Markets

After yesterday’s massacre, bitcoin slipped slightly more and dropped to another multi-month low. Most altcoins are in a similar position, with Terra losing the most value on a daily scale. In contrast, TRON, Algorand, and Monero have charted impressive gains. Bitcoin’s Latest Low It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. In fact, the cryptocurrency had spiked toward $40,000 earlier this week, after the latest FOMC meeting, in which...

Bitcoin’s price crashed to levels that we last saw on the day that Russia invaded Ukraine. Moreover, the entire market lost over $150 billion of its capitalization as the past 24 hours caused nothing but mayhem in the industry. Bitcoin’s price is down 9% in the past seven days, and it’s currently trading slightly above $36K. This time last week, the cryptocurrency was sitting slightly below $39K, and the week was going relatively well. The price managed to increase towards...

The US Securities and Exchange Commission has approved yet another proposal for a futures Bitcoin ETF. According to the official document, Valkyrie’s XBTO Bitcoin Futures Fund is the latest such product to have secured approval from the SEC. Valkyrie XBTO Bitcoin Futures Fund was first filed in August 2021, and its approval follows that of Teucrium. However, the launch date has not been disclosed yet. Unlike its Canadian, European, and Latin American counterparts, the US...

The crypto market experienced a sharp drop yesterday, liquidating many long positions. A lot of cryptocurrencies are approaching their long-term support levels, and it remains to be seen how bulls will defend them. Technical Analysis By Grizzly The Daily Chart On a daily time frame, XRP moves down inside a descending channel (in yellow). The intersection point of the channel’s midline with the horizontal support at $0.5 (in green) is a crucial level to monitor. If the bulls...

Eng Taing is a real estate investor who loves making money. So much so that he’s now getting into crypto. Aside from putting his money into the housing market, he’s now established a new crypto mining firm consisting of about 261 machines. Eng Taing Has Set Up a Successful BTC Mining Firm In a recent article, Taing says that while crypto isn’t necessarily his first love, he sees the industry has a lot of potential. Thus, he wants to be in on the wealth secrets that the...

Bitcoin has broken the $37K support to the downside as the price crashed more than 10% yesterday. This could trigger a bearish scenario towards the $30K demand zone. Technical Analysis By: Edris Daily Chart:  Considering the current market structure, the 100-day and 50-day moving averages seem likely to chart a bearish cross in the next few days, further aggravating the selling pressure. On the other hand, if the price can close above the $37K level soon, the bearish...

The Central Bank of the Argentine Republic (BCRA) prohibited domestic financial institutions from facilitating crypto opportunities. The announcement comes a few days after two of the largest local banks – Banco Galicia and Brubank – revealed they will allow clients to purchase digital assets via their official websites. Argentina’s Central Bank Blocks the Crypto Offerings Earlier this week, the largest private bank in Argentina in terms of market value – Banco Galicia – and...

INTERNET CITY, DUBAI, May. 6, 2022 – LBank Exchange, a global digital asset trading platform, has listed Beau Cat (BUC) on May 6, 2022. For all users of LBank Exchange, the BUC/USDT trading pair is now officially available for trading. As a comprehensive beauty platform, Beau Cat (BUC) utilizes the power of blockchain to open up the future beauty market by simultaneously conducting non-face-to-face and face-to-face services. Its native token BUC has been listed on LBank...

Bitcoin cash price started a fresh decline from the $300 resistance against the US Dollar. The price is now trading below the $280 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $281 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $270 support zone in the near term. Bitcoin cash price is struggling below $300 against the US...

Crypto adoption in the United Kingdom continues to rise, with a reported 33% of the country’s consumers having previously invested in such assets. The figure is up 4% from six months prior, and is second in Europe only to the Netherlands’ whopping 47% statistic. Britons Buying Bitcoin The stat was gleaned from a bi-annual analysis conducted by Qualtrics, on behalf of cryptocurrency exchange Coinbase. It found that 61% of Britons who already own cryptocurrency plan to increase...