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Catching the Falling Knife: Bitcoin, Ethereum Down 50% From All-Time Highs — Billions Leave Crypto Economy
8.5.2022
The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower...
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...
Google Forms Web3 Team — Sees Tremendous Potential, Demand for Crypto Tech Support
8.5.2022
Google is establishing a Web3 team within its cloud unit, noting that “it is a market that is already demonstrating tremendous potential.” A Google executive explained: “We’re providing technologies for companies to use and take advantage of the distributed nature...
Biggest Movers: LUNA Falls to 6-Week Low, as ALGO Surges 15% on Saturday
7.5.2022
Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains. Algorand (ALGO) ALGO was easily one of the biggest gainers during...
Bitcoin, Ethereum Technical Analysis: ETH Remains Close to 6-Week Low to Start the Weekend
7.5.2022
Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitcoin BTC was once again trading lower on Saturday, as prices were battling...
Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
7.5.2022
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...
NFT market well-positioned to grow 35% into a $13.6B industry by 2027
7.5.2022
For the next five years, trends tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks
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...
Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
6.5.2022
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market
Market Wrap: Crypto Sell-Off Stabilizes Amid Bearish Sentiment
6.5.2022
Bitcoin (BTC) is down by 6% over the past week and appears to be stabilizing after Thursday's sell-off. Traders remain cautious, although some altcoins such as GALA have rallied
Biggest Movers: WAVES Drops 17% as NEAR, SOL, and AVAX Also Take Double-Digit Hits on Friday
6.5.2022
WAVES dropped by as much as 17% in today’s session, as crypto markets as a whole traded mostly in the red. SOL and NEAR were two notable tokens to fall in today’s session, with AVAX also falling by double digits today. WAVES WAVES dropped for a second consecutive session, as prices...
Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
6.5.2022
Ether could continue dropping against the U.S. dollar in a high interest-rate environment
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...
Georgia to Unveil New Cryptocurrency Law by This Fall
6.5.2022
Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the Georgian society this fall at the latest, a top central bank official announced....
Bitcoin Drops Below USD 36K, Ethereum Down 9%, Altcoins Keep Sliding
6.5.2022
Bitcoin price started a strong decline below the USD 40,000 resistance zone and settled below the USD 37,500 level to move into a bearish zone. It is currently (11:49 UTC) down almost 10% and is trading near USD 35,800.
Similarly, most major altcoins are gaining bearish momentum. ETH broke...
Bitcoin Extends Sell-Off Despite Luna Buying, Strong On-Chain Data
6.5.2022
Bitcoin (BTC) and other major cryptoassets fell sharply over the past day, as stock markets around the world reversed earlier gains to losses after the US Federal Reserve (Fed) raised rates by 50 basis points. The sharp fall came despite massive bitcoin buying by Luna Foundation Guard...
Russian Bitcoin Trading Remains Down on Binance
6.5.2022
Trading volume in the market for bitcoin (BTC) against Russian rubles (RUB) remains down on Binance after the exchange limited the activity of some Russian users last month.
As of Thursday this week, the 24-hour trading volume in the BTC/RUB pair on Binance stood at BTC 144, up slightly from...
Bitcoin and Ethereum Nosedive, All Top 100 Coins in Red
6.5.2022
Bitcoin price failed to continue higher above the USD 40,000 resistance zone and started a fresh decline below the USD 38,500 support. BTC is down 8% in a day and is currently (04:01 UTC) consolidating near USD 36,500. It is also down 8% in a week....
Read More: Bitcoin and Ethereum Nosedive...
Tumbleweeds blow through Coinbase NFT on its first day: Just $75K in volume
6.5.2022
After almost seven months and over 8.4 million emails on the waitlist Coinbase opened its NFT marketplace to the public but only recorded 150 transactions on the big day
Market Wrap: Cryptos and Stocks Fall, Luna Foundation Guard Accumulates Bitcoin
5.5.2022
Bitcoin (BTC) and stocks declined on Thursday. The market's risk-off tone has overwhelmed short-term price jumps, although The Luna Foundation Guard (LFG) continued to buy