Markets

Bit Nile – a diversified holding firm – has announced it’s establishing a new bitcoin-based marketplace that will utilize and leverage the power and technology of blockchain. Bit Nile Aims to Simplify Blockchain The news is good because it is testament to the strength of bitcoin and the forces behind it. As we all know by now, the crypto space has been crashing and burning since the beginning of this year. Bitcoin, for example, is the world’s number one digital currency...

Despite the volatile markets, Chainlink (LINK) broke above $9.20 for the first time since August this year, recording a three-month high. The latest price appreciation was triggered by massive activity stirred by LINK wallets over the past five weeks. As per the crypto-analytic platform Santiment’s latest data, traders are “longing” LINK “aggressively.” 🔗 #Chainlink spiked all the way above $9.20 for the first time since August 13th, a ~3 month high despite very volatile...

The growth of the online casino industry has accelerated over the past few years. This sector boasts an annual growth rate of 13.7%, with the market size expected to reach USD$145B by 2028. Among the main reasons for this is the legalization of gambling activities across the globe. Of course, some countries still hold strict views on the sector, but the reception has been pretty good in most parts of the world. Internet and technology have also made it easier for...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

ADA price failed to surpass the $0.440 resistance and declined against the US Dollar. The price is now trading below $0.420 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.402 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.380 support zone. Cardano price is struggling below $0.42 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price started a fresh decline from the $1,680 zone against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $1,530 on the 4-hours chart (data feed from Coinbase). The pair could decline heavily if there is a clear move below the $1,500 support zone. Ethereum price is struggling below $1,600 against the US Dollar. ETH/USD remains at a risk of more...

Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have also tapped an all-time high, possibly signaling worry among depositors about the safety of their funds.  FTX Withdrawal Wave According to a tweet thread from CryptoQuant CEO Ki Young Ju,  FTX currently has $104.9 million worth of stablecoins in its on-chain reserves. Yesterday, he...

A topic we have repeatedly covered over the past several weeks is how crypto continues to falter. Crypto Is Still a Tough and Resilient Industry The price of bitcoin, for example (the world’s number one cryptocurrency by market cap), has fallen from its all-time high of $68,000 per unit achieved a year ago into the low $19K range at the time of writing. This is a dip exceeding 70 percent, while the crypto space has lost a total valuation exceeding $2 trillion at this...