Cryptocurrency Analysis and News Portal
The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200
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Bitcoin stabilized at around $41,000 on Friday and is down about 9% over the past week. Analysts expect prices to move sideways, although they may be vulnerable to further declines if technical support levels are breached.The reduction in leverage in bitcoin and ether futures markets could signal healthier market conditions.
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“Like any financial asset, crypto will suffer from broad market moves. But in particular, crypto (proxied by bitcoin) this year seems to do better during periods when tech is outperforming,” Solot said in an email. “We can see this using a ratio of Nasdaq/S&P500. This correlation may be driven by
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Meanwhile, the number of unique addresses interacting with SHIB token have fallen by 66.1% since peaking around 107,000 on Oct. 28, according to Santiment. On Oct. 28, there were 53,546 addresses interacting with SHIB for the first time, but the new addresses holding SHIB today have dropped by more than
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Five Senators have called for the immediate closure of Facebook’s new crypto wallet just hours after it was launched in partnership with Coinbase.Crypto skeptic Senator Elizabeth Warren was one of the five urging Facebook CEO Mark Zuckerberg to “immediately discontinue” the project. In a letter sent to Zuckerberg on Oct.
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The limitless possibilities of the crypto world are one of the biggest lures of cryptocurrencies. Most DeFi projects allow users to stake one cryptocurrency in a liquidity pool to earn a different token with their interchain operability. However, only a few projects have mastered this concept, and Aurum is one
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"Don't fight the trend" is an old saying in the markets, and there are other variants of the phrase like "never catch a falling knife." The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money.It
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The crypto market leader is trading near $41,800 at press time, down 2% for the week, having bounced from $41,000 to $44,000 over the weekend. Gold is nursing a 0.5% loss at $1,740 per ounce, while the dollar index, which tracks the greenback’s value against majors, has jumped to 1.5-month
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There’s truly never a dull moment in DeFi. Reports have emerged this week that interest-yielding platform Nexo is pursuing an acquisition of an SEC licensed broker dealer with the intent to offer a “modified version” of the company’s products. How this would impact their current offering is unclear. The move comes
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It was just a couple weeks ago that Coinbase posted a blog post, paired with a hefty Twitter thread from CEO Brian Armstrong highlighting recent challenges with the SEC. Armstrong described the agency’s behavior as “sketchy” after the SEC seemingly threatened the exchange that a lawsuit would be impending should Coinbase
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