The crypto market incurred one of the worst quarter performances over Q2 of 2022. All major cryptocurrencies fell hard during this period. Bitcoin [BTC] and Ethereum [ETH] headlined the steep decline of the state of the crypto market. The fall in asset prices has also resulted in a change in wealth distribution patterns across investors.Continue reading “Short-term scenario of the cryptocurrency market remains bleak: Reports”

The collapse of Terra, 3AC, and insolvency crisis across crypto institutions has sent the market into severe bear tendencies over the course of Q2. Despite gradual recovery during July, the broader market remains tense and vulnerable right now. Bitcoin [BTC] is trading just below $22,900 while Ethereum [ETH] is mounting a massive rebound towards $1,600Continue reading “Crypto winter update: Will the disaster of Q2 continue to cripple Q3 of 2022? “

The crypto exchange, FTX, has decided to help a sinking market player, Voyager. Sam Bankman-Fried, CEO of FTX, offered Voyager a rescue plan that may help the latter save its sinking ship. Voyager halted user transactions on 1 July. However, customers may have a chance to withdraw their funds and get a refund on theirContinue reading “FTX offers sinking ship Voyager a lifeboat; investors to receive a refund on their investments  “

The broader recovery of the crypto market in July has taken a new turn recently. Bitcoin [BTC] is effectively leading the charge with the latest bullish activity. However, suspicious whale movements have raised a few eyebrows in the market that have instilled FUD sentiment in the community. Another day, another drama Bitcoin has been fluctuatingContinue reading “Can Bitcoin [BTC]’s movement above realized price fizzle out based on market sentiment?”

Ethereum [ETH] has shown significant movement in the past week and has shot above $1,550 as of 19 July. However, ETH doesn’t seem to be the only benefactor from the latest Merge update. Another old face from the past is reaping benefits from the news. Ethereum Classic [ETC] has also received a major upward movementContinue reading “Would Ethereum Classic be a replacement for ETH miners after Merge”

Bitcoin [BTC] has been making amends of late especially considering the king coin’s performance in the first half of 2022. BTC, at press time, was trading above the $21k mark after a period of redemption in the past week. The relief rally saw prices move upwards by 10% during the past seven days. But internalContinue reading “Bitcoin: Evaluating if BTC will invalidate its current bullish bias”

The latest hack in the crypto space witnessed a heist of over $375k on the Premint NFT registration platform. The platform has since provided updates on the matter in the aftermath of the hacking. The attacks on NFTs are becoming far more frequent. Just another day at work Co-ordinated hacks are becoming a prominent themeContinue reading “Premint NFT hack and the post-mortem you shouldn’t miss out on”

Ethereum [ETH] crossed $1,500 on 19 July after it last crossed the mark on 12 June. This comes following the massive bull run from the level of $1,100 after the update related to the Merge came to the fore. However, crowd disbelief is evident on social media as shown by the latest on-chain data. Furthermore,Continue reading “Ethereum traders can consider these metrics to avoid losses”

Solana has managed to show positive gains even during the crypto crisis in the second quarter of 2022. While the broader market drawdown has been prevalent across the entire market, Solana has retained users and activity from the previous quarter. The SOL token, however, has fallen well over 64% from its all-time high (ATH) ofContinue reading “Solana: Reasons why SOL holders can celebrate over the weekend”

It is no surprise that Layer-1 chains have shared the carnage during the first half of 2022. Top L1s have been struggling to hold their fort in the current market conditions. These include Ethereum, BNB Smart Chain, and Solana which continue to head L1 chains at the summit. However, BNB appears to have taken theContinue reading “BNB slides further in layer-1 race as ETH, SOL defy expectations”

Polygon has been grabbing the headlines in recent days. Its native token MATIC has been pushing towards the $1 resistance with all force. The development updates on Polygon provided a solid foundation for MATIC to flourish in. Now, on-chain metrics are suggesting that $1 could be the very next target. And upwards we go TheContinue reading “Traders shorting MATIC in current market should read this”

Over two weeks ago, Sorare NFTs were subduing the mighty BAYC collection in daily sales. Now, much to the investors’ excitement, the CEO of Sorare, Nicolas Julia is set to launch the second edition to add to the fanfare surrounding the NFT. The Sorare MLB collection would be launching on 19 July. Now the questionContinue reading “Sorare NFT to release new collection; will this be a hit or miss”