Markets

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,...

Stellar lumen price started a fresh decline from the $0.1158 resistance zone against the US Dollar. XLM price is now trading below $0.1080 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.1040 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.1040 and $0.1000 support levels. Stellar lumen price is trading below $0.1080 against the US Dollar, similar to bitcoin....

Ripple price surged and traded close to the $0.4000 resistance against the US dollar. The price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3300 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise steadily if it stays above the $0.3400 and $0.3350 support levels. Ripple price is correcting gains from $0.4000 against the US Dollar,...

Five-star hotel Palazzo Versace Dubai has started accepting cryptocurrencies as payment for stay, dining, and spa services. Guests can use BTC, ETH, and BNB to pay their bills, which will be processed through the Binance payment gateway. Palazzo Versace to Accept Crypto Payment   The 146-room ultra-luxury property ln Jaddaf Waterfront will also accept crypto payments for merchandise, mainly gifts and vouchers, on its e-commerce platforms, it said in a PR.  “Palazzo Versace’s...

[PRESS RELEASE – Majuro, Marshall Islands, 16th September, 2022] What’s better than low fees? No fees. Taking the lead among the top exchanges, Gate.io now has ZERO fees on all USD spot market trading pairs. This new fee elimination applies to more than 50 USD spot trading pairs, including mainstream assets like BTC, ETH, and more. USD-pegged stablecoins such as USDC, TUSD, PAX, BUSD, and more can be traded on USD spot pairs without the need for conversion and with no maker...

When it comes to crypto, we’re witnessing a wide array of new elements that have not been witnessed before. We are seeing several companies – from Celsius to Voyager Digital to Three Arrows Capital – filing bankruptcy and taking drastic measures to protect themselves from incoming volatility and other market-based problems, and there’s a lot at stake. Bankruptcy Is Becoming Too Common Situations like these are really bringing the space down. People are now viewing crypto...

After the recent volatility and price declines, bitcoin finally saw some relief by touching $20,000. Most altcoins have seen slight gains as well. Once again, though, Ripple stands out as the best performer from the larger-cap alts, while ApeCoin has soared by 16%. BTC Back at $20K It’s safe to say that the past week or so didn’t go all that well for the primary cryptocurrency. The asset had spiked to a multi-week high at just under $23,000 on September 13, but the overall...

Chainalysis’ recent report, called “The 2022 Global Crypto Adoption Index,” revealed that digital asset adoption has slowed down in the past 12 months due to the crypto winter but remains above pre-bull market levels. The leader from 2021 – Vietnam – was placed first again, while the Philippines and war-torn Ukraine followed shortly after. Interestingly, China (where the interest in bitcoin plunged significantly due to the crypto ban in 2021) re-entered the top 10. The New...