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Day: July 12, 2022
Into Crab Mode, Bitcoin Bullish Potential Capped For The Coming Months?
Bitcoin is back below $20,000 and seems on track to re-test the bottom of its current range. The cryptocurrency was showing signs of recovery, but it was rejected near the critical resistance zone at around $22,000. Related Reading |ย Tezos (XTZ) Nears 3-Week High โ Can Bulls Barrel Towards $1.80? At the time of writing, BTCโs price trades at $19,800 with a 3% and 2% loss in the last 24 hours and 7 days respectively. BTC trends to the downside with sideways movement in recent weeks on the 4-hour chart. Source:…
Bitcoin 'Bear Flag,' Crypto Options Market Hint at Downside Risk
The hedging behavior of bitcoin (BTC) market makers could exacerbate a price drop if there’s a breakdown in the bearish chart pattern. Original
Solana-Based STEPN Reports $122.5M in Q2 Profits
STEPN said the team had identified several areas where the company will deploy its earned capital in order to improve game play. These include security enhancements, anti-cheating mechanisms to prevent bots from earning GMT, building the developer and core team and seeking out partnerships and/or sponsorship opportunities. Source
Looking at the Claims Celsius Operated Like a Ponzi
โFaced with a liquidity crisis, Celsius began to offer double-digit interest rates in order to lure new depositors, whose funds were used to repay earlier depositors and creditors. Thus, while Celsius continued to market itself as a transparent and well capitalized business, in reality, it had become a Ponzi scheme,โ the suit alleges. Source
Animoca Brands Raises Additional $75M, Nudging Valuation to $5.9B
Non-fungible token (NFT) and metaverse investor Animoca Brands has raised a further $75 million, pushing the firm’s value to $5.9 billion. Source
Animoca Brands Raises Further $75M, Nudging Valuation to $5.9B
CryptoX – Cryptocurrency Analysis and News Portal Non-fungible token (NFT) and metaverse investor Animoca Brands has raised a further $75 million, pushing the firm’s value to $5.9 billion. Original Source The post Animoca Brands Raises Further $75M, Nudging Valuation to $5.9B appeared first on CryptoX. CryptoX Portal
Lightspeed Venture Partners Launches New Funds Totaling More Than $7B
The venture capital firm also announced Lightspeed Faction, an independent team focused on early-stage blockchain infrastructure projects Source
Bitcoin la 3.562$
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First Mover Americas: Bitcoin Below $20K and BTC's Inverse Correlation With Inflation-Adjusted Bond Yield Hits Record High
The latest price moves in bitcoin ($BTC) and crypto markets in context for July 12, 2022. Original