Author: hotcrypto
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden administration is reportedly preparing to release an initial government-wide strategy on digital assets, including cryptocurrencies. The strategy is being drafted as an executive order, Bloomberg reported Friday, citing people familiar with the matter, who revealed that senior administration officials have held multiple meetings on the plan. The finalized executive order is expected to be on…
Investors are becoming more bullish on cryptocurrency. In June 2021 a survey showed that 10% of U.S. adults were willing to invest in crypto assets, according to eMarketer. But that figure has more than doubled since then, reaching 24% in December 2021. Interestingly, the same report suggests that U.S. investors are less interested in traditional stocks, as the percentage of U.S. adults willing to invest in equity markets fell from 90% to 76% over the same period. Of course, that’s great news for crypto investors, because rising demand should translate into higher prices. Moreover, in light of the latest volatility…
New data shows that the majority of Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) holders are now nursing losses as the crypto markets continue to sell-off. Crypto insights firm IntoTheBlock looks at wallets with a Cardano balance, identifies the average purchase amount of the coins and compares the figure to the current price of ADA to determine which holders are currently underwater. A holder is underwater or “out of the money” if the average purchase amount is greater than the current price. On the other hand, an investor is listed as “in the money” or in profits if the…
Shiba Inu flashed a bearish inclination while bouncing back from the $0.00002706-level support. Its OBV still kept the bullish hopes alive. Also, Terra saw an increase in its buying power while its RSI crossed the midline. On the other hand, VeChain continued its bearish outlook after falling below its EMA ribbons. Shiba Inu (SHIB) Source: TradingView, SHIB/USD While the 61.8% Fibonacci resistance stood sturdy, the falling wedge (yellow) breakout failed to bag in returns for the investors. To top it up, the 5 January sell-off saw an over 22% retracement until SHIB poked its three-month low on 10 January. Then,…
Bitcoin is the cryptocurrency with the largest market value in the world, but is still a high-risk, volatile investment, as proven when it dropped below $40,000 on Friday to its lowest level since August 2021.The coin fell as much as 8.7% and over 40% from its record-high in November 2021. Here are 5 investment tips to face Bitcoin’s rough week.1. Invest for the long haulThe volatility of Bitcoin makes its prices rise and fall in dramatic fashion from day to day, urging novice traders to sell when prices are low. For example, those who bought BTCUSD in late 2017 and…
Do you Know Bitgert, Centcex Are Outperforming BabyDoge, Saitama Inu, Safemoon, Floki Inu & Metahero by Analytics Insight January 23, 2022 This article features how cryptocurrencies like Bitgert and Centcex are outperforming othersThe third week of 2022 had a massive cryptocurrency price crash that saw all the largest cryptocurrencies drop by huge percentages. For the first time in many months, Bitcoin dropped below $40k and traded at $34k. But there are some coins that outperformed most of these large coins and remained stable throughout the crash, while others posted growth. Read more Below: BitgertAmong the cryptocurrencies that did so well during…
The cryptocurrency market is known to go through volatile cycles of correction. This past week was one such deep correction with double-digit declines. From a technical perspective, the cryptocurrency market could be headed for a further dip. Bears are pretty active currently. Although it could seem to be a tight spot for several investors, it’s important to understand that true value creation happens during bear phases. Most of the top cryptos would be available at a discount currently. Investing in themes built around ideas could be a prudent approach forward. The largest cryptocurrency by market capitalisation, Bitcoin, climbed up in…
This article looks at the benefits of owning the new Floki Inu ($FLOKI) gemstone NFTs and what you need to do to “earn” one of these NFTs. What Are the New Floki Gemstone NFTS? According to a blog post published by the Floki Inu team on Saturday (January 22), there are three types of new Floki gemstone NFTs on offer: Aurum Gemstone of Truth NFT (“be excluded from fees when using FLOKI products” + “get a unique advantage in the Floki NFT Metaverse Valhalla”) Diamond Mind Gemstone (all of the benefits of the Aurum Gemstone of Truth NFT + “be…
Among the key topics of discussion for investors in recent years has been what the Federal Reserve is up to. As the central bank for the U.S., the Federal Reserve’s policies have real implications on financial markets. Today, it appears a key ISO 20022 update is inviting investors to consider a potential ISO 20022 crypto list of tokens that may benefit from this implementation. Source: Shutterstock According to a recent statement from the Federal Reserve Board (FRB), a new message format will be adopted for the Fedwire Funds Service. The FRB has invited public comment on this proposed move in…
Dogecoin price shows fantastic long opportunity despite crypto bloodbath FXStreet This news is republished from another source. You can check the original article here