Cryptocurrency Analysis and News Portal
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A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings. Source
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Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate
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Bitcoin over the weekend was seen trading below its critical price support as broader market weakness continues. Traders’ confidence in the asset has remained quite low considering the selling pressure in the market. The prices have currently plummeted owing to the news of the Federal Reserve hiking its interest rates. Bitcoin
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Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action. Over the last 24 hours, Dogecoin lost 2% and in the last week, it declined
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Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this month’s dex volumes will likely be
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“The speculation is that advertisers could be able to pay DOGE for ads and for other uses on Twitter,” explained Kryptomon Chief Marketing Officer Tomer Nuni in a note to CoinDesk last week. “We have seen the same happening when Tesla revealed the ability to pay for its goods with
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Bitcoin sank to an intraday low of $39,714.69 on Friday, following a late surge above Wednesday’s critical resistance level of $41,500. BTC was down as traders braced themselves for the lengthy Easter weekend. Bitcoin – the world’s most sought-after digital asset – has fallen about $10,000 from a two-week high of
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Crypto exchange OKX notched up $149 million in liquidations, the largest among all crypto exchanges. Nearly 96%, or $143 million, were those stemming from long positions. Bitmex saw the highest liquidated value, however, with a single $10 million bitcoin position getting closed on the exchange. Original Source
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Bearish sentiment in global markets spread to crypto markets. Terra’s LUNA, Avalanche’s AVAX, and ether (ETH) saw the biggest declines in the past 24 hours outside of bitcoin in the top ten cryptocurrencies by market capitalization. In European morning hours, ether dropped to just over a major support level at
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