Archives par catégorie: Business

World Cup Win Not Enough To Save Argentina Fan Token From Losing 50% In Value

World Cup Win Not Enough To Save Argentina Fan Token From Losing 50% In Value

After beating France in the dramatic final of the 2022 Soccer World Cup in Qatar on Monday, Argentina won its third world title. The win that Argentina achieved is destined to go down in history as a momentous event. But, despite the dramatic victory, the country’s fan token ARG shed nearly half of its value, […]

Bitcoin Price Bounces Off $16,300, Here’s Why

Bitcoin Price Bounces Off $16,300, Here’s Why

The Bitcoin price slipped further yesterday, falling below the $16,300 level. At $16.285, BTC reached a price last recorded on November 29. However, a surprising windfall occurred when the Bank of Japan (BoJ) announced an unspoken pivot. The BoJ drastically widened its yield curve control band to 0.50% and significantly increased the number of government […]

Ethereum Price Breaking This Confluence Resistance Could Start Recovery

Ethereum Price Breaking This Confluence Resistance Could Start Recovery

Ethereum remained in a bearish zone below the $1,250 resistance against the US Dollar. ETH is attempting a recovery wave, but the 100 hourly SMA is the key. Ethereum made another to clear the $1,150 support, but the bulls were active. The price is now trading below $1,200 and the 100 hourly simple moving average. […]

Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $17K

Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $17K

Bitcoin price declined further and traded below $16,500. BTC is correcting losses, but it could struggle to climb above the $16,700 and $17,000 resistance levels. Bitcoin extended its decline below the $17,000 and $16,500 support levels. The price is trading below $16,800 and the 100 hourly simple moving average. There is a connecting bearish trend […]

Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer

Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer

BNB Price has been seeing a lot of declines since Binance came under fire for the audit published by Mazars. Fear, Uncertainty and Doubt (FUD) had spread like wildfire, leading to more than $5 billion in withdrawals from the crypto exchange. Nevertheless, Binance was able to withstand the onslaught and amid all of this, activity […]

Ethereum Price Balks As Dormant Whales Reactivate

Ethereum Price Balks As Dormant Whales Reactivate

Ethereum price closely followed that of bitcoin throughout the week and this saw the digital asset fall below the $1,200 level once more. Presently, the entire market looks to be consolidating but Ethereum has been put under some pressure following the activation of two whale addresses. These addresses which had not transacted for about half […]

Why Bitcoin Could Return to $17,000 In the Short Term

Why Bitcoin Could Return to $17,000 In the Short Term

The price of Bitcoin continues to grind slowly to the downside while other major digital assets follow. The market is moving in tandem with the legacy financial sector, pricing in a higher terminal rate for 2023.  As of this writing, Bitcoin trades at $16,600 with sideways movement in the last 24 hours. In the previous […]

Grayscale Says It May Return 20% Of Investor Capital, Bitcoin Refuses To Budge

Grayscale Says It May Return 20% Of Investor Capital, Bitcoin Refuses To Budge

Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Grayscale, which is still unresolved after a month, is depressing the market sentiment around Bitcoin. As reported by the Wall Street Journal, information has now […]

Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?

Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?

Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is reflected in the other altcoins as most, if not all, move alongside ETH. However, if the […]

Binance Controversy Continues As Experts Warn Of Serious Fallouts Due To FUD

Binance Controversy Continues As Experts Warn Of Serious Fallouts Due To FUD

Binance rumors were the all-dominant topic last week after the FOMC meeting. Rumors of insufficient proof of reserves and the pullback from accounting firm Mazars, allegations of a bank run and insolvency, as well as CZ’s interview on CNBC have dragged the Bitcoin and crypto sentiment and prices down. Charles Edwards of Capriole Investments pointed […]

Litecoin Price Bleeds, Why The Bulls Could Stay On Sidelines

Litecoin Price Bleeds, Why The Bulls Could Stay On Sidelines

Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support. Litecoin started a fresh decline from the $85 resistance against the US Dollar. The price is now trading below $70 and the 100 simple moving average […]

Ethereum Price Suffers Setback, This Triangle Could Start Another Decline

Ethereum Price Suffers Setback, This Triangle Could Start Another Decline

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150. Ethereum started another decline and traded below the $1,200 support. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key contracting […]

Bitcoin Price Prints Bearish Technical Pattern, Why It Could Continue Lower

Bitcoin Price Prints Bearish Technical Pattern, Why It Could Continue Lower

Bitcoin price declined heavily and traded below $17,000. BTC is consolidating losses and remains at a risk of more losses below the $16,500 support. Bitcoin started a fresh decline below the $17,200 and $17,000 support levels. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend […]

The Bulls Could Be Back For Solana If It Remains Above This Level

The Bulls Could Be Back For Solana If It Remains Above This Level

Solana price has displayed a completely bearish price thesis on the one-day chart. In that same timeframe, the coin declined by close to 9%. The depreciation in value might continue as the technical outlook points in the same direction. With the recent Solana Protocol Raydium hack of over $2 million, the price of the coin […]

Solana: Outshined But Not Lifeless As Network Activity Accelerates

Solana: Outshined But Not Lifeless As Network Activity Accelerates

Solana was scrutinized extensively after speculations appeared connecting it to the bankrupt FTX. The network’s perception of FTX was drastically altered by the occurrence, and the resulting fear, uncertainty, and doubt (FUD) proved challenging to dispel. Almost 9% of the token’s value was wiped out today, perhaps because of the fallout from the exchange’s downfall, indicating […]