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Bitcoin, Ethereum Technical Analysis: ETH Climbs to $3,500 to Start the Weekend
2.4.2022
ETH rose to its highest level since the start of January to begin the weekend, as prices rose following yesterday’s consolidation. BTC also rallied, however remains below this week’s high of over $48,000. Bitcoin Although BTC started the weekend trading below this week’s high...
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%
2.4.2022
A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested that an increase of 10% in the crypto market cap causes the market value of “African micro-entities” to drop by 0.76%. Crypto Market Growth Hurts Less Competitive Sectors According...
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says
2.4.2022
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia...
Bitcoin recovers the $46K level, but several factors could prevent a stronger breakout
1.4.2022
Traders say BTC is following the expected trajectory, but several macroeconomic factors and geopolitical tensions remain a threat to Bitcoin hitting a new all-time high
Market Wrap: Bitcoin Rebounds Amid Lower Volatility, Altcoins Outperform
1.4.2022
Bitcoin (BTC) and other cryptos rose on Friday as bullish sentiment returned. Altcoins such as AAVE and SOL took the lead, indicating a greater appetite for risk among crypto traders. Meanwhile, stocks declined after the strong US jobs report
Biggest Movers: ZIL Jumps on Metapolis News, as AAVE Almost 15% Higher on Friday
1.4.2022
ZIL was on the rise yet again to end the week, as prices are now trading almost 300% higher than on Monday. The increase in value comes as markets gear up to the release of Zilliqa’s metaverse service platform called “Metapolis.” Many expect the official launch to come...
Bitcoin & Crypto Try to Reverse Losses, but Short-Term Hurdles Remain While Surveys Send Positive Signs
1.4.2022
Major cryptoassets including bitcoin (BTC) and ethereum (ETH) trimmed earlier losses, and traded in positive territory for the past 24 hours Friday afternoon in Europe. Friday’s turnaround followed a sell-off on Thursday, with some analysts saying low volumes and technical resistance ahead could...
GameStop’s Meme Stock Is Back With A Vengeance
1.4.2022
People have been waiting for the GameStop bubble to pop for over a year now. Instead, the ailing brick and mortar video game retailer just posted another record week on Wall Street. Earnings are down. Employee morale is in the pits. But the company’s stock went from $78 per share last month to over...
Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Day Low, as Nonfarm Payrolls Are Marginally Lower
1.4.2022
Bitcoin fell to its lowest level this week, following Friday’s nonfarm payrolls report, which came in marginally below expectations. 431,000 jobs were added to the U.S. economy versus forecasts for an addition of 490,000. ETH also reacted to the news, finally moving below $3,400. Bitcoin...
Coin Race: Top Winners/Losers of March and Q1
1.4.2022
April is here, with spring and some green shoots starting to form in the crypto market.
The beginning of April also marks the end of the first quarter, and we, therefore, take a look at what has happened over both the past month and the quarter as a whole.
In January, the crypto market ended...
Bitcoin and Ethereum Try to Recover Losses, WAVES and ZIL Trim Gains
1.4.2022
After bitcoin started a fresh decline from the USD 48,000 resistance zone and spiked below the USD 45,000 support zone, it managed to return above this level and is currently (11:31 UTC) trading near USD 45,200 again. BTC is down 4% in a day.
Similarly, most major altcoins are trying to recover...
Bitcoin and Ethereum U-Turned, Altcoins Slide
1.4.2022
Bitcoin price failed to clear the USD 48,000 resistance zone and traded below USD 45,000. It is currently (04:29 UTC) down 5% and trading near USD 44,700.
Similarly, most major altcoins are gaining bearish momentum. ETH is down 4% and there was a move below the USD 3,250 support. XRP...
Circle Chooses BNY Mellon to Custody USDC Reserves
1.4.2022
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....
Citi Predicts Metaverse Could Be $13 Trillion Opportunity With 5 Billion Users
1.4.2022
Citi has predicted that the total market for the metaverse economy could grow to between $8 trillion and $13 trillion by 2030. In addition, the global bank expects that the number of metaverse users could be as many as five billion. The Metaverse Is Potentially an $8 Trillion to $13 Trillion...
SEC Names Crypto an Exam Priority This Year
1.4.2022
The Securities and Exchange Commission (SEC) has listed crypto assets as an examination priority for market participants this year. “In this time of heightened market volatility, our priorities are tailored to focus on emerging issues, such as crypto assets,” said an official with...
Analysts debate Bitcoin’s next step after today’s $45.5K retest
1.4.2022
BTC finally hit the projected $45,000 support zone, but analysts have mixed views on whether continuation or consolidation will be the next step
Market Wrap: Cryptos Slide Amid Higher Volatility; Returns Typically Strong in April
31.3.2022
Bitcoin (BTC) and other cryptos declined on Thursday as bullish sentiment began to fade. In March, altcoins outperformed bitcoin, which typically occurs in a rising market. Seasonal data points to higher returns in April and May for both cryptos and stocks
IOST, SKALE Network and CELR gain 30% as traders call for an altseason
31.3.2022
CELR, IOST and SKALE secured double-digit gains, thanks to a handful of protocol upgrades and announcements related to cross-chain ability
Biggest Movers: ZIL Rallies to 11-Month High, as SOL and WAVES Extend Recent Gains
31.3.2022
Solana extended recent gains, as it continued to cement its place as the world’s sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday’s 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session. Zilliqa (ZIL) Although...
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $3,400 Despite Bullish Momentum Slowing
31.3.2022
Ethereum was trading above the $3,400 level for a third consecutive session, however bullish momentum has somewhat eased, as market uncertainty has gradually risen. With prices trading near resistance levels, bulls have pulled back, giving way to bears looking at re-entering the market. Bitcoin...