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Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish
10.2.2023
Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today. Solana (SOL)...
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Sell-off Worsens
10.2.2023
Bitcoin moved below $22,000 on Friday’s session, as sentiment in cryptocurrency markets remained bearish. Volatility in markets has risen in recent days, following comments from U.S. Fed Chair Jerome Powell, who hinted at ongoing rate hikes. Ethereum also dropped, falling under $1,600....
LocalBitcoins to Shut Down After 10 Years Amid Challenging Market Conditions
10.2.2023
Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years citing the ongoing bear market.
In a recent posting on its website, the exchange said it would be shutting down in the coming weeks due to tough market conditions. The platform said they...
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank
10.2.2023
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess...
Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market
9.2.2023
The miner's revenue for the first quarter was $27.8 million, just shy of analyst estimate of $29.5 million, according to FactSet data
Ethereum NFT collections lost nearly 60% of their market cap in 2022: Report
9.2.2023
NFTs felt the influence of bad actors and market manipulators in 2022, like the rest of crypto; NFTs launched after the start of the crypto winter did better
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