Day: December 24, 2022

SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines – Market Updates Bitcoin News

boss

Solana fell to a one-month low to start the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday, with price falling for a second consecutive day. Solana (SOL) Solana (SOL) was in the red on Saturday, as prices moved lower for a fourth straight session. SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was…

The 5 strangest stories of the industry in 2022

boss

From Terra to FTX, 2022 has given us many weird crypto stories. While investors have been enduring a bear market that saw the crypto industry sink below the $1 trillion market capitalization mark, adoption in the space has been growing, and old mysteries were finally solved. From the incredible short squeeze of a bankrupt company’s token to old anti-crypto arguments used by a major central bank, we’re getting weird with five stories the best fiction writers couldn’t dream up. “Comedic rapper” charged over Bitfinex hack Back in 2016, popular cryptocurrency…

The Santa Rally Effect: True or Myth?

boss

The Santa Rally, also known as the “December Effect,” is a phenomenon that refers to a trend of stock and cryptocurrency markets seeing an increase in prices during the last days of December. This trend is believed to be caused by a combination of factors, including increased holiday spending, end-of-year tax planning, and optimism about the future. However, it is important to consider the current macro economic and market conditions when making investment decisions. Inflation remains a concern, with rates remaining high despite efforts by the Federal Reserve (FED) to…

What to tell your family about what happened in crypto this year

boss

After a lackluster rise of crypto in 2021, which saw many new crypto millionaires and several crypto startups attain unicorn status, came the dramatic fall in 2022. The industry was plagued by macroeconomic pressures, scandals and meltdowns that wiped out fortunes virtually overnight.  As 2022 comes to a close, many crypto proponents are perplexed about the state of the industry, especially in light of the recent FTX collapse and the contagion it has caused, taking down several firms associated with it. Many who couldn’t stop talking about crypto and recommending…

Litecoin Price Could Present Shorting Opportunities Levels

boss

The Litecoin price has continued to face rejection after it failed to topple over the $80 price level. In the last 24 hours, it barely registered any price movement. It just depreciated by 0.8%. It was an indication of sideways trading for the altcoin. The past week for LTC has been choppy owing to constant volatility amongst major market movers. Bitcoin has dropped in price over the last 48 hours, dragging most altcoins down with it. The technical outlook of the Litecoin price showed signs of struggle as the bears…

BTC Nears $17,000 Ahead of Christmas Day – Market Updates Bitcoin News

boss

Bitcoin rose closer to the $17,000 level on Saturday, despite crypto markets mostly consolidating to start the week. The global cryptocurrency market cap is down 0.32% as of writing. Ethereum was also higher earlier in the day, with prices nearing the $1,230 level. Bitcoin Bitcoin (BTC) remained under the $17,000 level to start the weekend, as prices continued to consolidate despite earlier gains. BTC/USD hit a high of $16,905.22 earlier in today’s session, which comes a day after price was at a bottom, at the $16,793.53 mark. The move saw…