Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000. Bitcoin Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest […]
The cryptocurrency market is stagnant. Investors are cautious and hesitant to make investments. Some initiatives, however, thrive even in such circumstances: Mars4, a play-to-earn project, has seen an upsurge in NFT sales. Mars4 is growing thanks to scheduled releases (such as a game demo) and some help from Japanese KOLs. Mars4, a metaverse game, has […]
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As traders buckle down for the weekend, Bitcoin prices ushered in Friday’s session rather sluggishly. During European trading hours, Bitcoin stayed slightly around $30,000, displaying signs of weakening ahead of the U.S. consumer price index (CPI) release. The price of Bitcoin decreased on Friday after U.S. CPI data revealed that inflation was not abating. Suggested Reading | Ethereum Prices Down For 4th Straight Session As ETH Trades Below $1,800 Bitcoin Drops 1.6% Minutes After CPI Report In contrast to forecasts, the U.S. CPI increased last month, as indicated by the data. BTC fell by 1.6% in the minutes following the release. BTC prices continue to trade below this week’s resistance level of $30,500 and have inched closer to the $29,500 support level. BTC traders have experienced a consolidation between $32,000 and $28,650 after the selloff in May pushed the BTC/USDT pair to a low of $26,350. As a result, the BTC price has oscillated within a range for about a month, signaling market participants’ uncertainty. CPI Climbs 8.6% YOY Last Month According to the U.S. Department of Labor, the CPI, the most commonly followed measure of inflation, rose 8.6 percent year over year in May, up from 8.3 percent in April. The market anticipated a reading of 8 percent. Source: New York Post U.S. inflationary pressures have driven the Federal Reserve to boost interest rates more rapidly, suggesting additional losses for riskier assets. In spite of negative macroeconomic market sentiment and systemic threats in the broader cryptocurrency market, Bitcoin has traded inside a narrow band of $28,000 to $31,000 over the previous 30 days. In addition to rising interest rates, inflation, and the economic uncertainty that has plagued the entire financial system as a result of Russia’s unprovoked invasion of Ukraine, rising interest rates and inflation are also among the primary factors that have contributed to the negative market sentiment. BTC total market cap at $556 billion on the weekend chart | Source: TradingView.com BTC Sheds Nearly 65% From ATH The world’s most sought-after crypto is down almost 65 percent from its all-time high, which was reached in the fourth quarter of 2017. Despite recent losses, Bitcoin values are about 1 percent higher than they were a week ago, when they were trading for less than $29,000. Meanwhile, Saturday’s Coingecko graphic depicts BTC trading at $29,271.63, down 1.5 percent in the last seven days. Suggested Reading | Dogecoin Market Cap Shed $6-B Last Month – Will Bearish Pressure Continue The Pulldown? Featured image from Currency.com, chart from TradingView.com
Avatars in the Metaverse are slowly becoming queer-friendly as adoption grows and more projects cater to people with gender dysphoria.
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in Nigeria has convicted a […]
Someone know what happen with ETH today ? Why so much loss compare to BTC or other cryptos ? submitted by /u/korospirit [link] [comments]
The person who stole 20 million units of the optimism (OP) token broke his silence. Hours ago, he sent a transaction to Ethereum co-creator Vitalik Buterin, along with a message in which he assures that he will return much of what he stole. "Hi Vitalik, I believe in you, I just want to know your…
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Link to original article: https://www.marketwatch.com/story/after-petition-for-leadership-changes-coinbase-ceo-tells-workers-to-quit-if-they-dont-believe-in-top-execs-11654898961?siteid=yhoof2 Brian Armstrong (CEO Coinbase) put a portion of his employees on blast in a 16 segment tweet storm yesterday afternoon. There was an anonymous petition posted to a decentralized publishing platform mirror.xyz which called for the removal of COO Emilie Choi; Chief Product Officer, Surojit Chatterjee and Chief People Officer…
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Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate.
