Markets

The leading financial services company – JPMorgan Chase & Co. – revealed that its clients have drastically dropped their interest in using cryptocurrencies as a payment method in the past few months. However, the organization assured that it will still support consumers who want to employ digital assets as a means of payment. Not so Popular any More The ongoing crypto winter seems to have affected people’s interest in the asset class. In a recent interview for Bloomberg,...

UK-based crypto market maker Wintermute suffered a loss of approximately $160 million. In a series of tweets, the company’s founder and chief executive, Evgeny Gaevoy, revealed that the decentralized finance operations had been compromised. The centralized finance and over-the-counter verticals have not been affected. Blockchain security expert Certik recorded that $162,509,665 had been stolen over 13 transactions and speculated that the exploit could have resulted from a...

ADA price failed to surpass the $0.500 resistance and declined against the US Dollar. The price is now trading below $0.480 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.462 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.432 support zone. Cardano price is struggling below $0.48 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price started a fresh decline from the $1,780 zone against the US Dollar. ETH price is now trading below $1,500 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,390 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,280 zone. Ethereum price is struggling below $1,500 against the US Dollar. ETH/USD remains at a risk of more...

INTERNET CITY, DUBAI, Sep. 14, 2022 – LBank Exchange, a global digital asset trading platform, has listed GanderCoin (GAND) on September 14, 2022. For all users of LBank Exchange, the GAND/USDT trading pair is now officially available for trading. As India’s first crypto coin, GanderCoin (GAND) is designed to re-structure traditional payment methods and introduce a completely new form of payment to the cryptocurrency industry. Its native coin GAND has been listed on...

Mike McGlone – Senior Commodity Strategist at Bloomberg – argued that the crypto winter might last longer than previous market declines and the reason for it is the “Fed’s sledgehammer.” In the next few years, though, he expects the industry to emerge stronger than ever, with Bitcoin tapping $100,000 and Ethereum trading at $6,000 by 2025. He also touched upon “The Merge,” claiming that the event got “too hyped,” which is now causing short-term pain to investors. He also...

Nicholas Merten – a veteran cryptocurrency analyst and founder of DataDash – has called for Bitcoin to sink to $14,000 following its plunge below $19,000 over the weekend.  The analyst cited both technical and macroeconomic factors, including an indicator that he calls “absolutely damning” for Bitcoin’s price.  Deeper Waters for Bitcoin? In a video published on Monday, Merten pointed out that Bitcoin’s 200-week moving average (WMA) has turned into a level of price resistance,...

After Ethereum’s switch to a proof-of-stake, the bears took control of the market. Investors have turned away from high-risk assets like equities and cryptocurrencies. The ETH weekly candle closed at $1,334 yesterday, which is a new low. Technical Analysis By Grizzly The Daily Chart The price is currently down 27% from the high of $1,789 reached on September 11th. The lowest level touched in today’s session is $1,280, which is just above the 200-week moving average (in...

On the nervous global backdrop, the much anticipated “Merge” eventually transpired as a sell-the-news type of event. Cryptocurrencies suffered fresh declines in the wee hours of Monday morning. The global market cap fell to $909 billion, with a trading volume of $79.54 billion over the past 24 hours. Major assets such as Bitcoin and Ethereum slid below $19k and $1.3k, respectively, recording double-digit losses in the past day alone. With the palpable nervousness across...

Brian Armstrong – the CEO of Coinbase – has issued a statement on the current position of bitcoin and crypto in general that’s got quite a few people worried. He said that he cannot predict what’s going to happen in the coming future, and he has also warned that virtually anything could happen. So, what does that mean? Coinbase Has Been Moving Up and Down The state of the crypto market isn’t doing well as of late. Despite a recent bull run in the later weeks of August,...