Most alternative cryptocurrencies (altcoins) underperformed BTC on Friday, suggesting a lower appetite for risk among crypto traders heading into the weekend. Further, bitcoin’s dominance ratio, or BTC’s market cap relative to the total crypto market cap, ticked higher, reversing a short-term downtrend over the past few days. Original
Crypto exchange giant Crypto.com is expanding its app roster by adding half a dozen up-and-coming altcoins. The app announced its latest listing of play-to-earn metaverse token Merit Circle (MC), joining the marketplaceโs more than 250 cryptocurrencies and stablecoins. The decentralized autonomous organization gives voting rights to all MC holders, and players have access to over two dozen games. Merit Circle has surged upward in two waves after the listing announcement, rising by 14.3% from $2.30 to a high of $2.63. MC is up 11.25% on the day and trading for…
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Cryptocurrency exchange Crypto.com plans to use its ad time during the 94th Academy Awards on Sunday to air a TV spot regarding the humanitarian crisis in Ukraine. In a Wednesday announcement, Crypto.com CEO Kris Marszalek said the exchange had partnered with the International Committee of the Red Cross, or ICRC, to launch a campaign aimed at helping those suffering under war-torn conditions in Ukraine. The CEO did not specify what the campaign would entail, but the platform already allows donations in crypto, fiat and nonfungible token purchases to the humanitarian…
Decentralized exchange (DEX) running on multiple networks, SushiSwap (SUSHI) currently moves in tandem with the general sentiment in the market. The token approached the $4 price point but started trending to the downside as Bitcoin was rejected above $45,000. Related Reading | How A Whitehat Hacker Saved 109K ETH On SushiSwap-Based Contract As of press time, SushiSwap trades at $3.5 with a 1.5% loss in the last 24-hours. SUSHI moving sideways on the 4-hour chart. Source: SUSHIUSDT Tradingview SUSHI holders could benefit from a long-term bullish trend. Recently, developer 0xMaki…
On-chain data shows Bitcoin futures open interest has jumped up more than $1.5 billion in just a few hours as the cryptoโs price breaks past $44k again. Bitcoin Futures Open Interest Adds More Than $1.5 Billion Within A Few Hours As pointed out by an analyst in a CryptoQuant post, the BTC open interest has shot up over the past day as the coinโs price has observed a surge. The โopen interestโ is an indicator that measures the total amount of Bitcoin futures contracts currently open on all derivatives exchanges.…
This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24. One of the triggers that could have driven crypto prices higher was BlackRock CEO Larry Finkโs letter to shareholders where he said that the Russia-Ukraine conflict has opened up avenues for digital currencies to be used as a mode of settlement for international transactions. Another bit of news that may have aided the up-move in crypto prices was that Goldman Sachs…
BTC and most major altcoins could witness a minor dip to retest lower support levels, but the overall trajectory appears to now favor bulls. This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24. One of the triggers that could have driven crypto prices higher was BlackRock CEO Larry Finkโs letter to shareholders where he said that the Russia-Ukraine conflict has opened up avenues for digital currencies to be used as…
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