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Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000 on Saturday
23.4.2022
Bitcoin fell below $40,000 to start the weekend, as crypto markets continued to be submerged by the latest red wave. ETH was also lower on Saturday, and remained in the red for a second consecutive session. Bitcoin BTC dropped below the $40,000 level to start the weekend, following a three-day...
Ethereum's Merge Could Lower Demand for Bitcoin but Regulatory & Technical Challenges Persist
22.4.2022
Ethereum’s (ETH) transition to proof-of-stake (PoS), known as The Merge, will likely lead some current bitcoin (BTC) holders to move part of their capital to ETH, one industry insider argues. Others, meanwhile, say that despite a yield on ETH being attractive, regulatory scrutiny means more...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Down as Prices Fall at Key Resistance Levels
22.4.2022
Following recent back-to-back surges in price, both ETH and BTC were down during Friday’s session. Bitcoin fell by almost 5% today, while ETH was down by a similar figure, with both retreating back towards levels of support. Bitcoin After a strong rebound in prices mid-week,...
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...
Doge Day Then and Now: Lackluster Buzz as Dogecoin’s Price Is 65% Lower Than Last Year
20.4.2022
While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s...
Makerdao Plans to Integrate Ethereum L2 Solution Starknet to Lower DAI Transaction Costs
20.4.2022
The decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper. Starknet will be integrated into the defi protocol on April 28, 2022, as part...
KuCoin Launches USD 100M NFT Fund to Empower Artists, Lower Barriers for Users
19.4.2022
Major international crypto exchange KuCoin has launched a USD 100m fund to support artists behind early-stage non-fungible token (NFT) projects across a variety of niches....
Read More: KuCoin Launches USD 100M NFT Fund to Empower Artists, Lower Barriers for Users
Bitcoin and Ethereum Keep Trending Lower, Altcoins Increase Losses, DCR Rallies
18.4.2022
Bitcoin price remained in a range below the USD 41,200 resistance zone. BTC is currently (04:27 UTC) moving lower and trading below USD 39,500. If the bears remain in action, the price could drop to USD 39,000. It’s now down almost 3% in a day and 7% in a week....
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Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
17.4.2022
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian...
Biggest Movers: XRP Hits 1-Week High, as NEAR Falls Again
15.4.2022
During what can be described as a choppy trading session, it was XRP which was one of the most notable gainers, climbing to a one-week high. While ripple rose, NEAR was once again lower, falling by as much as 10% on Friday. XRP While crypto markets were mainly in the red, XRP was one of […]
Bitcoin, Ethereum Technical Analysis: ETH Remains Close to Support of $3,000 on Good Friday
15.4.2022
Ethereum continues to trade close to its support level of $3,000 on Good Friday, as some financial markets were closed for the holiday weekend. Volatility has slightly eased as a result, with BTC also hovering near its floor around $40,000 during today’s session. Bitcoin Bitcoin was trading...
First-Ever Jack Dorsey Tweet NFT Reauctioned, Receives Massively Lower Bid Than Expected as Hype Fades
14.4.2022
Twitter founder Jack Dorsey’s first-ever tweet, which sold for USD 2.9m worth of ethereum (ETH) back in March 2021, was put up for auction again and was apparently expected to fetch at least USD 50m, but has so far received the highest bid of just over USD 6,200....
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Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000, Some Anticipating Drop to $30,000
13.4.2022
After a boost on Tuesday, following the release of U.S. inflation data, bitcoin prices were once again lower on Wednesday. BTC has mainly traded below $40,000 during the session, with ETH continuing to hover above the $3,000 level. Bitcoin Following a slight rebound in price during...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data
12.4.2022
Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing. Bitcoin...
Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments
12.4.2022
An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from...
‘Challenges’ to Crypto Traders as Lower Volatility Expected; Solana Derivatives Wanted
11.4.2022
High volatility is necessary to attract traders to the crypto derivatives space, and institutions would most like to see new derivatives contracts backed by altcoins such as solana (SOL), polkadot (DOT), cardano (ADA) and stablecoins, a new report from the derivatives-focused analytics firm...
Biggest Movers: RUNE and THETA Fall by Over 10% on Monday
11.4.2022
THETA and RUNE are trading over 10% lower to start the week, as recent declines in the crypto market extended during Monday’s session. As of writing, the global cryptocurrency market cap is down nearly 5%. THORChain (RUNE) In addition to BTC and ETH, RUNE also fell to a three-week low...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows
11.4.2022
Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%. Bitcoin Bitcoin extended its recent decline on Monday,...
Bitcoin, Ethereum Technical Analysis: Bitcoin Trades Near Key Support Level to Start the Weekend
9.4.2022
Bitcoin has been trading near its key support level, and the price of ETH was also lower to start the weekend, falling below $3,200 in the process. Bitcoin Cryptocurrency markets were down by over 2% on Saturday, with BTC falling by the same amount to start the weekend. On Saturday, BTC/USD...
Get ‘Mentally Ready’ for Lower Bitcoin Prices as Rates Rise, Bitcoin 2022 Panelists Warn
8.4.2022
The macroeconomic landscape for bitcoin (BTC) could become more difficult to navigate as the US Federal Reserve continues to raise interest rates. However, bitcoin is the only way to transition to a new monetary standard, panelists at a discussion on the current macro backdrop at Bitcoin 2022...