Markets

Block Inc. – the parent company of Square – is a company run by former Twitter CEO Jack Dorsey. As a payment processor, the company has been focusing heavily on bitcoin in recent years given how much Dorsey has become a fan of the world’s number one digital currency by market cap. However, according to analyst Dan Dolev who works with Block, the firm is suffering heavily due to this newfound love of BTC, and he says it could ultimately be brought down from its present...

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The start of the week begins with little-to-no substantial movements from most cryptocurrencies, as bitcoin has stalled around $19,000. The altcoins are slightly in the green, except for XRP. Aside from the daily price dip, the asset is down double-digits on a weekly scale. Bitcoin Calms at $19K BTC experienced a lot of volatility at the end of last week, when the US CPI numbers came out. Although they were almost as expected, bitcoin headed straight south, as it typically...

Stellar lumen price started a fresh decline from the $0.1300 resistance zone against the US Dollar. XLM price is now trading below $0.1200 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.1140 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.1100 and $0.1065 support levels. Stellar lumen price is trading below $0.1200 against the US Dollar, similar to...

Singaporean financial services firm DBS Bank believes that Bitcoin remains an unprecedented opportunity despite concerns about the high volatility in the crypto market.  During a recent media briefing, DBS stated that Bitcoin’s ability to process continuous transactions without needing a central counterparty for clearing makes it an unprecedented opportunity in history.  DBS Exec: Bitcoin Is Driven by Its Utility  The bank’s investment strategist and senior vice president...

Bitcoin’s price has been trapped inside a consolidation range between $18K and $25K for months already, and is trading sideways with extremely low volatility. However, the primary cryptocurrency is now closer to the lower boundary of the range around $18K, and if this level breaks, we can expect new yearly lows. Technical Analysis By Shayan The Daily Chart The following chart indicates that the market suffers from insufficient activity and a lack of demand. As a result, the...

With October becoming one of the worst months in terms of hacks against crypto platforms, Mango Markets – a Solana-based DeFi project – stood out with an exploit worth about $115 million. The latest developments brought some relief to affected users but also showed how a hacker could profit legitimately by founding vulnerabilities in DeFi protocols. The Multi-Million Hack CryptoPotato reported earlier this week when the Solana-based project became the latest victim to a DeFi...

After the enhanced volatility at the end of the working week, bitcoin has calmed and stands firm at $19,000. Most altcoins are also quite stagnant now. On a weekly scale, though, there’re some evident winners, such as Huobi Token, and losers, like Cardano. Bitcoin Calms at $19K The latest US inflation numbers – 8.2% – announced on Thursday returned some of the recently lost volatility in the crypto markets, pushing bitcoin from $19,000 south to a multi-week low of $18,200....