Cryptocurrency Analysis and News Portal
Despite the fact that it still hasn't made a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive.According to Reuters, on Monday, The Bank of Israel summarized the results of the public consultation on its central
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The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network.Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular
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Bitcoin (BTC) is stabilizing around $30K, which is the bottom of a year-long trading range. There are initial signs of capitulation, evidenced by an uptick in volume, albeit not as extreme as previous sell-offs. Upside remains limited. Source
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Quick take: Michael Saylor has joked about ‘getting back to work’ at McDonald’s Mr. Saylor posted a meme of himself behind the counter of the popular fast-food chain Bitcoin has continued on its downward trend losing several support zones from $39k Bitcoin has set a local low of $31k as the $32k support level
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Some 73% of all futures traders were long, or betting on a price rise. Source
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Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with bears pushing Bitcoin (BTC) to $30,334, its lowest price since July 2021. Crypto Fear & Greed Index. Source: Alternative.meMultiple factors like rising interest rates, the end of easy money policies by
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Bitcoin (BTC) is testing a major support zone between $27K and $30K, which is the bottom of a year-long trading range. Momentum signals remain negative, which could keep sellers active. Source
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Meta’s Instagram to Support NFTs From Ethereum, Polygon, Solana, Flow Source
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Google is establishing a Web3 team within its cloud unit, noting that “it is a market that is already demonstrating tremendous potential.” A Google executive explained: “We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.” Google Creating Web3
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Bitcoin (BTC) is breaking down after failing to hold $40K over the past few months. A weekly close below $34,246 could yield further downside targets. Original Source
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