Published 4 hours ago The EOS/USDT pair struggled to surpass the $1.413 supply zone over the past three months and formed a range-bound rally. However, this consolidation phase shaped into an inverted head and shoulder pattern, indicating a recovery opportunity for coin holders. After a minor correction, the price shows another attempt to reclaim the $1.41 mark.
After concluding last week on a bearish trajectory. XRP’s bears have gone for a recess. However, its press time position seemed to flash mixed signals that investors should consider before making the next move. XRP’s crash last week ended right on its 2-month ascending support line. Although bullish recovery is anticipated around the support level, XRP’s price action registered some upside as it appreciated to $0.34 on the charts. This was evidence of the prevailing uncertainty regarding whether the market...
As per the latest reports, crypto exchange FTX had a crazy year in 2021 garnering more than a billion dollars in revenue. On Saturday, August 20, CNBC got access to the internal documents of the company giving them a glimpse into the company’s audited financials. As per the CNBC report, FTX’s revenue soared more than 1000% last year from $89 million to $1.02 billion. FTX’s operating income in 2021 jumped to $272 million, up from $14 million a year ago...
Published 1 hour ago The recent correction phase in the crypto market assisted sellers in completing the bear cycle within a broadening channel pattern. As a result, the CAKE price plugged back to the bottom trendline to replenish the bullish momentum. If the buying pressure surpasses the negative market sentiment, the CAKE price could recover to $5.
The downfall of the NFT market in recent weeks has been well-documented. Some market sceptics have even gone on to say we are currently in the midst of a “likely first NFT bear market”. One blockchain expert claims that NFT floors are likely to fall as a result of Bend DAO liquidation. He further says that the “NFT market is dry rn (right now)”. This is evident in the fall of BAYC’s...
The infamous crypto legal battle continues to drag on after both the SEC and Ripple legal teams filed new motions. Both parties submitted their own redactions as opposed to Exclusion Motions as of 19 August. This comes after last week’s beating on the part of the SEC. The SEC was ordered by the court to submit all the Hinman speech materials as they depict relevant objections regarding the decision.
Published 1 hour ago The FIL price resonated within the symmetrical triangle portion of the pennant pattern for the past three weeks. The sellers triggered a bearish breakdown from this pattern in response to the recent sell-off in the crypto market. The resulting downfall plunged to $6.3 support, which has temporarily halted the current correction.
BAYC (Bored Ape Yacht Club) is one of the most notable NFT collections within the crypto space. NFTs have gained traction in recent years, as several celebrities such as rapper Snoop Dogg show increasing interest in them. People purchase NFTs with the hope of gaining complete rights to the tokens. However, a recent Galaxy Digital Research shows that might not be the case most of the time.
Optimism’s native token OP witnessed a sharp decline of 10% during the intraday trading session on 17 August. The decline came as a result of a bunch of rumors that Optimism’s multisignature wallet had been hacked. When you decide to move $450 million onchain without telling anybody why pic.twitter.com/l6lCkBUt8H — foobar (@0xfoobar) August 17, 2022 The hack scare occurred after the L2 blockchain’s multisignature wallet posted a suspicious...
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