Cryptocurrency Analysis and News Portal
The majority of Federal Reserve officials thought slower rate hikes would be appropriate soon. It is still unclear how high the terminal rate will be. Original Source
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Bitcoin (BTC) analysts were keen to draw fresh price targets on Aug. 27 after the largest cryptocurrency briefly fell below $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSub-$20,000 BTC price targets stay in placeData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,945 on Bitstamp the night after hawkish comments from
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Unlike last winter, when the price of ETH was pushing $4,000 and trading volumes were at all-time highs, this flippening comes as the rival collections’ prices are on the way down. The Bored Ape floor price is down almost 40% in the last month, with CryptoPunks down 24%, according to
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On Sunday, August 21, 2022, the floor value of the Cryptopunks non-fungible token (NFT) collection briefly surpassed the Bored Ape Yacht Club (BAYC) NFT collection’s floor value. While it’s not by a huge amount, at the time, Cryptopunks floor was 66.45 ether, while BAYC’s least expensive NFT was 64.99 ETH. Cryptopunks
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Cryptocurrency exchange Binance announced a temporary freeze on withdrawals on Wednesday morning. The suspension took place across multiple networks as a result of a technical issue by a third-party provider, according to Binance. In a tweet, the exchange said the incident took place around 7:00 am UTC and was resolved by
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United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum’s core developers transition the blockchain to proof-of-stake, or PoS.In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel said that during the Merge event, the crypto exchange will “briefly pause” deposits and
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A sell-off in risky assets followed the release. In the past hour, ether (ETH) lost 4.4%, with Cardano’s ADA, Solana’s SOL, and dogecoin mirroring the losses. Most of the 100 largest cryptocurrencies by market capitalization fell at least 4%, CoinGecko data show. Source
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Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s
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On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained 3.4% and Ether (ETH) added a modest 1.5%. Presently, the aggregate crypto
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UST briefly lost its dollar peg on Saturday, leading to questions around whether Terra’s Bitcoin reserves will soon face their first test Original Source
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