Markets

Following the launch of its mainnet earlier this summer, Elrond continues with new developments. The company recently introduced a new economic model for its native cryptocurrency and a token swap implemented firstly on Binance that transitioned ERD to the new coin called eGLD in a 1000:1 ratio.Elrond’s Token Swap Implemented On BinanceAs CryptoPotato reported in late July, Elrond launched its mainnet as the company also unveiled the first application utilizing the Elrond blockchain dubbed...

After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom.Bitcoin Bounces Off $10KThe bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500.From a...

The events of the past seven days took a turn for the worst throughout the entire cryptocurrency market. Bitcoin started the week trading at around $11,500 and managed to advance to a peak of around $12,050 a few days later.And that’s when it went downhill.In less than two days, BTC lost around $1,500 of its value, bringing the price down to its current level of $10,500. However, the primary cryptocurrency spiked to a low of $9,875 on Binance before recovering, taking all large-cap altcoins...

Bitcoin has taken another nasty fall. At the time of writing, the world’s number one cryptocurrency by market cap has dropped into the $10,000 range. It is currently trading at around $10,800 and has dropped below $11K for the first time in several weeks.Bitcoin Is Falling FastAs it turns out, the U.S. dollar has begun to recuperate. After months of suffering due to the expanding coronavirus pandemic, the national fiat currency of America and several other countries is beginning to show...

While BTC has dropped in both its price and market cap, other top cryptocurrencies including Ethereum (ETH), XRP, and Litecoin (LTC) are amongst others.The price of Bitcoin (BTC) has seen rapid retracement in the past days as the entire cryptocurrency market was caught in a sell-off frenzy. Following this sell-offs, the price of bitcoin has broken the $10,000 support level and it traded at $9,990 in the early hours of Friday.The generally observed Bitcoin (BTC) price has made two extreme...

For the past few days, Apple has been declining as it had its worst trading day since mid-March. AAPL is currently down 1.35% in pre-market trading.Apple Inc (NASDAQ: AAPL) had its worst trading day since March as the stock declined 8% on Thursday. Since the stock started dropping on Tuesday, the multinational technology company has lost over 3%.Before now, Apple’s stock had its worst-performing day on the 16th of March when it plunged 12.9%. Apart from recent losses in the last five days,...

The Binance Liquid Swap platform is an automated market maker (AMM) pool product and hosts different pools of liquidity that allow its users to exchange crypto assets. Major cryptocurrency exchange Binance has bolstered its presence in the decentralized finance world with the launch of Binance Liquid Swap. The Binance Liquid Swap product is a token swapping liquidity platform, offering an improved exchange model to foster more earnings from users.Through Binance Liquid Swap, users can pool...

Bitcoin cash price started a major decline from well above the $260 support against the US Dollar.The price is currently trading well below the $25 support and the 55 simple moving average (4-hours).There was a break below a crucial bullish trend line with support near $275 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could correct higher in the short-term, but there is a risk of more losses below $200.Bitcoin cash price is declining and it is trading in a...

The Bitcoin (BTC) price dip seen on Thursday has triggered a cascade of forced liquidation on derivatives exchanges like BitMEX and Bitfninex. U.S. stocks have also taken a beating, with the markets experiencing its worst performance since June.Bitcoin Long Bloodbath as BTC Price Falls to $10,700According to data from the crypto derivatives analytics platform Datamish, about $131 million in Bitcoin Longs on the BitMEX exchange got liquidated, following Bitcoin’s plunge to below $10,500.As...

Today is not a good day for bitcoin. Not only has the currency’s price fallen back several feet, but it looks like Ethereum – the second-largest cryptocurrency in the world and the primary competitor to BTC – is beginning to overtake the asset in several ways.The Ethereum Blockchain: A New Home for BTC?To be fair, Ethereum’s price is nowhere near that of bitcoin. In addition, the market cap is also not as strong, but bitcoin is now playing second banana to Ethereum in one major way: the...