Markets

The weekends continue to bring adverse price developments for bitcoin as the asset fell to a six-day low of $35,000. The situation with the alternative coins is similar, with ETH dumping to $2,200 and BNB below $340. The total market cap is down by $100 billion in a day. Bitcoin Slips to 6-Day Low The workweek was going well at one point for bitcoin, which spiked to and above $40,000. The bulls drove the asset to a new 3-week high at almost $41,400, but they failed to keep...

Over the past seven days, we saw yet another unsuccessful attempt of Bitcoin to breach the coveted $40K mark definitively. Let’s roll back a little. Last weekend, the price was rather indecisive as it was struggling beneath $36K. All this changed on Sunday, however, when bulls stepped in and took control over the market. By Monday, BTC was trading above $40K, and it actually managed to stay there for a few days. This saw the community rather enthusiastic as the price was...

Hawaii was deemed to be the most crypto-savvy location with its demand rate in cryptos rising as much as 687% since 2020.It is no secret that the United States is a powerhouse and one of the crypto-savvy countries on the globe. Cryptocurrency adoption in the United States has been predominant with interest in cryptocurrencies, surging over 3000% over the last five years. According to reports, almost 6% of the current US population is somehow involved in crypto, with such trends expected to...

Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world.The cryptocurrency world is bombarded with an ever-increasing number of crypto coins or tokens every other day. It’s difficult for crypto investors to keep track of all and choose the best one. If you are still indecisive, here is your chance to invest in the private sale of Solanax.The Solanax PlatformThe boom in the cryptocurrency market has left people...

Aada is helping to promote the proposed reach of the Cardano ecosystem with its version of loans, and other DeFi centric offerings like staking.Decentralized Finance (DeFi) lending, Aada is announcing the sale of its native token, the AADA, scheduled to span between June 15th to July 15th, 2021. Aada is a non-custodial liquidity market protocol ranking as one of the first of its kind on the DeFi focused Cardano blockchain. Per a press release shared with Coinspeaker, the Aada protocol is a...

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 – just above the 20-day MA. The coin had provided some hope at the start of the week as it surged above $37,000 to break a falling trend line that has been in play since the mid-May...

The number of prospective assets to be added by Grayscale has now been increased to 31.Thirteen additional crypto assets were appended to the already exhaustive list of Grayscale ‘New Potential Products’. The Digital Currency Investing Giant primarily included assets that represent the Decentralized Finance sector, an open system built for the age of the Internet.Defi has dominated conversations for the past two years owing to it being open to everybody who uses Ethereum. Defi is a shared...

Bitcoin continues to gradually lose value with another price slump to around $37,000. Most alternative coins are also suffering, with ETH dipping beneath $2,400 and BNB close to dropping below $350. Bitcoin’s Struggles Continue Just a few days ago, the situation with the primary cryptocurrency seemed significantly more promising. The asset was riding high above $40,000 for the first time in nearly a month and even spiked to north of $41,000. However, it failed to maintain...

Bitcoin cash price is struggling to recover above $600 and $620 against the US Dollar. The price is now trading below $600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $620 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could extend its decline unless there is a clear break above $600 and $620. Bitcoin cash price is struggling to recover above $620 against the US Dollar, similar...

2021 has been an incredible year for cryptocurrencies as we saw one of, if not the biggest, bull markets so far. This had the spotlight put over many projects, and Cardano was no exception – just on the contrary. The proof-of-stake blockchain platform enjoyed the attention of the entire cryptocurrency community and even celebrities and people from outside of it. After all, the legendary rock star Gene Simmons announced a $300K ADA buyback in February, attracting even more...