The crypto market appears to have gained significant strength as the majority of the tokens have been witnessing a significant upswing in the past few days. However, altcoins like Cardano and Solana who are tough competitors within the DeFi and NFT space, are expected to recover from their losses soon. Cardano and Solana are among...Read More
While the Bitcoin price soared beyond $26,000, the XRP price attempted to rise beyond $0.4 but failed. The rejection not only led the price to drop more than 8% but also rolled out a descending trend that may drag the price close to the lower support. Presently, the XRP price is struggling to stay above...Read More
There have been numerous financial industry crises recently, which have created tremendous chaos. Initially, when FTX’s stock fell, another victim was claimed by the collapse of the well-established US Bank Silvergate capital. In a collapse that shook international markets, SVB Financial Group, a lender with a focus on startups, on March 10 became the largest...Read More
Despite Bitcoin’s recent significant surge, Ripple’s price has remained stagnant with limited volatility and no clear direction. However, the cryptocurrency is currently trading within a narrow range and is expected to break out below soon, possibly resulting in a sudden, impulsive movement in the XRP price chart. As a result, analysts predict that the XRP...Read More
The fresh CPI rates are out! The new rates have emerged as expected at 6% which kicked off the BTC price rally beyond $26,000. The bulls appear to be exhausted a bit as the prices are consolidating just below the yearly highs. But will the price continue to swing high or it is just a...Read More
Bitcoin’s price action has been a topic of concern for traders and investors worldwide. Expert Michael van de Poppe recently shared his technical analysis of the cryptocurrency, highlighting its potential for a rally amidst the ongoing collapse of the US banking system. Van de Poppe, a well-known trader, and analyst emphasized the importance of yields...Read More
The collapse of two of the top United States banks, Silicon Valley Bank and Signature Bank, has been considered the most bullish thesis for Bitcoin and other leading digital assets. Moreover, the top digital assets, including Bitcoin, Ethereum, and BNB, have gained over 7 percent in the past 24 hours as investors scramble for more...Read More
The cryptocurrency market is highly volatile and changing, with Altcoins prices fluctuating based on various factors. In recent months, two of the most popular cryptocurrencies, Polygon (MATIC) and Cardano (ADA), have been competing for market share and investor interest. Let’s examine the factors that could lead to Polygon overtaking Cardano in market cap. Polygon leading...Read More
The world of cryptocurrency is known for its volatility, with prices rising and falling on a regular basis. However, the recent collapse of the USDC stablecoin has caused investors to fear that the entire market could be on the verge of a catastrophic crash. Though several analysts assure a rebound for the crypto market soon,...Read More
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in the carnage in startup industry stocks in the United States. This follows the collapse of Silvergate. Silvergate Bank’s parent business announced plans to...Read More
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for crypto firms, along with Signature Bank. The liquidation announcement caused the stock to plunge more than 36% in after-hours trading. Reasons for...Read More
The cryptocurrency market has been making headlines due to several financial crises and SEC’s scrutiny going through the space with unpredictable fluctuations. It seems that the upcoming week will be no exception as the market will likely remain volatile ahead of major macro events. With several key macro events on the horizon, investors and analysts...Read More
With hotter-than-anticipated economic data released in February, uncertainty over inflation has increased, and the U.S. stock market is now at a crucial crossroads. Despite growing concerns among investors, the economy displays signs of resilience that may help safeguard Bitcoin against a significant downward shift. Although Bitcoin investors are advised to remain cautious until the release...Read More
VeChain has been performing well. Coming off of a $0.015 price low at the end of December of 2022, within eight weeks, it has already doubled to $0.030. Various analysts have put their VeChain price prediction for 2025 at $0.85, which represents almost 30X the current value. This is not the $1 by 2023 some...Read More
Blockchain payment giant Ripple Labs continues to sell XRP from the escrow account despite the ongoing lawsuit filed by the SEC accusing the former of selling unregistered securities. As the world ushered in the third month of 2023, Ripple Labs received 1 billion XRP from the escrow account. Notably, the company received the XRP tokens...Read More
The Merge, executed by Ethereum last year, was widely recognized as one of the pinnacle accomplishments of the cryptocurrency sector. Ethereum had a proof-of-stake blockchain conversion as part of The Merge, changing from a proof-of-work blockchain. But there is one small problem: The Securities and Exchange Commission (SEC) recently took aggressive action against Kraken. The...Read More
Agustin Carstens, the head of the Bank for International Settlements (BIS), declared victory in the war between cryptocurrencies and fiat currencies during an interview with Bloomberg TV on Wednesday. According to Carstens, the events of 2022, which resulted in the disappearance of more than $2 trillion in value from the crypto market, demonstrate that the...Read More
Crypto markets are consolidating following the Fed meeting, during which a 25 basis point increase was implemented to reduce inflation rates. The decision to raise interest rates from 4.5% to 4.75% was taken during the Federal Open Market Committee (FOMC), which was announced in a press conference by Fed Chair Jerome Powell. However, the US...Read More
Run towards a bullish weekend! The cryptocurrency market has opened the market on a positive note as the majority of large cap cryptocurrencies have turned bullish. This bull rally is led by the first born crypto, Bitcoin price which has now jumped above $23,500 level and is strongly moving towards $24K. It’s just not that,...Read More
Dogecoin, the 9th-ranked asset, has jumped more than 10% at the moment and is heading strongly towards the crucial levels at around $0.1. Interestingly, the DOGE community appears to have activated as the trading volume has jumped over 200% to reach $1.5 billion, largely dominated by the bulls. The price is currently discovering new highs...Read More
The crypto market started the year on a positive note where most of the cryptocurrencies doubled their value. Since the start of 2023 Bitcoin has jumped nearly 40% and managed to hit a high of $23,861 just a day before, on January 29. This phenomenon pushed the overall cryptocurrencies on a brighter side where even...Read More
As the foundations for a significant rebound have emerged, the markets appear to have stuck in some crucial levels. However, Bitcoin prices appear to be hovering close to $23,000, displaying huge possibilities of rising beyond the levels soon. Besides, the XRP price appears to inculcate an independent price action as the trends await the bullish...Read More
It was just yesterday that Bitcoin was pulled back below its crucial resistance of $23K. However, the flagship currency started the day above $23K before making a slight drop around $22,900. The similar pattern is followed by Ethereum, BNB, Cardano, Solana, XRP and other altcoins which are trying their best to hold on to their...Read More
El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure. Today, the country’s...Read More
Initially the crypto market started the day on not so good terms, but one currency that has been holding on to its bullish momentum is Bitcoin. While the King currency is holding on to its $23,000, it suggests that investors are still positive on Bitcoin. This has resulted in the global crypto market moving past...Read More
Nearly everyone in the crypto space agrees that decentralized exchanges (DEX) are the future of crypto trading. That is because, even now, in 2023, trading digital assets on centralized crypto exchanges can be a headache. Let us dive deep into the finer details of these three top decentralized exchanges: UniSwap, Chainlink, and BudBlockz. After reading...Read More
It is very evident that the bulls are continuing to exert their influence as Bitcoin’s surge continues. The on-chain signals for the king cryptocurrency reveal that the overall sentiment is optimistic. At the time of this writing, Bitcoin price is equivalent to $23,035, an increase of 9.3% over the course of the previous 24 hours...Read More
Genesis, which filed for bankruptcy today, was in dispute with Gemini exchange. As per the exchange, Genesis owes nearly $900 million to Gemini customers due to its lending product, Earn. While Genesis filed for bankruptcy today it claimed that the first’s liabilities and assets are nearly $1 billion to $10 billion along with 100,000 creditors....Read More
Crypto funding has been in the industry for two years and since then more and more firms are getting involved. The latest one happens to be the news that says FTX founder Sam Bankman-Fried lending money to the US Congress members. As per the reports, more than one in three of 535 the US Congress...Read More
The world’s second largest cryptocurrency, Ethereum has performed exceptionally well since December 2022. Also the bulls are holding up well with the lead altcoin from the time when Ethereum has surpassed the 50 and 100-day moving average. Ethereum had even stepped into short-term consolidation moving towards $1.6K level before making a pull back. At the...Read More
