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The decline in the price of bitcoin following the rally has unearthed some underlying weaknesses that were not easily seen before. The run-up and eventual rundown from $25,000 have shown that retail investors are not as moved by the market as expected. Even now, transaction volumes for retail investors remain
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Crypto Markets Stabilize After Steep Weekly Declines, Traders Show Near-Term Bearish Bias Original Source
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Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level. Ethereum started a fresh decline from the $1,950 resistance zone. The price is now trading below $1,900 and the 100 hourly simple moving average. There is a major
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The FOMC boosted the interest rate by a robust 75 basis points in July as part of its hawkish monetary campaign to tame inflation, which has hit a four-decade high. The committee, which meets regularly to set U.S. monetary policy, is widely expected to increase the rate by a similar
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NFT holders could develop related projects such as “TV shows, food trucks, clothing, and more – just like the Bored Ape Yacht Club community has been able to do,” Yuga said. “Snoop Dogg and Eminem's BAYC music video was nominated for a VMA, a video they were able to make
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24,000. CPI Report Boost Bitcoin Price According to the Consumer Price Index report (CPI) that the U.S. Bureau of Labor and Statistics released
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Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data.MATIC/USD on FTX. Source: TradingViewAccording to Cointelegraph,
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ETH price hit resistance at the $1,600 level, but this
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Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth
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