Day: January 24, 2022

Analysts say Bitcoin’s bounce at $36K means ‘it’s time to start thinking about a bottom’

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Bears remain in full control of the cryptocurrency market on Jan. 24 and to the shock of many, they managed to pound the price of Bitcoin (BTC) to a multi-month low at $32,967 during early trading hours. This downside move filled a CME futures gap that was left over from July 2021. Data from Cointelegraph Markets Pro and TradingView shows that the $36,000 level was overwhelmed in the early trading hours on Monday, leading to a sell-off that dipped below $33,000 before dip buyers arrived to bid the price back above…

Polymarket Relaunches Site After CFTC Shutdown, but Not for US Traders

Decentralized predictions platform Polymarket is back online just three weeks after being fined and ordered to shutter its markets by regulators. However, U.S. residents will not be able to trade on the site, the company said in an email Monday. U.S. residents will be able only to view information on markets. Polymarket said it will block trades from U.S.-based users as it continues “working through the regulation process and focusing on the future of the company.” Earlier this month, Polymarket launched a market called Airdrop Futures that allows speculators to…

$75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects

Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market.  Blockchain Founders Fund II, also known as BFF II, has raised $75 million from various investors across the blockchain and crypto industry, including NEO Global Capital, Appworks, Baksh Capital, Octava and The Sandbox chief operating officer Sebastien Borget. BFF II has already deployed capital across 11 projects, including a layer-two…

Crypto Sell-Off Wipes $700B From Industry Market Cap So Far in 2022

Cryptocurrencies are deep in the red this year after industry market capitalization plummeted to $1.6 trillion as of Monday from $2.3 trillion at the start of 2022, a decline of about 30% in just over three weeks. According to data from CoinGecko, nearly $700 billion of value has been erased when the market correction sent bitcoin (BTC) down 28% for the year to date and ether (ETH) fell 40%. The new figures imply cryptocurrency market capitalization has roughly halved since its all-time high around $3.1 trillion in November. “Crypto winter”…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 15/01/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== New’s Covered in the Video -70% of US crypto holders started investing in 2021: Report- -Shiba Inu’s Biggest Holding Among Whales Title Surprisingly Taken Away by FTT Token.…

Singapore VC Blockchain Founders Raises $75M for New Fund

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Bitcoin Short-Term Bounce Faces Resistance at $40K

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Bitcoin (BTC) returned above $35,000 after multiple oversold signals appeared on the charts. The cryptocurrency faces initial resistance at $40,000, which could limit upside over the short term. Bitcoin is up 3% over the past 24 hours after rising from an intraday low near $33,000, while the broader crypto market has stabilized. The relative strength index (RSI) on the daily chart registered the most extreme oversold reading since the March 2020 crash. The previous extreme low was on Nov. 20, 2018, which preceded a few months of rangebound price action…

JPEGs On Sale, Baby

The global crypto market lost over $1 trillion in value last week as the price of nearly every major token took a precipitous nosedive. ETH, the native asset of the Ethereum network, is down to around $2,200 for the first time since July. Bitcoin hit a similar six-month low in the $33,000 range. Altcoins SOL, DOT and AVAX are all down around 40% just in the last seven days. This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You…

Gucci Taps Toy Brand Superplastic to Drop 10 ‘SuperGucci’ NFTs in February

CryptoX – Cryptocurrency Analysis and News Portal Superplastic is a company that makes artistic vinyl toys for the collectibles market and has issued NFTs through the Winklevoss-owned Nifty Gateway. Superplastic was launched in 2018 by Kidrobot founder Paul Budnitz and has sold millions of dollars in designer toys and apparel based on characters Janky & Guggimon, Dayzee & Staxx, Kranky, ShüDog. Original Source The post Gucci Taps Toy Brand Superplastic to Drop 10 ‘SuperGucci’ NFTs in February appeared first on CryptoX. CryptoX Portal