Markets

An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The audit allows any user of the exchange to confirm the safety of their Bitcoin balance using on-chain data.  As verified by the Mazars Veriitas auditing service, Binance’s Bitcoin was 101% collateralized as of November 22nd. That means it holds Bitcoin slightly in excess of its liabilities/customer assets, which amount to...

Binance US – the American branch of the world’s largest crypto exchange – has eliminated all Ether (ETH) spot trading fees just six months after doing the same for Bitcoin (BTC) pairs on the platform.  The zero-fee model will expand free trading to the platform’s ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs. In a press release shared with CryptoPotato, Binance US revealed that it will be consolidating its pricing tiers into a single tier in January 2023. Tier I assets will...

Bitcoin and crypto markets are a full year into bear territory, and it has been about that time when the cycle bottom occurs. During the previous bear market, it came in December 2018, a year after the Bitcoin price peak. This time around, BTC has fallen 75% from its peak a year ago, and bottom signals are mounting up. On Dec. 6, Capriole Fund founder Charles Edwards took a deep dive into the on-chain data. He discovered that there were several signals suggesting it could be...

After flirting with and above the $17K level for a few days, Bitcoin’s price has been unsuccessful in charting any significant gains above it. Finally, the bears seem to have taken over and pushed the cryptocurrency below it. This happens as the entire market capitalization lost around $20 billion in the past 24 hours, and altcoins are predominantly trading in the red. Bitcoin’s Price Losing $17K The past 24 hours haven’t been particularly favorable throughout the entire...

Tron price started a downside correction from the $0.0550 level against the US Dollar. TRX price is now trading below $0.0535 and the 55 simple moving average (4-hours). There was a break above a declining channel with resistance near $0.0532 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.055 resistance zone. TRON price started a fresh increase above $0.052 against the US Dollar, similar bitcoin. TRX price could rise further if it clears...

Bitcoin price started a recovery wave above the $16,500 support against the US Dollar. The price is now trading above $16,600 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $16,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover further if it clears the $17,420 resistance zone. Bitcoin price is recovering above $16,600 against the US Dollar. BTC might extend its recovery if it stays above the...

[PRESS RELEASE – Please Read Disclaimer] The exchange sees users growth while the market sentiment seeks a safe and compliant trading platform Seychelles, December 5, 2022 – Leading global cryptocurrency exchange, Bitget launches its Seed NFTs collection, together with attractive rewards and various perks, and will airdrop NFTs to qualified FTT holders amidst the World Cup period. With a reward pool of close to USD 2 million, this NFT collection is a part of the initiatives...

The host of CNBC’s Mad Money show – Jim Cramer – said cryptocurrency investors still have time to sell their “awful” positions. His previous advice has often been inaccurate, prompting numerous participants to anticipate a market surge after the latest comments. Cramer’s on the Spotlight Again During his most recent show, Mad Money’s host urged investors to cash out their cryptocurrency at all costs. He thinks “it’s never too late” to exit the market, hinting the crypto...

A rumor was swirling around online that the nation of El Salvador in Central America had tons of bitcoin locked away in the FTX exchange, which has now filed for chapter 11 bankruptcy. However, many industry heads – including Changpeng Zhao of Binance, the company that at one point was likely to purchase FTX and save it from its present string of problems – are saying this is not true, and that the country is not in any danger. El Salvador Says It’s Not Tied to the Failed Exchange El...

Following a ruthless price action in November, Ripple is now attempting to recoup its losses alongside the rest of the cryptocurrency market. Although it was expected that optimism regarding the SEC action would result in positive market movements, this is yet to come to fruition. Technical Analysis By Grizzly The Daily Chart On the daily chart, XRP initiated an uptrend after touching the major horizontal support (in white) at $0.31, rising 22% from the local low. The 14-day...