After a bearish week, the global cryptocurrency market continues to trade sideways today, sending Bitcoin below the $20k level and Ethereum below $1.1k. Stocks are having one of their worst years, with Tech Stocks showing significant bearish momentum in 2022. The good news is that the selloff has subsided this Friday as BTC remains above...Read More
The past year has seen Non Fungible Tokens, NFTs, grow from just a few mentions in the blockchain world to mainstream media. The concept of NFTs has brought about several changes and opportunities for the blockchain community. One of these is the artist industry. You might have heard cases whereby there are copyright issues or...Read More
After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear market is in full effect for crypto and traditional markets. Tech stocks are having their worst year yet, with major stocks like Apple Inc (AAPL)...Read More
Recent reports indicate that the Ethereum 2.0 merger will be happening sometime this year, with many predicting an early merge in August. This comes even as the network struggles with low scalability and massive gas charges. Merge Coming in The Summer A few months ago, Tim Beiko, an Ethereum network developer, mentioned that the upcoming...Read More
Ryder Ripps and a number of his accomplices are the targets of a lawsuit brought by Yuga Labs, the company that created the Bored Ape Yacht Club Nonfungible Tokens (NFTs). Notably, Ryder Ripps, in a Twitter thread a few days ago, made claims that Bored Ape Yacht Club NFT collections have links with racism. The...Read More
An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry. The recent mass crypto liquidation wave has triggered fear of contagion risks. Major DeFi lenders Celsius Network and Babel Finance froze withdrawals, and Three Arrows Capital,...Read More
This week has been rather bullish for most digital assets as the market continues to show splendid recovery after hitting its bottom on June 18th. Bitcoin price is up over 3% today, trading at $21.2k, Ethereum price managed to close in at $1.2k, BNB is up over 12% this week, trading above $240, XRP saw...Read More
The price of Bitcoin continued to fall yesterday, dropping as much as 2.9 percent to $20,244. BTC is currently trading at $20,357.77, a slight improvement from yesterday. Notably, it is moving in tandem with the weakening stock market due to concerns about a global recession. Controversies on the Bitcoin Launch Timing Satoshi Nakamoto started working...Read More
Last year, 2021 brought a lot of meme coins into the limelight, with Dogecoin leading the way with a dramatic bullish run with its price up over 12,000 percent last year. Shiba Inu followed suit with a 2,405 percent price increase in three days to $0.000039 on May 10th and later went to $0.00008845 in...Read More
After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor...Read More
After experiencing a massive sell-off that saw the price of Bitcoin trade sub $17K, The King Cryptocurrency is now making recoveries into the $21k levels. Today’s live Bitcoin price is $21,497.40 with a 24-hour trading volume of $33,593,846,614 USD. Bitcoin is up 3.86% in the last 24 hours. The current market cap sits at $410,026,889,460....Read More
Bitcoin price is up over 4% today as the cryptocurrency continues to rally past the $21k mark, currently trading at $21,546. Major cryptocurrencies like Ethereum, Cardano, XRP, and Solana are also showing substantial price growth, with SOL gaining upwards of 10% in the past 24 hours. The bullish momentum this Tuesday comes amid the stock...Read More
There’s been an uproar and criticism against the Bored Ape Yacht Club NFT recently. BAYC is a collection of 10,000 Bored Ape NFTs, unique digital collectibles living on the Ethereum blockchain. Each Bored Ape is unique and programmatically generated from over 170 possible traits, including expression, headwear, clothing, and more. All apes are dope, but...Read More
It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin hitting $17k low levels. Celsius had reportedly stopped users from withdrawing from the network, which caused some uproar in the community as many investors feared...Read More
The crypto world is no stranger to market manipulation. In fact, it’s something that happens on a regular basis. The most recent example is the story of BitConnect, which promised guaranteed returns of up to 40% per month. Of course, this was too good to be true and the platform eventually collapsed, taking billions of dollars worth of investor money with it....Read More
Several projects have shown substantial growth in the past 24 hours, with cryptocurrency markets recovering from this weekend’s selloff. Some Metaverse and NFT projects gained over 45% today, signaling plenty of momentum and traders waiting on the sidelines, ready to buy the dip. Today we look at the top two Metaverse crypto coins gaining the...Read More
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However,...Read More
The cryptocurrency market is witnessing a tremendous selloff, with most assets losing more than 40% of their value in less than 24 hours. Bitcoin’s price is currently challenging the 2017 all-time high range of $17,500 to $20,500 and is constantly shadowing lower prices, indicating that sellers are exerting excessive pressure. BTC hit a fresh 18-month...Read More
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $900, currently trading at $1k, up over 5% in the past 24 hours. The market saw a significant recovery after yesterday’s dump, which...Read More
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago...Read More
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST but is tethered to TRX....Read More
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed. Background Celsius Network is a blockchain-based lending platform accessible through a free mobile app. Celsius Network is a...Read More
Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as...Read More
As expected, this week, the stock market opened in a bear market, with the Dow losing 876 points, S&P falling into bear territory, and the Nasdaq selloff continuing. Bitcoin and Ethereum saw significant bearish momentum on Monday, which continued through Tuesday, with the Bitcoin price losing nearly 25% this week and the Ethereum price down...Read More
Bitcoin and Ethereum prices show significant losses this Monday, with BTC trading at $23.7k and ETH dropping nearly 16% to $1.2k. Current cryptocurrency prices are bringing the market back to January 2021, with the global market cap finally dropping below the $1 trillion level, currently at $965 billion. Panic at the Market There’s evident panic...Read More
The Bitcoin and Ethereum price continues to face bearish pressure as the global cryptocurrency market shows a 4.55% decline in the past 24 hours. The BTC price is down over 4%, currently trading at $27.6k, and ETH is down 6.87%, currently trading at $1.4k. Surprisingly, Terra 2.0 (LUNA) price managed to gain 4% today as...Read More
This weekend is rough for the global crypto market as it’s nearing a year low. Bitcoin struggles to hold support, dipping below $19k, and Ethereum is facing significant bearish pressure as the ETH price is down 10%, currently trading at $1,500. As Terra 2.0 (LUNA) is considered an altcoin, it’s no surprise that LUNA is...Read More
After setting his Twitter profile to private four days ago, Terra Luna’s Founder, Do Kwon, once again opened up his Twitter account to the public, publishing a series of posts. Do Kwon Opens Up In a series of tweets published today, June 9th, Do Kwon elaborated on several issues regarding Terra 2.0. Starting with a...Read More
As Bitcoin and Ethereum struggle to hold support, Terra 2.0 (LUNA) also faces significant bearish pressure from traders and investors. The Terra 2.0 (LUNA) price declined by over 20% in the past 24 hours and down over 58% the past week, currently trading at $2.83 and falling as traders remain impatient and fear is taking...Read More
Ever since Terra Luna’s founder, Do Kown, unveiled a new “Terra Ecosystem Revival Plan 2” that’s supposed to bring back the glory days of Terra Luna, the asset, however, has been a free fall ever since. After a relatively small gain of about 77% immediately after launch, it seems investors are now losing faith in...Read More
