Bitcoin price is currently consolidating below $20,650 against the US Dollar. BTC could start a fresh rally if it clears the 100 hourly SMA and then $20,650. Bitcoin is holding gains above the key $20,250 and $20,000 support levels. The price is trading below $20,650 and the 100 hourly simple moving average. There is a …
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What separates the advanced and novice traders during a bear market is the application of different strategies, preciseness, use of the common 3 triangle patterns, and managing trade to have a proper edge against other crypto traders. Trading without the proper skills, such as market structures of the crypto market and implementing your strategy, is …
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Russia has seemingly turned to cryptocurrency since the West decided to ‘punish’ the nation for its invasion of Ukraine. A list of sanctions had been imposed upon the country by the United States and the EU which worked to essentially cut Russia off from world traders. However, with the rise in popularity of crypto, it …
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The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways price actions seem related to the upcoming macroeconomic events and their potential influence across global markets. At the time of writing, the Bitcoin price trades at $20,500 with sideways movement in the last …
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October began with a decline in Bitcoin, altcoin, and memecoins like Dogecoin prices backed by the Fed’s quantitative tightening and interest rate hike. Bitcoin slumped below the 20k psychological level, giving rise to tensions among investors in the market. However, the month ended with a massive price rally for some altcoins across the market. While …
Continue reading “Memecoin Cult Continues: Dogecoin And Shiba Inu In The Lead”
A survey commissioned by the Bank of New York Mellon (BNY Mellon) is showing that tokenized products are highly popular among institutional investors. The survey, which polled 271 institutional investors, says that over 90% of the respondents would be interested in putting their money into tokenized products. “91% of respondents expressed interest in investing in …
The team behind the largest euro-backed stablecoin is announcing integration with Ripple Lab’s XRP Ledger (XRPL). In a new blog post, Stasis, the company behind STASIS EURO (EURS), says they have completed integrating EURS into the XRP Ledger. Says Stasis CEO Gregory Klumov, “Another brick has just been added into the foundation of EURS, and it …
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As November begins, analysts are busy dissecting the major market movements that occurred in October. While Bitcoin (BTC) stayed relatively unchanged with only 5.89% growth in October, Arcane Research senior analyst, Vetle Lunde mapped out the direction the market might take in the next few months. “Uptober,” a reference to Bitcoin’s bullish historical performance in …
An emergency update was released to all of Lightning Network’s LND node operators on Nov. 1, after a critical bug caused LND nodes to fall out of sync chain. This was the second critical bug experienced by the network in less than a month. According to Lightning Labs, developer of the Bitcoin Lightning Network, some LND …
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Pick n Pay, one of South Africa’s largest supermarket chains, is set to allow its customers to pay for items in all its stores using Bitcoin. According to South African-based tech news outlet Tech Central, Pick N Pay is planning to roll out its cryptocurrency payments service to its stores nationwide in the coming months, …
India’s Finance Minister Nirmala Sitharaman said she would love to show that the country is “moving speedily forward” with digital financial technology as it prepares to assume the presidency of the G20. Speaking at the Indian Council for Research on International Economic Relations on Nov. 1, Sitharaman said the people of India have taken to …
A senior FTX executive has been revealed as the reported mystery donor behind a massive $500,000 contribution to the Democratic Party of the American state of Oregon. According to local reports, the Oregon Democrats initially told state election officials that the $500,000 donation was from Prime Trust, a crypto-focused fintech in Nevada. However, on Nov. …
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The biggest news in the cryptoverse for Nov. 1 includes Coinbase arguing that SEC’s lawsuit against Ripple caused $15 billion in losses for retail traders, Hackers stealing about $760 million in 44 hacks in October, and top 50 Dogecoin holders selling off $110 million worth of DOGE in the last seven days. CryptoSlate Top Stories …
MicroStrategy released its earnings report for the third quarter of 2022 on Nov. 1, saying it achieved “strong” year-over-year growth in subscription services and “record” growth in subscription billings, but still recorded a YOY drop in revenue with a net loss of $10.8 million. “We are continuing to see the global adoption of our cloud …
Bitcoin has outperformed gold and the DXY in October, posting a 6% increase while the two closed the month in the red, continuing the downward trend that began earlier in the year. 2 min read Updated: November 1, 2022 at 7:56 pm Cover art/illustration via CryptoSlate After two consecutive red months, Bitcoin posted a 6% …
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