Day: March 28, 2022

Bitcoin Crypto Market will recover soon. End of Bear Market?

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Short Traders Get the Short End Of The Stick As Bitcoin Breaks $47,000

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Bitcoin price has shattered $47,000 and has left in its wake the bloodbath that is short liquidations. These short traders that obviously expected the previous market trend of low momentum to continue have now incurred hundreds of millions of dollars in losses in the crypto market, and in a very short time too. The bloodbath has not eased up either since bitcoin is still firm in its recovery trend. Bitcoin Traders Get Rekt Bitcoin had been on a slow but steady recovery trend over the past week. However, the weekend…

Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0

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“Stargate Finance” has been trending on Twitter for the past week and while it’s too early to call for a full-blown DeFi bull market, traders have been shoveling funds into the project, which claims to be a “composable omni-chain native asset bridge.” Data from Cointelegraph Markets Pro and TradingView shows STG was listed on exchanges on March 17 and its price has climbed 438% from a low of $0.665 to a high of $3.58 on March 25. STG/USDC 1-hour chart. Source: TradingView Here’s a look at some of the developments…

SOL Moves Past LUNA, as EOS and FIL Lead Monday’s Gainers – Market Updates Bitcoin News

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Solana reclaimed the eighth position in the crypto top ten, as ADA and DOT were both over 10% higher to start the week. Despite this, it was EOS and FIL which led today’s gainer, with FIL gaining over 30% in the session. Filecoin (FIL) FIL rallied by as much as 30% to start the week, as cryptocurrencies rose across the board during Monday’s session. The global crypto market cap was 6.5% higher on Monday, led by gains in FIL, which rose to an intraday high of $25.62. Today’s peak follows…

Wombat Exchange Raises $5.25 Million in Series A Funding Led by Animoca Brands and Hailstone Ventures

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March 28, 2022 – Hong Kong, Hong Kong Wombat Exchange, a hyper-efficient multichain stableswap backed by Binance, has successfully closed a $5.25 million Series A funding round led by Animoca Brands and Hailstone Ventures. Additional investors in the round included BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital and CryptoWesearch. With this latest round of funding, Wombat’s valuation has increased to $70 million since its seed round investment led by Binance Labs in November 2021. Capital from this round will accelerate Wombat’s product development and…

50-Year Veteran Trader Compares Bitcoin Bottoms

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Whether it is Bitcoin or another asset, bottoms can be hard to spot until much later in hindsight. That is unless you are Peter Brandt, career commodities trader with nearly 50 years of market experience. In a new comparison, Brandt compares the crypto bear market bottom he predicted a year in advance, with the current pattern that recently pushed Bitcoin beyond $45,000. Here is the full comparison along with why it might be worth listening to Brandt’s words of wisdom. 50-Year Trading Veteran Hints At Possible Bitcoin Bottom In a…

Bitcoin price could return to all-time highs if $46K holds — analysts

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Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28’s Wall Street open as its latest bull run kept up the pace. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dip nonessential but “would be healthy” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $47,900 on Bitstamp, just $100 away from a new 2022 peak. The move followed a strong move into the weekly close, which continued on March 28, producing weekly gains of nearly 17%. It doesn’t have to happen but… A #BTC…