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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...
Ethereum Classic Declines; Will ETC Go Below March 2021 Levels?
5.7.2022
Ethereum Classic has been surrounded by controversy that led to the birth of the hard fork ETH, which now ranks as the second-largest cryptocurrency network offering multiple services. Despite ETC offering similar advantages, it has failed to replicate the success of its hard fork rival. In...
Tether continues to reduce commercial paper in sharp reduction since March
1.7.2022
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far
XRP Takes Support From March 2020 Levels; Downtrend Halted?
16.6.2022
XRP, the Ripple Labs flagship child, now has faced a huge negative momentum. The ups and downs seen on XRP haven’t yet been mindboggling since the token had failed to create a new all-time high despite the bullish momentum seen on all cryptocurrencies. XRP made its all-time high of $3.84 in January...
Bitcoin price needs to close above $29,450 for its first green weekly candle since March
5.6.2022
It's touch-and-go for BTC bulls this Sunday with a tenth red weekly candle still at stake
This classic Bitcoin metric is flashing buy for first time since March 2020
2.6.2022
The "Investor Tool" is now telling the market that "outsized returns" are due for anyone who buys Bitcoin now
Bitcoin price bottom signals flash as 'fear and greed' index matches March 2020 lows
25.5.2022
On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out
Analysts note parallels with March 2020: Will this time be different?
18.5.2022
Analysts across crypto and traditional stocks have taken notice of the similarities between what happened in March 2020 and market moves so far this month
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
17.5.2022
Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have...
Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K
17.5.2022
Deja vu for BTC versus market sentiment, as conditions mimic the weeks after the March 2020 COVID-19 crash
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining
7.5.2022
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show...
Bitcoin, Ethereum Technical Analysis: BTC Falls to 2-Month Low Following the Latest NFP Report
6.5.2022
Bitcoin fell to its lowest level in over two months, as Friday’s non-farm payrolls report showed an addition of 428,000. It was expected that last month’s payrolls would show an increase of 391,000 jobs — lower than March’s figure of 431,000. ETH also fell on the news...
Cardano price drops to level that sparked a 65% ADA rally in March — will history repeat?
3.5.2022
Strong ADA accumulation among whales is also in progress, according to on-chain data
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
2.5.2022
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than...
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
1.5.2022
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value...
World Bank Predicts 3% Gold Price Growth, Expert Says a $3K per Ounce ‘Is More Likely Than Not’
30.4.2022
The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if the Russian central bank decides to offload large quantities of the commodity. The Russian Factor After the price of gold surged past the $2,000 mark in early March, a new […]
Binance Extended Crypto Exchange Dominance in March
25.4.2022
Binance, one of the world’s leading cryptocurrency exchanges, captured 30% of spot volume market share in March
Bitcoin sets up lowest weekly close since early March as 4th red candle looms
24.4.2022
It's touch and go as to whether BTC can avoid its first four weekly candles in the red since June 2020
Metrics Show Decentralized Exchange Volumes Continue to Slide This Year
22.4.2022
Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this...
Biggest Movers: APE up Almost 30%, ZIL and AAVE Among Wednesday’s Big Gainers
20.4.2022
APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains. AAVE AAVE was up by nearly 10% in today’s session, as prices rallied...