Month: July 2022

Ethereum price breaks out, hits 2-month high versus Bitcoin โ€”ย is the rally sustainable?

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Ethereum’s native token Ether (ETH) has successfully avoided a bearish technical setup to reach a two-month high against Bitcoin (BTC). ETH price bear flag invalidated The ETH/BTC pair invalidated its prevailing “bear flag” pattern after Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake (called the Merge)ย will most likely occur in September. ETH/BTC has rallied by more than 22% since the announcement, reaching 0.067, its highest level since May 25. Furthermore, the pair’s sharp upside move has pushed its net retracement gains to 37% when measured from…

Crypto winter has 250 days left if the market cycle repeats: Grayscale

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Grayscale Investment’s latest Insight reportย provides interesting food for thought, pinning the start of the current bear market in Juneย 2022,ย  which could last another 250 days if previous market cycles are to repeat themselves. Grayscale notes that cryptocurrency markets mimic their conventional counterparts with cyclical movements. Bitcoin (BTC) market cycles conventionally last 4 years or approximately 1,275 days. The firm defines a cycle when the realized price of BTC moves below the current market price. Realized price is determined by the sum of all assets at their purchase price divided by…

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Play-to-Earn Fantasy Sports Game, Ultimate Champions, Announces July 25th Launch Date for Its CHAMP Token โ€“ Press release Bitcoin News

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press release PRESS RELEASE. Unagi is shifting the way sports fans interact with their favorite sports clubs through their innovative free-to-play and play-to-earn fantasy sports game: Ultimate Champions. Live since April 2022, the company has shaken the industry with several trailblazing successes including: Launching its fantasy football game with over 40 clubs, including the English Premier League powerhouse Arsenal FC Registering more than 20K active users in only 30 days Inking a pioneering deal with the EuroLeague, including 38 of the biggest basketball teams in Europe such as Real Madrid…

LDO Outperforms, MATIC Rises By 65% Whileย Ethereum Gainsย Momentum

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As markets responded toย Shadow Fork 9โ€™s announcement, ETH was back in the green. Ethereum is currently regaining ground and progressing due to the favorable market situation.ย  At the same time, some other altcoins are doing well on the weekly chart, such as Polygon (MATIC) and Lido DAO (LDO), which have seen considerable price increases over the last week and in the previous 24 hours as well. Related Reading |ย ย TA: Bitcoin Price Eyes Fresh Increase To $22K, Why Dips Remain Supported Only a few of the top 100 cryptocurrencies have been…

Tesla’s bitcoin holdings could result in a $460 million hit for the car maker, Barclays says

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Tesla ‘s bitcoin holdings could have taken a big bite out of the electric car maker’s upcoming earnings, according to Barclays. Analyst Brian Johnson said he expects Tesla to report an impairment of roughly $460 million due from bitcoin. Tesla is slated to post earnings Wednesday after the bell. “With Bitcoin ending the quarter at ~$19k (well below TSLA’s likely purchase price range of ~$32-33k), we expect TSLA to take an impairment charge in the quarter of ~$460mn or ~$0.40 per share,” Johnson said. Bitcoin prices have plummeted in recent…

Most Gamers Believe Metaverse Will Change the Gaming Industry Positively โ€“ Bitcoin News

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A survey published by Globant, a software development firm, and Yougov, found that most gamers believe that metaverse will change the gaming industry in a positive way. The survey, which consulted the opinion of 1,000 PC, console, and mobile gamers, also found that most gamers are still uncomfortable with advertising on the metaverse and that non-fungible tokens (NFTs) are still uncommon for metaverse gamers. Metaverse Tech Might Change the Gaming Industry, Globant Survey Finds The sentiment of gamers toward metaverse tech and its influence on the future of…

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