Markets

The past week was particularly eventful, and that’s reflected in the overall performance. The total cryptocurrency market capitalization is up almost $100 million as most of the coins are well in the green. Let’s unpack. Starting with Bitcoin, it’s up 5.2% over the week and is currently trading around $24,000. This time last week, the cryptocurrency was hovering around the $23K area, where it remained until Monday, when the price took off and reached $24K. The euphoria was...

App Swarm, Corp. – a company that focuses on mobile development, crypto assets, non-fungible tokens (NFTs), and cybersecurity solutions – is boosting the amount of crypto equipment it’s employing to focus more on mining Ethereum, the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin. App Swarm Says It’s Mining a Lot of ETH It’s a unique situation given that so many hobby miners and small mining companies appear to be suffering...

Bitcoin cash price started a fresh increase from the $130 zone against the US Dollar. The price is now trading above the $140 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $136 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $146 and $150 to continue higher in the near term. Bitcoin cash price is climbing above $140 against the US Dollar, similar to bitcoin. BCH/USD...

Federation – a psy-punk music project – has unveiled a new limited edition non-fungible token (NFT) album it’s calling “F.” The album is only available on RCRDSHP, an NFT platform that features a wide variety of collectibles all purchasable by cryptocurrencies such as bitcoin. Federation NFT Album “F” Now Available to Buy The NFT space has gotten huge in just the last two years alone. While NFTs have technically been around since 2017, they expanded heavily in 2020 –...

The bitcoin price isn’t doing very well as of late, but this isn’t deterring people from thinking the world’s number one digital currency by market cap won’t make a huge comeback next year. A New Poll Suggests Major Recovery for Bitcoin According to a recent poll, many crypto advocates and traders believe the digital currency could head to the top of the financial ladder in 2023. In fact, many of them believe that the currency could nearly double by the end of 2023,...

The crypto market has seen a flurry of activity over the past few days, and Ethereum was no exception; most of the conversation centered around inflation and the Merge event. At long last, it seems that calmness has prevailed on the market, and everyone is waiting for ETH to reach the crucially important level of $2000. Technical Analysis By Grizzly The Daily Chart Ethereum has recorded an astonishing 16% gain in the past two days as it touched a high of $1930 at the time of...

BlackRock has followed up its Coinbase partnership with its first institutional crypto investment product: a private bitcoin trust that offers direct exposure to spot BTC price action. BlackRock has debuted its first investment product offering direct exposure to bitcoin, according to a statement issued on Thursday (August 12, 2022). The product is a private bitcoin trust for institutional clients based in the US that offers direct exposure to the spot price of the largest...

Ankr is a well-known Web3 infrastructure provider. In a nutshell, the protocol works in the background, but it makes using decentralized applications, wallets, as well as crypto-based games possible by connecting them to the blockchains that they need to communicate with. Known for its continuous support for the BNB Chain by introducing BNB Liquid Staking, as well as building some of its core infrastructures, including their Erigon upgrade, Ankr has now received a strategic...

Omnia Markets, Inc.  – an artificial intelligence platform that offers crypto data and industry market information – is launching a new We Funder campaign to garner support for its new cryptocurrency education tool that will help investors understand the volatility that comes with digital assets. Omnia Markets Wants Educated Investors Many of the world’s biggest virtual currencies, such as bitcoin and Ethereum, will often experience heavy price swings that make the...

CryptoPunks is arguably one of the most iconic collections of NFTs – the one that ignited the niche’s bull market in 2021 and throughout the first few months of 2022. It appears that users are showing renewed interest in the non-fungible tokens as data reveals a soaring trading volume over the past 24 hours. Data from popular DApp resource DappRadar reveals that the interest in the CryptoPunks NFT collection is soaring over the past couple of days. The total trading volume...