Markets

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ADA price is correcting gains from the $0.422 zone against the US Dollar. The price is now trading above $0.395 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.395 on the 4-hours chart (data feed via Bitfinex). The price could gain resume its increase if it stays above the $0.395 and $0.384 support levels. Cardano price is correcting lower below $0.412 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is moving higher above the $1,650 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with support near $1,660 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is consolidating above the $1,660 level against the US Dollar. ETH/USD could rise further if it clears the...

According to the latest edition of CoinShares’ weekly report, outflows in digital asset investment products reached $32 million last week, a level not seen since late December 2022. The sentiment could be attributed to exchange-traded product (ETP) investors being less optimistic about recent regulatory pressures in the US relative to the wider market. Bitcoin Bears the Brunt Outflow figures surged to $62 million the mid-way through last week, even as the sentiment improved...

[PRESS RELEASE – Abu Dhabi, UAE, 20th February 2023] Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses. The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA)...

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Is bitcoin now the world’s most hated cryptocurrency? According to a new survey, while it may not be number one yet, the asset is heading up there. People Don’t Love Bitcoin as Much The price of bitcoin has endured numerous punches over the last 12 months. The world’s number one digital currency by market cap rose to a new all-time high of about $68,000 per unit in November of 2021, and it felt like the asset was on top of the financial ladder for good. Nothing could...

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