Markets

Leading crypto exchange Bitfinex released its latest Bitfinex Alpha report, a weekly publication that offers on-chain data and insights into the dynamic crypto market. This week’s document found that the amount of unmoved bitcoin has reached its highest point. The report further highlights an intriguing development in liquidity trends. Bitcoin liquidity has experienced a decrease, while that of Tether USDT has witnessed a noteworthy increase. Bitcoin’s Unmoved Supply Hits...

CoinspeakerApple Expands Retail Reach in China with Official Store Opening on WeChat  While the Chinese smartphone market experienced a 5% decline in sales during the first quarter of 2023, Apple's iPhone sales demonstrated resilience, growing by 6% year-on-year during the same period. Apple Expands Retail Reach in China with Official Store Opening on WeChat 

ADA price is struggling to climb above the $0.2920 zone against the US Dollar. The price is now trading near $0.288 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.2850 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.292 and $0.302 levels. Cardano price is holding the $0.276 support against the US Dollar, similar to Bitcoin. ADA price could...

Ethereum price is eyeing an upside break above the $1,900 resistance against the US Dollar. ETH price is now trading below $1,890 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,900 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,825 support zone. Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it...

Changpeng Zhao – CEO of crypto exchange Binance – believes his company has formed “a tight team” partly due to the “Fear, Uncertainty, Doubt” (FUD) that surrounds it on a regular basis.  The firm has been coping with regulatory issues with the US Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and other watchdogs over the years. CEO Zhao has been constant in his statements, claiming Binance cooperates with regulators, whereas some media outlets have...

Despite what has still felt like a relatively up-and-down period for bitcoin, the world’s number one digital currency by market cap, a new study suggests that the volatility of the asset is at its lowest since 2020. Bitcoin Volatility is Slowing Down Big Time The last time bitcoin was this calm was in October three years ago. During that period, bitcoin either didn’t move at all or endured very small maneuvers over 70 separate sessions, and it looks like those...

CoinspeakerBinance Announces Arkham (ARKM) Token Sale on Its Launchpad The Arkham project is focused on deanonymizing blockchain technology through a decentralized token financial system to enable a safe adoption of the crypto market among other reasons. Binance Announces Arkham (ARKM) Token Sale on Its Launchpad

CoinspeakerCoinbase (COIN) Stock Soars over 50% amidst SEC Lawsuit Turmoil While Coinbase executives have engaged in pre-planned and periodic stock sales, other major COIN holders have chosen a different approach. Coinbase (COIN) Stock Soars over 50% amidst SEC Lawsuit Turmoil

Bitcoin and Ethereum are trading at an enticing discount on Binance.US, but not all users will be able to leverage it. At nearly $27,500, Bitcoin is trading about $2,500 lower on Binance.US compared to global spot markets. Ethereum, on the other hand, was trading at $1,700 – a discount of $200, offering market participants a better price than other crypto exchanges. Discount Concerns Crypto users took to Twitter to address the situation and termed it a “depeg” of...

CoinspeakerJapan’s Nikkei 225 Enters Fifth Straight Losing Plunge as Global Economy Fluctuates The Nikkei is reflecting a general plunge in the global financial economy as it saw a plunge today despite hitting a high last week. Japan’s Nikkei 225 Enters Fifth Straight Losing Plunge as Global Economy Fluctuates