Day: August 22, 2022

Bitcoin Corrects 17%, But Market Expects Fresh Rally Report Says

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Bitcoin has been trading in the red over the past few days and seems on track for further losses over the short term. The cryptocurrency gave back a large portion of its profits since the start of August and could re-test support at around $20,000. At the time of writing, Bitcoin (BTC) trades at $21,200 with sideways movement over the past 24 hours and a 13% correction over the past week. Market participants are keenly watching these levels, as the entire crypto market might be hanging by a thread. BTC’s…

CryptoPunks Briefly Flip Bored Apes as NFT Prices Continue to Crater

Unlike last winter, when the price of ETH was pushing $4,000 and trading volumes were at all-time highs, this flippening comes as the rival collections’ prices are on the way down. The Bored Ape floor price is down almost 40% in the last month, with CryptoPunks down 24%, according to data from NFTPriceFloor. When the Bored Ape floor price passed that of CryptoPunks last time around, the cheapest editions from both collections were valued 55 ETH, at the time worth $215,000. Source

Bitcoin whales attack sellers at $22.3K as euro drops below USD parity

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Bitcoin (BTC) drifted near $21,000 on the Aug. 22 Wall Street open as the new week began without a rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView European commodity surge hammers euro Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to summon a comeback after last week’s 11.6% losses. The pair put in fresh multi-week lows under $20,800 over the weekend, subsequently staging a modest relief bounce to circle $21,200 at the time of writing. Anxiousness over European markets and the upcoming United States Federal Reserve Jackson Hole…

EOS Higher Despite Crypto Sell-off, FLOW Extends Declines – Market Updates Bitcoin News

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Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today’s rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period. EOS was trading mostly higher on Monday, as the token remained close to a three-month high. Last Wednesday saw EOS/USD rise to a high of $1.64, which was its strongest point since May 11. Since then, market uncertainty has heightened, with…

Cryptocurrency industry has rough week amid market uncertainty

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It’s been a rough week for the cryptocurrency industry as the value of Bitcoin and turmoil across major crypto platforms has left many investors worried about their digital wallets. Bitcoin saw its biggest one-day plunge since March 2020, jobs are being slashed and there is a question mark over the fates of some big names in the industry. Anne Gaviola takes a deeper look into the crypto “crash” and what it could mean going forward. For more info, please go to Subscribe…

Summer doldrums? Crypto volumes are down 55%, according to CoinShares

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Crypto investment products registered minor weekly outflows last week as volumes plunged to their second-lowest levels of the year, signaling weak demand among institutional investors during the tail end of summer. Outflows from digital asset investment products totaled $8.7 million in the week ending Sunday, CoinShares reported Monday. Bitcoin (BTC) investment products saw a third consecutive week of outflows totaling $15.3 million. Funds with direct exposure to Solana (SOL) also registered minor outflows totaling $1.4 million. Meanwhile, Ether (ETH) and multi-asset investment products registered small weekly inflows of $2.9 million…

Cardano (ADA) Reclaims Strong Buy Territory – Here’s How

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Cardano (ADA) was enjoying the uptrend last month. Following the price rally that insinuated a rise in the entire crypto market, crypto prices have nosedived again in the past week. ADA prices reaches buy zone Cardano lost 18% the past week ADA price drops 2.88% as of press time After the formation of that uptrend that drove the entire cryptocurrency market higher, prices crashed heavily in the past week. On average, the crypto market shaved off around 12% in the past week. Cardano lost roughly 18% and shoved ADA prices…