The Bitcoin price rebounded on Sunday, January 9, ending a six-day sideways trend. At press time, Bitcoin was trading at $41,898, with a $792 billion market value. On-chain data and RSI levels have been suggesting a trend reversal. The US Inflation Data due on Wednesday will be a significant factor
Global crypto market capitalization stood at $1.97 trillion. Bitcoin is up 0.33% in the last 24 hours. Over the weekend, the crypto market continued to decline as investors became more pessimistic about an early Federal Reserve rate rise. However, on Monday, the digital token cart recovered some of its losses.
Arbitrum, Ethereum’s most popular Layer 2 solution today, has over $2.5 billion in total value locked up. While numerous Ethereum DeFi protocols, like Balancer and Uniswap, have already joined the mainnet since its August 2021 debut, more are anticipated to follow. Yesterday, due to a Sequencer failure, transactions could not
Altcoins such as MATIC, EGLD, LUNA, DOT might outperform in Q2 of 2022. In the last year, Polygon (MATIC) has achieved many milestones. LUNI onTerra has come up with its first overview of LUNILAND. For crypto investors, the crypto-verse corrections have created newer opportunities. Searching and finding a capable and
Bitfinex is the bookmaker for the bonds. With a yield of 6.5 percent, the bond would be worth $1 billion. El Salvador became the world’s first country to recognize Bitcoin as legal cash in 2021 under President Nayib Bukele. Thanks to the legislation, volcano Bonds, a $1 billion Bitcoin bond
Google, on the other hand, continues to develop on the technology. Amazon is investigating the possibility of using radar. The Pixel 4’s face unlock technology was Google’s first public use of the small radar chips it had been researching for a long time. Amidst headlines and media attention, the technology
SMB is a collection of 5,000 randomly produced 24×24 pixel monkeys. CryptoPunks NFT avatar sold for $500 million in October. Non-fungible tokens (NFTs) have never been more popular. OpenSea, Axie, and Rarible are fantastic NFT markets to use while offering an NFT marketplace development service beneficial for organizations entering the
The Ethereum layer is a series of smart contracts built on Ethereum. Its rival, Cosmos, employs a WASM-based virtual machine. Polygon, formerly Matic Network, is a framework for creating blockchain networks. It uses an innovative sidechain method to solve several of Ethereum’s fundamental flaws, including throughput, user experience, and community
The staked ETH is now valued at almost $28 billion. Binance Coin established a descending triangle while testing $445 as support. Let us look at the top 3 coins and the period since their peak. Bitcoin (BTC) Despite recent market volatility, Bloomberg’s senior commodities analyst believes Bitcoin (BTC) and Ethereum
Whole crypto market crashed thus most tokens are dipping in price which seems to be the depressing start of the year. Despite the fact of market crackdown the analyst from Bloomberg Intelligence states that BTC and ETH wil head towards $100K and $5k respectively in 2022. The mainstream cryptocurrencies are
