Month: August 2022

Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises – Economics Bitcoin News

boss

The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to reach up to 12 bolivars per dollar by December. Venezuelan Bolivar Drops 35.51% Against USD in a Week Many Latam countries are being affected by the strength that the U.S. dollar has shown…

What The Negative Bitcoin Funding Rates Say About Investor Outlook

boss

Bitcoin funding rates have remained low even when the price of the digital asset has rebounded. The trend for the previous week showed that investors remained extremely wary of the market, and there has not been a change for the new week either. This coincides with the general market sentiment falling back deep into the fear territory. This report takes a look at where the bitcoin funding rates are currently and what it says about the market. Funding Rates Remain Below Neutral Back at the beginning of August, the bitcoin…

BITCOIN WARNING SO WATCH THIS ASAP!!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🏆 BYBIT $4100 Bonus + 30% Fee Discount + FREE BIT LAUNCHPAD!! 🏆 Discord Channel 🔥APEX 🔥bit.ly/ApexProtocolTBF 🔥 Step 1: Connect their wallets Step 2: Click on “I’m invited” Step 3: Enter your “Referral Code” – TBFDIDI02 🏆 OKX (OKEX) $5000 BONUS 🚀 🏆 🏆 PHEMEX $1600 BONUS 🏆 PRIME XBT $1750 BONUS BINANCE TRADING PLATFORM (better then tradingview) Guys Make sure to check these links and the new crypto T-shirts in our shop!!  Guys Make sure to check these links and…

LoopRing Price Lags Despite Relief, Is LRC Double-Digit Gain Feasible?

The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant. (Data from Binance) LoopRing Price Analysis On The Weekly Chart Weekly LRC Price Chart | Source: LRCUSDT On Tradingview.com From the chart, the price of LRC saw its weekly bottom at $0.35; the price of LRC bounced from that region to a price of $0.4 on the…

ATOM price is reaching for the Cosmos, but why?

boss

As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range.  Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough to break the market structure. That’s all kind of basic trading 101. This week Cosmos (ATOM) price appears to be following this path and the altcoin is showing a bit of strength with a 35%…

HBAR Hedera Hashgraph Crypto Price News Today – Price Prediction and Technical Analysis!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io HBAR Hedera Hashgraph Crypto Price News Today – 2022 Price Prediction and Technical Analysis! In this video I talk about the crypto coin HBAR and carry out an Elliott Wave technical analysis. I also talk about my price prediction for Hedera Hashgraph for 2022. Join the private MoreCryptoOnline membership group: www.morecryptoonline.com OR For additional support you can now buy me a coffee ;-): You can find the Technical analysis channel here: Link to Crypto.com: crypto.com/app/mco Link to KuCoin: Please check out the…

MTV to Broadcast Metaverse-Inspired Award Show Performance Featuring Eminem, Snoop, Bored Apes – Metaverse Bitcoin News

boss

On Thursday, the popular cable channel MTV revealed that the legendary rappers Eminem and Snoop Dogg plan to perform the duo’s hit single “From the D 2 The LBC” this Sunday. The music video features the non-fungible tokens (NFTs) stemming from the Bored Ape Yacht Club (BAYC) collection, and the upcoming show is considered the first-ever metaverse-inspired award show performance. MTV to Air Metaverse-Inspired Performance Featuring Hip Hop Stars Eminem and BAYC NFTs In three days on August 28, 2022, at 8 p.m. (EST), MTV will be hosting the Video…

Alameda Research and FTX merge VC operations: Report

boss

Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. According to a Thursday Bloomberg report, Alameda’s Caroline Ellison said in an interview that the merger had happened prior to former co-CEO Sam Trabucco announcing his resignation on Wednesday, leaving Ellison as the firm’s sole CEO. The investment arm of the crypto exchange, FTX Ventures launched in January — when the absorption of Alameda reportedly began — with $2 billion in assets under management. BREAKING:…

Markets Should Prepare for Persistent Inflation and Continued Rate Hikes

Philadelphia Fed President Patrick Harker told CNBC that the decision on whether to tighten 50 or 75 basis points depends on the next inflation reading on Sept. 13. “I think we have to recognize that a 50 basis point move is still a substantial move, so whether it’s 50 or 75 I can’t say right now, but let’s not think that 50 isn’t a substantial move,” Harker said. Source