Markets

BTC is down a total of 6% over the week, as of now, while it currently battles to remain above $32K. The primary cryptocurrency has been trading inside a long period of consolidation between $30K and $40.5K since the mid-May capitulation candle and between $30K and $35K over the past month. This consolidation can be seen in the form of a bearish triangle, as shown below on the daily chart. Same as it happened over the past weeks when BTC tested the $30-31K lows, this week’s...

While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. On the other hand, some of the altcoins have bounced off since the recent price declines, with DOGE jumping by roughly 9% on a 24-hour scale. All Eyes on GBTC Unlocking After briefly exceeding $33,000 on Thursday, bitcoin started to retrace in value and lost about $2,000 in a day. The subsequent unsuccessful attempt by the bulls to recover...

SoftBank has made enormous investments into the crypto space recently. For example, it has invested $200 million in a Brazilian company Mercado Brazil.SB Northstar, an investment unit of Japanese corporation SoftBank, has agreed to invest $75 million in Block.one’s cryptocurrency exchange, Bullish. The filing done with the SEC on July 9, 2021, showed that SoftBank will buy $7.5 million units of shares at $10 each.The Tokyo-based company had previously invested $300 million in a private...

It is an established fact after lots of crypto traders have shared their experiences regarding crypto trading signals, which are a game-changer and an ideal way of optimizing your crypto trades according to these crypto traders. One thing we would emphasize the most is that the beginners and rookie crypto traders and investors should never rely just on the flukes or guesses in this market as there are many other factors and variables involved in the price fluctuations of...

Aside from a brief spike of over $1,000, bitcoin’s struggles continue as the asset is still well below $32,000. The alternative coins have also lost some more steam, with ETH standing beneath $1,900 and BNB close to breaking below $300. Bitcoin Dipped to a 3-Week Low BTC’s hurdles continue ever since the asset failed to breach $35,000 earlier this week. The bears took control over the market at that point and kept pushing it south. Initially, bitcoin decreased beneath...

What the heck ever happened to bitcoin serving as a tool that works against inflation? Bitcoin garnered this reputation last year during the coronavirus pandemic, but as it turns out, prices are continuing to rise, and the world’s number one digital currency by market cap has seemingly failed to get in the way. Bitcoin Is Not Working to Halt Inflation Many analysts are beginning to wonder why bitcoin is allegedly refusing to do its job. For the longest time, bitcoin was...

Summer is often a mixed time for cryptocurrency. In both 2018 and 2019, assets like bitcoin and Ethereum ultimately garnered mild gains here and there that caused several analysts and financial heads to think that the space was entering a period of recovery following massive prior drops. Cryptocurrency Sees Its Figures Drop During June This time around, however, cryptocurrency has been suffering heavily, and it does not look like things are on the verge of recuperating....

Spores Network, a new creator-centric NFT and DeFi platform, has announced that it raised about $2.3 million from investors in a just-completed funding round. Cardano’s First Full-Stack DeFi Platform In a press release shared with CryptoPotato, Spores noted that it is stepping up its game to become the first full-stack NFT and DeFi platform to integrate with the Cardano blockchain. Spores pointed out that to further increase the reach of the rapidly growing NFT market to...

It was a tough week price-wise in the cryptocurrency market. The total capitalization lost around $100 billion as every single coin from the top 20 is in the red. Some lost more than others, but we’ll get to that later. Kicking it off with Bitcoin. It had a relatively calm week, and even though it’s down about 3% over the period, it’s still not as bad as a lot of the altcoins. BTC was trading at around $34,000 last Friday, and apart from a brief positive spike on Monday, it...

It was also revealed that Xiaomi posted year-on-year smartphone shipment growth that beats that of Samsung and Apple. In the mobile phone market, Apple Inc (NASDAQ: AAPL) might be a more renowned name but it was overtaken by Chinese smartphone maker Xiaomi in the last quarter. According to data from Canalys, the Chinese firm was the second-largest smartphone maker in the second quarter. The data revealed that Xiaomi had 17% share of global smartphone shipments which is only behind that of...