Markets

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a fresh decline from the $0.470 zone against the US dollar. The price is now trading below $0.450 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.440 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair...

The Tron blockchain witnessed an increase in usage in the first quarter of 2023, according to a new report from market intelligence firm Messari. The market cap of its native token, TRX, was up by almost 20% QoQ. Despite the US Securities and Exchange Commission (SEC) announcing several lawsuits against Tron ecosystem tokens, the network activity remained mostly unfazed. Its total quarterly revenue climbed $90.04 million in Q1 2023, experiencing a 88% jump from its Q4 2022...

Bitcoin’s price has been dropping continuously over the last week, and there may still be more. However, the bearish momentum is much lower than expected, and multiple support levels are available for the market to rely on. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, the price has been declining since getting rejected from the $30K resistance level in April, and it has also broken below the 50-day moving average, located around the $29K mark....

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Assets like bitcoin and Ethereum continue to show signs of recovering from the bearish market conditions traders and investors witnessed last year. The Many Bitcoin Developments Set to Occur Not long ago, the U.S. government seized more than $215 million in bitcoin taken from the Silk Road dark web market,...

Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still. The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310. Bitcoin Stays Flat The past several days didn’t go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after the US CPI numbers came out for April. Although BTC...

A new report by global capital markets data platform PitchBook revealed that crypto-focused companies raised $2.6 billion across 353 investment rounds in the first quarter of 2023. The amount raised signaled a 12.2% and 11% decrease in the quarter-on-quarter total number of deals and deal value, respectively. It also represented the fourth consecutive quarter of decreasing investment activity, as the amount was the lowest capital invested and deals completed since Q4 2020....

Bitcoin’s troubles continued in the past 24 hours, and the asset charted a new two-month low before recovering over a grand. The altcoins are in the green today, with LDO taking the main stage with a massive double-digit price surge. BTC’s Pump and Dump Keeps Rolling The major news from the past week came when the US CPI numbers for April informed that the inflation rates had slowed down and were actually lower than the expectations. Bitcoin reacted positively to the news at...

The world’s largest crypto trading platform said it will be winding down its Canadian arm two years after being greenlighted to operate in the country. Binance mentioned a recent amendment in the local legislation that affected stablecoin deposits and purchases on exchanges. Binance announced its intentions on Twitter, saying it will “be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace.” The exchange admitted that it was a...

Amidst regulatory tussle, an SEC disclosure revealed an expensive bill for Coinbase CEO Brian Armstrong’s security benefits. The exec was granted security benefits of $6.3 million last year, representing more than triple the amount his security cost Coinbase the previous year. According to the public document, Armstrong’s total compensation for the whole of 2022 was $7.5 million, and received a flat salary of $1 million, while the remaining can be characterized as security...

Bitcoin crashed on Friday down to $26,166 and continues struggling to break back above the $26,500 level. What gives? Crypto market analytics platform CryptoQuant said the latest fall may be due to a coordinated FUD campaign against the primary cryptocurrency, which triggered a wave of liquidations this week.  The US Government Did Not Sell Its BTC In a post on Friday, CryptoQuant analyst IT Tech called attention to a wave of online, “coordinated fake news” related to the US...