Yesterday, all US equity indexes reached record highs.
Welcome to the Weekender: Your weekly round-up of all the news stories shaping the crypto landscape, as voted by our readers' clicks. This week's top click was the news the JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services.
Last week started painfully, with most indexes falling because of covid variant spreads and fears.
On Sunday, Bitcoin posted its fourth negative difficulty adjustment in a row. The difficulty rate has almost halved since mid May.
On the day in which we witnessed the opening ceremony of the Olympics, which only comes around every 4 (well.... 5 years), Bitcoin rallied for a 3rd consecutive day, holding $31,000 and $30,000 as support and targeting $36,000. Bitcoin's 24-hour high was $32,915 and 24-hour low, $31,708.
Bitcoin rallied for a second day in a row as the critical $30,000 level held, fueled by a rise in U.S. stocks, just as the Dow Jones rose 286 points (0.83%), and the Nasdaq a composite 0.9%. The 10-year treasury yield rose 7 basis points to 1.28%, continuing Monday's Covid fear rally.
Tech shares rose yesterday with better-than-expected earnings results, bolstering investors’ sentiment and helping most equity indexes edge higher.
MATIC, the native token of the Polygon platform, has been one of the best-performing coins of 2021, with an overall increase in value of over 12,000%. What's more, the price spike isn't a result of speculative capital at play, rather an increase in adoption by Polygon's core users.
On Monday, equities fell sharply, spooking investors globally.
In our exclusive AMA with ICO Pantera, Korea's leading growth accelerator, CEO @RichardByworth answered questions about EQONEX's recent milestones and the roadmap ahead.
Bitcoin has continued to trade towards the lows last seen in June. The 3.5% drop seems to be a daily occurrence at the moment as the nervousness in the market builds. Stocks, namely the Dow Jones, have suffered their worst day of 2021, as earning season reveals that the expected bounce back from removal of global lockdowns is muted.
Yesterday, BTC fell below $30,000 but, unlike the previous times, it didn’t immediately bounce back up.
Following yesterday's rally in the Dow Jones and S&P 500, today's Bitcoin price action offered a glimmer of hope to investors.
Blockchains. DeFi. Cryptocurrencies. Consensus algorithms. These are terms that you may have heard of in recent months, and with the recent boom in Decentralized Finance, have piqued investors’ interests. How does this obscure piece of technology work, and how can you benefit from it?
“Change is the only constant in life.” Heraclitus 500BBC. (Before Bitcoin – are you even a maximalist if you haven’t updated your calendar?)
Last week was the first strong negative week in the second half of the year.
Welcome to the Weekender: Your weekly round up of all the top crypto stories, as voted by our reader's clicks. This week, ‘power’ was front and centre of your interest, with the news that nuclear and fossil-fuel based power generator Energy Harbor Corp has partnered with bitcoin mining hosting provider Standard Power, taking the top slot.
On Monday, Sotheby's sold a 101 carat diamond for $12.3 million in crypto, making it the most expensive gem ever to be purchased with cryptocurrencies.
Traditional markets feel… toppy? From many angles or data points, a lot of assets are overextended or at high valuations.
Bot trading has been a contentious topic in the crypto community for several years, with some suggesting algorithms have unduly inflated or depressed prices, or caused volatile price swings.
We're pleased to have Jaynti Kanani, CEO of Polygon, join us for an exclusive fireside chat to discuss Polygon's vision, roadmap, and why its listing on EQONEX matters.
Inflation expectations in the US have jumped to 4.8% for the next 12 months. This is hardly surprising given the fed jacked up M1 money supply by 30% in the last year. Consumer debt levels are racing higher, the fed will hope this is due to pent up demand, because the alternative reason (people borrowing money to stay afloat) spells disaster for the predicted recovery.
Yesterday, trading of risk assets was mostly mixed—again.
Bitcoin has fallen nearly 4% today, with the lower end of the trading range facing a fresh test of the bulls' resolve. Trading ranges, and especially Bitcoin trading ranges, stir strange emotions when prices reach the outer edges. The fear of a break out to the downside, or the hope of a rally to a new price point, make the support and resistance levels of ranges far more exciting than when prices are stuck in the middle and everyone is mildly bored.
EQONEX is pleased to announce another new exchange listing: Chainlink’s LINK token.
EQONEX is pleased to confirm another new token listing: GRT.
The S&P reached new records while the Dow and the Nasdaq came inches away from beating their all-time highs.
Day 17 of the $32,000/$36,000 Bitcoin trading range: Bitcoin moved lower today for a brief moment. The end.
Welcome to the Weekender: Your weekly round-up of the top stories from across the crypto world, as voted by our readers' clicks! This week, the most-clicked article reported that the US financial regulator FinCEN has hired its first-ever chief digital currency advisor.
2020 and 2021 marked the arrival of financial institutions into the crypto space. We celebrated, we cheered. But we forgot one thing: The people who work at these giants of finance love a summer holiday. If you have ever traded within traditional markets, you'll remember that August is even worse than July.
Over the weekend, Valkyrie, a crypto asset manager, raised a $10 million series A round.
Tokyo will probably ban fans from attending the Olympics due to fears of the covid delta variant. And it’s not just Japan that’s feeling bad.
On the simplest level, cryptocurrency mining is the process of adding new transactions to a Proof of Work blockchain, for which the miner receives a cryptocurrency reward.
Bitcoin has spent another week within the confines of a tight trading range. Personally, I still expect this to be the story that I repeat until the end of summer.
Bitcoin remains in a tight range, with prices mildly firmer today as the bulls look to run the market up to resistance at $36,400 from the current $34,500 level. The long sideways summer is likely to continue, with oscillations from one end of the range to the other.
Yesterday, as markets in the US reopened after independence day, we saw some pretty sharp moves take place.
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