Price Analysis

Yesterday, the price of Bitcoin dropped below $40,000 despite the positive news that has been flocking the crypto space. Jack Dorsey even made an announcement teasing that he would make a bitcoin payment plan. However, despite the opportunity to buy that the dip has provided for buying, bulls are hesitant to do so. On the other hand, long-term holders continue to accumulate. Why the Price Dropped The price of Bitcoin has not recovered despite continuing claims that Wall Street banking…

A new animal-based crypto project is raising excitement within the meme coin market. Orange Cat Token ($OCAT), the cat-themed coin, is currently one of the most popular and fastest-growing animal coins on offer.  In a tweet highlighting this feat, it has teased a Cat Vs. Dog war. The Dog refers to the Elon Musk-backed meme coin Dogecoin (DOGE). OCAT is looking to depose DOGE as the most preferred animal coin. $OCAT's 3000% Pump The project has a unique offering and…

The price of Bitcoin fell as much as 30% Wednesday, continuing a significant sell-off in the cryptocurrency markets that began a few days ago. The digital currency declined as low as $30,001.51 as the selling intensified before paring some of those losses. The cryptocurrency hasn't traded at such value since late January. Elon Musk drama and China Banking Association warning member banks of risks associated with digital currencies have contributed to the plunge. However, analysts say that over-leveraged positions being…

Yearn Finance price of leading cryptocurrency is up nearly 45% in 24 hours, and it appears to be thanks to the team’s new dog token offering a bi-directional peg to YFI. YFI attained a new high of over $78,000 around 14:30 coordinated universal time (10:30 a.m. ET) and was near $74,500 at press time. A developer formed a dog token known as Woofy. The token is swappable for YFI tokens on a million-to-1 basis. WOOFY’s exclusive obligation is to offer…

The recent trend of big-money traders and institutions investing billions in cryptocurrencies has led to a sudden spike in their values. However, the mounting interest in crypto has sparked a major correction to take the steam off the hot market, with investors currently scrambling to close or top up their positions. According to David Lifchitz, CIO for trading firm ExoAlpha, the entire crypto space was likely to face intense turmoil due to the overheated market conditions. That retracement came on…

Bitcoin has spent nearly two full years raising between $ 3,000 and $ 10,000, but after breaking through that range, the cryptocurrency has quadrupled in just a few months. Bitcoin price has been consolidating for several weeks, but no further continuation or adjustment has been in the making yet. In recent days the bulls have started to regain their momentum, but they still face obstacles to overcome before they could begin any major uptrend. Bitcoin Price Above 40k BTC gained…

Cryptocurrencies have always been known for their infamous use among darknet market platforms. According to a report from Chainalysis, Crypto darknet revenue hit a new record of $1.7 billion in 2020.  Eastern Europe Dominates Darknet Crypto Transactions This new record comes as individual purchases from darknet markets reduced from 2019 to 2020. This could be attributed to the Covid-19 pandemic that led to a global shutdown of movements in the early parts of 2020. The $1.7 billion revenue generated in…

 The crypto market has experienced a major dip today, with most coins currently in the red zone. This dip is emphasized by the leading currency Bitcoin, which is closing in on the $35,000 support levels. Bitcoin nears $35k The bullish run of Bitcoin has been the talk of the crypto community in recent weeks. However, this week has not been the best for the leading coin, which has failed to make significant gains. Bitcoin has hovered around $36,000 and $38,000…

 German real estate group Vonovia has revealed that it has issued a $24 million bond via the Stellar (XLM) blockchain. This initiative was also driven by the recent approval of a bill in the European country that authorizes digital securities' issuance. $24 Million Digital Bond on Stellar Network Vonovia revealed details of the digital debt bond via a press release on its website. According to the report, the $24 million worth of digital bonds will be issued on Stellar blockchain…