CRO and TRX each rose roughly 5% and ALGO jumped nearly 6% a day after announcing that it would become the official blockchain platform of FIFA, soccer’s world governing body.
“The macro issues, whether it’s the Ukraine war, global supply chain issues and inflation that’s affecting every other country as far as leading the Fed to tighten its policies, and in times like these risky assets generally don’t perform well,” Kapril Rathi, co-founder and CEO of digital asset trading platform CrossTower, told CoinDesk TV’s “First Mover” program.
The price of Brent crude oil, a widely watched measure of energy markets, dropped slightly from Monday but was still trading at about $105 per barrel, up about 40% since the start of the year.
“The current market structure for bitcoin remains in an extremely delicate equilibrium, with short-term price action and network profitability leaning bearish, whilst long-term trends remain constructive.
After all, Glassnode points to $46,910 as the entry point for most of these short-term holders, putting the average coin held by a minnow at an unrealized loss of -17.9%.
The question is, when will these short-term holders capitulate? Many of the long-term holder whales are professional investors or funds that can afford to lose, whereas minnows are retail investors.
Retail investors, however, are usually purely based on conviction and ideology.
Momentum signals have weakened on daily, weekly and monthly charts, which increases the chance of a breakdown in price.
Still, other technical indicators are neutral, which means intraday buying could be short-lived.
Wikipedia Editor Molly White detailed crypto-related offenses and how she persuaded the Wikipedia organization to stop accepting crypto donations.
“The is not ready for a gas embargo, but it imposed a ban on Russian coal after the massacre in the Ukrainian town of Bucha.
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