Introduction Crypto trading is the latest trend of investment that is popular among the younger generation. However, before cryptocurrencies, there were other trading options available in the market outside of the stock market as well. One such alternative for trading is Forex Trading. Investors are always looking to diversify their portfolios by dividing their investment…
Mixed Sentiment in Crypto Market The Crypto market is usually led by the market creator, Bitcoin. If Bitcoin’s value drops then subsequently values of all cryptocurrencies fall. However, this does not happen all the time as exceptions are also quite frequent. Similar exceptions were noticed at the end of last week, although the sentiment in…
Sam Bankman-Fried, the former chief executive of the FTX crypto exchange, remains in the spotlight even today, but for different reasons entirely. The former boss and the founder of the doomed FTX is currently under investigation by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). In fact, the disgraced entrepreneur…
Binance’s web3 Focused Fund Launch On 1st December 2022, Binance announced the launching of its newly formed fund called the ‘Industry Recovery Initiative (IRI)’. According to the world’s leading centralized crypto trading platform, Binance, the fund has been established for supporting web3. It said further that the fund offers great investment opportunities mainly to the…
The downfall of the FTX crypto exchange is currently the hot topic in the crypto industry and it is likely going to remain so for a while. This is primarily due to the impacts it has had on the entire market and experts are trying to understand the reasons behind it in order to prevent…
Bitcoin may be edging down and its mining may not be viable currently but the truth is crypto winter hasn’t ended yet. In fact, the winter season has been extended till a time unknown. In these circumstances, witnessing a gainer in the crypto market is a rare sight but not rare for Litecoin (LTC). LTC…
If you have been following the crypto industry since the start of the year 2022, then you have boarded the crypto train at the worst time. No matter the digital asset you look at, all you would find is a downtrend and the value moving into the negative zone. The entire crypto industry has been…
Technical indicators may offer insights for market players that need hope as the crypto market sees extended chaos. This article evaluated three crucial indicators and what they reveal about Bitcoin’s near-term price. Bitcoin and the crypto space have experienced bearishness this year. Indeed, the industry has struggled this year as players like 3AC, Terra, and…
LTC price displays a bearish divergence forming on the 24hr chart, hinting at an upcoming fall. On-chain data shows 22% of Litecoin holders enjoy profit, further painting a bearish outlook. A breakdown of $55.23 will form a lower low, annulling the bullish case. Litecoin price saw an impressive rally after the FTX-driven crush bottomed on…
The crypto market continues its downward journey, and experts believe enthusiasts should watch cryptocurrency exchange Genesis, which might be seeking additional funding. Bitcoin and Ethereum extend their downside trip, with market participants worried that more cryptocurrency exchanges might follow FTX’s steps. The leading digital coin, Bitcoin, lost approximately 6.6% in the last 24 hours to…
Bitcoin extended its bearish track, losing $16.5K & $16.4K. Downward tendencies pushed prices beneath $16.5K and the 100-hourly Simple Moving Average. The 1-hour chart confirms a forming bearish boundary with $16,390 resistance. A move past the hurdle of $16.5K would translate to a decent uptick. The world’s leading crypto sees gradual dips toward $15.5K. Bitcoin…
Escalated selling pressure over the past few days saw APE witnessing a patterned bearish break. The crypto saw slight improvements in MVRV and network growth. ApeCoin had its downward snowballing after the alternative token touched its all-time high zone in April 2022. That saw the alt denying buyers an opportunity to welcome trend-shifting rallies for…
The sudden collapse of FTX cast doubt among exchange users over their fund’s security held in custodial wallets. The revelation by Bahamas authorities of FTX Group filing for bankruptcy last week caused a widespread shockwave across the virtual assets market. The aftershocks of the sudden implosion of a key player in the global crypto assets…
XRP price outlook is bearish. The next resistance stands at $0.3551. XRP/USD has support at $0.324. Ripple price exhibited losses as the remittance token plummeted toward $0.3496 today. The downward trend remained constant within the past two days, and the price followed a downside trend. Meanwhile, the trend reversals were somewhat unanticipated as bulls led…
Chainlink price paints a bearish picture. LINK’s massive resistance stance at $8.9 The alt has reliable support at $%.9 Chainlink price outlook shows the alternative token exploring bearish tendencies on 13 November 2022. Crypto suffered a massive downside amidst the ongoing turmoil in the cryptocurrency market. LINK’s price remained negative within the last few hours….
Chiliz highlighted that its new PoSA (Proof-of-Staked-Authority) chain was in the testnet phase. The latest market correction saw CHZ price rallying, putting most holders in profit. The leading entertainment and sports fan token platform, Chiliz, revealed two crucial upgrades on its ecosystem in the upcoming weeks. Moreover, it showed the announcement on November 9. The…
LTC price analysis shows upside tendencies. LTC/USD support stands near $54.75. The altcoin encounters rejection at around $63.74. The Latest Litecoin price outlook shows LTC explores bullishness today, following positive sentiment within the marketplace. Meanwhile, bulls target new highs as they explore the $62.64 mark. That cleared the path toward the $63.74 record high. The…
Cryptos exposed to Alameda Research, FTX, and Sam Bankman-Fried seem to have suffered the most. Solana witnessed its total value locked plunging by 32.4% within the past day. That came as the news of FTX callable sent a shockwave in the entire cryptocurrency market. DeFiLlama shows SOL’s TVL dropped to $423.68 million, reflecting a 32.4%…
Avalanche’s Twitter handle for ecosystem news tweeted on November 6 about the project’s weekly subnet statement. The report by AVAX Daily revealed some notable updates that the blockchain experienced. The tweet confirmed that AVAX’s subnets totaled 36, whereas the total validators stood at 1,219. Moreover, the transaction count over the previous week didn’t see a…
The latest rally in the crypto space saw Tron exploring 5-day peaks of $0.06382 as of November 5 (Coinmarketcap data). The alternative token ranked 15th by market cap. Moreover, TRX lost 1.5% over the previous day to its press time value of $0.06351. Evaluating the asset’s daily chart showed Tron buyers dominated the market on…
