Markets

Cape Town, Africa & Switzerland 16th Nov 2021. African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch_03. The African contingent of incubatees is reflective of Crypto Valley Venture Capital’s (CV VC) global investment strategy, to invest in blockchains’ wider applicability to solving problems and creating new markets, beyond crypto. The incubation program is a precursor to CV VCs’ public-private partnership with the Swiss State...

This morning, bitcoin dipped below 50,000 euros for a brief moment. This morning, bitcoin dipped below 50,000 euros for a brief moment. The price recovered quickly, but it feels like a new all-time high is residing in a galaxy far, far away. That’s the nature of cryptocurrency. In the beginning of this week, everyone was hopeful but a couple of days later, the market sentiment changed to fear. Perhaps it’s wise to listen to Warren Buffett when...

According to legendary investor Ken Griffin, bitcoin will soon be a thing of the past. The world’s number one digital currency by market cap will eventually be outdone by its main competitor Ethereum, which in turn, will be outdone by a whole new generation of digital currencies. He suggests that this will be a vicious cycle, in which many crypto assets likely will not survive and be replaced by future coins. Ken Griffin Thinks ETH Will Outdo BTC In an interview, Griffin...

Following the recent decline in the cryptocurrency market, in which bitcoin has lost nearly 20% of its value since its all-time high, the general sentiment among investors has changed drastically. The Fear & Greed Index has gone into a state of “Fear” for the first time in nearly two months. Fear Is Back Again The popular Bitcoin Fear & Greed Index is a metric that follows several factors within the digital asset community to reveal the momentary sentiment towards the...

This week brings both good and bad news, depending on where you look it from. For Metaverse aficionados, the week was quite great, but for the rest of the market – it was downright bleak. So, let’s start with the broader market. Bitcoin is down over 10% in the past seven days, and there’s no other way of looking at it – it wasn’t pleasant. The cryptocurrency tumbled below $56K for the first time since late October and liquidated millions worth of both long and short positions...

Key Support level: $0.000044; $0.000032 Key Resistance level: : $0.000050; $0.000055 SHIB’s price was in a very dangerous area yesterday when it broke below the support level at $0.000044. There was panic and despair in the market, with most SHIB holders starting to doubt their investment. Fortunately, the bulls reversed the downtrend today and got the price back into the blue triangle, which gives temporary relief, at least. However, the bears managed to push SHIB lower, and...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Bitcoin’s price dipped to an intraday low of $55,640 (on Bitstamp) and is currently down around 3.5% on the day and 11.8% on the week. The entire market seems to be struggling, with an exception of cryptocurrencies associated with Play-to-Earn games and metaverse-related projects. Bitcoin managed to recover to about $57K, where it’s currently trading as the market is looking for the next direction. Chart by TradingViewThe overall trend in fundamentals and on-chain remains...

Bitcoin cash price started a major decline below $650 zone against the US Dollar. The price is now trading below the $600 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $615 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating losses there are chances of more downsides below $540 in the near term. Bitcoin cash price is showing bearish signs below $600 against the US...

The popular New York-based cryptocurrency exchange, Gemini, has recently revealed that it is seeking to raise about $400 million in a new funding round. Thus, its total valuation could rise to $7 billion. A Potential $7B Valuation Citing unnamed sources on Thursday, Bloomberg reported that the fundraising will bring the exchange’s valuation to $7 billion. Gemini, spearheaded by the Winklevoss twins, Cameron and Tyler, is set to join the growing list of top crypto-related...