Markets

Crypto volumes are continuing to fall through the floor, and according to the latest data from digital asset manager Coin Shares, trading numbers have dropped to their lowest levels. Coin Shares Data Suggests an Ugly Exodus Bitcoin has taken one of its nastiest dives in history. The world’s number one digital currency by market cap was trading for a new all-time high of approximately $64,000 per unit in mid-April, though at press time, it is trading for approximately...

Going through the most significant price pullback in this cycle, approximately 55% from the all-time high set in April, there is considerable uncertainty in the Bitcoin market from technical and on-chain analysts’ perspectives. Figure 1– Bitcoin daily price history since December 2020. Chart by Glassnode The following analysis is compiled by on-chain analyst CryptoVizArt for CryptoPotato, and looks into the on-chain side of the story to evaluate the bullish/bearish signs....

By moving into game developments, Netflix believes that this would be another way of luring new subscribers and also keeping the old ones. To expand its business scope, Netflix Inc (NASDAQ: NFLX) the video streaming TV company, is planning to introduce video games, and it is hiring an ex-Electronic Arts Inc and Facebook Inc (NASDAQ: FB) executive to lead the team.NFLX stock has positively reacted to the news. Yesterday it closed with a 1.34% rise, at $547.95, today in the pre-market it is...

Although numerous banking organizations have restricted their users from interacting with Binance, Visa and Mastercard have reaffirmed their belief in the world’s largest crypto exchange. With the growth of its services and popularity, Binance attracted regulatory scrutiny from various global watchdogs, as CryptoPotato explained recently. While the exchange’s attempts to enhance its compliance requirements continue with the employment of new personnel, some financial...

[Featured Content] It goes without a shred of doubt that the past year and a half have been outstanding for the field of decentralized finance (DeFi). One of the best metrics to gauge its advance is the total value locked (TVL) in various protocols. Data from DeFi Pulse shows that back in January 2020, the number was somewhere around $600 million, whereas today it sits at almost $58 billion, having peaked at well over $88 billion earlier in May. This is the direct result of...

[Featured Content] 2021 brought cryptocurrencies to the mainstream a lot more compared to 2017. The main reason, of course, was the parabolic advance in Bitcoin’s price. The primary cryptocurrency charted an all-time high around $65K in April in a bull run that was (or still is – according to some) nothing short of impressive. Naturally, this brought a lot of newcomers to the market. Interest in cryptocurrency trading skyrocketed as the daily trading volume across all of the...

EOS started a fresh decline after it failed to surpass $4.40 against the US Dollar. The price is now trading below the $4.00 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $3.65 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue lower if it breaks the $3.50 support zone in the near term. EOS price is showing bearish signs below $4.00 against the US Dollar,...

Litecoin price extended its decline below the $130 support zone against the US Dollar. LTC price is now trading below $132 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $133 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline as long as it is below the $132 and $135 levels in the near term. Litecoin price is struggling to recover above $132 against the...

According to the 29-year-old Billionaire, if FTX achieves complete market dominance in future, it can take over giants like Goldman Sachs and CME.CEO and Founder of FTX Sam Bankman-Fried has claimed that the crypto-exchange platform might examine the possibility of buying multinational companies like Goldman Sachs and exchanges like Chicago Mercantile Exchange (CME) in the future.In a conversation with the Financial Times, the 29-year-old Billionaire asserted the possibility of such an event...

[Featured Content] Cryptocurrencies and blockchain-based technologies, in general, exploded in popularity over the past few years, and especially in 2021. This was largely due to the parabolic increase in the price of Bitcoin, which charted an all-time high of around $65,000 in April. This propelled the entire industry forward and also brought to light a variety of projects, apart from the ones with large market capitalization. While a lot of the projects are focused on...