Price analysis 8/16: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin bulls are holding on to the $55,500 support, but an increase in futures open interest and a death cross on the BTC chart have traders worried that further downside is in store.
Related Posts
Solana wallets ‘compromised and abandoned’ as users warned of scam solutions
Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen. 819 Total views 6 Total shares The cryptocurrency ecosystem has been rocked by a widespread exploit targeting Solana wallets that have been ongoing…
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
Another Japanese lawmaker has publicly called for the swift development of the digital yen.The head of the banking and finance systems research commission at Japan's Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years.Reuters reported on Feb. 10 that Yamamoto said that plans for…
Crypto.com latest to bank on DeFi hype with Uniswap-based exchange
Crypto.com, a conglomerate dealing primarily with payments and the exchange of crypto assets, announced its foray into decentralized finance with a platform named DeFi Swap.According to its whitepaper, published on Friday, DeFi Swap is a fork of the popular Uniswap decentralized exchange. The differences, beyond slight aesthetic changes, appear to consist in the choice of tokens,…
MicroStrategy sees up to 52% revenue surge as Saylor confirms more Bitcoin buys ahead
MicroStrategy, the company which owns over 91,000 Bitcoin (BTC), saw an astounding surge in revenues in Q1, its latest figures confirm.In a press release on April 30, CEO Michael Saylor revealed that the company's success had gone far beyond its Bitcoin profits.Saylor: Hodling BTC creates "substantial value"MicroStrategy has continued to hit the headlines for its…
Miners send millions to exchanges — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the first week of July with a sigh of relief for traders as $30,000 support holds. BTC price action refuses to succumb to bears after 20% gains in Q2, with weekly and monthly timeframes looking strong. What’s next?A quiet week is expected on TradFi markets, with Wall Street gearing up for the Independence…
Making a crypto fortune is easy, but here are 5 rules to follow to keep it
Investing in any financial asset can be a tricky exercise, but this is especially true for the fast-paced cryptocurrency market, which comes with its own unique set of pitfalls and challenges. A popular saying dictates that it takes 10,000 hours to master a skill and become an expert. In cryptoland time, this is measured in market…
Only a paper moon: Bitcoin price briefly shows $870B on CoinMarketCap
A mysterious glitch caused popular coins to show astronomical gains on CoinMarketCap, Coinbase, among others. 282 Total views 9 Total shares Crypto traders experienced a moment of gush, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies.CoinMarketCap and several other price…
‘No loss’ lottery protocol PoolTogether among most utilized protocols in DeFi: Messari
Since launching its V3 iteration in October, PoolTogether has paid out more than $750,000 in risk-free lottery returns. 1609 Total views 15 Total shares Data published by crypto analytics provider Messari indicates that PoolTogether’s V3 no-risk lottery platform has amassed more than 6,000 users since launching in October.Messari asserts that PoolTogether’s user base ranks it…