Archives par catégorie: Business

Sam Bankman-Fried Addresses $8 Billion Balance Sheet Deficit, The Key Takeaway

Sam Bankman-Fried Addresses $8 Billion Balance Sheet Deficit, The Key Takeaway

The entire crypto market bled with multiple losses and asset devaluation after the collapse of Sam Bankman-Fried’s crypto exchange FTX. In addition, crypto firms exposed to FTX got a fair share of the bitter pill. Investigations have been ongoing to determine the location of the $8 billion hole in FTX’s balance sheet, which caused the […]

Ethereum Price To Reclaim $1,300 Throne – What Are The Possibilities?

Ethereum Price To Reclaim $1,300 Throne – What Are The Possibilities?

This week saw a positive recovery in some crypto assets, Ethereum included. It is gaining momentum and preparing for a bullish rally in the days to come. Although Ethereum is still below $1,300, some factors suggest a possible increase to $1,350 and $1,550. The crypto market has been filled with FUD (fear, uncertainty, and doubt) […]

This Historic Bitcoin On-Chain Support Level Is Still Not Lost

This Historic Bitcoin On-Chain Support Level Is Still Not Lost

On-chain data shows the historical 20-Day MA Bitcoin aSOPR support level has continued to hold so far. Bitcoin 20-Day MA aSOPR Rebounds Off Historical Support Line As pointed out by an analyst in a CryptoQuant post, the BTC aSOPR recently retested its 8-year old support. The “Spent Output Profit Ratio” (or SOPR in short) is […]

U.S. Economic Data Foils Bitcoin Bulls’ Rally Attempt To Retake $17,000

U.S. Economic Data Foils Bitcoin Bulls’ Rally Attempt To Retake $17,000

Bitcoin is retracing and might be at the end of the short-term bullish momentum; the macroeconomic data might have shifted once again against it. The cryptocurrency saw profits after weeks of trending to the downside, but the rally is losing steam.  The number one crypto by market cap is moving sideways after the collapse of […]

Terra Classic Surges By 17%; Korean Prosecutors Seek Arrest of Co-Founder

Terra Classic Surges By 17%; Korean Prosecutors Seek Arrest of Co-Founder

With the implosion of the LUNA coin, the Terra ecosystem was devastatingly hit within a few days in May 2022. The successor, Luna Classic (LUNC), currently once again surged in price. LUNC briefly rose to $0.00019439, registering a 20% price increase. At press time, the LUNC price showed a correction. However, LUNC was still at […]

Chainlink May Rise 25% This Week As Bulls Work To Reclaim Its Pre-Crash Value

Chainlink May Rise 25% This Week As Bulls Work To Reclaim Its Pre-Crash Value

The use of the native token of Chainlink is seeing a decent rise. Today alone, the price of LINK has increased by 2.0% in the last 24 hours, as measured by statistics from CoinGecko. Though not a big deal in terms of massive increases, it pumps up the bulls. In the weekly and bi-weekly timescale, […]

Will Bitcoin (BTC) See A Christmas Rally? Here’s What To Watch

Will Bitcoin (BTC) See A Christmas Rally? Here’s What To Watch

After the recent speech by US Federal Reserve chairman Jerome Powell, there was a price firework on the stock market, from which Bitcoin also benefited. As a result, the BTC price has climbed to over $17,000. At press time, Bitcoin was trading at $16,982. However, the joy could not last long. The price is currently […]

Tron Adds 1.75 Million New Addresses In Last 7 Days As TRX Regains Previous Losses

Tron Adds 1.75 Million New Addresses In Last 7 Days As TRX Regains Previous Losses

TRON (TRX) took a heavy hit during the first half of November following unfortunate events such as the implosion of FTX, an exchange that was once considered the third largest in the world. According to data provided by Coingecko, from its $0.064 price on November 6, TRX went on a steady decline until it plummeted […]

Huobi Token Breaches $7 Marker Following Update On This Planned Coin Unveiling

Huobi Token Breaches $7 Marker Following Update On This Planned Coin Unveiling

Huobi Token (HT), a cryptocurrency trading exchange asset with an overall valuation of $868 million, recorded a significant uptick in its price after an announcement made by Justin Sun, the founder of the Tron blokchain. According to data from Coingecko, on November 29, the asset went up by 13% and peaked at $7.22 before entering […]

Ethereum Price Holds Strong at $1,250: A Strengthening Case for Upside

Ethereum Price Holds Strong at $1,250: A Strengthening Case for Upside

Ethereum spiked above the $1,300 resistance zone against the US Dollar. ETH is correcting gains, but it remains supported near $1,250 and $1,230. Ethereum gained pace for a move above $1,300 before the bears appeared. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break below a […]

Bitcoin Price Starts Technical Correction, Here’s Key Support To Watch

Bitcoin Price Starts Technical Correction, Here’s Key Support To Watch

Bitcoin price traded above the $17,000 resistance. BTC is correcting gains and might decline towards the $16,650 support zone in the near term. Bitcoin gained pace and cleared the $17,000 and $17,200 resistance levels. The price is trading above $16,650 and the 100 hourly simple moving average. There was a break below a major bullish […]

Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear On The Bear Market?

Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear On The Bear Market?

Bitcoin is retracing its recent week losses, and it’s about to reclaim the support lost during the FTX debacle. The number one crypto by market capitalization is displaying some short-term strength as macroeconomic conditions continue to improve.  Other cryptocurrencies in the crypto top 10 by market cap are seeing profits. Dogecoin (DOGE) and Ethereum (ETH) […]

Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resistance

Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resistance

Bitcoin’s price increases have brought some sunshine to the cryptocurrency sector. Each of CoinGecko’s three timeframes—daily, weekly, and biweekly—showed BTC in a positive light. This is fantastic news for the cryptocurrency market as a whole, as BTC is the dominant currency in the sector. Here’s a quick glance at how Bitcoin is performing of late: […]

CAKE Not Looking Delectable For Investors Despite PancakeSwap’s Progress

CAKE Not Looking Delectable For Investors Despite PancakeSwap’s Progress

As of late, PancakeSwap has been working with Hashflow to offer HFT payouts on its staking platform. The Tweet implies that this will make it possible for someone to utilize PancakeSwap to “farm” HFT tokens for profit. For a decision to be voted on by PancakeSwap users, it must be supported by the votes of […]

Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones

Chainlink (LINK) Is About To Launch Staking – These Are The Next Target Zones

While Chainlink staking v0.1 will go live on the mainnet on December 6, the LINK price has shown a strong performance over the past week. At press time, LINK was trading at $7.58, and thus up 13.5% over the last week. Still, Chainlink has been going sideways for seven months. However, thanks to dovish comments […]

US Institutional Investors Flocking Back To Bitcoin – Is The Bottom In?

US Institutional Investors Flocking Back To Bitcoin – Is The Bottom In?

The Bitcoin price has seen a minor rally after yesterday’s speech by US Federal Reserve chairman Jerome Powell. The price rose above $17,000, driven by the statement that smaller rate hikes are likely imminent and could begin in December. Ultimately, analysts see a 50 basis point hike in December almost a lock. The FED was […]

ApeCoin Falls Below $4 Again As Its Treasury Sells Its Own Token Holdings

ApeCoin Falls Below $4 Again As Its Treasury Sells Its Own Token Holdings

ApeCoin (APE) seems to be ignoring the push that the broader crypto market is making that enabled many cryptocurrencies record significant price increases during the previous 24 hours. In fact, the digital currency that currently ranks 35th in terms of market capitalization has gone down by 3.1% for its intraday performance as it once again […]

Polygon Surges 12%, Edging Bitcoin And Ethereum, In Last 24 Hours

Polygon Surges 12%, Edging Bitcoin And Ethereum, In Last 24 Hours

Polygon (MATIC) posted the highest 24-hour gains today and surpassed Bitcoin and Ethereum in that department as the altcoin mounts a bounce back following the crashing effects of the FTX implosion. MATIC is nursing a 12% intraday increase The crypto has breached the $0.90 barrier and pushed its market cap to over $8 billion Polygon […]