No much to add to last week’s comments as Ethereum looks for support in the 40 day cycle trough zone and at the January uptrend support line.
Interestingly crypto is going up while global equity markets slump, typically they are tightly coupled. The preferred view remains for an upside reversal in both Ethereum and Bitcoin. The key level to beat here is US$3,000. We need price to pass up through and find support at this level.
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
