Markets

A recent estimate by the Russian government has revealed that locals currently own more than 16.5 trillion rubles ($214 billion) worth of cryptocurrencies. Russians Control 12% of Crypto Market According to a Bloomberg report on Tuesday, this figure represents approximately 12% of the total value of global crypto holdings or one-third of the market cap of Russia’s stock index. Citing unidentified people familiar with the matter, the report noted that the crypto holdings...

Cryptocurrencies are here to stay and soon mainstream investors will realize the vast opportunity within the down market residing across multiple blockchains. The so-called Crypto Winter will end at some point and no endless talk of regulatory restrictions will be able to contain investor interest in decentralized finance. Regardless of the current market conditions, some new tokens have weathered the storm pretty efficiently by offering true value and future potential. ...

There’s no denying that cryptocurrencies are taking over the global financial industry. Millions of people use them on a daily basis and the field has grown tremendously, especially in the past couple of years. A lot of blockchain API platforms have also appeared on the market as a way to cater to the needs of crypto users. One platform that’s attempting to make strides in this field is Chaingateway. What is Chaingateway? Chaingateway is a REST API that allows registered...

The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the performance of the Bloomberg Grayscale Future of Finance Index. The statement dated February 2nd informed that the new product’s ticker will be GFOF. It will aim to build “upon the thesis that the digital economy will boost global commerce, drive market efficiencies, and provide...

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Tron price started a decent recovery wave above the $0.0580 level against the US Dollar. TRX price is now trading above $0.0580 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0585 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if there is a clear break above the $0.0620 resistance. TRON price started a fresh increase above $0.0580 against the US Dollar, similar to bitcoin. TRX...

Bitcoin price started a fresh increase from the $33,000 zone against the US Dollar. The price is now trading above $36,000 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $37,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a strong upward move if there was a break above the $40,000 resistance. Bitcoin price is still trading below $40,000 against the US Dollar. BTC might start...

It has been a rough start in the new year for bitcoin. The world’s leading digital currency by market cap has lost approximately $30,000 from its price in just the past 2.5 months alone, and yet there are many analysts out there claiming that buying more may be the right move to make. Bitcoin Investors Shouldn’t Give Up If you had purchased $1,000 in bitcoin early in the year, it is estimated that you would only have about $800 left right now. With such a loss, one would...

Solana ecosystem wallet, Phantom, has recently raised $109 million in a Series B funding round led by the crypto venture capital firm, Paradigm. Phantom Hits $1.2 Billion Valuation With the latest cash injection, Phantom has now attained the status of a crypto unicorn firm, as the funding brings its market value to $1.2 billion. In an official blog post published on Monday, Phantom noted that the funds raised will be used to improve the wallet’s technical capabilities. These...

While bitcoin is recovering from its massive 50% crash since reaching the ATH in November 2021, the onchain and technical indicator are not showing strong momentum and signs of a bull run renewal. The market structure is similar to 2021’s Jun – July bottom, and without a catalyst, a likely case for bitcoin is to be traded sideways in the mid-term. Technical Analysis By: Grizzley Long-Term: The Daily On the daily timeframe, by examining historical data of the previous two...