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Market Wrap: Is Bitcoin Breaking Down or Breaking Free?
8.6.2022
NEED TO UPDATE: Bitcoin (BTC) is trading around the $30K price level and appears to be in the mid-to-late stage of a bear market phase, according to some indicators. Meanwhile, some fund managers are hoping for a 10%-20% price jump to recover from last month's losses
Blockchain Games Strongest Category Amid Crypto Market Downturn
8.6.2022
Blockchain games is the category within crypto that has resisted the industry downturn the most, with activity still being up 197% year-over-year, DappRadar’s Industry Report for May shows.
The sector’s resilience is clear despite a drop in the number of game transactions of 5% in May compared...
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
8.6.2022
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology....
New Luna Token Down Almost 90% From Its All-Time High and Keeps Trending Lower
8.6.2022
LUNA, the native token of the new Terra blockchain, has fallen consistently in the market since seeing an initial spike on its first day of trading, with industry observers keep questioning whether the attempt to revive Terra will work....
Read More: New Luna Token Down Almost 90% From...
Biggest Movers: LINK Remains Near 1-Month High, as ADA Extends Bull Run
8.6.2022
LINK remained close to a one-month high earlier in today’s session, as crypto markets shook off some of Tuesday’s volatile moves. Although price volatility remained, bulls returned to show force, with ADA continuing to climb higher this week. Chainlink (LINK) LINK was trading around...
Bitcoin Historical Performance is No Guide for the Future in 2022
8.6.2022
May turned out to be yet another disappointing month for bitcoin (BTC), despite promising predictions based on its historical performance. So, with that in mind, how reliable really are historical patterns for the price of bitcoin today?
Using crypto exchange Kraken’s monthly market outlook...
Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000
8.6.2022
Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher. Bitcoin The volatility in crypto...
Bitcoin and Ethereum Still Range-Bound, LINK and THETA Outperform
8.6.2022
After dropping from USD 31,500 to USD 30,000 earlier today, bitcoin somewhat recovered and is currently trading near USD 30,500 again. BTC is up 3% in a day and down 4% in a week.
Similarly, most major altcoins are facing key hurdles. ETH failed to stay above the USD 1,850 resistance zone....
Citi Says Crypto Market Volatility Has Affected User Adoption
8.6.2022
Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said
Indian Regulator: Crypto’s Decentralized Nature Makes Regulation Challenging
8.6.2022
India’s market regulator, the Securities and Exchange Board of India (SEBI), says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging. SEBI on Crypto Regulation The Securities and Exchange Board of India (SEBI) reportedly told...
Bitcoin and Ethereum Enter Roller Coaster Mode, ADA and LINK Jump
8.6.2022
Bitcoin price formed a base above USD 29,500 and started a fresh increase. It briefly touched USD 31,500 and dived again. BTC is currently (04:00 UTC) trading near USD 30,000 and is up over 1% in a day and down 6% in a week....
Read More: Bitcoin and Ethereum Enter Roller Coaster Mode, ADA...
LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking
8.6.2022
LINK price broke its downtrend and rallied to $9 after the developers released a roadmap and announced that Chainlink 2.0 includes token staking
Bitcoin price recovers $31.5K, but traders say ‘scam’ price action will bring more downside
7.6.2022
BTC price rallied back to a strong resistance level at $31,500, but traders caution that another whipsaw is the most likely outcome
Market Wrap: Bitcoin Close to $30K as Investors Search for a Bottom
7.6.2022
Bitcoin (BTC) is trading around the $30K price level and appears to be in the mid-to-late stage of a bear market phase, according to some indicators. Meanwhile, some fund managers are hoping for a 10%-20% price jump to recover from last month's losses
Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action
7.6.2022
SOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. Following a strong start to the week, markets turned red, with AVAX being another token to fall victim to the latest red wave. Solana (SOL) SOL was back in the red on Tuesday, as today’s sell-off...
Ethereum 2.0 vs. the top Ethereum killers|The Market Report
7.6.2022
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss Eth2 and how it compares to the competition
'Strongly Profitable' FTX Will Keep Hiring Despite Bearish Market - CEO
7.6.2022
Crypto exchange FTX is not going to slow down hiring new employees despite the adverse market conditions, because the company finds it significantly scaled its revenues and productivity during bullish times -- and is pursuing its hiring plans irrespectively of the industry's general performance...
Bitcoin, Ethereum Technical Analysis: ETH Plunges Below $1,800 as Red Wave Intensifies
7.6.2022
Following a move towards $32,000 to start the week, BTC was fighting to stay above $29,000 during Tuesday’s session. The red wave which captured bitcoin bulls, also overcame ETH, pushing prices nearly 8% lower, as of writing. Bitcoin Following a strong start to the week, bitcoin was once...
Bitcoin and Ethereum Struggle to Recover, BNB and SOL Dive
7.6.2022
Bitcoin price declined below the USD 30,000 support zone and even spiked below the USD 29,500 level before recovering. It is currently (11:36 UTC) consolidating losses above USD 29,500 and is down 6% in a day and 7% in a week.
Similarly, most major altcoins might extend losses. ETH could...
Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
7.6.2022
According to the chairman, the central bank will decide on implementing its own digital currency by the end of 2022