Markets

Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju –  CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long as institutions like MicroStrategy continue buying Bitcoin, the asset’s “digital gold” narrative continues to apply. Knowing Bitcoin’s Fundamentals Ju offered his...

The past couple of months have been challenging in the cryptocurrency market as many coins, including Bitcoin, lost substantial chunks of their dollar value. While the primary cryptocurrency is down about 50% since its November all-time high, many altcoins are crashing harder. This became even more pronounced in the context of the tensions between Ukraine and Russia, which ultimately resulted in a war between both countries. Altcoins Crash, BTC Dominance on the Rise Bitcoin’s...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

EOS price started a fresh decline from well above the $2.50 zone against the US Dollar. The price is now trading below $2.20 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.12 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend decline if it settles below the $2.00 support zone. EOS price is showing bearish signs below $2.20 against the US Dollar, similar to bitcoin. The...

Litecoin failed to clear the $120 resistance and started a fresh decline against the US Dollar. LTC price is now trading below $105 and the 55 simple moving average (4-hours). There is a major bearish trend line with resistance near $104 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to decline if there is a close below the $100 level. Litecoin price is struggling below $105 against the US Dollar, similar to bitcoin. LTC price...

The leading British financial markets infrastructure – London Stock Exchange Group – will acquire the trading tech solutions provider TORA for $325 million. The initiative aims to strengthen LSEG’s presence in the cryptocurrency sector. London Stock Exchange Dives Deeper According to a recent announcement, the London Stock Exchange Group will pay $325 million in an all-cash transaction to acquire TORA. Upon completing the settlement, the latter will sit within LSEG’s Data...

Could bitcoin fall to a low of $10K? According to Stifel’s Barry Bannister, traders could witness the world’s number one digital currency by market cap dip to a price that’s roughly three times less than what it’s at right now. Bannister Predicts Bad Things for BTC Bitcoin has been experiencing some bearish trends as of late. While the currency has recovered somewhat, the asset recently fell into the mid-$30,000 range, which was about 40 percent less than the price it...

The Ontario Securities Commission (OSC) recently flagged Brian Armstrong and Jesse Powell – CEOs of Coinbase and Kraken respectively – for tweets surrounding Canada’s freedom convoy protests. Each has been accused of offering advice on how to evade national financial emergency restrictions through the use of self-custodial crypto wallets. Crypto CEOs Against Canada’s Government According to a report from The Logic, Kristen Rose – the OSC’s manager of public affairs – said the...

The NFT sector has seen an explosion of interest throughout last year. In 2021 as well, the market kicked off with booming sales sharply, contrasting with the overall slump in crypto prices in January. After decoupling for a few weeks, NFT sales appear to be cooling down again. NFT Floor Price Take a Hit According to the latest stats, the floor prices of some of the top NFT projects, such as Bored Ape Yacht Club (BAYC), have been on a decline. The NFT market has faced a...