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Here’s what the latest Bitcoin price correction reveals
23.8.2023
The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure
Sui Price Prediction as SUI Becomes Best Performer in the Market – What's Going On?
23.8.2023
The Sui price has jumped by 6.5% in the past 24 hours, with its rise to $0.580678 easily outperforming the wider cryptocurrency market, which has barely moved today.
SUI is now up by 5% in a week, although the utility token is actually down by 12% in the past month, and by 73% since reaching...
Shiba Inu Price Prediction as SHIB Outperforms the Market – Time to Buy?
23.8.2023
The price of Shiba Inu (SHIB) has gained by a healthy 3.5% in the past 24 hours, with its move to $0.00000827 coming as the cryptocurrency market as a whole dips very slightly today, by 0.2%.
SHIB remains down by 16% in the past week, with its rally today coming as a much-needed correction...
Market sentiment and Ethereum’s price: Bulls vs. Bears
23.8.2023
Ethereum co-founder Vitalik Buterin made a noticeable move on Monday, August 21. He transferred 600 ETH, which is worth about $1 million, to a Coinbase exchange wallet. This wallet belongs to his Ethereum Name Service pseudonym, Vitalik.ETH. Currently, the wallet holds 3,935 ETH, valued at around...
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence
22.8.2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for...
Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?
22.8.2023
Meme coins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps?
Biggest Movers: MATIC 5% Lower on Tuesday, Hitting a 2-Month Low
22.8.2023
Polygon was one of the biggest movers in crypto markets on Tuesday, as the token fell by over 5% in today’s session. The decline saw the token fall to its weakest point in two months, breaking out of a key support point in the process. Cardano was also in the red today. Polygon (MATIC)...
Crypto Exchange EDX Markets Taps Anchorage as Custody Provider
22.8.2023
Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year
Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence
22.8.2023
After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have decreased by $1.74 billion in value over nine days....
Analysis Suggests Bitcoin’s 2024 Halving Could Propel Price to $400,000
22.8.2023
The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand for bitcoin. The report highlights how a dynamic...
Revolutionizing Crypto Trading: KyberSwap Introduces KyberAI – The Leading AI-Driven Crypto Trading Tool
22.8.2023
KyberSwap, a leading decentralized exchange has unveiled KyberAI, a suite of AI-powered crypto tools poised to reshape how traders navigate the dynamic landscape of decentralized finance. KyberAI was developed to address the pressing need for predictive insights in the crypto market, offering...
Bitcoin, Ethereum Technical Analysis: BTC Falls Briefly Below $26,000, as Sentiment Remains Weak
22.8.2023
Bitcoin fell below the $26,000 level on Tuesday, as sentiment in the cryptocurrency market remained bearish. The latest drop comes despite price being oversold, following recent declines. As of writing, the global market cap is down 0.42%. Bitcoin Bitcoin dropped marginally below the $26,000 level...
Forex Expo is happening in Dubai with 130+ companies in the financial market
22.8.2023
The 6th edition of the largest trading gathering for Financial Enthusiasts, Forex Expo Dubai (FED), will be held at World Trade Centre, Dubai, on September 26-27, 2023, featuring more than 130 sponsors exhibiting their services. Forex Expo has grown significantly with Dubai-based event organizer...
Indian Crypto Exchange CoinDCX Lays Off 12% of Staff Citing Prolonged Bear Market and TDS
22.8.2023
Indian Crypto exchange CoinDCX, backed by Coinbase Ventures, fired 12% of its workforce on Tuesday, citing ongoing macroeconomic conditions and the TDS on crypto transactions.
The company clarified that it is the first time CoinDCX is laying off employees. Earlier in Jan, it announced an internal...
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
22.8.2023
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...
Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll
22.8.2023
As many as 71 people are losing their jobs
Market Strategist Draws Parallels Between Bitcoin and 1930 Stock Market Crash
22.8.2023
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has explained that bitcoin appears similar to the stock market in 1930. At that time, elevated equity prices led to the stock market losing almost 90%. The crash of 1929, also called the Great Crash, contributed to the Great...
Bitcoin Bears Eye Retest of Key $25,000 Support – How Far Might the BTC Price Fall?
21.8.2023
After last week’s sharp 10.5% decline, which marked Bitcoin (BTC)’s worst weekly performance so far this year, the BTC price has largely settled on Monday.
Bitcoin was last moving sideways within thin ranges on either side of $26,000 as traders look ahead to the upcoming week....
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Biggest Movers: LTC, ETC Rebound on Monday, Despite Bearish Sentiment
21.8.2023
Litecoin was back in the green to start the week, despite the crypto market continuing to trend mostly lower. At the time of writing, the global market cap is down 0.59%, following a recent red wave. Ethereum classic also climbed higher on Monday, hitting a four-day high in the process. Litecoin...
Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market
21.8.2023
The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch