Having a successful investing career in cryptocurrencies is quite hard. Even if you are a seasoned trader in Forex, commodities, or any other traditional market, you will find crypto to be a completely different animal. Many reasons account for this. The best-known one is the crypto’s relatively low capitalization. That means that the markets are…
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El Salvador passed a bill making Bitcoin legal tender this week, putting it on equal footing with the country’s official national currency, the U.S dollar. While this was celebrated as a victory for Bitcoin, the International Monetary Fund (IMF) has since voiced its concerns with the move. During a press conference on the matter, IMF…
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James Taylor, one of the leading lights at BNY Mellon, has quit his role at the global bank to take up a new position in crypto. All of Talyor’s business acumen accrued from years on the job will feed into his role with Unizen, where he will assume the newly created post of Chief Business…
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Ethereum failed to surpass $2,600 and started a fresh decline against the US Dollar. ETH price is holding the $2,400 support, but it is likely to face sellers near $2,550. Ethereum made two attempts to gain strength above $2,625, but failed. The price is now trading well below $2,550 and the 100 hourly simple moving…
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Does Coinbase’s mild direct listing performance have emerging crypto platforms thinking twice about going public? The latest comments from major cryptocurrency exchange Kraken might be suggesting so. In an interview with CNBC earlier this year, Kraken CEO Jesse Powell shared that the company was considering going public via a direct listing in 2022. Coinbase went…
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Bitcoin price extended its upward move above the $37,500 resistance against the US Dollar. BTC failed to clear $38,500 and it is now correcting lower. Bitcoin traded above $38,000, but it failed to continue higher above $38,500. The price is currently well above $35,000 and the 100 hourly simple moving average. There was a break…
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The U.S. Securities and Exchange Commission (SEC) has issued yet another cautionary bulletin for Bitcoin investors. Specifically, the Commission has warned about the dangers for BTC futures traders and has asked them to “weigh carefully the potential risks and benefits of the investment”. The bulletin called “Funds Trading in Bitcoin Futures” is part of a…
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The crypto market is in full fledged fear for the longest phase in more than a year, coinciding with a massive Bitcoin drop of more than 50%. The once trending cryptocurrency has yet to recover, leaving the market and participants in a state of extreme fear. But past data shows, fear is often a good…
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Bitcoin trades at $36,786 and records profits in the 7-day chart, after two consecutive weeks of losses. In the 30-day chart, BTC still has a 32.3% loss. The price action painfully moves higher in the current range, but without conviction from the bulls. BTC trends downwards in the daily chart. Source: BTCUSD Tradingview The crypto…
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NFTs are a thing of beauty (sometimes), and sometimes they are just downright weird. But they are collectible, and they are definitely having more than a moment. NFTs have grabbed the headlines with celebrities releasing their collections, from “The Mohammed Ali Collection”, to Tony Hawk and then prominent artists like Banksy and Beeple whose work…
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