Cryptocurrency Analysis and News Portal
While cryptocurrency lending platform Aave's native coin AAVE was up 15% at $91, decentralized exchange Uniswap's UNI traded at $7, representing a 13% gain, CoinDesk data shows. Bitcoin (BTC), the biggest cryptocurrency by market value, changed hands at $20,660, up 3.5%, while Ethereum's ether (ETH) token was priced at $1,200,
Read More
Up until last week, economists predicted a 50 basis point rate increase, as happened in May. But a U.S. government report Friday showed the consumer price index, which tracks inflation, rose to a new high of 8.6% instead of an expected slowdown. Now, the central bank is entertaining the possibility
Read More
Bitcoin (BTC) retains two of its best-known proponents, but one has cooled its BTC price forecasts considerably.In an interview with CNBC on June 9, Tom Lee, co-founder of independent research firm Fundstrat, revealed that he was unsure if BTC/USD would end the year above its starting price.Lee suggests market has “already
Read More
The best risk-on asset in the past decade, Bitcoin, is in a process of transition. Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, said in a recent interview with Kitco News’ “On The Spot”. Related Reading | Arthur Hayes Says Ethereum (ETH) Could Reach $10K Level By The End Of Year This process
Read More
Being bullish on Ether (ETH) over the past four months did not pay off as its price dropped 44% from $4,600. The decentralized finance (DeFi) applications growth that fueled the rally faded away, partially due to network congestion and average transaction fees of $30 and higher.The cool-off period can also
Read More
Drake spends his time betting more than $1 million in Bitcoin (BTC) on Super Bowl matches when he’s not running through the six with his woes.The award-winning rapper recently shared that he placed BTC bets worth a total of $1.26 million on the upcoming Superbowl match between the Cincinnati Bengals
Read More
Microsoft today announced it is acquiring game publisher Activision Blizzard in a nearly $69 billion all-cash deal. The acquisition is being widely seen as a big bet to keep Microsoft competitive in the burgeoning metaverse space. On today’s episode, NLW gives the background and explores the emerging battle between the
Read More
Bitcoin (BTC) broke through $42,000 on Jan. 11 as expectations of a fresh “short squeeze” mounted.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewShort-term squeeze “reasonably likely”Data from Cryptox Markets Pro and TradingView followed BTC/USD as it recovered from Monday’s dip to $39,600 — its first breach of the $40,000 mark since September.While
Read More
For traders who are undecided on Bitcoin's (BTC) move, the "long condor with call options," or the "iron condor" options strategy, yields optimal results with very low risk. This strategy offers protection down to $53,500, which would be a 7% downside move from the current $57,600, and returns a positive
Read More
In July, Dorsey said Square would launch a platform for developers to create “decentralized finance” projects built on bitcoin. At Twitter, Dorsey spearheaded Bluesky – a project aimed at turning the social media company into a decentralized protocol. According to Platformer’s Casey Newton, Twitter’s new CEO, Parag Agarwal, has been
Read More