Category: Cryptocurrency News

The first NFTs in the series will feature exclusive avatars of Marie-José, the Last Queen of Italy, which can be used for interactions in the Metaverse.

The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth.

IOTA, a feeless distributed ledger (DLT) network, today announced the introduction of IOTA staking. Expanding the token utility of IOTA will offer new opportunities to token holders to be rewarded for their participation in the IOTA ecosystem. Shimmer, IOTA’s staging network, will be the first project to use the IOTA network to fairly distribute its…
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submitted by /u/ledonskim754 [link] [comments]

Blood has been shed as Bitcoin dropped below $60,000 once again and hints at more downside. The first crypto by market cap trades at $60,800, as of press time, with a 5% loss in the daily chart. Although it has seemed some recovery, Bitcoin registers a correction of around 12% from its all-time high as an increase in selling pressure caused the entire crypto market to take a dive. Related Reading | Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K The general sentiment in the market has flipped from extreme greed to normal greed levels, according to data from Arcane Research. Despite the correction, traders and operators remain optimistic about potential new highs. This metric could continue to fall as Bitcoin moves at the low of a range between $58,000 to around $70,000 and the market reset. The derivatives sector is likely to be the most affected. As NewsBTC reported, Bitcoin futures contracts across the board got overheated as BTC’s price pushed into uncharted territory. This created a lot of liquidity at the lows and a rise in funding rates. In other words, a lot of traders took over-leveraged long positions expecting more upside, but large investors drove the price below $59,000 to take advantage of the liquidity and fill their orders. Post-crash, funding rates have returned to neutral territory in almost every crypto exchange platform. Along with the market sentiment provided by Arcane Research, and the fact that the price of Bitcoin held at $58,6000, this suggests a potential bottom has formed, at least for the short term. Data provided by CryptoQuant records over $33 million long liquidations in one hour as BTC’s price went below its current levels. The Open Interest (OI) decreased by 2.33% in the past day or about $350 million. Additional data provided by Glassnode indicates that the OI for Bitcoin Futures contracts has reached a 5-month low of $711,951,837 on crypto exchange Bitmex. As seen below, a dropped in OI during September and October was preceded by more BTC appreciation. 📉 #Bitcoin $BTC Futures Open Interest just reached a 5-month low of $711,951,837.33 on #Bitmex Previous 5-month low of $713,112,500 was observed on 24 September 2021 View metric:https://t.co/GyObF5WOjC pic.twitter.com/bsa9S166ZP — glassnode alerts (@glassnodealerts) November 16, 2021 Bloodbath Over, Bitcoin Ready To Moon? However, Bitcoin whales could try to push the price down one more time to leverage the liquidity concentrated around $57,700, according to data from monitor Whalemap. In addition, the apparent indirect correlation between BTC’s price and the U.S. Dollar (DXY Index) could create more hurdles for the bulls. The dollar recently broke above a major resistance zone and stands at a 16-month high. This rally could have been triggered by macro-economic factors, including the start of tapering by the U.S. FED and the increased risk in the Asian markets due to the Evergrande crisis. Related Reading | Bulls Giving Up? Massive Bitcoin Bid Wall Removed, What It Could Mean For BTC The above adds to an already uncertain market. One thing seems true, BTC’s price must hold at $58,000 if it wants to return to price discovery in Q4, 2021.

Twelve venture capital firms and three angel investors have joined in to fund the DeFi protocol.

I'm looking to get a hardware wallet to hold some of my coins (mostly on L2s; matic and avax, and ofc mainnet). Do any of you guys know what the compatibility is for hw wallets and L2s? submitted by /u/carterm702 [link] [comments]

submitted by /u/Spencer_windingtree [link] [comments]

I didn't grow up with money. I've spent most of my life trying to make a little bit extra here and there. First it was for a cool toy or console. Then it shifted more for gifts for the holidays. Now it's for a future. Not sure where you are reading this from, but my…
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