Category: Cryptocurrency News

 BNB’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.  BNB’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  BNB’s price continues to hold $270 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA) The price of Binance Coin (BNB) has been a standout performer in recent weeks rallying from a low of $280 to a high of $390 before facing rejection due to the current market state that has affected most crypto projects. The crypto market has seen some drastic shift in sentiment, with Binance Coin (BNB) and the price of other altcoins battling for survival after the news broke that Binance would not be taking over FTX and the company had gone bankrupt. Previous months saw the price of most altcoins trend higher as many produced gains of over 200%, with many hoping for more recovery bounce. Still, these expectations were cut short by the uncertainty surrounding the crypto market, leading to much fear about where the market is headed. (Data from Binance) Related Reading: Dogecoin Holds Above 0.08; Here Is Why This Is Good For DOGE Army Binance Coin (BNB) Price Analysis On The Weekly Chart The crypto space has seen a lot of turbulence in the last few days, with many altcoins struggling to show strength after losing key support that was holding off price declines. The current market uncertainty has caused traders and investors to be hesitant to purchase altcoins, as there is no guarantee that they will rise in value any time soon. The news of other exchanges being in the mix of the FTX saga has raised more fears as many investors and traders shy away from investing in some projects, including the price of BNB suffering some major prices as it lost its support of $300. BNB’s price declined to a weekly low of $260 before bouncing off this region, showing some great strength to a region of $275 as the price aims to break higher. The price of BNB needs to flip the region of $300 for BNB price to trend higher and regain its bullish structure.  Weekly resistance for the price of BNB – $300. Weekly support for the price of BNB – $200. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB remains considerably strong in the daily timeframe as the price trades above $270 support after bouncing off from the region of $260. If the price of BNB breaks above $300, we could see more rallies for BNB price; a break below a region of $270-260 would lead to more sell-offs for BNB with a possibility of price trending to a region of $200.   Daily resistance for the BNB price – $300. Daily support for the BNB price – $270-$260. Related Reading: FBI Plans To Extradite FTX Bankman-Fried From Bahamas As Contagion Spills To Genesis? Featured Image From zipmex, Charts From Tradingview

“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

Data shows the Bitcoin 7-day volatility has come alive during the last week as the collapse of crypto exchange FTX has shaken up the market. Bitcoin 7-Day Volatility Has Spiked To Values Above 7% According to the latest weekly report from Arcane Research, the current 7-day volatility levels are the second highest seen in this year. The “volatility” is an indicator that keeps track of the average daily returns in the price of Bitcoin over a specific period of time. While this timespan can be of any length, the “7-day” and “30-day” versions of the metric are the most natural. A notable feature of the volatility indicator is that it only measures returns using the closing prices on each day. This implies that any intraday market movements aren’t accounted for by the metric, so as long as the price returns to the norm by the end of the day. Related Reading: This Indicator Hints US Investors Sold Bitcoin Harder Than Others During Crash When the volatility has a high value, it means the price of the crypto has fluctuated a lot recently. On the other hand, low values suggest the BTC market has been displaying stale activity. Now, here is a chart that shows the trend in the Bitcoin 7-day and 30-day volatilities over the past year: Looks like the values of the metrics have spiked up in recent days | Source: Arcane Research’s Ahead of the Curve – November 15 As you can see in the above graph, both the 7-day and 30-day versions of the Bitcoin volatility have observed a sharp increase recently. Before this rise, the indicator had very low values for a month or so, with the 7-day version especially reaching historical lows of 1%. Related Reading: Glassnode Suggests Bitcoin Long-Term Holder Conviction Not Lost Yet The collapse of FTX and the resulting market crash is behind the crypto’s sudden turn to volatile nature during the last week. The 7-day volatility has surged above the 7% mark, reaching levels only behind the yearly high of June, when 3AC went bankrupt. Historically, Bitcoin has become calmer following big spikes in the volatility like the one being observed right now. However, the report notes that the current market environment is filled with contagion-related uncertainty and abnormal positioning in derivatives, so the market will likely continue to be volatile in the coming days. BTC Price At the time of writing, Bitcoin’s price floats around $16.7k, down 5% in the last week. Over the past month, the crypto has lost 12% in value. The below chart shows the trend in BTC’s price over the last five days. The value of the crypto seems to still be consolidating around $16.7k | Source: BTCUSD on TradingView Featured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Arcane Research

Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational. DCG-Owned Genesis Halts Lending Unit’s Redemptions and New Loans On Nov. 16, 2022, Coindesk reporter Nelson […]

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So I know what you're thinking, why would I invest in FTTclassic if FTT collapsed the entire crypto market and set us back years? The answer is that this amazing new coin launched by Sam himself has real world utility this time. FTTclassic is a Governance token that can also be used as a currency…
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Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime.

Shiba Inu (SHIB), the dog-themed crypto that once dreamed of flipping Dogecoin, is not in solid footing these days as it continues to fail in finding the right rhythm to bounce back and push its price to higher levels. According to latest data from Coingecko, at the time of this writing, the meme altcoin is trading at $0.00000931. Although it managed to climb by 1.5% over the last 24 hours, the asset is still down by 8.5% during the past seven days and by 27.7% over the last two weeks. Shiba Inu lost almost 28% of its value over the last week Within the next five days, SHIB is expected to trade at $0.00000902 SHIB EMA suggests it will once again be caught in a bearish momentum By virtue of its $5.48 billion overall valuation, SHIB managed to climb one step up the ladder, claiming the 13th place in Coingecko ranking of cryptocurrencies according to market capitalization. This, however, did not happen because Shiba Inu was in a decisive bullish rally, but because the broader crypto market continues to struggle following the collapse of one of the world’s largest and leading exchange platforms, FTX. 🐳 The top 5000 #ETH whales are hodling $75,289,824 $SHIB $58,694,355 $MKR $50,253,460 $UNI $43,593,452 $LOCUS $39,330,252 $BIT $33,105,058 $BEST $31,725,680 $LINK $29,067,831 $CHZ Whale leaderboard 👇https://t.co/kOhHps8XBB pic.twitter.com/ENrYvc3bUt — WhaleStats (tracking crypto whales) (@WhaleStats) November 15, 2022 ETH Whales Continue To Hold SHIB In High Regard? According to data shared by crypto whale tracker WhaleStats on Twitter, SHIB was the top altcoin being held by the top 5,000 Ethereum whales. Collectively and currently, these major investors are in possession of $75,289,824 worth of Shiba Inu tokens. MakerDAO (MKR) was second on the list, accounting a total value of almost $58.7 million. Uniswap (UNI) also made the list, occupying the third slot as the ETH whales are hodling $50.25 million worth of the digital asset. Rounding up the top five are Locus Chain (LOCUS) ($43.59 million) and BitDAO (BIT) ($39.33 million). Meanwhile, also included in the list of top altcoins being held by the top 5,000 Ethereum whales are Bitpanda Ecosystem (BEST) ($33.10 million), Chainlink (LINK) ($31.72 million) and Chiliz (CHZ) ($29.06 million). If it’s any indication, this data proves that these seasoned investors known in crypto space as “whales” have not lost their faith in Shiba Inu, accumulating large quantity of it and holding onto it until the time comes when they can make considerable profit from it. Shiba Inu Headed Towards Another Decline Considering its current situation, SHIB may not be in a good position to reward these Ethereum whales anytime soon. According to the asset’s 20-day Exponential Moving Average (EMA) that has settled below its 50-day EMA, it is most likely that Shiba Inu will once again experience price dump over the next few days. Related Reading: Solana Loses 60% Of Its Value After FTX Collapse – Can SOL Bounce Back This Week? Source: TradingView This sentiment is re-echoed by the forecasts of Coincodex which suggest that within the next five days, the altcoin will trade at $0.00000902 while a month from now, a sharper price decline will be experienced by the asset which will pull it all the way down to $0.00000639. A consolation, at the very least, for the meme crypto, is that its 200-day EMA suggest that on a long-term, there will be relief as bears are not seen to be in control all year long. Related Reading: Avalanche Looks To Capitalize On GameFi Segment – Will This Give AVAX Some Boost? SHIB total market cap at $4.96 billion on the daily chart | Featured image from Watcher Guru, Chart: TradingView.com

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Please hear me out. Over the past few days I have really struggled to find Goerli Eth that I can use for testing purposes. The best I can do is use the 0.2/day Alchemy Faucet. I have also tried using the pk910 faucet but this has an even lower yield. This has immensely pissed me…
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