Markets

Bitcoin – the world’s number one digital currency by market cap – has hit a new all-time high of roughly $68,000 per unit. Bitcoin Hits a New Peak While the currency is back down in the $67,000 range at the time of writing, we are clearly seeing a strong pattern. 2021 has been the year of all-time highs for bitcoin, as the currency first rose to about $64,000 per unit before stepping back and rescinding some of its gains. The bearish period that came soon after lasted...

The popular cryptocurrency lender – Nexo – has announced a buyback program for its native token worth $100 million. The company estimates that the entire process will be completed within the next six months. Nexo’s $100M Buyback Program The press release shared with CryptoPotato informed that the company’s Board of Directors had approved the program, authorizing it to “discretionally repurchase” the native token Nexo in the open market periodically. The procedure has already...

The futures market experienced a moderate reset in the funding rate. The recent price volatility in the range between $58 and $69K has caused it to decline. However, similar to the price rally from the COVID crash in 2020, a rising macro trend in the funding rate becomes obvious. At the same time, the momentum of the open interest has also dropped through the last two weeks of volatile price movements. Chart by CryptoQuantThe market has the same structure that we saw in...

One of the largest Bitcoin mining companies in the States – Marathon Digital – plans to raise $500 million through the issuance of senior convertible notes. The firm wants to use the proceeds to buy bitcoin and BTC mining machines. Founded over a decade ago, Marathon Digital Holdings is among the largest publicly-traded BTC mining companies. The firm’s announcement from earlier on November 15th outlined its plans to “offer, subject to market and other conditions, $500,000,000...

Stellar lumen price is consolidating above $0.3500 against the US Dollar. XLM price is now trading above $0.3600 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair could start a fresh increase if there is a clear break above the $0.4000 resistance. Stellar lumen price is trading well above $0.3500 against the US Dollar, similar to bitcoin. XLM price must...

Ripple price declined below $1.25 and tested the $1.165 support against the US dollar. The price is now trading near $1.21 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above $1.235. Ripple price is slowly rising above $1.20 against the US Dollar, unlike bitcoin. XRP price must...

INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, the blockchain technology and crypto are changing its economic landscape dramatically. Limocoin Swap (LMCSWAP) is a token created to allow,...

Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH. Bitcoin’s Consolidation Rolls On Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday...

Verlux is pleased to inform the crypto community about start of its Token Sale. Verlux visions to build the biggest Cross-Chain NFT Marketplace on the Cardano Blockchain. The Verlux platform allows users perform an efficient and seamless swap of NFTs from other Blockchains to the Cardano Blockchain. Its aims for NFTs to utilize the low transaction cost, fast transaction and security of the Cardano ecosystem. The Future is NFT Since the introduction of the NFT blockchain...

The United States-based cryptocurrency exchange Kraken predicted that bitcoin could increase to almost $100,000 by the year’s end and could even surpass that mark, according to some technical instruments. Bitcoin Is Set Towards New Heights In its “October 2021 Market Recap & Outlook,” the veteran platform – Kraken – explained its bullish prediction with past events. It pointed out that Q4 is usually a highly successful period for bitcoin. As such, if the leading digital...