Author: dfmines

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Axie Infinity trading volume seen to have capsized by over 2% in the past few days. Price drops 4.7% in the past 24 hours AXS value set to jump in price when full version of Axie Infinity game rolls out in 2023 Price down 0.87% or trading at $16.97 as of press time AXS price has fallen 4.7% in the last 24 hours or is trading at $17.25. This gives traders an idea of how the week’s AXS price trend will go. It continued to hover in the negative area or red zone since the past week wherein it registered a detrimental loss of 7%. Related Reading: Avalanche Grinds To A Halt As AVAX Breaks 2-Month Uptrend Axie Infinity Trading Volume Down By 2% On the daily chart, Axie Infinity’s trading volume is seen to have capsized by over 2% in the past few days. On the other hand, AXS circulation has jumped by 0.6%. The total circulating supply is now capped at 89.83 million. To date, Axie Infinity ranks as the 44th largest crypto in terms of market cap at $1.54 billion. According to CoinMarketCap, AXS’s price is down by 0.87% or trading at $16.97 as of press time. Axie Infinity is an exciting play-to-earn blockchain gaming platform that has enabled multiple game modes used to collect, train, and battle Axies. Additionally, players can explore other opportunities to earn by joining weekly tournaments and contests on the platform. Axie Infinity players use AXS to trade, buy, and sell game characters called Axies. Despite the bearish trend, analysts are optimistic that AXS price will increase once Axie Infinity launches its full version at the end of the year. As Ethereum backs the platform, this makes a lucrative investment despite the bearish market. Axie Transitioning To Origin Phase 3 In other news, Axie Infinity will be making a transition to Origin Phase 3 with a milestone moment for the reveal as the next phase boasts of epic gameplay and updates. The new game mode makes the transmission from Classic to Origin. An update on August 11 revealed that Axie Infinity is trying to enhance its rewards structure and scraping off SLP from its basic gameplay. Axie has made over $4.24 billion in total sales to date. Associates of Axie have recently acquired a large pie of ownership of the Fire-Tier versions of Trilogy or the 2021 BIG3 defending champions. This recent acquisition in April 2022 is one pivotal part of the BIG3 FEAT new ownership model. Snoop Dogg, Gary Vaynerchuk, DeGods, VeeFriends, MyDoge/DogeCoin, Bill Lee, Ken Howery, and Krause House are some popular owners of the BIG3 FEAT. Related Reading: Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level AXS total market cap at $1.4 billion on the daily chart | Source: TradingView.com Featured image from Bitcoin.com, Chart from TradingView.com

Now that MOONS are pumping I've decided to make a short step by step tutorial on how to import your tokens into metamask using Arbitrum Nova and how to trade them on Sushi Swap. ARBITRUM is a layer 2 solution for Ethereum with much lower fees than ETH mainnet! You need to download metamask extension…
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BTC’s $335 million options expiry has become a death trap for bulls, and increased legal action by the SEC and IRS against crypto companies is adding to the sell pressure.

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Will you be able to unstake your ethereum and sell immediately after the merge? How long will it take to be able to sell? submitted by /u/jmargo7 [link] [comments]

Bitcoin’s trajectory in the recent recovery showed a clear intent from bulls to target the $28,000. While it hit some important milestones in its big to reach this level, it has been unsuccessful in reclaiming it. The tug-of-war between the bears and the bulls continues as the fight for control wages on. Given this, there is now a critical technical level that the price of bitcoin must clear before it is able to continue on its campaign to reach $28,000. Capitulate And Breakout Bitcoin has held considerably better than what was predicted for the digital asset a couple of weeks ago. Going by the previous bear markets, it was expected that the price would quickly reverse following a small recovery. But instead, bitcoin has been able to grow as high as $25,000 in this time, although it was unable to hold this level. This shows the resilience of bitcoin even when the market looks unfavorable. Related Reading: Bitcoin And Ethereum Retrace Before Crypto Sentiment Could Reach “Greed” However, the bitcoin price has been unable to reach an essential point that bulls were trying to get it to, which is the $28,000 level. Instead, it had encountered resistance at $25,000 and had been pushed back down towards the $23,000. What bitcoin needs at this point is to break the May capitulation levels of $25,000. This spot had held up quite well during the fall from $30,000, and bears have now made this a point of resistance for the digital asset going forward.  If bitcoin’s price is able to break through the resistance at $25,000, it will have broken the nearest significant resistance for bears, and little resistance remains to keep it from reclaiming the $27,000 to $28,000 levels. Bitcoin Refuses To Budge Bitcoin price has been recording higher lows through the recovery, and that has not changed with the recent retracement. The price decline had stopped right above $23,000, decidedly higher than its previous low of $22,250. This proves the mounting support that has been witnessed at $23,000. These higher lows consistently put the digital asset stopping above its 50-day moving average. This essential technical level is one that determines if the price of bitcoin is finally moving out of its bullish trend. And given the recent movements, it is safe to assume that the digital asset still has some steam left in it. Related Reading: Flippening Forewarning? Ether Options Overtake Bitcoin As The Top Crypto To Trade It is also worthy to note that most of the gains have come from the expectations surrounding the Ethereum Merge. Since it is the biggest upgrade in recent crypto history, the excitement has done well enough to push market prices higher. The Merge is still about a month away, going by what the Ethereum developers have said. September 19th is the expected date for the Merge, so the days leading up to it are expected to be more bullish. This means that the crypto market has about a month of bullish movements left to go, making it more likely that bitcoin will retest $25,000. Featured image from FortuneBuilders, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

As the bear hug gets tighter, the price of Bitcoin may drop below $21,000. Recent price movements saw a high of $25,135 and a low of $23,243. The short-term aim for the declining price trend is a drop to $21,000–$20,000. Bitcoin Bulls Loses Steam On August 18, Bitcoin, the leading digital asset, is battling to hold over $23,500 as it tries to maintain an upward trend that has been growing for the past two months. The bulls’ dominance is clearly dwindling on the daily bar chart, and they will soon need to show greater tenacity to continue a price climb. bitcoinBTC/USD trades at $23k. Source: TradingView In just one week, the Crypto Market Fear and Greed Index dropped from 47 to 30, and in just one day, it went from 41 to 30. This week’s additional selling pressure could either reverse the upward price trend or put it in an even more vulnerable situation. Related Reading: Bitcoin Bearish Signal: Whales With 1k-10k BTC Depositing To Exchanges Additionally, the MVRV 7-day Detrend Oscillator has developed a negative divergence pattern in response to the recent Bitcoin price trend. It implies that the price of BTC can drop below $21,000. By removing long-term price noise, applying a detrend filter to the price trends makes it easier to spot market bottoms and peaks. Bitcoin (BTC) MVRV 7D Detrend Filter. Source: CryptoQuant Long-term Bitcoin prices have been falling, particularly since November. However, over the past month, the price has increased. The daily timeframe declining channel shows that the BTC price was poised to break above the channel but fails to do so due to the $25,000 psychological resistance level. According to the crypto trading analyst, Michaël van de Poppe, Bitcoin’s ‘trend remains upward on higher timeframes.’ Poppe stated: “Crucial to break $23.7K back. If a move to $24K occurs, a flip of $23.7K is trigger for longs. The trend remains upwards on higher timeframes. Still expecting $28-30K in the next weeks.” Bitcoin price target. Source: Michaël van de Poppe According to TradingView data, Bitcoin currently has a market value of $449 billion, up 0.10% in the last 24 hours but down 5.03% in the previous week. Mining Difficulty Surge Amid Downtrend The most recent network change resulted in a 0.63% increase in the difficulty of mining bitcoins. Source: The Block Crypto Data. A change was made, and BTC.com updated its website on Thursday to reflect it. The Block Research’s data shows that the network’s hash rate has increased by roughly 1.5% since the last update on August 4. Since May’s cryptocurrency market collapse, Bitcoin’s difficulty has largely decreased. The most recent modest uptick comes after an increase of 1.74 percent on August 4. Related Reading: TA- Bitcoin (BTC) Unable To Hold Above $24,000 Ahead Of Bearish Signs Featured image from Pixabay, Chart from TradingView.com, Cryptoquant, and The Block