This is, no doubt, in part due to the effects that COVID-19 has had on the economy, with many looking for new ways to diversify their finances and a move to working from home giving people the free time to research new interests. As conversations began to move on from Bitcoin to other larger crypto […]
And, all along the way, industry influencers like Elon Musk have been tweeting their enthusiasm about cryptocurrency more broadly. Fintech stalwarts PayPal and Square — along with mobile stock-trading platform Robinhood — have all made it easier to buy, sell and trade crypto. Even the market cap of number two crypto, Ether , which has […]
Having briefly touched $34,000 in the second half of January, Bitcoin is on its way up again, touching the $45,000 mark on Feb. Luckily, bullish marketwide reversals tend to look similar in terms of both price movement and other variables that shape market activity: rising trading volumes, spikes of online attention to individual tokens, and […]
Data from Cointelegraph Markets Pro and TradingView shows that, after hovering around $42,500 during the early morning on Feb. …Read the full story
It’s too early to suggest that the market has found a bottom but two key indicators — The Tether/CNY premium and CME futures basis — have recently flipped bullish, signaling that positive investor sentiment is backing the current price recovery. Traders should not assume that the bear trend has ended by merely looking at price […]
Currently, Bitcoin price is more than 50% away from its $69,000 all-time high and altcoins have fared worse, with many down more than 60% in the last 2 months. …Read the full story
The prediction in Ark Invest’s report “Big Ideas 2022” is predicated on how quickly the Ethereum network has grown in utility and efficiency. What’s more, DeFi is a lot more efficient, too. Ark estimated that DeFi outperformed traditional finance over the last 12 months in terms of revenue per employee from $88 million to $8 million. […]
Even with the breakout, traders are advising caution ahead of the Federal Open Market Committee meeting where the Federal Reserve is expected to unveil their plans for hiking interest rates. As seen in the chart above, the VORTECS™ Score for FRONT rose into the green zone on Jan. As seen in the chart above, the […]
At a time when crypto proponents are debating whether the crypto market has entered a bear phase, many wild theories flooded the internet to make sense of the crash. The consumer inflation in the United States has hit record highs, and the upcoming Federal Open Market Committee meeting set for January 25–26 is expected to […]
The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. 8, the lowest price one could buy Ether was $2,833, while the market price of Ether was around $3,000. In a bull market where Ether and LUNA prices are on the rise, the LTV continues to decrease and […]
Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political turmoil in Kazakhstan, which significantly lowered the hash rate of Bitcoin. The report stated that “the number of UAW connected to Ethereum NFT DApps grew by 43% since Q3 2021.” Numbers from the report also show that the money […]
“That will pretty much dovetail in with the idea that 3.5 billion people are using it — that’s just extrapolating the growth numbers of the network. One thing is for certain, it’s not going to get there in a straight line upward.The total crypto market cap has dropped 6.8% over the past 24 hours amid […]
The performance of cryptocurrencies in the past seven days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. Moreover, a collaboration between Sony Pictures and AMC Entertainment announced on Nov. Furthermore, the cryptocurrency total futures open interest held steady near $50 billion, which is merely […]
Visa got itself a fancy new Twitter avatar this August, and even though it didn’t stay up for long, the 8-bit-styled picture of a visibly unamused woman with a stylish mohawk still made dozens of headlines. Yes, even Visa “apes in” on NFTs these days, to use an expression NFT collectors drop a lot in […]
Pfizer, one of the major producers of COVID-19 vaccines, conspicuously bucked the nervous market downtrend, up 7% at the Wall Street open. …Read the full story
The only connection between this week’s top gainers seems to be the metaverse and gaming sector, which has been on a bull run since Facebook rebranded to Meta on Oct. Meanwhile, the cryptocurrency total futures open interest was negatively impacted by the generalized price drop. Despite this, the indicator remained at a healthy $50.3 billion […]
Typically, pronounced DXY gains have the opposite effect on Bitcoin, which struggles during such periods. …Read the full story
