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Tag Archives: featured1

Dogecoin Explodes 110% Weekly, Bitcoin Maintains $20K: Weekend Watch

Bitcoin was stopped once again at $21,000 but has remained above the coveted $20,000 line. Dogecoin continues to steal the show ever since Elon Musk’s acquisition of Twitter became official, being up by triple-digits on a weekly scale. It’s Dogecoin’s Show It’s safe to say that the original memecoin is this week’s best performer. Up until Wednesday, Dogecoin struggled around $0.07, along with the rest of the market. However, the landscape started to change later this week...

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Australians Embrace Crypto Amid Record Inflation Numbers: Report

Australia’s inflation hit 7.3%, which is the highest rate in 32 years. Considering the soaring prices of real estate and gas, analysts expect this figure to surge even more before the year’s end. To preserve their wealth during these turbulent times, locals have displayed increased interest in alternative financial assets, including cryptocurrencies. The Aussie government has also put crypto on its agenda. The new Prime Minister of the nation – Anthony Albanese – vowed to...

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DOGE Explodes 30% to 5-Month High After the Musk-Twitter Deal (Weekend Watch)

Bitcoin is back on the offensive once more, following the enhanced volatility yesterday, and is close to breaking above $21,000. The altcoins are also well in the green on a daily scale, led by Dogecoin’s massive gains after the Musk-Twitter deal. Bitcoin Retaps $21K The past several days have been significantly more eventful for the cryptocurrency industry and the market price movements. Bitcoin stood still at $19,000 until the middle of the week, when it shot up to over...

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Bitcoin Reclaims $20K, Market Cap Above $1 Trillion, Elon Musk Buys Twitter: This Week’s Crypto Recap

After spending multiple weeks trapped around $19,000, Bitcoin’s price was finally able to escape the range and break out toward the upside. BTC reclaimed $20K and even poked above $21,000 before retracing a bit to where it currently trades. Elsewhere, Elon Musk officially acquired Twitter, so let’s unpack. Bitcoin started the week trading at around $19,000, and it was seemingly trapped there for quite a while. However, the volatility picked up on Tuesday, and the bulls...

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New UK Prime Minister Rishi Sunak: Crypto Believer or CBDC Backer?

Rishi Sunak is all set to take over the role of the prime minister of the United Kingdom in a few days. Amidst dire economic headwinds, Sunak was voted into office after Liz Truss, who only served a record-breaking 45 days, announced her resignation as a result of a maelstrom of criticism over her failed fiscal policies. Sunak, for one, is a proponent of the crypto industry and had previously championed regulation. UK Crypto Regulation During his stint as the Finance...

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Aptos (APT) Skyrockets 32%, Bitcoin Remains Flat on Low Trading Volume (Weekend Watch)

Bitcoin continues to trade without any substantial moves in either direction on low trading volumes, similar to previous weekends. Most alternative coins sit quietly as well, with ETC and APT being among the few exceptions, posting notable gains. Bitcoin Stalls at $19K The past seven days were significantly less volatile than the previous week, in which BTC went from $19,000 to $18,200 and up to $20,000 in a matter of 24 hours after the latest US CPI numbers came out....

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Bitcoin Dipped to 9-Day Low, ApeCoin Soars 7% (Weekend Watch)

Bitcoin’s fight to remain above $19,000 didn’t go all that well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off. The altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE’s notable surge. Bitcoin’s New Local Low Ever since the end of the previous working week, bitcoin had calmed after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no...

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Bitcoin Struggles at $19K, Crypto Market Stagnates on Global Inflation Woes: This Week’s Recap

The cryptocurrency market went through little volatility over the past seven days and is currently found almost where it was this time last week. The sentiment remains overly fearful as global inflation woes and economic unrest settle in. Starting with Bitcoin, it lost roughly 1.8% in the past seven days, going through almost no volatility whatsoever. The cryptocurrency attempted a break above the critical level of $20,000 but to no avail. It was quickly rejected by the...

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‘Solana Killer’ Aptos Hits Mainnet But Fails to Charm Community

Four years of development later, the Aptos network finally hit the mainnet on October 17th, but the reception so far has been stale. Some users pointed out that Aptos had a lower transaction per sec (TPS) than Bitcoin and speculated that a “majority of tokens are either staked or ready to be dumped on retail investors.” Attracting VCs Even before the mainnet launch, Aptos had managed to attract VCs in the Web3 circles. The layer-1 blockchain was launched by former employees...

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Market Watch: Ripple (XRP) Plummets 12% Weekly While Crypto Market Stagnates

The start of the week begins with little-to-no substantial movements from most cryptocurrencies, as bitcoin has stalled around $19,000. The altcoins are slightly in the green, except for XRP. Aside from the daily price dip, the asset is down double-digits on a weekly scale. Bitcoin Calms at $19K BTC experienced a lot of volatility at the end of last week, when the US CPI numbers came out. Although they were almost as expected, bitcoin headed straight south, as it typically...

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