Trading

Cardano (ADA) Reclaims $0.513 Following Sudden Bullish Move – Price Analysis

Cardano (ADA) Reclaims $0.513 Following Sudden Bullish Move – Price Analysis

Cardano price reflects uptrends. ADA resistance sits at $0.540. Steady support stands at $0.463. Cardano's price outlook reveals an upside trajectory for the altcoin. Though ADA encountered bearish hindrances earlier, the past 24 hours saw bulls pushing to token beyond $0.484 to explore price levels above $0.513. Meanwhile, the green candle continuation reveals ADA has increased within the past 72 hours. Hourly price projections affirm similar trends as ADA/USD explored upside actions within the previous four hours. 1Day Timeframe – 11.82% Gain Pushes ADA Beyond $0.513 Cardano's 1-day chart presents encouraging news for crypto buyers, with ADA prices surging remarkably…
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Bitcoin (BTC) Explores sub-$29K Despite NASDAQ Rally

Bitcoin (BTC) Explores sub-$29K Despite NASDAQ Rally

Bitcoin reversed on Monday as regulatory reforms dented market sentiment. The declines emerged even as NASDAQ 100 recorded a rally. Bitcoin stretched the previous week's 3.30% drop with yesterday's 3.93% drop, ending the day near $29,076. The bearish reaction emerged regardless of NASDAQ 100 gaining 1.59%, with crypto space anxiety amidst possible regulatory landscape shift. BTC indicators display red as the token stayed under50-dayEMA. Bitcoin lost 3.39% yesterday to reverse Sunday's 2.9% increase, ending the day near $29,076. Meanwhile, NASDAQ 100 recovered from its red to end the day in a positive region. BTC dip buyers could not offer support…
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Polygon (MATIC): Bulls Ready to Battle $2.5 ATH Resistance

Polygon (MATIC): Bulls Ready to Battle $2.5 ATH Resistance

The Polygon chart displays steady technical upsurges with new higher lows and highs. The previous 24hrs saw the alt gaining 10% and tried to break past an all-time high resistance level at $2.5. MATIC will witness a massive bullish rally if it reclaims this zone. Vital Technical Points 100-day exponential moving average (EMA) offers reliable dynamic support for MATIC's price. The daily RSI actions struggle to match the bullish price push. Polygon's 24hr trading volume gained 43.1% to $3.05 Billion. Polygon has resonated in a climbing parallel channel formation. The increasing bullish action by the alt has pushed the pattern's…
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Famed Auction House Christie’s Hit 9 Figures In NFT Sales In 2021

Famed Auction House Christie’s Hit 9 Figures In NFT Sales In 2021

Christie's has declared their expected earnings of over $7 billion this year. The figure is the auction house's third-highest yearly total. Notably, $150 million of this revenue came from the sale of NFTs. NFTs were only incorporated this year as a category at Christie's.  Rejuvenation In Auction Business  The revenue stream though was still largely created by traditional art. Christie's also auctioned off the most expensive art this year, a Picasso that sold for over $100 million in the summer. Only Sotheby did better in revenue this year with a $200 million difference. This year's figure takes a jump from…
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First Swiss Digital Asset Custody Creates Token Backed By Gold

First Swiss Digital Asset Custody Creates Token Backed By Gold

SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been an essential commodity in financial markets, citing the commodity’s impressive market cap, which lies in trillions of dollars. Buehler revealed that gold had proven to be a trusted shield against inflation as well as a significant investment to protect capital. The Concept And Potential Benefits Today, the firm launched the digital token, regulated and tied to real gold. The bank disclosed that users could exchange the digital token…
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USDC Incorporated On Avalanche

USDC Incorporated On Avalanche

Financial services and blockchain company, Circle, is creating a version of its stablecoin USDC for the Avalanche blockchain. Incorporating the USDC token is supposed to be done on the Avalanche C-Chain. The token support was announced today and will allow users conduct all types of USDC transactions on the network without interacting with the Ethereum blockchain.  USDC’s Growth And Adoption USDC has a current supply of over $40 billion in tokens. It has grown the most in its category; it also has a pool second only to USDT. Currently, it is the most widely used stablecoin on Avalanche. Over a…
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Purchasing Products With Digital Assets Not Against The Law –  Bank Of Thailand

Purchasing Products With Digital Assets Not Against The Law – Bank Of Thailand

A high-ranking executive of the Bank of Thailand (BOT), Sakkapop Panyanukul, made an effort to define the BOT's position on digital assets. Panyanukul revealed that the primary financial institution in Thailand was presently deliberating on guidelines for the emerging market and is in talks with other financial regulatory bodies in the country on the matter. He revealed that the goal of regulations was minimizing the harm to participants in the emerging ecosystem. Panyanukul disclosed that trade was being carried out in Thailand with cryptocurrencies. He said these transactions did not breach any laws. He, however, warned those engaging in these…
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Decentraland (MANA) Primed for Downswings before a 20% Rebound

Decentraland (MANA) Primed for Downswings before a 20% Rebound

Briefly – Decentraland price seems ready to lose the 70.5% retracement zone at $3.47 as its support, confirming downswings. Meanwhile, retesting the next floor at $3.18 might catalyze an 18% surge towards $3.77 However, breaching the range low at $2.47 will nullify the bullish narrative. Decentraland price has chances to present a buying opportunity before buyers launch a comeback to support a minor upsurge. For now, market players need to watch critical support that has a higher probability of triggering a price reversal. Decentraland Price Plans a Comeback Decentraland's MANA plummeted by 41% from the high of $5.89 to its…
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Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

A major cryptocurrency exchange in Canada, Newton, will be delisting the XRP and USDT tokens while the tokens battle regulatory issues. The firm disclosed this in an article earlier today. The exchange disclosed that the delisting would go through stages. Newton XRP And USDT Delisting Stages The first stage would see the exchange disable transfers for the native Ripple token and Tether. Transfers for XRP and Tether will end on the 20th of December by 11:59 pm Eastern Time. The implication is that users can no longer send any of these tokens to their Newton wallets after the 20th of…
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Massive Dump As Whales Sell Off $400 SHIBA In 24 Hours

Massive Dump As Whales Sell Off $400 SHIBA In 24 Hours

In the last 24 hours, Shiba Inu holders were thrown into a panic as the coin experienced a massive drop in whale holdings. The strong sell-off was a late bearish trend following the general market crash that happened on Sunday. The general bearish trend, which was thought to be recovering, has continued for days. Over the last 24 hours, whales sold off millions of dollars worth of SHIBA tokens. The sell-off means that Shiba Inu is no longer first on the list of coins with the biggest whales. Surprisingly, it only held that position for days; it was just last…
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Time to Look at Performances of Terra, Polygon, Cosmos, and Decred (DCR) in Past 7-days

Time to Look at Performances of Terra, Polygon, Cosmos, and Decred (DCR) in Past 7-days

As of now, the majority of cryptocurrencies have been experiencing a downtrend. However, there are cryptocurrencies such as Terra, Polygon, Cosmos, and Decred are experiencing highs since YTD. For now, it would be logical to look at their performance in the past 7-days. In the overall cryptocurrency market, the top cryptocurrency demonstrating the highest growth in the past 7-days is Terra (LUNA). In the past 7-days, LUNA has grown by 68.37%, followed by a 10.10% growth in the past 24-hours. In the past 7-days, the trading volume achieved by LUNA is $17,447,996,692, and trading volume worth $2,215,853,364 in the past…
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PETH, EFloki, Mars Space X (MPX), and more Top Gainers in Today’s Crypto-Market

PETH, EFloki, Mars Space X (MPX), and more Top Gainers in Today’s Crypto-Market

It is just a common thing in the cryptocurrency industry for different cryptocurrencies to become top gainers and losers. This is where PumpETH (PETH) has emerged as the top gainer in the past 24-hours with a growth rate of 3891.21%. The surge in the past 24-hours has helped it grow all the way up to $0.0000003843 per PETH. Even the trading volume for PETH has grown by 222.83%, reaching all the way up to $947,137. As of now, the overall market valuation for PETH is at $69,790,335. Even the all-time high hit by PETH was on December 2, 2021, which…
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SEBI To Oversee Crypto Regulations In India

SEBI To Oversee Crypto Regulations In India

Available information suggests that the regulation of the cryptocurrency market in India will be overseen by the Securities and Exchange Board of India (SEBI). Investors will not be stopped from engaging the cryptocurrency market, according to sources. A report from the Observer Research Foundation revealed that from a technical standpoint, a blanket ban would be hard to implement. What We Know So Far The Indian government has also decided to stop crypto transactions on the dark web within its country. News television in India disclosed that cryptocurrencies would be seen as assets. The implication is that those invested in cryptocurrency…
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El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador has purchased an additional 150 Bitcoins. The country's Bitcoin stash is now edging closer to 1,300 tokens. The country's reserve in Bitcoin is worth just over $60 million at the moment. The government did this after the biggest downward market trend since it hit its most recent peak, near $69k. The president disclosed the latest purchase as the crypto price dropped to almost $46k, a drop of over 15% in price.  Details Of The Transaction  The government disclosed that they purchased the coin around the $48k price point. The market value will go lower to the $42k price…
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Grimes, Elon Musk’s Ex, Will Accept Dogecoin During a Merch Drop

Grimes, Elon Musk’s Ex, Will Accept Dogecoin During a Merch Drop

Grimes, Elon Musk's ex,  just announced that Dogecoin would be accepted as payment for her next retail release, which will be available soon. Grimes is a Canadian singer-songwriter and musician who, in addition to being active on social networking sites such as Twitter and Facebook, has released a number of studio albums and singles. What To Expect  It is expected that the platform would handle a wide variety of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Bitcoin Cash, as well as a wide range of other digital assets, according to the company. The $5.8 million auction of digital artwork that took…
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Twitter Executive Plans to Step Down as CEO 

Twitter Executive Plans to Step Down as CEO 

Twitter Head Jack Dorsey, is planning to step down from the realm of affairs at the social media giant corporation. Reports reveal that Dorsey will step down as the Chief Executive Officer of Twitter, which he co-founded in 2006. However, it remains unclear if Dorsey is stepping down to focus on his other firm Square. It has been reported that Square is working on its TBD project, which focuses on developing a decentralized BTC exchange called tbDEX.  tbDEX is Developing a Decentralized Financial Service Dorsey first announced in July that Square was building a decentralized, non-custodial exchange that will focus…
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MicroStrategy Purchases Additional 7,002 Bitcoin

MicroStrategy Purchases Additional 7,002 Bitcoin

Investors took advantage of BTC’s dip on Friday to purchase more bitcoins at lower prices. Among them is the current largest bitcoin holding firm, MicroStrategy. The software company has now added 7,002 bitcoins to its holdings. The purchase, which was paid for in cash, cost the company a whopping $414 million. The purchase was made between October and November. As of writing, MicroStrategy now owns 121,044 bitcoins. At the current price, the value of that number is a staggering $7 billion. The company has continued its tradition of purchasing bitcoins every quarter of the year. This recent purchase represents its…
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Bitcoin Adoption: Volatility Makes It Unsuitable, BoE Chief Says

Bitcoin Adoption: Volatility Makes It Unsuitable, BoE Chief Says

Bitcoin leads the other cryptocurrencies in the race to become adopted as a legal tender across the world. The world’s first cryptocurrency has now been legally adopted by South American country, El Salvador, as its legal tender. The nation set history in September by becoming the first nation to adopt Bitcoin. Since then, the crypto community has hoped that other countries will join El Salvador to begin using Bitcoin for official transactions. While that could potentially happen, we are still a long way from that day when every country will officially accept cryptocurrencies for payments. Some of the most important…
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Indian Parliament To Discuss Crypto Regulation Proposal

Indian Parliament To Discuss Crypto Regulation Proposal

The Indian parliamentary session will resume by November 29 and discuss 27 bills, including the "cryptocurrency and regulation of official digital currency bill," which would include details of how the Indian crypto industry will be regulated. Some Details About The Regulatory Proposal The bill includes how India's apex bank (the RBI) will run its national digital currency. The RBI's national digital currency is already in the research phase. It's also in discussion with nations that have already launched their national digital currencies, such as Singapore, to determine how they could leverage blockchain technology for that purpose. But the RBI isn't…
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Massive Sell-off Imminent For XRP?

Massive Sell-off Imminent For XRP?

Whale Alert, in a tweet, has notified the public that an unidentified wallet just moved $100M worth of XRP to cryptocurrency exchange Bithumb. What happened to the coins at this point is yet to be known. There is yet to be a market reaction to the movement. The transaction can negatively affect the value of the cryptocurrency. The daily volume of XRP transactions on Binance is around 167million XRP tokens. The exact amount of XRP transferred is 88 million XRP tokens.  That is about 50% of the volume of XRP traded daily. Such an ample supply can disrupt price action…
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