the altcoins are attracting buying pressure on the downside of the charts. The uptrend will continue as the altcoins break through their respective current resistance levels.

Some of the altcoins have been moving positively from their various support levels, but have been unable to break through their next resistance levels. The cryptocurrencies were forced to move sideways and later fell down.