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The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.”Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) sold 55,000 virtual land NFTs dubbed “Otherdeeds” on May
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The latest moves in crypto markets in context for April 28, 2022. Source
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Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Inflation echoes "mythical stories"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking $400 instantly as the data was released.The U.S. CPI
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Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems.In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers.2022 retail FOMO
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Prices of some other ‘memecoins’ increased in tandem. Source
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Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming to predictions that higher levels would see a retest.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBets placed on $46,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it advanced $1,650 from daily lows to nearly
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Ethereum has moved above $2,700 following the Fed announcement yesterday. The highly anticipated meeting had been concluded, coming out that the Fed had increased interest rates by 0.25%. Ethereum has responded positively to the news and had rallied out of the slump it had been in since the last dip.
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Dogecoin has been on a recovery trend lately. This is attributed to recent comments from Elon Musk, the ‘Dogefather’, that has seen prices spike. Musk who has been a vocal supporter of the meme coin is one of the major reasons behind the popularity and success the cryptocurrency enjoyed last
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Prices of the memecoin often see a surge after celebrity mentions. Source
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Bitcoin (BTC) saw instant volatility on March 11 amid the hope that the Russia–Ukraine conflict could find a diplomatic solution.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHope rises — but so do Bitfinex shortsData from Cointelegraph Markets Pro and TradingView shows BTC/USD briefly surging $1,400 before reversing to consolidate below $40,000 on
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