Markets

It has been a rough start in the new year for bitcoin. The world’s leading digital currency by market cap has lost approximately $30,000 from its price in just the past 2.5 months alone, and yet there are many analysts out there claiming that buying more may be the right move to make. Bitcoin Investors Shouldn’t Give Up If you had purchased $1,000 in bitcoin early in the year, it is estimated that you would only have about $800 left right now. With such a loss, one would...

Solana ecosystem wallet, Phantom, has recently raised $109 million in a Series B funding round led by the crypto venture capital firm, Paradigm. Phantom Hits $1.2 Billion Valuation With the latest cash injection, Phantom has now attained the status of a crypto unicorn firm, as the funding brings its market value to $1.2 billion. In an official blog post published on Monday, Phantom noted that the funds raised will be used to improve the wallet’s technical capabilities. These...

While bitcoin is recovering from its massive 50% crash since reaching the ATH in November 2021, the onchain and technical indicator are not showing strong momentum and signs of a bull run renewal. The market structure is similar to 2021’s Jun – July bottom, and without a catalyst, a likely case for bitcoin is to be traded sideways in the mid-term. Technical Analysis By: Grizzley Long-Term: The Daily On the daily timeframe, by examining historical data of the previous two...

Bitcoin has been incurring heavy dips as of late. Just a few months ago, the world’s number one digital currency by market cap was trading for a whopping $68,000 per unit, but now, the asset has lost nearly $30,000 from its price, and according to many analysts, the year is going to get a lot worse for the currency given that the Federal Reserve is looking to hike rates again. The Federal Reserve Is Pushing Rates Higher This would normally not be a huge deal. Rates...

Experts at the Portland division of the Federal Bureau of Investigation (FBI) are telling people what they can do to avoid cryptocurrency scams, which have seemingly become much more prominent and aggressive over the past few years. The FBI Says Crypto Scams Are On the Rise It seems like crypto-based crime has become a serious issue given that the prices of many leading digital currencies such as bitcoin have surged in recent years. Just two months ago, the world’s...

History shows that January tends to be a rather negative month for bitcoin in terms of price performance. The 2022 edition didn’t go well either, as it became the third-worst January in the past decade with a near 17% decline. January 2022 Ended With Substantial Retracement Ever since the middle of November, when the entire crypto landscape seemed highly bullish riding the waves of the first-ever Bitcoin futures ETF launching in the US, the market has been in a knockdown...

BTC briefly accounted for almost 42% of the overall crypto market cap in late January, according to the statistics from CoinMarketCap and TradingView.Bitcoin (BTC), since the jump, has been the biggest thing in the crypto scene. Its dominance for some time was unrivaled as the digital coin somewhat decided the outcome of the market with its performances, taking altcoins along for a ride in either win or loss scenarios.The influx of new altcoins into the crypto market, all with the same...

While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans.While cryptocurrency prices have plummeted severely over the last two months, crypto asset management platform Bakkt (NYSE: BKKT) has witnessed a deeper correction in its stock price. Shares of Bakkt Holdings Inc (BKKT) are down by more than 90% since October 2021.While the BKKT stock was trading above $40 by October end, it was available under $4.0 last...

DeCurret is also championing the development of a Japanese Yen-backed stablecoin through a consortium of 70 of the country’s biggest companies and banks.Hong Kong-based global cryptocurrency platform, Amber Group has announced its acquisition of DeCurret Inc, the crypto-asset exchange subsidiary of DeCurret Holdings Inc for an undisclosed sum. The acquisition was made by Amber Group’s local subsidiary WhaleFin Japan, and it opens the door to the Japanese market for the company to propound its...

Coinbase announced support for two major SOL coins – FIDA and ORCA. this is for the first time that Coinbase is supporting non-Ethereum coins.In a high relief for Solana investors, SOL has reversed the downfall gaining 16% in the last 24 hours. As of press time, SOL is trading 16.96% up at a price of $106 with a market cap of $33.4 billion. The latest price surge in Solana  (SOL) comes partly because of the broader market recovery and partly due to the Coinbase announcement. On Monday,...