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Bitcoin Tests USD 22K, Ethereum Accelerates, XRP Clears Hurdle, MATIC and AAVE Rally
8.7.2022
Bitcoin price started a stronger increase above the USD 20,500 resistance zone and even climbed above the USD 22,000 level. It is currently (04:57 UTC) trading near USD 22,100 and is up 8% in a day and 13% in a week.
Similarly, most major altcoins started a decent increase. ETH was able to clear...
Bitcoin price surges to $21.8K, but analysts warn that the move could be a fakeout
8.7.2022
Traders rejoice after BTC price spikes 7% to $21,800, but analysts say the macro downtrend is likely to prevail for the foreseeable future
Market Wrap: Bitcoin Climbs Above $21K for First Time in a Week
7.7.2022
BTC recovered from an early dip below $20,000 to regain its perch above the psychologically important threshold
Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62%
7.7.2022
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92%...
Bitcoin and Ethereum Target Additional Gains, AVAX and ICP Accelerate
7.7.2022
Bitcoin is trying to increase its gains above the USD 20,000 zone and is currently (11:57 UTC) trading near USD 20,500. BTC is up almost 2% in a day and a week.
Similarly, most major altcoins are gaining pace. ETH is up over 4% and is eyeing a clear move above the USD 1,200 resistance. XRP...
DappRadar’s Q2 Industry Report Shows NFTs and Web3 Games Still Enduring Extreme Market Conditions
7.7.2022
DappRadar, the world’s dapp store that brings high-quality, accurate insights on decentralized applications, has published its Q2 Dapp Industry Report, which shows how NFTs and GameFi are a silver lining for the future of dapps amid the doom and gloom of emerging crypto winter. The report...
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...
During Crypto Market Volatility, The Role of Decentralized Oracles Is Vital
7.7.2022
The crypto market is having a nightmare in 2022. Bitcoin, the original cryptocurrency, continues to be a leading indicator for the industry. It peaked at more than US$68,000 (£55,600) in November 2021, when the total market value of cryptocurrencies reached nearly US$3 trillion. However, in recent...
Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan
7.7.2022
The crypto miner recorded gains in production in June, but higher electricity costs and falling bitcoin prices narrowed its margins
Bloomberg analyst tips bullish BTC recovery in next six months
7.7.2022
The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018
Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks
7.7.2022
The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. Bank of England Calls for Enhanced Crypto...
Bitcoin and Ethereum Inch Higher, SAND and RUNE Outperform
7.7.2022
Bitcoin price is trading well above the USD 19,500 support zone. BTC even tested the USD 20,500 level. It is currently (03:51 UTC) trading near USD 20,400 and is up around 2% in a day and a week.
Similarly, most major altcoins are also moving higher. ETH tested USD 1,200 while XRP is fluctuating...
Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market
7.7.2022
Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that...
Bitcoin price holds $20K, but analysts say ‘expect 6 months of sideways’ price action
7.7.2022
BTC bulls are holding $20,000, but most traders are confident that the price will remain range-bound for at least six more months
Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia
7.7.2022
Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russians...
Market Wrap: BTC Settles at $20K as Voyager Files for Bankruptcy
6.7.2022
BTC recovered from an early dip below $20,000 to regain its perch above the psychologically important threshold
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
6.7.2022
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed...
Bull or Build, There is No Bear
6.7.2022
Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3.
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It's easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme...
Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High
6.7.2022
SAND surged by as much as 12% on Wednesday, as prices moved to a ten-day high during the session. The rise comes as crypto markets were mostly in the green, with AVAX also rising over the course of the day. As of writing, the global crypto market cap is nearly 3% higher. The Sandbox (SAND) […]
Circle looks to reaffirm commitment to transparency as USDC market share soars
6.7.2022
"With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle's CTO