Markets

Major cryptocurrencies had another weak showing yesterday, highlighted by a modest 0.3% increase in the global crypto market cap. Bitcoin once again fell below the $26K price mark, with experts predicting more downside in the coming days. Despite the growing liquidity concerns in the crypto market, Polkadot saw close to a 40% surge in its daily trading volume which resulted in the token bouncing by 3% in the past 24 hours. Widespread innovation and adoption are also helping...

Bitcoin, alongside the rest of the crypto market, shot up following the news that a US court has sided with Grayscale in its battle against the SEC. Naturally, this volatility brought massive pain for over-leveraged traders as the liquidated short positions skyrocketed to about $80 million within an hour. CryptoPotato reported Grayscale’s court victory earlier today, which essentially meant that the SEC is now obligated to review the asset manager’s request to turn its...

The Securities and Exchange Commission (SEC) sees crypto in a very negative light. However, according to many analysts, the financial agency stands alone in its views, and everything it considers differs heavily from the thoughts and ideas of the rest of the world. The SEC is Very Crypto Strict One of the big things the SEC believes is crypto exchanges are like securities exchanges, and they must be treated and regulated as such. Gary Gensler – the man in charge...

[unable to retrieve full-text content]CoinspeakerBinance Removes P2P Support for Banco de Venezuela Binance discontinues support for Venezuela's Banco de Venezuela to avoid sanctions violations, following similar actions with Russian banks. Binance Removes P2P Support for Banco de Venezuela

[unable to retrieve full-text content]CoinspeakerXiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth. Xiaomi Records Q2 2023 Revenue Dips amid Chinese Phone Market Chaos

[unable to retrieve full-text content]CoinspeakerArgo Blockchain Reduces Debt to $75M despite Poor Market Conditions Despite fears of bankruptcy in late 2022, Argo's 2023 mid-year results show a positive shift. Argo Blockchain Reduces Debt to $75M despite Poor Market Conditions

[unable to retrieve full-text content]CoinspeakerWall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall The inflation and jobs data will play a crucial role in further market movements. Wall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall

[unable to retrieve full-text content]CoinspeakerBYD Shares Soar Following Impressive Q2 2023 Earnings Report BYD faces fierce competition from both domestic rivals and Tesla in a relentless price war. The battle for market share led to price cuts from all sides, with the goal of increasing accessibility and product penetration. BYD Shares Soar Following Impressive Q2 2023 Earnings Report

ADA price is trading in a bearish zone below the $0.280 support zone against the US Dollar. The price is now trading below $0.270 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.270 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.278 resistance zone. Cardano price is struggling below $0.278 against the US Dollar, similar to Bitcoin. ADA price...

Ethereum price is struggling below the $1,700 resistance against the US Dollar. ETH price is now trading below $1,700 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,660 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,660 and $1,700. Ethereum price is declining below $1,700 against the US Dollar. ETH/USD remains at a risk of more downsides if it...