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“What most of the NFT market has realized is that it's this hybrid asset,” said Faruq, a former credit derivatives trader at Barclays. “But it is correlated to crypto, which is correlated to Nasdaq, which is correlated to global financial markets.” Source
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To Alex Tapscott, managing director of the digital asset group at Ninepoint Partners, the current market environment is similar to December 2018 when bitcoin (BTC) hit a then-all-time high in the winter of 2017, and 2018 began “a long period of contraction” in terms of the value among crypto assets. Source
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The ripple effect of the bearish sentiment in the US stock market has also contributed to the encompassing slump in the digital currency ecosystem. Treasury yields in the United States went on a bounce on Monday as investors started assessing the positivity around the latest interest rate hike
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"Every time that [the] price of DOGE starts rising rapidly, there's a market-wide crash following just moments later," blockchain analytics firm Santiment said in a market insights note. "Right now, we are observing such a rise. Now the question is, is this time different?" Source
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After a period of sluggish price action, the price of Solana has finally made a significant recovery on the chart. In the last week, the coin has surged over 9%. Although SOL might be moving up slowly, from a technical standpoint, the altcoin has recovered and might stage a rally
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Crypto stocks including Coinbase and MicroStrategy fell as traders assess potential contagion from Alameda’s balance sheet. Original Source
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Bitcoin is retracing after a rejection north of critical resistance at around $20,000 and might be gearing up for a fresh leg
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Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more
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REN price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish
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Over the past two years, nonfungible tokens (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists and celebrities. However, despite the enormous losses suffered by NFT investors following the ongoing, 10-month-long bear market, the ecosystem showed sustainable signs
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