The crypto bear market of 2022 has wiped out more than 70% of the market capitalization from the top. The total crypto market cap breached $3 trillion at the bull market’s peak last year but currently struggling to remain above $1 trillion. At a time when the majority of the cryptocurrencies are moving sideways with no significant bullish momentum recorded in months, it can get a little frustrating, especially for those who jumped in at the market top in hopes of making some quick money. As crypto-winter worsens, the Reddit crypto…
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BTC price sees ‘double top’ before FOMC — 5 things to know in Bitcoin this week
Bitcoin (BTC) begins a key week of internal and macroeconomic events still trading above $20,000. After its highest weekly close since mid-September, BTC/USD remains tied to higher levels within a macro trading range. The bulls have been keen to shift the trend entirely, while warnings from more conservative market participants continue to call for macro lows to enter next. So far, a tug-of-war between the two parties is what has characterized BTC price action, and any internal or external triggers have only had a temporary effect. What could change that?…
The Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales – Blockchain Bitcoin News
While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five NFT marketplaces by 79%. Top 5 NFT Markets Cross $40 Billion in All-Time Sales, Opensea Dominates by 79% During the month of October, the top five NFT marketplaces surpassed the $40 billion mark, in terms…
BTC price struggles at $21K as trader says ‘top is in’ for Bitcoin, Ethereum
Bitcoin (BTC) continued consolidating into the Oct. 30 weekly close as concerns over a deeper retracement became vocal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader avoids new longs below $21,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling levels just below $21,000 on the day. Weekend trading had produced an early return above the $21,000 mark, this short lived as Bitcoin bulls failed to offer the volume to sustain higher levels. Now, popular trader and analyst Il Capo of Crypto sensed a change of direction was ultimately…
Top 3 Altcoin Performers Of The Week- DOGE, KLAY, MATIC
DOGE’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.088 with eyes set on $0.1. MATIC could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $1. KLAY’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The top 3 altcoin performers for the week have been MATIC, DOGE, and KLAY, considering how these altcoins…
Cryptocurrency Is a Top Method for Retirement Savings – Featured Bitcoin News
A study published by financial giant Charles Schwab shows that cryptocurrency is a top method for retirement savings. “Gen Z and millennial workers are more likely to also invest in cryptocurrency, real estate, annuities, and small businesses, unlike older generations.” Crypto Investments in 401(k) Accounts Financial giant Charles Schwab published a report titled “401(k) Participant Study – Gen Z/Millennial Focus” Tuesday. The report features the results of an annual online survey of U.S. 401(k) participants conducted by Logica Research for Schwab Retirement Plan Services Inc. A total of 1,000 401(k)…
Twitter’s top brass gutted as Elon Musk’s takeover begins
Elon Musk reportedly finalized his $44 billion takeover of social media platform Twitter on Oct. 27 and has started his tenure at the company by cleaning house at the upper executive level. According to sources from multiple outlets, CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde are reported to have been sacked with Musk accusing them of misleading him over the number of spam accounts on the platform. Agrawal and Segal were “escorted out” of the company’s headquarters when the deal closed according to…
Brink Emerges as the Top Funder of Bitcoin (BTC) Core Development, BitMex Research Says
Brink has funded more active Bitcoin Core developers and reviewers – eight contributors with at least 10 commits – than any other organization in the past 12 months, BitMex said. On GitHub, commits are snapshots of changes and updates made by developers and are often used to gauge developer activity. Source
Metaverse losses top $3.6B for Meta with spending set to increase
Big Five technology player Meta is still burning cash through its Metaverse research and development arm Reality Labs with a $3.67 billion loss posted for the third quarter of 2022, stating those losses will further deepen next year. The company’s Q3 2022 earnings released on Oct. 26 show the biggest-ever quarterly losses for Reality Labs from earnings dating back to the fourth quarter of 2020, the business also made $285 million in revenue for the third quarter, its lowest on record within that time. With its Reality Labs business marking…
Huobi Token (HT) Records Higher Gains When Top Coins Struggle
The cryptocurrency market is currently experiencing some turbulence, and many coins are struggling to keep up with their peers. However, one coin is bucking this trend and gaining momentum at an impressive rate. Huobi token is on the road to being the most profitable crypto of October. The token has recorded high gains in a market filled with turbulent price actions. Huobi token’s exponential profit comes as news of Justin Sun’s advisory role at Huobi Capital surfaces. The popular entrepreneur made several bullish remarks about HT on Twitter which caused…