Markets

The payroll and job reports from the world’s largest economy were slightly above expectations for September. However, BTC reacted with a sharp price decline, as it typically happens when the US publishes any sort of data lately. Although the numbers for September are below August and the average for 2022, the States added 263,000 new jobs during the month, and the unemployment rate decreased to 3.5%, said the Bureau of Labor Statistics. These figures are slightly above...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...

Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history.  An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million.  Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary” pause is due to “irregular activity,” and a “potential exploit.” “All systems are now contained, and we are immediately investigating the...

The world’s largest cryptocurrency platform – Binance – received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform and provide custodial services in the country. Earlier this month, the company and the Kazakhstani monetary regulators signed a Memorandum of Understanding (MoU) to create a safe environment for domestic crypto investors and diminish crime in the sector. Two months ago, Binance obtained in-principal...

Investors are currently fleeing bitcoin and gold amidst a strengthening US Dollar and rising interest rates. This has negatively impacted both – the world’s largest crypto and the precious metal. As a result, the correlation between the two has shifted and has hit its highest level in more than a year. Bitcoin and Gold Correlation Over the past year, bitcoin has been mostly uncorrelated with gold. Its correlation hovered between negative 0.2 and positive 0.2. But this year...

Now that The Merge is in full swing, is it possible Ethereum could potentially flip bitcoin and become the largest and most powerful digital currency in the crypto space? Will Ethereum Overtake BTC? Many analysts have been talking about what they refer to as the “flippening” for some time. The idea is that Ethereum will eventually become so strong it could ultimately outdo bitcoin, and what was once the world’s second largest digital currency by market cap will become...

The market is currently attempting a recovery that might take the price up to $22K after being supported by the critical $18K level. However, there is significant resistance at around $20K. The bearish phase appears far from over as the substantial lack of demand in the market continues. Technical Analysis By Shayan The Daily Chart The descending multi-week trendline (currently at $20.5K) has been acting as significant resistance to the price for the past five months....