Ethereum has held support for now as global equities found a foothold. S&P 500 as well as vNikkei futures may be bottoming. Notice also that Ethereum is in a 40-day cycle trough zone (semicircle) in chart and RSI has counted a five wave down structure, which points to maturity.
Preferred view remains for a move up back across the range and another attempt at a breakout c 3,450.
BTC has soared past US$21,000. Also, Justin Sun is looking to spend a billion dollars on DCG's assets, India's RBI head is calling for a complete ban on crypto, and more.
There were US$433 million entering digital asset products last year, down 95% and 90% from US$9.1 billion in 2021 and US$6.6 billion in 2020 respectively.
There has been little action around the two main cryptocurrencies in the past month, and Bitcoin’s dominance of the crypto market still stands at 40.15%. The question on everyone’s minds is whether the crypto market has bottomed, and how long it will take for confidence to return.
2022 has been a tale of two halves for the crypto industry. Here are the most inspiring quotes from crypto industry leaders that haven’t exactly aged well.
Solana just hit a new all-time high of $263 but how much more is there to come?
The bank’s strategic focus on acquiring a stablecoin payments firm underscores its commitment to innovation in blockchain-based financial services.
The cuts are part of a strategic pivot toward core products like Ronin Wallet, Waypoint, and Axie 2.0, underscoring a shift from rapid growth fueled by P2E hype to sustainable long-term operations.
Pump.fun, a booming memecoin platform, faces backlash for enabling extreme content, from exploitation to abuse, exposing crypto's dark side
