Due to the increasing price of Bitcoin, the whole crypto market is seeing a rapid inflow of investments from FOMO-ridden investors. In the past week alone, the crypto market has grown by 5.41% and currently sits at $1.08 trillion. The trickle-down effect has also affected Ethereum, which has grown by 4.56% in the past 24 … Read more
Circle, the parent company behind the stablecoin USDC, had its $3.3 billion reserves stuck in the failed Silicon Valley Bank. This caused USDC, the second-largest stablecoin in the crypto market, to lose its $1 peg. However, after some positive developments regarding the SVB hoax, USDC is all set to regain its $1 peg. The stablecoin … Read more
Huobi, one of the major crypto exchanges in the world, announced that they would be partnering with the BitTorrent Chain ecosystem. The crypto exchange partnership with the blockchain solution will allow effortless crypto exchange by linking smart blockchains comprising BNB chain, Tron, and ETH, Huobi announced in a press release by Decrypt. According to the … Read more
The U.S. Securities and Exchange Commission chair has announced that all virtual crypto assets should be treated as securities except BTC. The Securities and Exchange Commission chairman disclosed to the New York Magazine that initiatives are securities since there’s a community in the middle and the public expects benefits based on that community. This action … Read more
Is the Recent Bull Run Over? The crypto market has had a fantastic start to the new year, with prices soaring to new heights. However, as with all upward trends, there are also downsides. Some analysts question whether the market will continue to see an uptick or if the bullish rally has ended. Bitcoin Derails: … Read more
After a long struggle in 2022, this year could be promising for ETH, and this year is commencing on a more positive approach for the virtual digital asset market. As a result, most virtual digital assets are witnessing their prices improve, and ETH has been changing hands by more than 34% since the start of … Read more
BTC has managed to revive above 23,000 dollars after dropping that level below the beginning of the week due to long investors who witnessed their position change. However, the benchmark digital asset remains highly volatile, with bearish and bullish markets struggling to control the 23,000 dollar value point. According to the Binance chart o the … Read more
Yesterday’s Market Outlook The initial two weeks of 2023 have seen the market adopting the stance it maintained during most of 2022’s fourth quarter. Meantime, the United States dollar re-launched its retreat as risk assets exhibit a bullish strength. That came after economic data and inflation confirmed further slowdowns. Nonetheless, the previous week saw mixed … Read more
Ethereum price presents a 37% YTD increase, nearly equal to Bitcoin’s. ETH’s upside might stretch toward $1,820, though a continued deterioration in the momentum metric would make this a top sign. Flipping $1,820 into reliable support and a higher high from the Relative Strength Index would see ETH canceling the bearish tale. Ethereum (ETH) has … Read more
BTC stretched its surges past the $17.5K and $18K resistance marks. Bitcoin trades beyond $18K and the 100 1hr Simple Moving Average. The 1hr chart shows a notable bullish trend emerging with footing near $17.4K (Kraken stats). BTC/USD might continue uptrends toward the resistance of $19K. Bitcoin price continued its upside strides and climbed past … Read more
