Archives par catégorie: Business

Bitcoin Tumbles Below $36K, Altcoins In Red Too

Bitcoin Tumbles Below $36K, Altcoins In Red Too

The crypto market has turned red even after the latest FOMC meeting. Bitcoin inches towards the $35,511 mark, and altcoins are getting a beating too. Bitcoin responded to the Federal Reserve’s 50 basis-point interest rate hike by dropping more than 10% in one day, its most significant decline in two months. Related Reading | Cardano […]

Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over?

Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over?

Bitcoin fell to its lowest level in nearly a month as the optimism that had pervaded global markets following the Federal Reserve’s meeting on Thursday quickly vanished. On Thursday, sellers returned in full force, driving equities and cryptocurrencies down. Despite short-term price movements, the risk-off mood among market participants has been a recurrent trend this […]

The Popularity of Crypto Online Gambling in Canada

The Popularity of Crypto Online Gambling in Canada

Since its inception, cryptocurrency has grown in popularity day by day. Nowadays, we see cryptocurrencies used in various industries with great success. It didn’t take long for the casino industry to accept cryptocurrency as a payment method. Bitcoin is the most widely used cryptocurrency at leading Canada online casino sites. However, you can also use […]

Drops DAO launches Mainnet To Allow Borrowing of NFT-collateralized Loans

Drops DAO launches Mainnet To Allow Borrowing of NFT-collateralized Loans

The mainnet launch opens up the crypto ecosystem to instant decentralized loans using non-fungible tokens (NFTs), JPEG and metaverse assets as collateral. Drops DAO, a decentralized lending platform, is celebrating the launch of its mainnet, unlocking its ecosystem for users to borrow loans and interact with everything the ecosystem has to offer. Announced Wednesday, the […]

TA: Ethereum Takes Hit, Why ETH Could Plunge Below $2,700

TA: Ethereum Takes Hit, Why ETH Could Plunge Below $2,700

Ethereum started a major decline from the $2,970 zone against the US Dollar. ETH dived below $2,800 and might accelerate lower below the $2,700 support. Ethereum started a major decline after it failed to surpass $2,970. The price is now trading below $2,800 and the 100 hourly simple moving average. There was a break below […]

TA: Bitcoin Price Breakdown Looks Real, Why BTC Could Dive Below $35K

TA: Bitcoin Price Breakdown Looks Real, Why BTC Could Dive Below $35K

Bitcoin started a strong decline from the $40,000 resistance against the US Dollar. BTC broke the key $37,500 support to move into a bearish zone. Bitcoin started a strong decline below the $37,500 and $36,500 levels. The price is now trading below $37,500 and the 100 hourly simple moving average. There was a break below […]

Bitcoin Broke Above The Multi-Week Resistance; What’s Next

Bitcoin Broke Above The Multi-Week Resistance; What’s Next

Bitcoin recovered on its chart over the last 24 hours as the king coin surged by 2%. Prices of the coin saw some respite after visiting the $37,000 price level. As broader markets started to recover Bitcoin’s price action moved on a north-bound journey. Currently, Bitcoin’s prices were trading in a tightly consolidated region because […]

Bitcoin ETP Outflows Spell Bearish Sentiment Among Institutional Investors

Bitcoin ETP Outflows Spell Bearish Sentiment Among Institutional Investors

Bitcoin ETPs have become more popular than ever since the SEC approved multiple bitcoin ETPs in the fourth quarter of 2021. They had subsequently had a good run with hundreds of millions of dollars flowing into these ETPs. They provided a way for institutional investors and others who didn’t want any direct exposure to the […]

Bitcoin Long Squeeze Incoming? Funding Rates Surge Up

Bitcoin Long Squeeze Incoming? Funding Rates Surge Up

On-chain data shows the Bitcoin funding rates have observed a rise again, suggesting that another long squeeze may be in store for the crypto. Bitcoin Funding Rates Show Relatively High Positive Value As explained by an analyst in a CryptoQaunt post, the current positive funding rates may mean the price could observe a decline soon. […]

Cardano Prepares For Major Update, Will It Be Enough To Push Bears Back?

Cardano Prepares For Major Update, Will It Be Enough To Push Bears Back?

The Cardano network is preparing for its upcoming Hard Fork Combinator (HFC) event “Vasil”. The cryptocurrency has been undergoing several updates and optimizations but continues to follow the general market sentiment. Related Reading | ADA On Discount? Cardano Whales Go On $200M Shopping Spree In fact, Cardano (ADA) price has been trending downside since the end […]

PrimeXBT vs. Gate.io vs. eToro: The Best Opportunities For Traders And Passive Investors

PrimeXBT vs. Gate.io vs. eToro: The Best Opportunities For Traders And Passive Investors

As the crypto market grows and enjoys broader participation from the global investment community, the products and services offered must be increasingly competitive, easy to use, and more robust by the day. Not only must there be many options for active traders and investors, but today there also must be plenty to satisfy the appetite […]

One Coin, Two Trades: Why Bitcoin Futures And Spot Signals Don’t Match Up

One Coin, Two Trades: Why Bitcoin Futures And Spot Signals Don’t Match Up

Bitcoin price bounced to the tune of 5% following yesterday’s Federal Reserve meeting. However, the move has almost fully retraced. What’s interesting about the situation, is that traders at one particular platform could have seen this coming a lot more clearly, while others might have suffered a fake out. Here is a closer look at […]

Snoop Dogg, Clay Nation & Cardano Come Together On The Blockchain

Snoop Dogg, Clay Nation & Cardano Come Together On The Blockchain

Legendary rapper and new owner of Death Row Records Snoop Dogg launched an NFT collaboration with an exclusive metaverse project on the Cardano blockchain early this week in hopes to start his first formal metaverse play with a bang. Related Reading | Institutional Investors Exit Market As Crypto Declines, New Report Reveals Snoop Dogg & […]