Archives par catégorie: Business

As the crypto world continues to evolve with increased volatility, unique patterns emerge, attracting the interest of investors and analysts alike. One such way has been observed in the recent trading activity of Compound (COMP), the governance token tied to the Compound protocol. The asset experienced a significant surge, registering a nearly 10% growth within […]

Data shows the stablecoin market cap has returned toward equilibrium and may be gearing up for a reversal. Here’s how Bitcoin could benefit from this. Aggregate Stablecoin Market Cap Change Has Returned To Equilibrium According to data from the on-chain analytics firm Glassnode, the aggregate stablecoin market cap had previously been in a decline for […]

Ethereum (ETH), the second largest cryptocurrency by market cap, experienced a price drop of over 3% within the last 24 hours. The reason is presumably a significant sell-off carried out by a prominent whale. The whale deposited 25,000 ETH (worth around $47.24 million) on Binance, only to withdraw a significant amount of USDT shortly afterwards. […]

Dogecoin (DOGE) is currently facing a critical juncture in its price movement. The DOGE price is teetering above the last horizontal support level before a potential substantial decline. In order to avoid a steep fall, it is imperative for Dogecoin to muster a decisive bounce at its current level.  However, this task may prove to […]

In consideration of recent developments, a bill has been introduced to evaluate the feasibility of establishing a state-administered depository for cryptocurrencies, positioning North Carolina as the custodian of its Bitcoin and virtual asset holdings. However, the proposed study will thoroughly assess the costs and benefits associated with alternatives such as a privately managed depository or […]

Stellar (XLM) has recently experienced a remarkable surge, outshining various altcoins in the market. In a surprising turn of events, Stellar witnessed a staggering 17% increase in its value, giving investors and enthusiasts something to look forward to. This surge comes as a breath of fresh air for the crypto community, which has been grappling […]

Shibarium, the highly anticipated layer 2 solution by Shiba Inu, is facing significant delays, leaving investors in a state of uncertainty. Despite initial expectations for a launch between the second and third quarter of 2023, the exact release date remains unknown. However, Shiba Inu chief developer Shytoshi Kusama released a new video today that may […]

Ripple’s token price started a fresh decline from $0.5265 against the US Dollar. XRP price could extend its decline unless it climbs back above $0.50. Ripple’s token price is moving lower below the $0.488 support against the US dollar. The price is now trading below $0.48 and the 100 simple moving average (4 hours). There […]

Ethereum price is slowly moving lower below the $1,880 level against the US Dollar. ETH is still at risk of a move toward the $1,790 support. Ethereum is moving lower from the $1,920 resistance. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with […]

Bitcoin price is still facing a major hurdle near $31,000. BTC could correct lower below $29,800 if it stays below $31,000 for a long time. Bitcoin is still consolidating below the $31,000 resistance zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a key declining channel forming with […]

FTT, the native currency of FTX and its ecosystem, is up 45% when writing on June 28. This positive price action follows a report by the Wall Street Journal that the exchange’s new management has started receiving proposals from parties interested in restarting the exchange. The unconfirmed report cited the chief executive officer, John J. Ray […]

Bitcoin (BTC) has again taken center stage in the cryptocurrency market as institutional interest surges. This interest has been spurred by major financial giants such as BlackRock, Fidelity, and Ark Invest, who have applied with the U.S. Securities and Exchange Commission (SEC) to launch a spot Bitcoin Exchange Traded Fund (ETF).  According to Coin Metrics, […]

Bitcoin is known for its explosive price movements — both bullish and bearish. However, Relative Strength Index data suggests the top cryptocurrency by market cap has gone the longest stretch ever without a bullish impulse. Just how long has it been since the last time BTCUSD was fully bullish? And how does this data compare […]

The team behind the Sui network and its native SUI token has taken to Twitter to deny allegations of selling locked staking rewards on Binance. Word on the street is that the team moved a huge amount of locked staking rewards and dumped them on Binance to cash in. Sui Foundation Denies Selling Locked Staking […]

The price of Solana (SOL) has experienced consolidation in recent trading sessions, particularly in light of Bitcoin’s inability to trade at $31,000. SOL remains below a significant resistance level that the bulls have struggled to overcome for several weeks. On the daily chart, SOL has depreciated by 1.4%. On the weekly chart, the price has […]

Spurred by the recent flood of spot Bitcoin ETF applications from Blackrock and Fidelity among others, Bitcoin vaulted impressively up to the $30,000 area where its momentum has stalled in recent sessions. While many analysts and traders routinely acknowledge the significance of the $30,000 level as a key resistance area, Bitcoin’s move back above its […]

BNB, a native token of the Binance exchange, has seen a massive decline in its market shares following the global regulatory pressure on the trading platform.  Binance began experiencing regulatory troubles on June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against the exchange on the allegations of fraud and […]

MicroStrategy, a publicly traded software company, has once again invested heavily in Bitcoin, adding another 12,333 BTC to its already substantial holdings.  The purchase, which was announced by the company’s former CEO Michael Saylor, cost around $347 million at an average price of $28,136 per Bitcoin. MicroStrategy Goes All-In On Bitcoin As of June 28th, […]

With decentralized finance (DeFi) gaining more traction, Radix (XRD) is touted to be one of the pioneers of this technological shift. It is a blockchain platform that enables the development of innovative DeFi applications. XRD, Radix’s native token, is one of the worst performers in the market today, recording an 11% loss in the past […]

The bankrupt cryptocurrency exchange FTX has suddenly halted the sale of its highly valued asset: its stake in the artificial intelligence startup, Anthropic. This abrupt decision introduces potential delays in addressing the remaining $2 billion deficit in FTX’s balance sheet, as the sale of the $500 million stake has been put on hold. Despite receiving […]