Saturday , September 25 2021
Home / Tag Archives: featured1

Tag Archives: featured1

Global Risk and China FUD Result in a Bitcoin Rollercoaster: The Weekly Crypto Recap

There are no boring days in crypto, and this week, like a lot of others, has managed to definitively prove it. The past seven days have been an absolute rollercoaster in the cryptocurrency market, so let’s start with Bitcoin. BTC’s price was sitting comfortably at around $47,500 last Friday and started improving slowly throughout the weekend. On Saturday, we saw an attempt at $49K, which was unfortunately rejected. On Sunday, the price retraced a bit, but nothing spelled...

Read More »

Trading and Mining Crackdown in China Escalates: Bitcoin Plunges $3K

The People’s Bank of China (PBoC) published a document reminding that digital assets are banned within the country and added that operating with exchanges will also be prohibited. As a result, BTC dumped by $3,000 in an hour. China’s negative stance on the cryptocurrency space has been wildly known for years, and the nation tends to frequently remind investors about it. The central bank highlighted the illegal status of digital assets once more on Friday. The statement also...

Read More »

3 Reasons Why Avalanche (AVAX) is Up by 800% in Two Months

A lot can change in the cryptocurrency markets in two months. Avalanche and its native cryptocurrency – AVAX – are prime examples. The token traded around $9 during the market-wide crash on July 20th but surged by triple-digits in this timeframe to reach a new all-time high at nearly $80 earlier today. This came after numerous consecutive records last week, before the market-wide crash. Registering such massive price increases in a relatively short time has caught the...

Read More »

The Evergrande Debt Crisis in China and What It Could Mean for Bitcoin

The financial world is watching Evergrande and what’s going on in China closely, as this has been undoubtedly the headliner for the past couple of weeks. Today, global markets tumbled as Evergrande stock price lost another 10%, sending Bitcoin well into the red with a decrease of around 8% in the past 24 hours alone. But is the pain over? Evergrande – Chinese Real Estate Behemoth Sags Evergrande managed to become one of the leading companies in China when it comes to real...

Read More »

Bitcoin Maintains $48k Amid Another Minimal Trading Volume Weekend (Market Watch)

Bitcoin neared $49,000 for the first time in over a week but failed to breach it and has returned to around $48,000. Most alternative coins are slightly in red, except for Solana, which has jumped by 4% in a day to above $160. Bitcoin Maintains $48K After the volatile start of the week, in which bitcoin surged by $1,500 and dropped by $3,000 in minutes, the cryptocurrency enjoyed a steady price increase. In a matter of days, it bounced off the $43,300 low reached on Monday...

Read More »

Bitcoin at 11-Day High: AVAX Marks Another All-time High (Weekend Watch)

After yesterday’s dump below $47,000, bitcoin has resumed its bullish trajectory by adding $2,000 and nearing $49,000. Most alternative coins have stalled, but not Avalanche. AVAX has registered yet another all-time high, this time above $70. Bitcoin Charts an 11-Day High This week began with enhanced volatility following fake reports claiming that Walmart has adopted cryptocurrency payments for its online services. Bitcoin went up by $1,500 before dumping by $3,000 minutes...

Read More »

BitMEX in 2021: CEO Alex Hoeptner Explains How He’ll Take the Veteran Exchange to a New Era (Exclusive)

Established in 2014, BitMEX is a veteran derivatives exchange, a pioneer for the crypto industry, which used to be the leading one for a serious period of time. In fact, the traded volume on BitMEX was much more than that on any other derivatives exchange until 2019. BitMEX exchange had a serious impact on the cryptocurrency market as a whole, and in a sense, helped shape the industry into what it has become today. CryptoPotato had the pleasure of interviewing Alexander...

Read More »

In-Depth: Cardano’s Hardfork, Smart Contracts vs. Criticism, and What’s Ahead?

Cardano is currently the third-largest cryptocurrency by means of total market capitalization. The network saw substantial growth over the current bull cycle, which brought its current valuation to $76 billion at the time of this writing. Over the years, Cardano has received serious criticism of its approach where naysayers argued that the billion-dollar market cap is completely unjustified for a network with no usable applications. For those unaware, the project took a...

Read More »

Bitcoin Golden Cross Just Took Place: What Does it Mean and What’s Next for BTC?

Bitcoin’s recent price surge has led to the formation of a golden cross as the 50-day moving average has gone over the 200-day moving average. Although it’s considered a lagging indicator, previous similar cases have resulted in further price increases for BTC, with investors anticipating a similar move now as well. Bitcoin Golden Cross Took Place This popular indicator occurs when a short-term moving average (the 50-day one in this case) surpasses a major long-term moving...

Read More »

Fake News of Walmart Adopting Litecoin Causes Crypto Markets to Pump and Dump Billions in Minutes

The entire cryptocurrency market pumped when news that the US-based e-commerce giant Walmart, has inked a partnership deal with Litecoin to enable its customers to make payment with LTC broke out. Unfortunately, the news appeared to be fake, and the market dumped subsequently. According to the fake press release on Monday (September 13, 2021), Walmart shoppers would have soon been able to start making payments with LTC across all eCommerce stores. The story was quickly picked...

Read More »