Markets

BitMEX co-founder and renowned crypto essayist, Arthur Hayes, thinks the worst of this year’s Bitcoin bear market has come to pass.  The former CEO believes the three major cohorts of forced Bitcoin sellers – trading firms, miners, and speculators – have already capitulated, marking the bottom of Bitcoin’s market cycle.  How Bitcoin Gets Dumped As Hayes explained in a blog post titled PEDMAS on Friday, centralized lenders (CELs) begin by going bankrupt when they lend to...

The bear market has been relentless. The little upward momentum gathered last week came to halt. For the most part, the price action has been at the mercy of good and bad news. The whales are hibernating, and with little volatility, Bitcoin is, by far and large, directionless. But experts are impatiently gearing up for some movement that would change the current market dynamic. And volatility may not be very far away. In fact, this is what may put more pressure on the crypto...

Ray Youssef – Chief Executive Officer of crypto platform Paxful – said customers should never keep their bitcoin holdings on centralized exchanges.  Instead, they must self-custody their possession to prevent becoming victims in another crash similar to the FTX one. Don’t Trust Centralized Entities Youseff urged market participants to store their bitcoin in self-custody wallets. He said he feels responsible for Paxful’s millions of users, hence his recommendation: “As CEO of...

Tokenz Limited – a firm that seeks to provide blockchain-based sustainable practices – has launched its own digital currency exchange to permit customers to trade, purchase, and sell assets like bitcoin and Ethereum. The goal is to enable carbon exchanges within the free market. Tokenz Limited Is Bringing Its Own Exchange to Fruition Rimmi Sen – one of the directors of Tokenz Limited – commented in a recent interview: Tokenz’s platform has arrived with the aim to empower every type of...

The Dubai-based platform announced the launch of a Merkle Tree-based proof-of-reserve system to enable users to verify their assets deposited into the exchange as well as Bybit’s holdings. The verification is available in both trading and funding accounts. Bybit said that the new feature will also allow verification of the exchange’s wallet ownership and that assets are held with a 1:1 ratio. “With the release of the Merkle Tree, Bybit has further demonstrated its robust...

Markets are waiting for the arrival of the FOMC meeting, which has been creating uncertainty. Last night, XRP closed its second consecutive weekly red candle. This put the rising trend that began in mid-November on the edge of reversal. Technical Analysis By Grizzly The Daily Chart Ripple is trading below the 200-day moving average line (in white) on the daily chart and is expected to close a third consecutive candle below it. The descending triangle (in yellow), technically...

Ethereum has recently initiated a push and is currently confronting a significant resistance region. The price is consolidating, but a few other resistance levels could affect the short-term market outcome. Technical Analysis By Shayan The Daily Chart The 100-day and 50-day moving averages, standing at $1360 and $1320, prevent Ethereum’s price from going forward as it is currently consolidating below these levels with low volatility. A static resistance level at $1300 has...

What is a crypto custodian? It’s a company or person hired to protect your digital assets and prevent them from being stolen or falling into the wrong hands, and according to Matt Leitch – a social media marketer at Internet Pulse – the need for crypto custodians is getting stronger each day. Matt Leitch Argues That Crypto Custodians Are Very Necessary As time has gone by, the digital currency market has thrived, but it has also seen its fair share of bad actors. This has left to theft,...

Stellar lumen price is showing bearish signs below the $0.085 resistance zone against the US Dollar. XLM price is now trading below $0.0850 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0835 on the 4-hours chart (data feed via Kraken). The pair could accelerate lower unless there is a clear move above $0.085 and $0.090. Stellar lumen price is trading below $0.0900 against the US Dollar, similar to bitcoin. XLM price must stay...

Ripple price started a fresh decline from the $0.4180 resistance against the US dollar. The price is now trading below $0.3900 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.3900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bearish momentum if it breaks the $0.3720 support zone. Ripple price is struggling below $0.400 against the US Dollar, similar to bitcoin. XRP price must stay...