Cryptocurrency Analysis and News Portal
At the time of publication, bitcoin was trading at about $38,300, off slightly over the past 24 hours. Ethereum was changing hands just above $2,500, down 1.7%. Most other major cryptos were firmly in the red. It was the third consecutive day of crypto declines, which started late on Friday
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On the daily chart, downside exhaustion signals are starting to appear, similar to what occurred on Jan. 24, which preceded a 30% price jump. This time, however, the relative strength index (RSI) is not deeply oversold, which could delay a potential upswing in price. Original Source
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NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the
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This finding, which the blockchain data firm published Tuesday, showed that as cryptocurrency exchange competition has intensified, the crypto market – especially large, sophisticated crypto traders – has favored exchanges with high innovation and scalability. Source
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Ethereum has seen some intense volatility throughout the past few days, with buyers taking full control of its price action last week before it saw a massive selloff This decline erased a week’s worth of gains and sent the cryptocurrency’s price tumbling down to lows of $900 that were set this
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Dow Plunges 450 Points as Tech Selloff Intensifies, Stimulus Stalled CCN.com - News & Blazing Op-Eds The Dow and broader U.S. stock market face strong headwinds as Big Tech continues to unwind from its record rally. Dow Plunges 450 Points as Tech Selloff Intensifies, Stimulus Stalled CCN.com - News & Blazing
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In lead-up to the next bitcoin halving event in May, some bitcoin miners are looking at leveraging what Moore and Carlson describe as “surplus energy” to make operations even more cost-effective.In this episode of the Bitcoin Halving 2020: Miner Perspective podcast series, we take a trip down memory lane back
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The U.S. stock market crashed for a second straight day. The Dow and S&P 500 plummeted more than 3%. CDC officials intensified the sell-off when they called the spread of the coronavirus in the United States inevitable. The Trump administration attempted to bolster stock market confidence by claiming the
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U.S. crude futures approached 52-week lows on Tuesday, falling 3.4% to $49.69 a barrel. Brent crude, the international futures benchmark, declined 2.5% to $54.89 a barrel. The International Energy Agency has downgraded its demand forecast for crude due to the coronavirus outbreak. Crude oil resumed its plunge on Tuesday
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On Tuesday, the Wall Street Journal reported that MasterCard Inc. (NYSE:MA) and Visa Inc. (NYSE:V), among other financial partners, could be reconsidering their position in Facebook Inc.’s (NASDAQ:FB) cryptocurrency project Libra. Backers Not Ready for Criticism from Regulators The Journal report indicated that the financial backers of the cryptocurrency project are not ready
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