Month: January 2022

Bitcoin Bargain? Investors Put Money Into Crypto Funds for Second Straight Week

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Invisible Friends, GooniesNFT, KaraFuru and Troverse

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Nonfungible token (NFT) projects seem to have been diverted from what was once traditional minting to nowrequiring potential buyers to join whitelists to access the pre-sale before the collection goes public.  This means investors keen on obtaining a sharper edge aim to get on as many whitelists as possible to increase their potential return-on-investment when the NFT is eventually sold on the secondary market. CryptoBatz are being minted today on their website for their whitelist holders today for 0.088 ETH ($283.55 USD). Their current floor price on Opensea, 1.99 ETH…

Cardano ADA Just Flipped! (Mark This Crypto Date NOW)

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Ethereum Suffers Worst Month in Nearly 2 Years, SOL Falls Even Harder

Ether (ETH), the native token of the Ethereum blockchain, has suffered its biggest monthly price decline since March 2020, tumbling alongside bitcoin in one of worst-ever starts to a year in cryptocurrency markets. Ether is down 31% in January, while bitcoin (BTC) has fallen 22%. The sell-off also claimed some of the hottest tokens from 2021, in several cases vaporizing half of their market value, or more. Terra’s LUNA has declined 50% in January, while Solana’s SOL has dropped 49% and Avalanche’s AVAX has lost 42%. Bitcoin’s dominance ratio –…

Bitcoin Funding Rates Remain Negative For More Than A Week

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On-chain data shows the Bitcoin funding rates have mostly remained negative for more than a week now. If past trend is anything to go by, this may mean that a bottom could be near. Bitcoin Funding Rates Have Now Remained Mostly Negative For More Than Seven Days As pointed out by an analyst in a CryptoQuant post, the Bitcoin funding rates have been negative in the past week for the most part. The “funding rates” is an indicator that measures the periodic fee Bitcoin futures traders have to pay each…

VanEck launches its first multi-token cryptocurrency fund

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On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds, and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss Exchanges with exposure to Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), Tron, Avalanche (AVAX), and Polygon (MATIC). Gijs Koning, co-head of VanEck Europe, elaborated on why it was important for the firm to facilitate investment in digital currencies:…

Bitcoin Holding Support Above $37K; Resistance at $40K-$45K

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Bitcoin (BTC) is rising toward the top of a week-long trading range as oversold signals remain intact. The cryptocurrency was trading around $38,400 at press time and is up 4% over the past week. Initial resistance is seen at $40,000, which is an old support level that was rejected on Jan. 20. Buyers will need to make a decisive move above $40,000-$45,000 in order to shift the downtrend since November. For now, BTC’s 20% price decline in January could attract short-term buyers. Traders could place additional bids into the Asia…

The Financialization of Fandom

I have a friend who never shuts up about attending a Lana Del Rey show in Seattle back in circa 2007, and rightly so. After I began listening to Lana a few years later, he would constantly remind me that he discovered her before anyone else. Again, rightly so. It’s a shame for my friend that, other than a pat on the back, he can’t really capture value from early artist discovery. Until now. Aziz Alangari is a marketing associate at Wachsman. Let’s say that in 2007, Lana had her…

Arweave up Over 44% in the Last Week, Monero Starts Lower – Market Updates Bitcoin News

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Arweave, which rose by over 44% in the last week, was once again in the green, trading over 10% higher on Monday. This comes as monero slipped in today’s session. Biggest gainers Following a bearish January, crypto markets began to rebound within the last week, with arweave being one of the biggest gainers in that period. To start the week, AR/USD is currently trading 10.32% higher, hitting an intraday peak of $39.81 in the process. This comes as the decentralized storage network rose by 44% in the last 7-days, as…