Cryptocurrency Analysis and News Portal
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A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings. Source
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The number of users on NFT markets is at its lowest point this year, but still higher than in 2021. The crypto lending platform sees an opportunity. Source
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A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading. Original Source
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Bitcoin (BTC) is stabilizing around $30K while stock market volatility is fading. Altcoins were mixed, although recent underperformance could signal caution among some traders. Indicators show short-term BTC buying, albeit with limited upside. Original Source
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Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything? Original Source
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Technical indicators suggests a weak price recovery for bitcoin, which requires another weekly close above $30,000 to encourage buying activity. Still, the recovery could fade at around $33,000-$35,000 because of negative momentum signals on the charts. Original Source
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Cryptocurrencies can lead to "dollarization" of a part of the economy and this could be against the country's sovereign interest, the top officials of India's central bank told a parliamentary committee on finance, according to a Press Trust of India report. Source
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Bitcoin (BTC) bounced around $30K on Friday, although some analysts expect a period of low returns. Meanwhile, there has been less interest in stablecoins amid volatility. Original Source
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Cardano’s ADA jumped as much as 40%, leading gains among the biggest cryptocurrencies. BNB Chain’s BNB spiked 30%, Solana’s SOL added 25%, and XRP added 22% during the Asian morning. The recovery came as bitcoin (BTC) and ether (ETH), the two largest, added over 12% each. Most of the largest
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