Markets

El Salvadorean President Nayib Bukele’s ambitious Bitcoin Law has met staunch opposition. However, Bitcoin bull Max Keiser believes the grand experiment could help El Salvador become the equivalent of a city of London in Central America. El Salvador and Bitcoin In conversation with Diario El Salvador, Keiser said El Salvador could become a Bitcoin ‘hub’ for Central and Latin America. He noted that London was one of the three largest financial centers in the world before...

It’s been a very positive week for the entire cryptocurrency market. Following a prolonged period of depressing price action, the market finally bounced and managed to reclaim the coveted $2 trillion total capitalization. Let’s have a look at how it happened. Bitcoin’s price was trading at about $40,000 last week when on Saturday, it surged convincingly and consolidated around $41,500. The cryptocurrency spent a few days there, but all this changed on Monday when bulls took...

Bitcoin cash price started a fresh increase above the $300 level against the US Dollar. The price is now trading above the $320 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $340 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could test the $320 support before it might start a fresh increase in the near term. Bitcoin cash price is gaining pace above $320 against the US...

Fitch cited policy unpredictability stemming out of the increased concentration of power in the presidency, weakening institutions, and the legalization and adoption of Bitcoin as the reason for lowering the rank. Reasons Behind The Move As per the official post, “heightened” financing risks arising from growing dependency on short-term debt reflects Fitch’s move of downgrading El Salvador. It also pointed out the limited scope of the country’s domestic market financing as...

The liquidations in the crypto market skyrocketed to $200 million on a daily scale as bitcoin, and most altcoins, dumped and pumped in a matter of hours. This came following reports about the US inflation rates, which spiked to a new 40-year high. CryptoPotato reported earlier today when the primary cryptocurrency had reclaimed $44,000 and seemed rather calm around that level. However, BTC neared $45,000 in the following hours, but the bullish run was stopped in its tracks...

In the last few years, game lovers have been given more options, especially with the rise of non-fungible tokens. As the NFT space continues to grow around the world, gaming is clearly not being left behind. The last few months have seen more NFT-based games being released into the market and further exploring what can be done with NFTs. Now, DarleyGo, a GameFi NFT-focused horse racing game, recently had its NFT sale on Magic Eden on January 23. During the sale, 3,800 Genesis...

The world’s largest cryptocurrency exchange continues with its expansion as this time it aims at one of the most well-known magazines and digital publishers – Forbes. Binance has agreed to invest $200 million in the century-old company to help it merge with a SPAC. Citing unnamed sources, CNBC reported on February 10th that the Changpeng Zhao-led crypto exchange plans to allocate $200 million into Forbes. The idea is to help the magazine and online publisher to merge with a...

Amid the financial market digitalization, analytics recorded active growth of the DeFi industry. Projects in the decentralised finance segment became a breath of fresh air in the world, vexed with the banking sector monopoly. We are sharing why DeFi is the future of the financial market and how to profit from it. Why DeFi is the future of the financial market: 3 reasons Crypto community members that actively utilise DeFi opportunities, name plenty of decentralised...

EOS price started a fresh increase above the $2.45 resistance zone against the US Dollar. The price is now trading above $2.50 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2.45 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend increase if it stays above the $2.45 support zone. EOS price is showing bullish signs above $2.50 against the US Dollar, similar to bitcoin. The...

Litecoin price started a fresh increase above the $120 resistance against the US Dollar. LTC price is now trading above $130 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $130 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $130 and $125 support levels. Litecoin price is gaining pace above $130 against the US Dollar, similar to bitcoin. LTC...