Bitcoin (BTC) dipped below $38,000 on Feb. 21 but the bulls are attempting to arrest the decline and start a recovery. The sustained weakness in 2022 seems to have toned down expectations of a strong rally. Huobi crypto exchange co-founder Du Jun said that if the Bitcoin halving cycle repeats, then the current weakness could
Cryptocurrency
Axie Infinity’s native cryptocurrency AXS bounced higher on Se as the market’s focus shifted on its listing across two major crypto trading platforms: Bitfinex and Bitstamp. The AXS/USD exchange rate surged 15.52%% to $69.86, negating all the losses that it incurred at the beginning of this week. The intraday rally came as a part of
German stock market operator Deutsche Boerse continues diving into the cryptocurrency derivatives by listing three new crypto exchange-traded notes (ETN) by VanEck. Deutsche Boerse officially announced on Tuesday that VanEck’s new ETNs on Polkadot’s DOT, Solana (SOL) and Tron (TRX) are now tradable on its digital stock exchange, Xetra, and the Frankfurt Stock Exchange. The new
Solana has attributed the 17-hour outage it suffered last week to a denial-of-service attack aimed at Grape Protocol’s Sept. 14 initial DEX offering (IDO). In a Sept. 21 blog post, the Solana Foundation stated that bots spammed the network as Grape launched its IDO on the Solana-based decentralized exchange (DEX) Raydium at 12:00 UTC last
Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move uphill came as a part of an overall bullish trend that started Thursday, wherein
There was a lot of talk at SALT Conference 2021 about Solana Labs, the supersonic racer of layer-one blockchain networks. Not surprisingly, much of that conversation centered on speed — or, in network parlance, transactions per second (TPS). If blockchain technology is ever to achieve mass adoption — 1 billion users, say — then it
SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair’s upside move pushed its 24-hour adjusted timeframe profits up to 23%, making SUSHI the best-performing DEX
Uniswap (UNI) was among the best performers among the top cryptocurrency tokens by market capitalization in the previous 24 hours, logging better gains than other top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB). On Wednesday, the UNI/USD exchange rate jumped 13.26% to hit a seven-day high of $25.68. Traders continued to bid
In April of this year, an anonymous buyer purchased a copy of Action Comics #1 for $3,250,000 USD — the highest figure on record for a vintage comic book. Published in 1938 and featuring the first-ever appearance of Superman, the comic is one of the last known copies in existence. Prior to the auction, it
Bitcoin (BTC) fell further at the start of the new week as a lack of bullish momentum sparked new lows near $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin threatens loss of $44,000 “demand zone” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing levels that analysts demand should stay as support. After
Bitcoin (BTC) ranged below a critical weekly close target on Sept. 10 as analysis warned its multi-week uptrend was in danger. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price lags $1,500 below crucial level Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at around $46,000 Friday after rejecting near $47,450 the day before.
Fantom’s FTM asset has been one of the top trending tokens of the week, and it barely noticed Bitcoin’s (BTC) midweek swoon that halted many altcoin rallies. Despite Bitcoin’s price dropping below $43,000, FTM has added 114% in U.S. dollar terms and 127% in its BTC pair over the last seven days. FTM’s monthly stats
A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high. The SOL/USD exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in
The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView
Researchers have attempted to probe North American teens’ perceptions of the stock market, cryptocurrencies and other investments in the high octane GameStop era. The results showed that cryptocurrencies edged ahead of some other asset classes like real estate, with 25% of teens saying they would invest in crypto if given hypothetical funds as compared with
Solana (SOL) bulls have largely ignored its overvaluation risks as the blockchain asset goes after another milestone price level. The SOL/USD exchange rate almost reached $200 on Tuesday as investors continued to treat Solana as a long-term competitor to Ethereum, the world’s leading smart contracts platform. More bullish evidence came on Monday after Sam Bankman-Fried, CEO