Markets

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Short-term sentiment surrounding bitcoin appears to have fallen to a new low. The move coincides with the crypto market experiencing its most bearish conditions since 2018. People Don’t Feel Great About Bitcoin Right Now The price of bitcoin has fallen by more than 70 percent since its all-time high of $68,000 per unit in November of last year. At the time of writing this article, bitcoin is trading in the low $19,000 range, and while this may be a nice little jump from...

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Solana price started a decent increase above the $28 resistance against the US Dollar. The price is now trading above $30.00 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $31.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $33.00 and $33.80 to continue higher in the near term. Solana price is trading above $31 against the US Dollar, similar to bitcoin. SOL could start a...

Mohamed El-Erian – Chief Economic Adviser at Allianz – thinks bitcoin will never emerge as a global reserve currency, and its price will not surpass the $100K milestone. Still, he believes the cryptocurrency sector will survive the ongoing bear market and remain a vital part of “the ecosystem of payments.” Bitcoin Isn’t Going to the Moon In a recent interview for CNBC, El-Erian described bitcoin as a technological innovation that reached its peak (nearly $70,000 in November...

The finalization of the Twitter-Musk deal triggered a massive price expansion for the first-ever memecoin, which has soared by nearly 100% in less than a week. As a result, DOGE addresses richer than $1 million surpassed 1,000 for the first time since April 2022. The cryptocurrency market has recently taken a breath of fresh air after several months of prolonged crypto winter, and Dogecoin has been at the forefront. The token’s price started surging on the news that Elon Musk...

Bitcoin fell again in mid-October following the release of a jobs report that showed the Labor Department adding less than 264,000 jobs during the previous month of September. This was considerably less than what many analysts and labor experts felt would occur. Jobs Didn’t Look Great in September The jobs report resulted in massive hits to the crypto market, with bitcoin falling by more than three percent and eventually settling in the $19,300 range. Ethereum and many...

[PRESS RELEASE – Please Read Disclaimer] Just over a year after the launch of the Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based decentralized exchange (DEX) is set to be a game-changer for digital asset trading and DeFi. In the last few years, DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the automated market maker (AMM) model popularized by...

Leading American cryptocurrency exchange Coinbase is seeking permission to file an amicus brief, also known as “friend of the court,” in support of Ripple Labs’ ongoing court case with the United States Securities and Exchange Commission (SEC).  According to a court document submitted on October 31, the exchange sought permission from Judge Analisa Torres of the United States District Court for the Southern District of New York Judge to file the petition against the...