Bitcoin is trending toward a retest of its lower support and if this happens, UNI, ICP, AAVE and QNT could breakout to the upside. Bitcoin (BTC) has given up ground over the weekend as investors remain cautious about the United States consumer inflation data to be released on July 13. Analysts anticipate June’s consumer price…
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BTC price performance is just about on course to cap its biggest advance since March on the weekly chart, but anything could happen before the close. Bitcoin (BTC) hit three-day lows into the July 10 weekly close as $21,000 gave way as short-term support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes bullish divergences…
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During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on November 10, 2021, when the digital currency’s value tapped $69K per unit. The crypto economy has seen some healing as the market capitalization of all…
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Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there’s 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoin’s “weak price-action through…
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Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and…
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Alexander Tziamalis, Senior Lecturer in Economics, Sheffield Hallam University, and Yuan Wang, Senior Lecturer in Economics, Sheffield Hallam University.____ The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the…
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Artificial intelligence will be an integral piece of the metaversal puzzle that will help to create an impactful user experience, thus dramatically increasing the market size. The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected…
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The MicroStrategy CEO argued that ETH is a security as it was issued via an ICO and its network has had many fundamental changes over the years. MicroStrategy CEO and Bitcoin (BTC) bull Michael Saylor said that Ethereum (ETH) is ‘obviously’ a security as he doubled down on labeling BTC as the only commodity in…
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Rene Reinsberg, a co-founder of Celo, an open platform that makes financial tools accessible to anyone with a…
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Web2 identity has been all about linked email addresses and social media accounts. Now that Web3 is poised to move in, here’s why crypto wallets will be the new key to ID. Digital identity has been a fraught subject since the earliest days of the internet. Web2 bridged the gap between people’s offline lives, online…
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