[ad_1] Ethereum has slumped with a warning sign for the crypto market. BTC and XRP are under pressure from new developments. ZIL reversed weekly gains. ETH Ethereum has flashed a weekly sell signal, alongside Bitcoin, in a warning for the cryptocurrency market. The Shapella upgrade was important because it would release tokens that had been staked as part of the Merge upgrade. It was always a risk that the return of the tokens could lead to selling, which appears to be the case this week. The “staked ether” tokens currently account for around 15% of all ether tokens, according to…
Author: Kevin George
[ad_1] DOGE jumps after cryptic tweets from fast food giant. Bitcoin eyes the $30k level. CSPR tops the market gains. ENJ rises on new developments. DOGE Dogecoin (DOGE) rose 10% over the last week as investors speculated about cryptic tweets from fast food giant Burger King. The UK branch of BK created a last week when it tweeted about an “office doge,” in response to a request by a crypto user saying, “We need doge.” The burger chain’s Twitter account also posted a meme saying, “brb I’m making BiteCoin.” The company’s social media has made previous statements related to DOGE…
[ad_1] ETH follows BTC with strong gains. Conflux leads the altcoin charge. AGIX gains with… USDC recovers peg after Circle funding issues. ETH Ethereum rallied over 20% and Bitcoin was over 30% higher investors turned to crypto after the fallout from the Silicon Valley Bank collapse. Nexo’s Co-Founder Antoni Trenchev told Yahoo Finance: We are seeing a flight into Bitcoin and Ethereum because people want to escape some of the smaller caps and some of the stablecoins that are out there. However, he also worried that the shutdown of Signature Bank could have an adverse effect on the industry.…
[ad_1] BTC loses 4.7% as negative sentiment weighs. EOS eyes revival with EVM. SNX tops the week with a 21% gain. IMX gains on Warner Bros deal. BTC Bitcoin’s rally ran into resistance with a 4.7% drop on the week as traders fear higher inflation and regulation. Securities and Exchange Commission (SEC) Chair, Gary Gensler, rattled crypto markets again with his comments on crypto exchanges. Gensler’s statement—part of prepared remarks before a virtual public meeting last week—following a February 15 vote by SEC commissioners to expand the asset custody rules to include cryptocurrencies. Based upon how crypto trading and…
[ad_1] BTC rally continues with a 15% weekly gain. STX surges on Ordinal activity. MATIC jumps into the top ten. CFX posts a 500% gain for the week. BTC Bitcoin continued the recent rally with a 15% gain for the week. The latest rally in the world’s largest cryptocurrency is being driven by Ordinals Inscriptions which has opened up the potential for non-fungible tokens on the oldest blockchain. The market is buzzing at the potential for BTC NFTs which improve on Ethereum’s offering. Unlike Ethereum NFTs, which rely on off-chain metadata that can be modified, Ordinal Inscriptions enable all data…
[ad_1] BTC rally gives way after SEC takes action against Kraken. BNB slumps 11% on contagion. CAKE loses on UNI moves. BNX is the week’s big gainer. BTC Bitcoin was 8% lower this week after regulators once again popped the bubble of the world’s largest cryptocurrency. News that the Securities and Exchange Commission (SEC) was investigating the Kraken exchange led to bearish activity in the cryptocurrency market. A settlement between the two sides was later confirmed in an SEC press release. Kraken was ordered to discontinue the “offer and sale of crypto asset staking-as-service”. The San Francisco-based exchange was also…
[ad_1] ETH outperforms BTC with a rally of over 2%. GRT gains 44% for the week as AI coins gain interest. Optimism boosted by Layer 2 transactions. ETH Ethereum was higher this week by 2.25% as investors turn to the next upgrade for the project. ETH Price Index Ethereum has recently seen a pick up in on-chain activity, as investors turn their attention to non-fungible tokens (NFTs). This has been sparked by the launch of a mini-game by Yuga Labs, creators of the Bored Apes collection. Daily fees on Ethereum have more than doubled since the start of the…
[ad_1] BTC shrugs off Genesis with 9% gain. HBAR sees a rise in TVL. AXS gains but selling could come with token unlock. MATIC governance disappoints. BTC The Bitcoin price extended a recent rally to test the $23,000 level. The world’s largest cryptocurrency by market cap was higher by 9% for the week. BTC Price Index The bullish move in BTC came despite the bankruptcy of the Genesis crypto lending platform. The company is the latest victim of the FTX exchange collapse and ran into problems after having $175 million locked up in FTX. Genesis first ran into problems…
[ad_1] BTC blows out $500m shorts. MANA adds big gains on Clear Channel news. SHIB readies for Shibarium L2. Binance moves to custody solution. BTC Bitcoin was able to retake the key $20,000 level with a 20% rally for the week. Softer U.S. inflation data gave investors hope that the Federal Reserve is done with its interest rate hikes and that lifted commodities and risk assets. The move higher in Bitcoin was exacerbated by a squeeze of short positions with nearly $500 million in shorts liquidated since Friday. That was the biggest wipeout of shorts since October 2022, data…
[ad_1] ETH rallied 10% as crypto market bounces. SOL a top-performer but can it survive? GALA rallies on deal with The Rock. APT heads for top 50. ETH Ethereum rallied 10% as the crypto market mounted an early-year rally. ETH Price Index The world’s second-largest cryptocurrency was able to outperform the 3.5% rally in Bitcoin. A lot of optimism surrounds the bounce in some of the coins that were beaten down in the bear market. However, some of the gains are likely down to tax-loss harvesting- a scheme where investors can sell their cryptos at a loss in December…