Markets

2022 has not started off well for most cryptocurrency traders. At the time of writing, bitcoin – the world’s number one digital currency by market cap – as well as many of its altcoin cousins are experiencing bearish activity that has seen them endure some of their biggest price drops in months. Bitcoin and Other Assets Are Experiencing Heavy Dips Bitcoin, for example, is presently trading for around $43,000 per unit. This is about $25,000 less than the all-time high it...

For the first time since September, Bitcoin dipped below the $40K mark. From the bullish side, the dip was quickly bought, but on the other hand, Bitcoin is still shaky and still at risk of losing the coveted mark. Options Market Analysis By @N_E_D_A After a large options expiry event at the end of 2021, Max Pain jumped to $55K. These days, the selling pressure of the spot market pushed BTC to plunge and then temporarily lose the $40k as support (as of now). Bitcoin is now...

Stellar lumen price declined heavily below the $0.2800 support zone against the US Dollar. XLM price is now trading below $0.2800 and the 55 simple moving average (4-hours). There was a break above a declining channel with resistance near $0.2588 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2800. Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.8650 zone against the US dollar. The price is now trading below $0.8000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.7800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it stays below the $0.8000 resistance. Ripple price is struggling below $0.800 against the US Dollar, like bitcoin. XRP price...

Amid crashing crypto prices after the bull run in October and November 2021, US SEC data reveals that Coinbase executives have been on a selling spree over the past three months. Overall, the insiders dumped more than $90 million worth of COIN. COIN Sell-off By Executives According to a recent filing with the SEC, Coinbase co-founder Fred Ehrsam and Chief Product Officer Surojit Chatterjee together sold COIN stocks worth over $40 million in December 2021. Ehrsam and...

Just as the overall negative sentiment of the crypto markets, ETH had a rough start of 2022, losing over 20% during the first week of the new year. Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 The past week saw a significant crypto crash where ETH went as low as $2,987 (Bitstamp) on Saturday before recovering above the $3K support level as of today. Last Wednesday, the market entered into a sustained selloff: so far, ETH saw four consecutive daily...

Bitcoin’s situation worsened once more hours ago as the asset dropped to a new three-month low beneath $41,000. Most altcoins are in a similar position today, and the overall losses from the past three days grew to $300 billion. Bitcoin’s Latest 3-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as it traded at $47,000 on Thursday and even tried its hand at $48,000 on Wednesday. However, the bears took...

Amidst another red weekend, Bitcoin is facing its most critical support area in the mid-term. So far, despite 2022’s first day, the new year has recorded seven consecutive daily red candles (keeping in mind there are a few more hours until today’s candle close). Option Market Analysis By @N_E_D_A The sharp spike in omicron cases, US Federal Reserve’s announcement about raising interest rates due to a surge in the inflation rate, along with the events in Kazakhstan – are...

After the enhanced fluctuations in the past several days, bitcoin finally calmed around $42,000. The situation with the altcoin is quite similar, except for Chainlink. LINK surged by 13% and trades above $26. Bitcoin Sits Still at $42K It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. On January 5th, it traded at $47,000 after failing to overcome $48,000 despite numerous attempts. This is where the landscape changed rapidly for the worse....

[PRESS RELEASE – Zug, Switzerland, 6th January 2022] Autonomy Network, an off-the-shelf decentralized automation protocol, is thrilled to introduce AutoSwap, the first-ever dApp to offer limit order, stop loss, impermanent loss protection, and recurring payment features for Binance Smart Chain-based DEXes such as PancakeSwap. The dApp will also be available on Ethereum, Polygon, Avalanche, Solana and other chains. It’s the first time that these features have become available...