Markets

Bitcoin has been struggling with the $20K levels as the overall crypto market remains in a slump and traders brace for uncertainty. Nonetheless, turbulence is not new to crypto, as it has thrived through the pandemic-induced downturn and several past bear markets. When bear markets hit, they tend to change how the average crypto user invests. Some traders look to reduce their trade frequency, wait out the market, or find ways to cut costs, a stark contrast to the FOMO brought upon by the...

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The phenomenal rise of NFTs in the last few years surprised many, but experts and enthusiasts long believed in the potential held by this domain of the blockchain space. The costliest NFT to date was sold just a few months ago for a whopping $91.8 million. And there are several others fetching millions of dollars in the market. The meteoric rise led to an increased interest in the domain and attracted more investors. But the dearth of reliable marketplaces significantly...

EOS price is still struggling below the $0.90 support against the US Dollar. The price is now trading below $0.90 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.905 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could might attempt to recover towards the $0.92 and $0.945 resistance levels. EOS price is struggling below $0.90 against the US Dollar, similar to bitcoin. The price might...

Litecoin started a fresh decline from the $80 resistance zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $71 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could struggle to clear the $68 and $70 resistance levels in the near term. Litecoin price is struggling below $70 against the US Dollar, similar to bitcoin. LTC...

Rishi Ramchandani – a former executive at the bankrupt crypto platform BlockFi – became the APAC Web3 Lead of Google. The world’s largest search engine argued earlier this year that Web3 is a market that demonstrates “tremendous potential” and established a dedicated team. Finding Shelter in Google In a recent post on LinkedIn, Ramchandani said he feels “excited” to step into his new role in the multinational technology company. His main goal will be to advance Google’s Web3...

Waves blockchain platform founder, Sasha Ivanov, announced plans to launch a new stablecoin as Waves-backed Neutrino Dollar (USDN) failed to secure its peg. As per the Twitter update, Ivanov vowed that the new stablecoin would be “undepeggable.” The Waves founder also revealed that there will be a “USDN situation resolution plan set in motion before” but provided no details with regard to the timeline. “It’s just it’s time to create a protocol more attuned to the current...

Mark Cuban is not happy about what’s happened with FTX, and he’s taking to social media and other online platforms to express his disappointment. Mark Cuban Isn’t Happy About the FTX Fall The FTX collapse rocked the crypto world. What was long considered one of the biggest players in the digital currency world has suddenly come crashing down without notice, and its fall from grace has led to several repercussions. Allegedly experiencing a liquidity crunch, the company...

In a market outlook report published on Dec. 20, Coinbase Institutional stated that the crypto winter will extend well into 2023, especially for altcoins. Company analysts expect digital asset selection will transition towards “higher quality names” like Bitcoin and Ethereum. This is based on several factors, such as sustainable tokenomics, the maturity of respective ecosystems, and relative market liquidity. They were not confident that altcoins would see much momentum next...