Tag: Markets

While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’ – Markets and Prices Bitcoin News

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18 days ago on March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto Fear and Greed Index back down to the “extreme fear” position with a score of 22. Crypto Sentiment Index Slides to ‘Extreme Fear,’ Bitcoin’s USD Value Is Down 35.7% Year-to-Date On Friday, April 15, 2022,…

XRP, Dogecoin Outperform as Crypto Markets Continue Slide

“The speculation is that advertisers could be able to pay DOGE for ads and for other uses on Twitter,” explained Kryptomon Chief Marketing Officer Tomer Nuni in a note to CoinDesk last week. “We have seen the same happening when Tesla revealed the ability to pay for its goods with DOGE. So the speculation could be around Musk’s businesses and stakeholdings starting to accept crypto, as Tesla does.” Source

Digital Assets Exchange Crypto.com Lists Three Little-Known Altcoins As Markets Trade Sideways

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As the crypto markets consolidate, one major digital assets exchange is adding three tokens to its arsenal of altcoins. In a series of tweets, Crypto.com is announcing the addition of three little-known altcoins to its expanding digital assets list. Two days ago, Crypto.com announced the listing of Voxies (VOXEL), a retro-style play-to-earn RPG game. The Ethereum-based VOXEL token is the game’s utility token and is up 0.6% over the last 24 hours. Voxies is listed in the https://t.co/vCNztATSCO App ? Buy $VOXEL at true cost with USD, EUR, GBP, and…

Spread of Sanctions Makes Privacy Tokens the Hot Bet in Crypto Markets

Monero‘s XMR, the largest privacy token by market capitalization, is up 35% over the last 30 days, compared with bitcoin (BTC), the world’s largest cryptocurrency by market value, which is up 6% over a 30-day period, according to data from Messari. Monero prides itself on providing a “secure, private, untraceable cryptocurrency that keeps money confidential,” according to its website. Binance, the world’s largest cryptocurrency exchange by trading volume, published a blog post last week on the top 10 privacy tokens on the platform, with XMR at number 1. Source

54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments – Emerging Markets Bitcoin News

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An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from going mainstream. Crypto as Currency According to the findings of a study by Checkout.com, about 54% of respondents in both the UAE and Saudi Arabia “believe that cryptocurrency should be used as currency” and not only as “an investment asset.” This figure is nine percentage points higher than the…

Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months – Emerging Markets Bitcoin News

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According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in the past six months. The report attributes the growing adoption of cryptocurrencies to rising inflation and the plunging value of the local currency. Converting From Fiat to Crypto via P2P Platforms A new report by the cryptocurrency exchange Kucoin has found that 35% of Nigerian adults, or 33.4 million people aged between 18 and 60, are holders of cryptocurrencies or have traded the same in…

White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation

Psaki’s comments perhaps indicate the White House expects the headline inflation to cool in the coming months, as the panic in the energy market has faded. Gas prices in the U.S. have pulled back to $4.11 per gallon from the record high of $4.33 per gallon hit on March 11, according to the American Automobile Association. The West Texas Intermediate crude traded at $96 per barrel at press time, down 23% from the high of $123 seen a month ago, per charting platform TradingView. Energy prices had surged after Russia…

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex – Emerging Markets Bitcoin News

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The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s top currencies. Violators Face Possible Prison Time The Ghanaian central bank has reminded the public that the practice of receiving or making payments for goods and services in foreign currency without its express authorization is still prohibited. The bank also similarly warned businesses against “engaging in foreign…

First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again?

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