Month: July 2022

3 reasons why Bitcoin is struggling to flip $20K to support

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The positive gains recorded in the first ten days of July have all but disappeared on July 13 as Bitcoin (BTC) and the wider market slid back toward new yearly lows. Subdued action in the market can be traced back to a variety of factors ranging today’s record-high Consumer Price Index print and a raging US dollar that recently hit its highest level since October 2002. Data from Cointelegraph Markets Pro and TradingView shows that July 13 marked the fifth consecutive day of a declining BTC price, which hit an…

Bears Refuse To Budge As Bitcoin Struggles To Reclaim $20,000

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Bitcoin has been taking hit after hit from bears who want to see the price of the digital asset crumble to its lowest point. This has led to struggles on the part of bitcoin to keep up its price. However, with so many events working against the crypto industry and a large number of investors pulling out of the market, the digital asset has had a hard time maintaining its price above its last cycle high. Bitcoin Falls Below $20,000 Bitcoin’s price has now fallen below $20,000 for the third…

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Ukraine Seizes Assets From OTC Crypto Brokers for Working With Russians

The authorities seized 850,000 euros, US$470,000 and 460,000 Ukrainian hryvnia (amounting to about $1.67 million in total); 830 kilograms of silver; six pieces of land; and three apartments. All were the proceeds of illegal crypto trades, the Prosecutor General’s office said. The assets, worth around $3.39 million combined, were handed over to Ukraine’s Asset Recovery and Management Agency, which is similar to the U.S. Marshals Service. Source

NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million – Markets and Prices Bitcoin News

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While digital currency markets have dropped in value during the last two months, weekly non-fungible token (NFT) sales have slid lower as well. Seven-day statistics show that NFT sales managed to rise more than 10% higher than the week prior. One particular NFT sale, Cryptopunk #4,464, helped push this week’s sales volume up as the NFT sold for 2,500 ether or $2.6 million at the time of settlement. Cryptopunk Sales Increased by 545%, Ronin-Based NFT Sales Climbed 146% Higher, Gaming NFTs Rise Above Art and Digital Collectibles Weekly NFT sales…

Cornucopias Completes The Largest single NFT Land Sale On The Cardano Network

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Land is the most desirable asset of any metaverse as it bestows exclusive perks upon the owners and in a recently concluded 5-day sale, Cornucopias has set the record for the largest NFT Land sale on the Cardano network. As the popularity of NFTs on the Cardano network continues to grow, more promising projects have emerged to build on the solid foundation laid by the Cardano team. Cornucopias, a play-to-earn project, has proven that the utility of NFTs on the Cardano network is here to stay after selling out its…