Bitcoin has its price gaining momentum beyond the resistance zones at $29.5K and $30K. For now, the crypto trades beyond $29K and the 100-hourly Simple Moving Average. Kraken data shows BTC broke past a massive pessimistic line with resistance at $29.2K on the 1hr chart. Bitcoin can climb to conquer the resistance at $30.6K. BTC…
Monero (XMR) has been among the large-cap alts with somehow attractive performance on the charts since the May 12 decline. Raking 25th by market cap, XMR responded to the decline towards $133 with a remarkable 70% increase to touch $207. That emerged when Bitcoin hovered inside a range, making Monero’s near-term bullishness more enticing for…
UST’s demise sent tremors through the cryptocurrency world. And according to researcher Nansen, they can’t trace it back to a single perpetrator. Rather, they discovered the trades of a limited number of traders, one of whom was the Celsius Network. There were expectations for UST to preserve its USD-peg. By using algorithms and trade rewards….
Huobi has revealed the purchase Bitex, one of the prominent exchange platforms in Latin America. Huobi disclosed the deal was concluded on Thursday, but the final details of the transactions remain unknown. Huobi Group executive Jeffrey Ma says the acquisition is part of the firm’s objectives to continue its expansion plans. Venturing into the Latino…
BTC mining difficulty is now 29.85 trillion from the previous 29.85 trillion. The amount represents a 4.34% drop in the asset’s mining difficulty. The drop rate of the BTC difficulty adjustment algorithm represents the asset’s second-largest in a little less than 12 months. The Relevance Of The DAA Drop Last July, the DAA drop rate…
Providing regulatory clarity on virtual currencies is the goal of every country’s central bank globally. Since 2020, nations have clamored for better oversight in the crypto industry to curb illicit transactions and safeguard investors. Turkey has reportedly joined the long list of countries that aims to develop its cryptocurrency sector with improved oversight. The European…
Tezos (XTZ) has come from far from its former status as a ghost platform. Nevertheless, the 37th largest crypto by value faces intense competition from projects dominating the headlines. Still, Tezos has experienced lucrative price actions that fearless market players can follow. XTZ 1Day Timeframe – Rallies While writing this content, XTZ changed hands near…
VeChain price sees upside movements. VET price faces resistance near $0.03245. VET/USD support stands at $0.02978. VeChain price presents a bullish bias following upside actions towards the $0.0312 high. For now, the altcoin encounters resistance at $0.03245. Overcoming the hurdle will see VET extending its leg up towards $0.03400. Though the alt suffered bearish tendencies…
The Remarks of the FTX CEO regarding Bitcoin were heavily condemned by the crypto community, as several people diverted his attention towards Solana, a network having a PoS (proof-of-stake) consensus mechanism, that has gone offline more than a dozen times. The CEO, who is also the founder of FTX (a crypto exchange), has condemned the…
The ATO (Australian Taxation Office) has delineated crypto capital profits among the chief areas to be concentrated on during the present year. The difference between an asset’s purchase and its sale is known as a capital loss or gain. The percentage that the ATO owes differs among the ownership duration and income brackets, however generally,…
Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the…
Indeed, stablecoins suffered massively after the TerraUSD de-pegging crisis. The fiasco had UST plummeting from the steady $1 parity to $0.06 per UST while publishing this content. That had investors losing confidence as far as stablecoins are concerned. Meanwhile, USDC provider Circle took measures to restore the lost trust. Keep in mind that USDC is…
Two top South Korean exchanges (Bithumb and Upbit) have issued investment warnings over Litecoin’s recent upgrade. It is noteworthy that the exchanges issued their warnings separately. Litecoin’s New Upgrade Might Contradict FATF Policy The English translation of Bithumb’s notice reads, “the Mimblewimble extension blocks (MWEB) enhances Litecoin network’s scalability. However, the developers also included a…
Polkadot has traded at this current value area for some time. Consistent declines by the top market moves had most alternative tokens near their closest support floors and beneath immediate resistance zones. Indeed, the latest conditions in the marketplace have been harsh for crypto investors. Polkadot experienced a swift decline in buying momentum due to…
Bitcoin trades on the edge of closing another week in the red. That would translate to stretching the pessimistic action to two months. Though challenging the $30K mark several times, Bitcoin seems weak to overcome the area as it spends more time beneath the crucial zone. The previous 24 hours saw bullish reactions within the…
Bobby Ong, one of Coingecko’s founders, has predicted that the decision by the US Fed to raise rates to curtail inflation will create a huge difficulty for the crypto market at least for the next 18 months. Ong Explains The Reasons Behind His Prediction He explained that since the crypto market and stock market now…
The largest stablecoin lost its USD peg last week, which resulted in many holders converting their USDT holdings to other stablecoins or fiat. The USDT de-pegging also created intense selling pressure in the wider crypto market. Tether Holdings Ease Fears Of Usdt Holders A part of the latest quarterly report by Tether holdings was dedicated…
Polkadot price experiences a steep fall. The altcoin breached the buyer’s region on DOT’s TSI. Polkadot should climb past $14.25 to invalidate this bearish bias. Polkadot (DOT) appears weaker than most cryptos in the marketplace. For now, it may be a no home for traders. Interested individuals should give the token more time to…
93.68% of the Curve pool is made up of USDN, according to crypto writer Colin Wu’s article. Similar ratios were detected in UST’s Curve pools, indicating that the peg is below strain and that more deposits may be required to maintain equilibrium. The USDN price, which is expected to remain stable at around $1, dipped…
On Wednesday, the biggest issuers of crypto ETPs globally, 21Shares, entered the US crypto market space by launching two crypto index funds. Thus, eligible investors can gain investment exposure to digital assets regardless of whether they are large or medium-cap-sized digital assets. Details About The New Index Funds The newly launched index funds will monitor…