Markets

Bitcoin’s price is approaching a key resistance area as the markets are patiently waiting for the CPI release next week. Both the chart and the high probability of another decline showing in the inflation readings are suggesting that a turning point for Bitcoin may be near. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is still trapped in a large descending channel and has yet to break it to either side. This pattern is typically an early sign of...

Amber Group reportedly raised just half of its $100 million funding round and halted its global expansion efforts due to the ongoing bear market. The company recently laid off a portion of its staff after previously admitting it has been an “active trading participant” on the bankrupt crypto exchange FTX. Change of Plans Amber Group raised hopes at the beginning of 2022 that it will manage to boost its valuation nearly three times, reaching $10 billion. The shaken condition...

Despite the recent crash of the crypto space, despite everything bitcoin has cost him, Michael Saylor – the former head executive of MicroStrategy, a one-time software giant that has since transformed into one of the biggest bitcoin bulls out there – says bitcoin is going to be a winning asset in the end. Michael Saylor Will Never Give Up on BTC In a recent interview, he commented: Speaking for all bitcoiners, we feel we’re trapped in a dysfunctional relationship with crypto and we want...

Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of the catastrophes in the financial world.” Other incidents in the world of crypto so far this year include Terra’s collapse and the bankruptcy of...

Bitcoin cash gained pace above the $105 and $108 resistance levels against the US Dollar. The price is now trading above the $110 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $110 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $112 and $114 to continue higher in the near term. Bitcoin cash price is climbing above $110 against the US Dollar, similar to bitcoin. BCH/USD could...

On December 8, Binance, the world’s largest cryptocurrency exchange, announced its partnership with Master Class, an online education platform, to launch a course on cryptocurrencies and blockchain for the “crypto-curious” audience. The class will be led by Binance’s CEO and founder, Changpeng Zhao (CZ), and is a joint effort between both entities to build a better ecosystem —and prevent new users from losing their money. The master class, called “Crypto and the Blockchain,”...

Nonfungible Token (NFT) sales are still in the gutter since their boom in popularity last year – and FTX’s bankruptcy has done nothing to help their prospects.  Weeks after the exchange’s collapse, NFT volumes have plummeted to a 16-month low. According to data provided by Dappradar, NFT trading activity hasn’t seen such lows since July 2021, when OpenSea – the world’s largest NFT marketplace – was the only major trading venue in town.  Volumes soared close to $4 billion in...

What are some experts saying about the rise and fall of FTX, which at one point was one of the largest and most popular digital currency exchanges in the world? FTX Has Crashed and Burned Craig Erlam – senior market analyst at Oanda – recently formed the following opinion about all the drama surrounding the crypto trading platform: For a long time, bitcoin has aligned itself with broader risk appetite in the markets, but it goes without saying that Tuesday was not one of those days....

The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the services provided by the latter has taken a serious hit. A new report by Dapp Radar suggested that the non-fungible token (NFT) market has not been spared by the downtrend either. DeFi, and NFT Winter Typically considered a potential antidote to the collapse, the total value locked across...

[PR – Southington, United States, 7th December, 2022, Chainwire] Bulls & Apes Project LLC (B.A.P.) introduces Community Tokenization, an industry-changing initiative. B.A.P., a web3 company with a vision to create a world of infinite opportunities, launched its inaugural collection on May 31, featuring an industry-first 6-Month ETH-Back Guarantee, and has defied bear market conditions by continually delivering value and building a robust community. Many NFT projects...