Cryptocurrency Analysis and News Portal
Bitcoin (BTC) is trading around $50,000 for the first time since early September as short-term momentum improves. The cryptocurrency has broken above a series of lower price highs last month and indicators suggest continued upside, initially toward the $52,000-$55,000 resistance range. Source
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“It would still open the floodgates for institutional adoption and hopefully result in a spot-backed ETF being approved in the not-so-distant future, which would allow ordinary people to include the asset easily” in their brokerage accounts, Marcus Sotiriou, sales trader at the U.K.-based digital asset broker GlobalBlock, wrote in an
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The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that
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On Friday, the People’s Bank of China (PBOC) declared all virtual currency-related activities illegal, banning offshore exchanges from serving mainland Chinese users. The statement also disqualified tether, the largest stablecoin globally, as legal tender along with bitcoin and ether, marking toughest crackdown to date. Source
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Bitcoin (BTC) hit four-day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTwitter stock surges 3.8% on Bitcoin newsData from Cryptox Markets Pro and TradingView showed BTC/USD reaching $45,180 on Bitstamp.The largest cryptocurrency had struggled to
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Other traders remain active, seeking opportunities for investments that will outperform BTC by using options and futures strategies. “Over time, a lot of folks that deployed in crypto went for vanilla (passive) strategies, but saw that they could get more alpha and mitigate risk with active strategies,” crypto hedge fund
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Cryptocurrencies sold off on Monday as stocks suffered their steepest decline in weeks. Signs of stress in China’s credit markets over the weekend contributed to bearish sentiment across global markets and triggered a rise in the CBOE Volatility Index (VIX) to levels last seen in May.Bitcoin dipped below its 200-day
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In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion
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SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens.The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair's upside move pushed its 24-hour adjusted timeframe profits up to 23%, making
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Higher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in
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