Markets

Similar to the consolidation in May-July 2021, the market is forming a significant supply/demand level in the $40K-$42K range. Aside from the short-term price trend, the mentioned area will be a significant support (or resistance) for long-term price actions. Technical Analysis Many analysts believe the $40K-$42K zone resembles the $30K-$32K range in May-July. Since December 5th, the $40K-$42K zone acted as good support. But, considering the low demand in the spot market,...

For the first time in quite a bite, the past seven days have turned out to be positive for Bitcoin, although the overall cryptocurrency market is slightly down throughout the same period. Data from CoinGecko shows that the market capitalization is down some $40 billion. Starting with Bitcoin, its price was hovering around $41,000 this time last week and very soon after that increased to $42K only to drop towards $40K on Monday. Since then, however, the cryptocurrency has been...

Bitcoin cash price started a fresh decline from the $450 resistance against the US Dollar. The price is now trading below the $400 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $380 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $400 for more gains in the near term. Bitcoin cash price is showing positive signs above $380 against the US Dollar,...

Yield Guild Games – a game community in the play-to-earn field – obtained support from the US cryptocurrency platform Coinbase. The partnership between the two entities should bring more assets available for scholarships. In addition, Coinbase announced it will soon acquire FairX – a CFTC-regulated derivatives exchange. The deal is considered a turning point for the former, which aims to offer crypto derivatives to retail and institutional investors in the States. Coinbase...

Bitcoin – the world’s number one digital currency by market cap – briefly fell below the $40,000 mark for the first time in several months. At press time, the asset has risen back to about $41,000 per unit, though the news – for some analysts – suggests that the year is going to be rocky for the virtual coin. Is Bitcoin Feeling Okay? Overall, bitcoin has gotten off to a shaky start in 2022. What was supposed to be a year – according to many industry experts – in which...

Non-fungible tokens have been the hottest trend in 2021. They saw global recognition, mainstream adoption, and overall acceptance in and out of the cryptocurrency industry. The astronomic surge in popularity of non-fungible tokens (NFTs) led to a massive demand (and an even higher supply) of various collections, each one with its intricacies and perks. Undoubtedly, one of the most popular NFT collections, which even became the most expensive in terms of floor price as of...

The State Bank of Pakistan (the nation’s central banking institution) and the Federal government are reportedly contemplating imposing a complete ban on all cryptocurrency endeavors. The authorities claimed that digital assets are illegal, are not able to facilitate trade activities, and could be used to finance acts of terrorism and launder money. Pakistan to Ban Crypto? Last October, the Sindh High Court urged the Pakistani government to regulate the cryptocurrency space...

INTERNET CITY, DUBAI, Jan. 12, 2022 – LBank Exchange, a global digital asset trading platform, will list Woonkly Power (WOOP) on January 17, 2022. For all users of LBank Exchange, the WOOP/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 17, 2022. NFT (Non-Fungible Token) market has become one of the most successful markets in the crypto space as its value and popularity have been growing exponentially in recent years. As a...

According to Guido Buehler – Chief Executive Officer of the Swiss-based SEBA Bank – bitcoin will reach a new all-time high in 2022. The exec believes institutional investments will be the main factor for such a price surge. Additionally, the digital bank raised $120 million in a Series C funding round co-led by DeFi Technologies and Alameda Research. The organization vowed to use the funds to expand into new markets globally and increase the product offerings. BTC to Touch...

[PRESS RELEASE – Please Read Disclaimer] Cardano’s price analysis for the day shows a significant bullish outlook, as the price has risen to a level of $ 1.26 in the last 24 hours. Going up more than 10 percent. Rocket continues to move high, as the team aims towards the $1 mark. RocketPad team launching the first glance of its IDO LaunchPad makes things look extremely good for everyone joining in. It could be right time to buy Rocket at the presale market. Rocket Token...