Month: August 2022

DOT Drops Below $8.45 Resistance Level, as CRO Rises to Multi-Week High  – Market Updates Bitcoin News

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Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process. Polkadot (DOT) Polkadot (DOT) was one of today’s notable tokens to fall, as global crypto markets were predominantly in the red. DOT/USD dropped for a second consecutive day, leading prices to a floor of $7.70…

Bitcoin price clips $23K on Pelosi Taiwan visit as trading range persists

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Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China. BTC price U-turns as Pelosi lands in Taipei Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking above $23,000 on the day as news came in that Nancy Pelosi, speaker of the U.S. House of Representatives, had landed in Taipei, Taiwan after warnings of retaliation from Beijing. The visit, which had raised concerns of a major incident occurring, appeared to go without a hitch — something an…

Why You Should Be Wary Of The Bitcoin Rally With BTC At $22,000

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Bitcoin has been slowing down on its bullish momentum after crossing the barrier at $22,000 and $23,000. The cryptocurrency still holds some of its gains from last week but might be poised for a re-test of lower levels. At the time of writing, BTC’s price trades at $22,900 with a 2% loss in the last 24 hours and an 8% profit over the past week. BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview This Bitcoin Bear Market Might Not Be Like 2020 Crypto market participants seem to…

AVAX Still In Crimson Territory As Rejection At $25 Forms

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Avalanche (AVAX) price lingers further in the red. The coin price is extremely bearish showing a downward trend indicating a pessimistic market forecast. Consequently, the AVAX/USD pair is fronting a resistance spotted at $25.15 and support seen at $23.18. As of this writing, the AVAX/USD pair dipped to a new low that registered at $23.33 following a bearish overturn. Even though the token has spotted support at $23.18, the bulls are unable to thrust the price higher. Avalanche Price Down By 5.70% Overnight Currently, the AVAX/USD pair is experiencing resistance…

Enterprise crypto custody firm Fireblocks integrates Tokeny for token minting

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Enterprise cryptocurrency custody firm Fireblocks is set to offer token minting services through a new integration with Ethereum- and Polygon-friendly platform Tokeny. The new feature allows businesses and retail customers to mint and manage permissioned tokens, digital securities, stablecoins and loyalty programs across various trading applications, payment networks and digital banks. Fireblocks and Tokeny make use of ERC-3643 security tokens deployed on the Ethereum and Polygon blockchains. Fireblocks provides an enterprise solution for moving, storing and issuing digital assets to exchanges, lending desks, custodians, banks, trading desks and hedge funds.…

Crypto Intelligence Firm Messari Acquires Web3’s Version of Crunchbase

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Will Merge Sentiment Push Ethereum To $2,000?

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Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400. Ethereum Weekly Chart The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend. There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA). Ethereum Weekly Price Analysis…