Category: Cryptocurrency News

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With the recent trend in the crypto market, the world-leading digital asset seems to be getting attention. From the general price fall for all crypto tokens, Bitcoin is one of the assets that has seen a drastic cut in its value. BTC has plunged by over half of its value as of November 2021. As a result, many participants in the industry have shown considerable concern and focus on the trend of BTC. Such attention to Bitcoin had invariably pushed the token to have a spike in its social dominance metric. Data from Santiment revealed a rise in the yearly high for the BTC Social Dominance metric. The firm noted an increase in people’s interests and discussions concerning the most significant global crypto asset by market cap. It maintained that since June 2021, the Bitcoin vs. other crypto discussion ratio has skyrocketed on social media. Suggested Reading | Ethereum (ETH) Continues To Lose Luster, Drops Below $1,100 Support The rise is mainly linked to the drastic price dip as BTC recently hovers around the $20K level. This spike in social dominance is recorded historically as a positive indication for BTC and the broader crypto market. Also, the crypto bulls would benefit immensely from the rising trend. Altcoins Have Different Sentiments Most of the altcoins have different stories to tell. However, for Dogecoin and Shiba Inu, there are progressive strengths seen in their prices. This robust stance is due to the backing the tokens enjoy through increased whales’ transactions and new developmental additions. But there is no significant price flows for some tokens like Ethereum, Cardano, Ripple, and Solana. Such dormancy has a solid link to the issues of insolvency and bankruptcy filing by some firms like Voyager Digital and Three Arrows Capital. With the date for the U.S. CPI at hand, different folks have diverse opinions on the potential flow of cryptocurrency. Bitcoin and Ethereum record an increase in their discussion rates as reports expect price drops beyond support levels. A survey by MLIV Pulse indicated only 40% of Wall Streets investors believe BTC’s price hitting the $30K level. The remaining 60% anticipate a drop up to $10,000 per BTC token. Bitcoin Price And Sentiment Report Through the little spike in sentiments, cryptocurrency prices significantly improved last week. As of July 8, Bitcoin prices hover through the $22,000 region. The volatility of crypto tokens is getting pronounced as the CPI date is quite close. Suggested Reading | Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80? The current prices for BTC and ETH are respectively above $19,000 and $1,068. They indicate a significant drop on the daily chart. July 13 is the scheduled date for the U.S. June CPI data. The press secretary, Karine Jean-Pierre, anticipates increased inflation data since there was a rise in food prices and gasoline. But July’s experience of a drop in energy costs signifies a positive shift for the coming months. Featured image from Pexels, chart from TradingView.com

A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge Freezes 3AC’s Assets Judge Martin […]

Nansen’s NFT analysis draws into focus the numbers behind the market’s first bearish cycle.

This is essentially an asset allocation question, NOT a how much do you have question. I’m curious what percentage of everyone’s savings, investments, etc. are in crypto? Not including a home here if you own one. For example, My wife and I (I handle the investments) are currently: Cash: 26.8% Stocks & Bonds: 71.85% (all…
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Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are […]

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New inflation numbers coming out today and the markets are already panicking, reports are coming out about June inflation rates hitting 9.1%. Today will be a Red day which might not be good for Crypto but if you were waiting for the right time to buy this might be it.* I know some of you…
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The digital gold, aka Bitcoin, has been marked “dead” at least 458 times since 2009. However, BTC proved to be more than alive each and every time.