Cryptocurrency Analysis and News Portal
Still, the changes failed to move prices of the two tokens even as total market cap added 5%. At the time of writing, SHIB is changing hands at $0.00002148, a 3.55% rise over the past 24 hours, and DOGE rose 3.28% to $0.1344 – displaying sluggish growth for tokens that
Read More
Bitcoin (BTC) and other cryptos traded lower on Wednesday. Altcoins underperformed, indicating a lower appetite for risk among crypto traders. Hawkish Fed minutes contributed to losses as well. Source
Read More
●Bitcoin (BTC): $36785, −1.84% ●Ether (ETH): $2620, −3.34% ●S&P 500 daily close: $4477, −2.44% ●Gold: $1807 per troy ounce, −0.15% ●Ten-year Treasury yield daily close: 1.83% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX);
Read More
"Bitcoin’s recovery is a long shot as investors are more keen on the price being stabilized for now," Alex Axelrod, founder and CEO of Aximetria, a crypto financial services firm, wrote in an email to CoinDesk. Axelrod is monitoring BTC price levels of between $32,000 and $40,000 for confirmation of
Read More
Avalanche, polygon limited price bounce: Avalanche (AVAX) and polygon (MATIC) initially rose about 4% during the Asia trading session, but ended up lower over the past 24 hours. Generally, most altcoins underperformed bitcoin on Monday, indicating a lower appetite for risk among crypto traders. Original Source
Read More
Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows at $52 million, CryptoX’s Lyllah Ledesma reported. The prior week, bitcoin-focused funds saw $145 million of inflows. Meanwhile, SOL, the token of the blockchain-based smart contracts platform, saw inflows of $17 million. SOL is down
Read More
Bolu said what’s most concerning is that Coinbase appears to be “lagging on almost every crypto innovation (including altcoins, derivatives, NFTs).” If this trend continues, he said, the crypto exchange could rapidly lose relevance similar to what happened to Netscape in the early internet era. Source
Read More
“I have to say, looking at the daily chart, the rise looks healthier this time as momentum has built steadily from the $40,000 area without facing rejection before crossing $50,000, as it has done many times before,” Daniela Hathorn, an analyst at DailyFX, wrote in an email to CoinDesk. Original Source
Read More
The DeFi sector has been on the up and up throughout the past few weeks, with the post-Summer
Read More
Controversial altcoin XRP is still “proving” itself, but Bitcoin (BTC) remains the recommended investment choice in the cryptocurrency world, Mike Novogratz says.In a series of tweets on Feb. 6, venture capitalist Novogratz, who is also CEO of the cryptocurrency merchant bank, Galaxy Digital, delivered modest praise of XRP and
Read More