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‘Big Short’ Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash
17.8.2022
Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its stock holdings in the second quarter, according to the firm’s filing with the U.S. Securities and Exchange Commission (SEC). Burry, famed for forecasting the 2008 financial crisis, has predicted...
Market Wrap: Bitcoin's Price Retraces Again, Breaks Below Trendline
16.8.2022
Bitcoin declines for third consecutive day, on below average volume. Bitcoin (BTC) declined 1% on Tuesday, marking the second consecutive day of declines for the largest cryptocurrency by market capitalization. Ether’s (ETH) price fell 1.1%, reversing gains made overnight. The second-largest...
Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company
16.8.2022
Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.” Hodlnaut Updates Customers...
Biggest Movers: DOGE Races to 3-Month High, XMR Hits Strongest Price Since June
16.8.2022
Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process. Dogecoin (DOGE) Less...
USDT market cap up by $2 billion following Tornado Cash debacle
16.8.2022
Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy
16.8.2022
Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by less than expected, heightening concerns of an upcoming global recession. Bitcoin...
Bitcoin and Ethereum Stuck In Range, DOGE Resumes Rally
16.8.2022
Bitcoin price is trading in a range near the USD 24,000 pivot level. BTC seems to be struggling to gain pace for a move above USD 24,500. It is currently (11:20 UTC) showing a few positive signs and might attempt a fresh increase if there is no downside break below USD 23,500....
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US Dollar Strong Market Performance Brings Down the Euro Prices
16.8.2022
The previous week witnessed the gold prices rising in almost every trading session. At the start, the volatility was low since investors were waiting for the US inflation data to be released by the Federal Reserve. Since the gold prices were rising, traders assumed a slowdown in US inflation...
FSInsight: Ether May Well Surpass Bitcoin’s Market Cap in Next 12 Months
16.8.2022
If the blockchain’s Merge occurs as planned, the ether issuance rate will drop and daily selling pressure will reduce, the research firm said
Bitcoin and Ethereum Consolidate Near Key Supports
16.8.2022
Bitcoin price is trading near the USD 24,000 pivot level. BTC is still above the USD 23,500 support zone. It is currently (04:00 UTC) consolidating and might start another increase unless there is a clear move below the USD 23,500 support.
Besides, most major altcoins are consolidating near...
Bitcoin price corrects after hitting a wall at a multi-month descending trendline
15.8.2022
“Up only” Bitcoin and Ethereum take a breather after encountering resistance at a stiff multi-month descending trendline
Market Wrap: BTC Not Quite Ready to Stay Above $25K
15.8.2022
Bitcoin (BTC) briefly broke through the psychologically significant $25,000 mark in overnight trading, before paring those gains during U.S. trading hours. The largest cryptocurrency by market capitalization reached as high as $25,212 early in the U.S. trading day before retreating to its current...
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash
15.8.2022
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses...
Biggest Movers: SHIB Remains Near 3-Month High, Whilst LEO Hits 2-Week High
15.8.2022
Shiba inu remained close to a three-month high to start the week, after breaking out of a key resistance level over the weekend. The surge of the meme coin came despite the crypto market mostly being in the red on Monday. Another token that rose during today’s bearish session was unus...
Bitcoin, Ethereum Technical Analysis: BTC Lower, Following Brief Rally Above $25,000
15.8.2022
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above...
Celsius Coin Report Reveals USD 2.8BN Crypto Shortfall
15.8.2022
A newly released report from the troubled crypto lender Celsius (CEL) shows that the company is short on its crypto obligations to customers by around USD 2.8bn.
According to the report, Celsius has a net coin position of negative USD 2.845bn, split between coins such as bitcoin (BTC), ethereum...
Bitcoin and Ethereum Correct Gains, Key Support Intact
15.8.2022
Bitcoin price attempted another upside break above the USD 25,000 resistance but failed. BTC formed a short-term top and corrected lower below USD 24,500. It is currently (11:30 UTC) showing a few negative signs, with major support at USD 23,500.
Besides, most major altcoins are correcting lower....
Most Popular Dog Coins Rise for 4 Consecutive Weeks, as Major Shiba Inu Development Nears
15.8.2022
Meme coins like shiba inu (SHIB) and dogecoin (DOGE) are on the rise in the market, with SHIB, in particular, standing out as the third-best performer among the top 100 cryptoassets by market capitalization over the past week.
At press time (09:25 UTC) on Monday, SHIB traded at USD 0.001569,...
Bitcoin and Ethereum Signal Bullish Continuation, SHIB Rallies 30%
15.8.2022
Bitcoin price remained well bid above the USD 24,200 support zone. BTC even climbed above USD 24,500 and tested USD 25,000. It is currently (04:00 UTC) consolidating and eyes more upsides above the USD 25,000 level.
Besides, most major altcoins are showing positive signs. ETH surpassed USD 2,000...
Scaramucci highlights key factors why crypto market will soon recover
15.8.2022
Anthony Scaramucci cited the Merge, improving macro indicators such as waning inflation, key business partnerships and pumping crypto prices as reasons for his optimism moving forward