The cryptocurrency market continues to trade sideways today, with Bitcoin hovering around the $16,500 mark and most altcoins not seeing much action either. Besides the ongoing questions around the FTX collapse contagion, the biggest news of the day may have been Binance CEO Changpeng “CZ” Zhao announcing that Binance has allocated an additional $1 billion…
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Bitcoin failed to maintain its upward trend on November 24 and fell below $16,650 despite the release of dovish FOMC meeting minutes. Members of the Federal Open Market Committee (FOMC) voted in early November to raise interest rates by 75 basis points, or 0.75%. However, Fed Chair Jerome Powell stated in a press conference that…
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Bitcoin failed to maintain its upward trend on November 23 and fell below $16,650. However, following the release of dovish FOMC meeting minutes, Bitcoin is gaining bullish momentum. According to FOMC minutes, Fed officials’ “Substantial Majority” see rate hikes slowing “soon.” Most Open Market Desk survey respondents thought a 50 basis point increase in…
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The cryptocurrency market generally recovered on Wednesday and pushed its market cap to $860 billion. Litecoin price led the mid-week bear rally, in a move that brought its weekly cumulated gains to 37.4%. Dash also outperformed its peers with a 14.65% recovery. Although Curve DAO Token only managed a 3.78% increase in price on the…
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It has been another gruesome day in the cryptocurrency market, with Bitcoin price sliding to $16,000. Ethereum, the second-largest cryptocurrency, dropped further down the rabbit hole and is trading 5% lower on the day at $1,117. The sell-off accompanied a 3.6% decline in the crypto market cap to $830 billion. … Read More: Best Crypto to…
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XRP price prediction remains slightly bullish above the $0.3650 support zone, as XRP’s trading volume has sliced through $700 million and now stands at $865 million. The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto sector will emerge stronger after the FTX catastrophe if openness and trust remain its major focus. He urged an…
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The fall of FTX has led to a significant decline in the cryptocurrency market during the past few weeks. Many more businesses have gone bankrupt as a result of this pandemic, which has spread throughout the entire ecosystem. Those with crypto assets are scrambling to protect their funds from the current market downturn. Despite the…
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On Sunday, November 20, the total cryptocurrency market cap is $821 billion, 1.93% lower than yesterday. The market cap of DeFi coins has decreased by 1.83%. Bitcoin, the leading cryptocurrency, has remained mostly unchanged, up 6% from a recent low of $15,828. Since Bitcoin has been trapped below $17,000 for days, there has been no…
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Investors are trying to find shelter from the current crypto market collapse. There are still opportunities to make money despite the fact that coin prices remain very volatile. In this article, we’ll discuss a few of the coins that have caught the attention of numismatists:… Read More: Whales Say These 4 Coins Can 20x by…
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Bitcoin (BTC) was trading near a recent price floor as the weekend began on a bearish note. Bitcoin is trading slightly lower on Saturday, below the 23.6% Fibonacci retracement level, with resistance at $17,250. An already negative trend has been reinforced by the continuous drop in BTC’s price in the wake of the FTX controversy.…
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