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Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
9.2.2023
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three...
Why are artificial intelligence tokens going parabolic? Watch Market Talks live
9.2.2023
Join us as we discuss the reasons behind the recent price rally of artificial intelligence tokens
Biggest Movers: LINK Moves to 3-Month Peak, as DOGE Drops to 10-Day Low
9.2.2023
Chainlink rallied to a three-month high during Thursday’s session, despite a red wave sweeping through cryptocurrency markets. Today’s surge came as the token broke out of a key resistance level. Dogecoin, on the other hand, was victim to today’s market sell-off, falling to a ten-day low in...
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
9.2.2023
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens
9.2.2023
Bitcoin dropped to a two-week low on Feb. 9, with prices falling below the $23,000 mark after a brief rally on Wednesday. Cryptocurrencies moved lower across the board, as uncertainty surrounding the state of the global economy impacted investor confidence. Ethereum also slipped, following a move...
Bitcoin Exchange LocalBitcoins to Close, Citing Market Conditions
9.2.2023
The Finnish exchange is set to close this month as it reacts to the "ongoing very cold crypto winter."
US banking giant BNY Mellon says digital assets are 'here to stay'
9.2.2023
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
8.2.2023
The proposed Spark Protocol will leverage Maker’s DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system
Biggest Movers: MATIC Moves to 10-Month High, ATOM Extends Recent Gains
8.2.2023
Polygon rose to its strongest point since last April, as prices rose by as much as 6% on Feb. 8. The token surged for a second straight session, after snapping a three-day losing streak on Tuesday. Cosmos also surged higher in today’s session, as it moved closer to recent highs. Polygon...
Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023
8.2.2023
Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while crypto assets such as bitcoin and ethereum saw gains of 30% or more in 30 days, privacy tokens like...
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,700, Fed Prepared to Maintain Rate Hikes
8.2.2023
Ethereum closed in on the $1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted...
Optimism sets in & points towards a Bull from a brutal Bear Crypto market
8.2.2023
As per a report that has been carefully prepared by CoinShares, there happens to be a general feeling of optimism where the overall crypto market is concerned. This would be after a supposedly long wait-and-watch period in the case of all concerned investors. In order to better substantiate their...
First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors
8.2.2023
ALSO: Stakeholders in the venture capital industry explain why embattled crypto trading firm Alameda Research will not be missed. Bitcoin and ether rise
Bitcoin Investors Are Back in Profitability – Does this Mean the Bear Market Capitulation Phase is Over?
7.2.2023
In wake of a month of explosive upside, “Bitcoin is consolidating above the on-chain cost-basis of several cohorts,” crypto analytics firm Glassnode said in their latest weekly on-chain newsletter. As a result, this has put “the average BTC holder into a regime of unrealized profit,...
NFT Market Share Battle Ramps Up Between OpenSea and Blur
7.2.2023
A side-by-side comparison between the two NFT marketplaces suggests that while Blur has seen rapid growth in NFT volumes, it is still lacking behind OpenSea in terms of number of sales and interacting wallets
Biggest Movers: GRT Hits Highest Point in 9 Months, LTC Snaps Losing Streak
7.2.2023
The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol’s native token have jumped by over 200% from 2022 lows. Litecoin was also higher today...
Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market
7.2.2023
As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds, as Bulls Reject Breakout of Key Support Level
7.2.2023
Bitcoin was trading in the green on Feb. 7, as prices rebounded following a near collision with a key support point. Bulls have so far rejected this move towards $22,500 and instead pushed prices higher. Ethereum also rallied, with prices continuing to trade above $1,600. Bitcoin Bitcoin (BTC)...
The Market Has Decided a Recession Is Coming, Says Mad Money’s Jim Cramer
7.2.2023
The host of Mad Money, Jim Cramer, says the market has already decided that the Federal Reserve “will tighten and create a recession no matter what.” Cramer also recently said that we are in a bull market, advising investors to buy the dip. Jim Cramer on Recession The host...
Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market — Predicts BTC Price Could Reach $1.48 Million
7.2.2023
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees...