Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto Trading
How to Profit When Crypto Prices Hit a Resistance Level
Crypto enthusiasts can take advantage of several technical indicators in the crypto realm and make a significant profit. One indicator that has proven worthwhile is the resistance level, which can result in huge profits for crypto traders when tweaked correctly. Interestingly, newbie traders can utilize the Fibonacci extensions to forecast potential resistance levels. For example, it can predict a resistance level will advance and reach the 161.8% or 261.8% Fibonacci resistance levels and then retract. The resistance level is a…
4 years ago
How to Minimize Risks When Trading Digital Assets
The cryptocurrency revolution is moving full-steam ahead with increasingly global acceptance. For instance, India has seen its residents invest over $191.7 tonnes of gold in Q3 2022. That's $11.8B worth of gold! That figure is even more impressive when it grew from nearly $923 million in April 2020. Today, trading in digital assets is no longer available only to a handful of geeky investors worldwide. Instead, many see the rise of DeFi and the increasing popularity of cryptocurrencies as a…
4 years ago
Beginner’s Guide To Bitrue – Get More Features from Your Exchange
Bitrue is a digital asset management platform that combines the benefits of a decentralized ecosystem with the convenience of a centralized exchange. The protocol enables users to buy, sell, trade, lend, and stake an array of digital assets with ease. As such, the network continues to expand its market position. Notably, Bitrue currently has over 4 million users. What Problems Does Bitrue Solve? The developers behind the Bitrue concept sought to reduce or eliminate a variety of issues faced by…
4 years ago
Major Role of Blockchain in Development Economics
We have all seen the unimaginable get unlocked by blockchain technology. I mean, from the overnight millionaires of crypto trading to virtual assets, NFTs, selling for millions of shillings on auctions. Blockchain technology finds use cases in almost all industries and always makes remarkable impacts. At first, the focus was on the financial sector, but it's now evident that the world's future is blockchain. So today, let's see what blockchain technology has for development economics. Understanding Development Economics Economics is…
4 years ago
Interdealer Broker TP ICAP Joins Consortium to Launch Crypto Trading Services
Per a June 29 Reuters report, TP ICAP, the world's largest interdealer broker, has partnered with Standard Chartered and Fidelity Investments to launch a crypto-trading platform. The venture, which awaits approval from the U.K.'s Financial Conduct Authority, will integrate connectivity and a post-trade structure into a network of crypto-asset custodians. The TP ICAP-led consortium consists of StanChart's digital custody unit (Zodia), Fidelity Digital Assets, and Amsterdam-based Flow Traders. Zodia and Fidelity will act as crypto asset custodians, while Flow Traders…
4 years ago
Crypto Community Relieved after RBI Clarifies Crypto Trading Isn’t Prohibited
The cryptocurrency investment community was relieved late on Monday after the Reserve Bank of India told banks not to cite a 2018 central bank circular as a reason to set back crypto trades. The 2018 note had forbidden banks from facilitating such transactions but has since been abolished by the Supreme Court. The regulatory body said that banks must continue with other routine due diligence measures on the deals. The RBI order comes after local media reports that financial firms,…
4 years ago
3 Reasons Why Social Trading Could Be Best for Stocks Than Cryptocurrencies
As an investor, many benefits are enjoyed following the lead of successful experts from all over the globe. Trading platforms have made it easier with features like the best Trading tool to track top investor moves. Based on this understanding, social trading is an improved way of modern trading that offers instant and constant access to a vast pool of information. Other users can share their trading strategies, and newbies can benefit from this since they can place trades without…
4 years ago
A Guide to The Put-Call Ratio Indicator as Used in Crypto Trading
Making a trade, especially in stock bourse and cryptos, may come across various specialized trade terminologies. The put-call ratio indicator is a relatively common terminology in trading circles. Investors use it to weigh the market's mood, determining if an investor will buy or sell his/her digital assets. It may also use to forecast the market direction when deeply assessed. The article shall highlight what the put-call ratio indicator stands for and the various ways during crypto trading. What is the…
4 years ago
How to Use Relative Strength Index(RSI) in Crypto Trading
As a cryptocurrency investor, it is essential to leverage every tool available to maximize profits. However, price evaluations can be difficult to predict, particularly in the cryptocurrency market, with over 20,000 cryptocurrencies. The Relative Strength Index stands as one of those solutions a crypto trader needs, which operates as an indicator that measures the price change of an asset. The momentum oscillator is a brilliant formula from John Welles, who sought to introduce a visual representation of market shifts. RSI…
4 years ago