• Bitcoin has not reacted negatively to the news of Genesis filing for bankruptcy, suggesting that the price of the asset is where it is supposed to be. • This lack of negative movement from bitcoin could cement the digital asset’s path to the upside in the coming weeks. • For bitcoin to trigger another […]
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Polkadot Soars 8% in First Week of 2023, 550+ Projects in Development
• Polkadot (DOT) has had a strong start to the year, rising 8% in the last seven days. • On-chain activity on the Polkadot ecosystem is booming, with over 550 projects running or in development. • Polkadot has scored major partnerships with NTT Docomo and Square Enix, further strengthening its Web3 infrastructure. Polkadot (DOT) has […]
Ripple’s Legal Battle With SEC Looms Large Over XRP’s Future
• Ripple is currently in a court battle with the SEC regarding the classification of XRP. • Whale activity on the market is putting downward pressure on XRP. • Brad Garlinghouse is optimistic that 2023 will bring regulatory clarity for crypto in the US. The crypto space has been abuzz following an ongoing legal battle […]
Bitcoin Exchange Deposits Drop to 4-Year Low, Is the Bottom Here?
• Bitcoin exchange deposits have dropped to a 4-year low, suggesting that the bottom of the market has been reached. • The “exchange depositing transactions” metric measures the total number of Bitcoin transfers that are sent to centralized exchanges. • Low values of this indicator suggest that not many investors are applying selling pressure right […]
Bitcoin Investor Sentiment Stagnant as Prices Struggle to Break $16,000
• Bitcoin investor sentiment has reached a standstill as the digital asset struggles to break out of the $16,000 level. • The crypto Fear & Greed Index has been unable to break out of the fear territory and continues to maintain a score between 26-30. • Sell sentiment has not been as strong as expected, […]
Polygon (MATIC) Downward Spiral Continues, Loses 6% in a Week
• Polygon (MATIC) has been on a downward spiral for the last couple of weeks, losing 4% of its value in the last 24 hours and 6% in the last week. • The coin has breached several price floors and the most important price floor currently stands at $0.74. • The market capitalization of MATIC […]
Public Crypto Companies Suffer Huge Losses in 2022, Mining Firms Hit Hardest
• Bitcoin had negative returns of around 65% in 2022, but public crypto companies did even worse. • Coinbase, the popular crypto exchange, had a drawdown of 87%, while Core Scientific, one of the biggest Bitcoin mining companies, recorded a drawdown of 99%. • Most of the major public mining firms saw drawdowns of 90% […]
Bitcoin Predicted to End 2023 Higher Despite Flat Range in Year Ahead
Bulletpoints: • Bitcoin had a year-to-date performance of -65% in 2022, the second-worst year since 2011. • Physical gold outperformed digital gold, Bitcoin, due to high inflation. • Arcane Research predicts that Bitcoin will trade in a mostly flat range in 2023, but finish the year with a higher price than it started. In 2022, […]
Solana Plunges 20% After FTX Implosion, Needs New Support
• Solana has been on a downtrend since the implosion of the FTX crypto exchange, losing more than 20% of its value in the last 7 days alone. • The collapse of FTX, the asset’s biggest supporter, has caused a lack of faith in the digital asset and put added pressure on its price. • […]
Crypto Predictions for 2023: Money Laundering, SEC Pressure and More
• Gabriel Shapiro, a US attorney with more than a decade of experience, has made predictions for the coming year 2023 in terms of US crypto law. • He predicts that there will be a money laundering issue related to cryptocurrencies uncovered on a national level. • He also suspects that, under regulatory pressure from […]