Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Bitcoin extended its decline on May 12, but analyst Philip Swift, co-founder of trading suite Decentrader and creator of data resource LookIntoBitcoin, does not expect a deep correction. He said it was “interesting to note that…
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Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels. The United States consumer price index rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPI’s monthly rise of 0.4% in April…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana’ Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals Read…
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Bitcoin’s value has once again dipped under $28,000, influenced by various factors such as the dwindling interest in the PEPE meme cryptocurrency, Binance issues, and Bitcoin congestion problems. The well-known exchange temporarily halted Bitcoin withdrawals over the weekend due to what they claimed was Bitcoin congestion problems, and despite resuming service on Sunday evening, concerns…
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Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. XRP Xrp, formerly known as ripple, fell by as…
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Palm NFT Studio has also launched a new tool via Epic Games’ Unreal Engine that enables creators to make generative “game-ready” 3D assets and art collections. Blue chip nonfungible token (NFT) project Pudgy Penguins has signed a representation deal with major Hollywood talent agency William Morris Endeavor (WME). According to an announcement via Twitter on…
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Ether has broken out of its triangle and that may pull Bitcoin price above $30,000. Confidence in the United States financial system seems to be eroding fast with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was…
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Solana Labs founder Anatoly Yakovenko remains confident about the prospects of the Solana blockchain amid increasing competition from other emerging blockchain networks. At least six blockchain networks are set to launch soon, with Scroll, Linea, and the Coinbase-backed Base projects already gaining popularity among developers, potentially affecting market share for existing networks like Solana. … Read…
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Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was up by nearly 1% earlier in the day, as Tuesday’s losses eased. Solana, on the other hand, remained lower, as it fell towards a key price floor. Polygon (MATIC) Polygon (MATIC) edged higher on Wednesday, as…
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Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today. Litecoin (LTC) Litecoin (LTC) was down…
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