Cryptocurrency Analysis and News Portal
Crypto markets added 3.3% to overall capitalization in the past 24 hours as some opined the recent SEC filings could strengthen bitcoin's value proposition among investors. Original Source
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Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network Original Source
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Total market capitalization has risen 4.1% in the past 24 hours on expectations of Fed easing, some investors said. Source
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Meanwhile, crypto funds such as QCP Capital see a strong breakout above $18,000 for bitcoin as a key indicator of recovery, with the next such level being $28,000. “Despite the mini-rally, BTC is still trading in an extremely tight falling wedge – with $18,000 the key breakout level to the
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Shares of big tech companies slid on Wednesday and Thursday following dismal earnings reports. Original Source
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Bitcoin (BTC), Cardano’s ADA, and ether (ETH) rose over 4%, while memecoins dogecoin (DOGE) and shiba inu (SHIB) increased a nominal 2%. Ethereum Classic (ETC) slid 15% as the hype around its revival tapered off, while overall crypto market capitalization added 3.4% after falling yesterday to $930 billion for the
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Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim
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Not everyone is convinced of the upside, however. “Until the economy breaks either up or down not much is going to happen,” opined Chris Terry, vice president at crypto lending platform SmartFi. “We anticipate that bitcoin will continue to trade in this tight range of $20,000 plus or minus 10-15%.” Source
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Despite the gains over the past few days, some warned that investing in cryptocurrencies remains a “risky business.” Source
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Bitcoin (BTC) passed through the $21,000 level in European afternoon hours, adding to a steady recovery since last weekend’s plunge to almost $18,000. Current levels have acted as a resistance zone for the largest cryptocurrency by market cap, and a recovery above could see the asset surge to $22,600. Source
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