Author: hotcrypto

Bitcoin prices declined to trade below the $36,000 level after the Federal Reserve held the interest rate at near zero with sights of increasing the rates to beat inflation. The world’s largest cryptocurrency was trading over 5% lower at 35,940. Bitcoin is still comfortably above the $33,000 level it breached on Monday, which was more than 50% off its November peak. Meanwhile, the global cryptocurrency market capitalisation today was down 4% to $1.71 trillion, as per CoinGecko, dragged by the continuous fall in crypto prices. “The daily timeframe continues to traverse within the descending channel pattern. The next support for…

Ontario, Canada, Jan. 27, 2022 (GLOBE NEWSWIRE) — Ontario, Canada / EarnableFi ($EFI) the coming of age GameFi and Defi 3.0 ecosystem had a grand launch on 26th January on the Ethereum network. The project has surged 100X right after listing and looks set to continue its momentum because of its innovative and futuristic ecosystem. EarnableFi intends to be the GameFi & Defi 3.0 ecosystem’s flagship utility token, designed for mass adoption on the Ethereum Network and passive revenue production for the ecosystem to reward its holders in various ways. The EarnableFi community members will transform the crypto world by…

BaksDAO, the developer of the stablecoin BAKS that functions on BSC blockchain and on fully decentralised autonomous organisation (DAO) principles, has announced the launch of its platform.Berlin, Germany, Jan. 26, 2022 (GLOBE NEWSWIRE) — BaksDAO, the developer of the stablecoin BAKS that functions on BSC blockchain and on fully decentralised autonomous organisation (DAO) principles, has announced the launch of its platform. The BaksDAO key mission is to make the DeFi market easily accessible to anyone regardless of the level of technical knowledge. Multiplying cryptocurrencies safely and easily while holding them — this is the market demand that the platform satisfies.On…

Decentraland price at an inflection point. MANA completed a 50% logarithmic retracement, fulfilling conditions for a new floor to target new highs. $2.50 is the critical resistance zone to break above to initiate a new bull run. Decentraland bulls have been thirsty to repeat the rally it experienced in October 2021.   Cardano price is struggling performance-wise when compared to its peers. As a result, Bitcoin, Ethereum, and a good chunk of the altcoin market have moved into positions that precede a bullish reversal. Cardano, however, has yet to display that kind of price action – but it may very soon.…

What happened This week, Ethereum (CRYPTO:ETH), Bitcoin Cash (CRYPTO:BCH), and Litecoin (CRYPTO:LTC) each saw impressive gains. These tokens appreciated between 20% and 47% at their intraday weekly highs. Indeed, in the crypto world, such moves aren’t necessarily surprising. However, the common catalyst driving these three cryptocurrencies higher may be worth looking at. The catalyst in question happens to be a key announcement from AMC Entertainment (NYSE:AMC). The theater chain announced in September that the company would soon accept these three cryptocurrencies at theaters across the country.  Image source: GETTY IMAGES. However, via a tweet on Thursday, AMC CEO Adam Aron pointed out that these three cryptocurrencies are available right…

While Europe’s first bockchain-based bank BENKER was launched today, YouTube has said it will help creators to use emerging technologies like non-fungible tokens (NFTs). Major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), fell on Thursday after rising for two days. The global crypto market cap declined by 2.45 per cent to $1.62 trillion after rising for two straight days. The crypto trading volume, however, rose by 22.62 per cent to $103.97 billion. This might indicate that investors are cashing out their past gains. While prices of the world’s oldest cryptocurrency, Bitcoin, remained steady over the past two days, today it…

A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or even exceed a $20 trillion market cap within the next 10 years, which would equate to a price around $170,000 to $180,000 per ETH.The report also predicted big things for Bitcoin (BTC), saying it is “likely to scale as nation-states adopt (it) as legal tender… the price of one bitcoin could exceed $1 million by 2030.”ARK Invest is a tech focused American asset management firm based in the United States with $12.43 billion AUM.#BigIdeas2022 Report is here! To enlighten investors on the impact of breakthrough technologies…

The cryptocurrency market shed its gains on Thursday to trade lower following rate hike signals by the Fed at its next meeting. The central bank would steadily remove support for the economy in order to fight high inflation. Barring the US dollar-pegged stable coins, all other major digital tokens were trading lower during the trade on Thursday. The world’s biggest and best-known cryptocurrency was trading 4.59 per cent lower at $35,919.99 on Thursday morning, according to CoinmarketCap.com.Meanwhile, the global cryptocurrency market capitalisation today was down 4% to $1.71 trillion, as per CoinGecko, dragged by the continuous fall in crypto prices.“The daily timeframe continues to traverse within…

Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not resumed accepting bitcoin payments but now accepts the meme cryptocurrency dogecoin (DOGE) for some merchandise. Tesla Did Not Sell Bitcoin in Q4 Tesla released its Q4 and FY2021 financial statements Wednesday. The company’s unaudited balance sheet shows net digital assets of $1.26 billion at the end of December last year. This amount is unchanged from the third quarter. Tesla’s unaudited balance sheet showing digital assets. Source:…

Litecoin (LTC) gets a neutral rating from InvestorsObserver Wednesday. The coin is up 3.83% to $110.97 while the broader crypto market is up 4.86%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Litecoin over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term…