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Bitcoin, Ethereum Technical Analysis: ETH Bounces Back, up 2%, While BTC Climbs Above $30,000
11.5.2022
Following a fall below $30,000 on Tuesday, BTC marginally rebounded, as prices began to consolidate above support. ETH was also higher in today’s hump-day session, climbing above $2,400 in the process. Bitcoin Bitcoin’s bleeding somewhat eased on Wednesday, as a marginal rebound...
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’
11.5.2022
Do Kwon has urged holders of LUNA to “stay strong,” as the price moves ever closer to zero. Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning. LUNA, UST Tumble Toward Zero As of writing, LUNA/USD is trading at $5.45, which...
India Considers Imposing 28% GST on All Crypto Transactions: Report
10.5.2022
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give...
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners
7.5.2022
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using...
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June
6.5.2022
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point...
$1.7 Billion in NFT Sales Fueled by Otherdeed Trades — NFT Volume Jumps 74% Higher Than Last Week
6.5.2022
With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion in sales volume among 266,918 traders. 7-Day NFT Sales Volume Jumps 74%...
ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals
5.5.2022
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for...
Bitcoin Higher Ahead of FOMC Announcement
4.5.2022
The bitcoin (BTC) price rises as traders await 2 p.m. ET rate announcement from Federal Reserve's monetary policy committee
Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher
4.5.2022
Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Ahead of Today’s Rate Decision
4.5.2022
Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered...
Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition
4.5.2022
Bentley University, the private university located in Waltham, Massachusetts, has revealed it now accepts digital currencies for tuition payments. Bentley University’s president explained that the school has been “at the forefront in preparing business leaders” and further...
Market Wrap: Bitcoin Traders Take Some Profits Ahead of Fed Meeting, Expect Higher Volatility
3.5.2022
Bitcoin (BTC) is roughly flat over the past week, although option traders have hedged against further price drops. And long-term bitcoin holders are taking profits
Biggest Movers: ALGO Boosted by FIFA Partnership News, as AVAX and Near Rise Higher
3.5.2022
ALGO was up by nearly 20% during today’s trading session, following the news of a partnership with football’s governing body, FIFA. NEAR and AVAX were also higher on Tuesday, with AVAX extending a recent bullish run. Algorand (ALGO) ALGO was one of Tuesday’s big gainers, as...
Bitcoin and Ethereum Struggle, XRP and LUNA Inch Higher
2.5.2022
Bitcoin price started an upside correction above the USD 38,500 level. However, it is struggling to clear the USD 39,200 resistance zone. BTC is currently (11:47 UTC) consolidating above USD 38,600 and might attempt a move above USD 39,200. The price is up almost 2% in a day and down 2% in...
Biggest Movers: NEXO up Nearly 50% After Binance Listing, While TRON Climbs to 1-Week High
29.4.2022
NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today’s surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with Mastercard to launch...
Bitcoin and Ethereum Remain Supported, BNB Moves Higher
29.4.2022
Bitcoin price started a fresh upside correction from the USD 38,500 zone and was able to surpass the USD 39,500 resistance level. It is currently (04:00 UTC) consolidating and eyeing an upside break above the USD 40,000 resistance. BTC is almost unchanged in a day and down almost 3% in...
Biggest Movers: STEPN GMT Remains Close to Record Highs, as GRT and CAKE Trade Higher
28.4.2022
Following a short-lived move above $4.50 on Wednesday, GMT was once again higher, and traded up by over 20% in today’s session. GRT was another big gainer in Thursday’s session, as it moved to a multi-week high, whilst CAKE rebounded after recent losses. The Graph (GRT) Newly formed...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds, Moves Away From 1-Month Low
28.4.2022
Market uncertainty in crypto was once again higher on Thursday, as traders continue to anticipate next week’s Fed decision. Following a drop to a one-month low during Wednesday’s session, BTC rebounded, with prices now hovering below $40,000. ETH also rallied, attempting to break...
Bitcoin and Ethereum Inch Higher, GMT and GRT Rally
28.4.2022
Bitcoin price attempted a recovery wave above the USD 39,200 resistance and climbed above the USD 39,500 resistance. It is currently (11:51 UTC) showing positive signs near USD 39,700 and might test USD 40,000. BTC is now up 2% in a day and down 4% in a week....
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First Mover Asia: Trading on Indian Crypto Exchange Continues to Slump Following New Tax Laws; Cryptos Higher
28.4.2022