Fundamental Development:-
Shiba Inu (SHIB) Falls by 7% as Bitcoin Drops Back Below $22KShiba Inu’s (SHIB) price has fallen by more than 7% over the last 24 hours as Bitcoin (BTC) has once again dropped below $22K.Other altcoins like Ethereum (ETH) and Cardano (ADA) are also feeling the heat as they both fell by almost 5% over the last day, according to...
Fundamental Development:-
Bitcoin, Ethereum, and Ripple: Bulls and Bears Battle for Control
Ahead of the US Federal Reserve’s FOMC meeting, Bitcoin, Ethereum, and Ripple prices brace for impact. Bitcoin witnessed an increase in sell-side activity and a retracement in its price after a week of gains. Bitcoin’s price is at a make-or-break point — a decisive move...
Fundamental Development:-
Is Bitcoin Heading Towards $25,000?
The unusual rebound of Bitcoin (BTC) over 30% from its June lows makes analysts think that the bear market that has hit the cryptocurrency in recent months could be ending soon.The signs of a further approach towards $25,000 is due to the fact that BTC prices have hit the so-called upper Bollinger...
Fundamental Development:-
Bitcoin (BTC) Recovers, But For How Long?
Bitcoin (BTC) regained its price level not seen since the middle of June. The dominant crypto climbed to $24,195 on Wednesday, marking over 5% growth during the past 24 hours and a 20% increase over the past 7 days in total.Various indicators show optimistic crypto market recovery signs, but...
Fundamental Development:-
Crypto newcomers who bought into the leading cryptocurrency by market cap, Bitcoin (BTC), are mainly underwater According to the CEO of Crypto Quant, Ki Young Ju, BTC newcomers that joined in early 2021 are still underwater. He added that they make up 75% of the total realized market cap. The crypto market tracker website,...
Fundamental Development:-
Marathon inks new arrangements to achieve 2023 hash rate target
Bitcoin miner Marathon Digital Holdings has secured a deal that it says provides electricity to generate enough power to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.Marathon revealed in a July 18 announcement that data center operator Applied...
Fundamental Development:-
Capitulation ongoing but markets not at the bottom yet: Glassnode
Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that...
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Crypto community eyeing three macro events to tip crypto scales in July
The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data relating to...
Fundamental Development:-
Jacobi Asset Management to launch Europe's first Bitcoin ETF on Euro next
Jacobi Asset Management said on Thursday that it would launch Europe's first Bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the crypto currency’s appeal despite its volatile price swings. The company said its Jacobi Bitcoin ETF would...
Fundamental Development:-
Crypto conspiracy theories abound, but prop traders are just doing their job
Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bank man-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street...
Fundamental Development:-
China warns Bitcoin is heading to zero but BoE looks on the bright side
The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had...
Fundamental Development:-
Central Bank of Jamaica Warns About Bitcoin and Defends Its CBDC
crypto winter that has evaporated most of the value of cryptocurrencies, central banks and governments from almost all over the world that have CBDCs or work on the development of state digital currency projects, are warning about the risks of using and investing in...
Fundamental Development:-
After starting a recovery wave above the USD 20,000 resistance zone, Bitcoin is facing a key hurdle near USD 20,500 and USD 21,200. It is currently consolidating above USD 20,500 and is up almost 3% in a day and down 9% in a week. Similarly, most major altcoins are stuck near key hurdles. ETH is struggling to clear USD 1,140 and USD...
Fundamental Development:- Ethereum was trading at $1,103.78 on the Investing.com Index on Wednesday, down 10.10% on the day. It was the largest one-day percentage loss since June 13.The move downwards pushed Ethereum's market cap down to $137.03B, or 15.20% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B. Ethereum had...
Fundamental Development:- Bitcoin fell as much as 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" market conditions, in the latest sign of the financial market downturn hitting the cryptosphere. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below...
Fundamental Development:- Whether BTC turns the $30,000 to $31,000 level into support depends to some degree on how global markets perform.The last time U.S. stock markets faced a seven-week consecutive downtrend was over a decade ago. New home sales in the U.S. declined for the fourth straight month, which is also the longest streak since October 2010.China saw a...
Fundamental Development:- If you assumed crypto was just a young person's game, think again. More people in the United States than ever before are turning to cryptocurrencies to help fund their retirement, it seems, even as the recent market carnage provides a stark reminder that this wild market is not for the faint-hearted. Some 27% of Americans aged 18-60 -...
