Day: September 29, 2022

Bitcoin Sells-Off Amid Strong Economic Data, Can $18,600 Hold?

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Bitcoin has been unable to break above or below its current rage, and price action remains undecided. During yesterdayโ€™s trading session, the cryptocurrency saw upside volatility, but gains were surrounded once more today as macroeconomic forces took over BTC. At the time of writing, Bitcoin (BTC) trades at $19,200 with sideways movement in the last 24 hours and 4% profits in the last 7 days. While large cryptocurrencies have been able to preserve some of their gains from the past week, most are following the general sentiment in the market.…

A Guide to Digital Fashion and the Metaverse

New York Fashion Week is often described as a sensory experience. Attending shows, youโ€™ll hear the thud of bass-heavy music as models in well-tailored ensembles parade across the runway, the air thick with the scents of new money and luxury fragrance. If youโ€™re well-connected, youโ€™ll be able to interact with designers and try on garments, touching luxe denims, velvets, cottons and silks remixed into every hue and combination. Source

Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar โ€“ Economics Bitcoin News

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Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kongโ€™s central bank detailed that it interfered in forex markets in order to defend the Hong Kong dollar (HKD) as it showed signs of weakness against the greenback on September 28. HKMA Interferes in Forex Markets to Defend the HKD From Capital Flight to USD…

Solana Price Fails To Break $34 Again, What Could This Mean?

SOL price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength.ย  SOL rally caught short as BTC price continued to range. The price must hold $30 support or face a drop-down to a weekly low.ย  The price of Solana (SOL) has recently shown some bullish strength, but it has struggled to break above key daily resistance against tether (USDT). Solana (SOL) prices have continued to fluctuate as bulls and bears play chess with SOL. SOLโ€™s lack of bullish strength has left many traders and…

MEV Crypto Bot Gains $1M But Loses Same To Hack Same Day

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Hacks and exploits are increasingly taking more root in the crypto space. With the acceptance of digital assets globally, crimes also grow. The criminals use more technological approaches to aid their exploitation and hacks on protocols and platforms. A slight and negligible loophole is enough to result in these exploits. MEV bot, an Ethereum arbitrage trading bot, amassed a whopping $1 million as a jackpot prize. However, the joy of its gains was short-lived as events turned out negatively for it some hours later. Before adequately reflecting on the tremendous…

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ApeCoin Performance Could Attract The Whales โ€“ How About The Bulls?

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ApeCoin has recently made it to the top 10 in terms of trading volume from over 100 of the largest ETH whales as seen in the past 24 hours. APE made it to the top 10 in terms of trading volume ApeCoinโ€™s MRV has been seeing sustained growth APE price up by 1.46% The Bored Ape Yacht Club isnโ€™t running out of cards to play with the integration of a new staking rewards program that caught the attention of many ETH whales. The developments surrounding the BAYC token could be…