Markets

[Featured Content] In recent months, DeFi-based non-fungible token (NFT) games have been pumping to record highs, accumulating tens of thousands of users globally.  They adopt the play-to-earn business model that allows gamers to earn crypto rewards while playing their favorite games.  There are thousands of NFT games already in the market, and more are being launched every day. But even with the long list of games available, blockchain gamers are still looking for something...

A bitcoin-based exchange-traded fund (ETF) has finally made its way to the middle of North America. The United States has long awaited the introduction of a bitcoin ETF after many years have gone by of companies submitting applications only to have them rejected ungraciously. A Bitcoin ETF Has Made Its Way to the U.S. This new product is being offered by Pro Shares and is being traded on the New York Stock Exchange (NYSE). It trades under the ticker BITO, and investors...

To say that last week was exciting would be a serious understatement. Bitcoin went on to chart a brand new all-time high at around $67K, we saw the approval of the first-ever futures BTC ETF in the US, a massive flash-crash on BinanceUS, and a correction towards $60K. Let’s dive in. Starting with Bitcoin. The price was trading around $62K last this time last week and even dipped below $60K briefly on Monday. However, the market was propelled higher from then, and this...

Coinbase is helping Facebook launch its latest cryptocurrency project Novi, a digital wallet. The product launched early Tuesday morning and Coinbase – one of the world’s most popular digital currency exchanges – was hired to assist with the logistics of the wallet. Coinbase Is Facebook’s Knight in Digital Armor The social media giant is offering a batch of varying digital currencies to users that will be stored on Coinbase. These assets are available to anybody who...

The US branch of the leading cryptocurrency exchange explained that yesterday’s severe flash crash that saw BTC’s price dumping from $65,000 to $8,700 in mere seconds was because of a bug in the trading algorithm. CryptoPotato reported yesterday when the price of bitcoin nosedived from its near all-time high level to below $10,000 on Binance US. Other trading platforms, such as Kraken and FTX, also saw flash crashes as BTC dropped more on those two exchanges than it did in...

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Ethereum This week, Ethereum managed to rally over 8.5% and nearly touched the all-time high at $4,380, missing it by $5 (Bitstamp). The momentum remains bullish and the price is in a steep uptrend as shown by the trendline which is currently acting as support around $4,000. A break below this level can push ETH back to the next support found at $3,500. The resistance at $4,380 continues to hold, at least until another attempt is made by the bulls to break it. Considering...

The American multinational retail corporation – Walmart – will reportedly allow its customers to purchase bitcoin using ATMs installed in some of its US shops. The initiative became possible following a collaboration between the retail giant Coinstar and Coinme. The First Step Last month Walmart’s name got involved in a story, according to which the firm had inked a partnership with Litecoin (LTC) to enable its clients to make payments with the cryptocurrency. While the...

The volatile roller-coaster returned to the crypto markets again after bitcoin’s ATH, and the asset dropped by more than $5,000 a day later. While most altcoins have stalled on a 24-hour scale, Solana has gone on a tear once more by breaking above $200. Bitcoin Lost $5K The news that the US will finally have its own Bitcoin ETF, even if it’s a Futures one, for now, brought significant gains for the primary cryptocurrency. BTC traded below $58,000 last week when the first...

Bitcoin cash price started a major increase above the $600 zone against the US Dollar. The price is now trading above the $620 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $620 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating gains and it could eye more upsides above $640 and $650. Bitcoin cash price is showing positive signs above $620 against the US Dollar, similar...