Cryptocurrency Analysis and News Portal
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin climbed to above $18,000 yesterday, reaching resistance at the local range high around $18,170, before
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The bitcoin price has seen a minor rally ahead of yesterday’s FOMC meeting and has held relatively strong despite the hawkish outlook from the US central bank. A look at the daily chart of BTC shows that the price managed to hold above $18,600. After an exuberant euphoria following the release
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The latest UK inflation report showed a fall from 11.1% to 10.7%, lower than the 10.9% analysts were expecting. UK inflation recently dropped from its 41-year high on cooling fuel prices, although high food and energy prices continue to bedevil consumers.UK inflation came in at 10.7% last month,
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The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may be too soon to fully understand
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On-chain data shows withdrawals across all chains hit the $1.8 billion mark during the last 24 hours. Data from Nansen shows that Paxos and Huobi were the recipients of some of this inflow, with around $162 million of netflow between the two exchanges. Original Source
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"Although Mr. Bankman-Fried must be held accountable, the American public deserves to hear directly from Mr. Bankman-Fried about the actions that’ve harmed over one million people, and wiped out the hard-earned life savings of so many," Waters said. Original Source
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On-chain data shows Bitcoin whales have continued to shave off their holdings in recent weeks, suggesting that the current lows may not be attractive enough to them. Bitcoin Whales Continue To Sell Despite The Recent Deep Lows As pointed out by an analyst in a CryptoQuant post, the number of investors with
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BNB is currently trading at $300.082 with a 24-hour trading volume of $1,059,515,334. Despite the general market slump, the coin has been one of the top performers. It currently ranks at the number four position on CoinMarketCap. The coin has a 24-hour low of 289.76 and a 24-hour high of $304.82.
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The popular meme coin's upswing was an exception in crypto markets as bitcoin and most other major tokens traded sideways. Original Source
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Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off, “several members of the Metaplex Studios team” due to the "indirect impact" from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios Stephen
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