Day: April 22, 2022

Analyst suggests swing trading Bitcoin is the best move as BTC price dips below $40K

boss

Bitcoin (BTC) price flashed bullish for a brief moment, possibly tricking some traders into opening longs, before plunging back below $40,000 in evening trading hours. Let’s take a quick look at what traders think about the current price action and whether or not today’s brief break out was nothing more than test of overhead resistance. BTC/USDT 1-day chart. Source: TradingView Resistance remains at key moving averages Analysis of Bitcoin’s weekly price action was discussed by crypto trader and pseudonymous Twitter user ‘Rekt Capital’, who posted the following weekly chart noting that…

A Year After Coinbase’s Public Debut, Most Listed Crypto Firms Are Underwater Compared With Bitcoin’s Performance; BTC Retreats From $42K

boss

“That premium has been on the pretext that it would give them a free pass while governmental agencies took their war on crypto to other platforms and exchanges instead, like Binance,” QCP wrote at the time. “If now, a regulated U.S. entity who is offering a product that is already being offered in the U.S., going through the proper legal route, can face such harsh action, then nobody is assured to be safe anymore.” Original

Metrics Show Decentralized Exchange Volumes Continue to Slide This Year – Defi Bitcoin News

boss

Decentralized exchange (dex) volumes have been dropping since December 2021 according to current statistics. However, last month dex trade volumes spiked 2.37% higher than the volumes recorded in February. Despite the brief spike and with only eight days left in April, metrics show this month’s dex volumes will likely be much lower than in March. Decentralized Exchange Volumes Slip Month After Month — April’s Dex Volumes Remain Lackluster In 12 months, dex platforms recorded over $1 trillion in trade volume as they have become prominent fixtures in the crypto industry.…

The Top 5 Most Valuable NFT Collections And A Tool To Track Them Down

boss

Some of these NFT collections are so ever-present that they are already part of the collective unconscious. Others, the general public has not even heard about.  What makes an NFT collection valuable? Market capitalization is the potential value of the whole collection, based on its size and the value of the individual pieces. In the case of NFTs, it’s hard to pinpoint, because it’s a volatile market with lots of action all-day-every-day. Agreeing on which are the most valuable #NFTs collections is certainly hard. We created a matrix called “Most…

Broxus CEO Vlad Ponomarev on Everscale and Developing a Universal Bridge Mechanism – Interview Bitcoin News

boss

Everscale is the most scalable network in DeFi. With the capacity to process over a million transactions per second, Everscale is able to offer users some of the fastest transaction speeds paired with fractional fees. The Everscale ecosystem includes a cross-chain bridge platform with a unique Universal Bridge mechanism that facilitates liquidity transfers to and from virtually any network, a native DEX with some of the highest APY rates in DeFi on its staking and farming pools, and native wallets. Vlad Ponomarev is the CEO of Broxus. He recently joined…

Why A “Boring” Bitcoin Could Be A Good Thing

boss

The current bitcoin trend can be described as “boring” by a lot of folks in the market. However, it is good to look at what this would mean in a space like the crypto industry that is used to fast-moving prices and quick-changing momentum. While the word “boring” may sound bad to investors who are used to these characteristics, Director of Global Macro at Fidelity, Jurrien Timmer, explains why this could inherently be a good thing for the digital asset. Draw In Institutional Investors The need for institutional investors in…