Author: hotcrypto

What happened The intense selling pressure we saw ending the trading week for stocks continued into the weekend in the crypto market. Three of the top 11 tokens by market capitalization, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) showed negative 24-hour returns of 5.1%, 8.4%, and 9%, respectively, as of 5:30 p.m. ET. Capital outflows have led to spot price declines across most major cryptocurrencies, as investors take a risk-off approach to all assets. This week’s move higher in U.S. Treasuries signaled the bond market is pricing in a near-certain Fed hike in March. This led growth investors to sell off anything remotely speculative,…

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the optimism for growth and prosperity lies. Read on to hear about the most impactful DeFi stories of the last seven days.What you’re reading is the shorter, snappier version of the newsletter. For the full roundup of DeFi developments across the week delivered directly to your inbox, subscribe below.Secret Network offers $400M community fund schemeSecret Network, a privacy-oriented layer-one blockchain, announced the launch of a $400 million funding pot this week…

Looking at some of the best performers to date, Fool.com contributor Chris MacDonald and The Motley Fool’s Eric Bleeker discuss why Uniswap (CRYPTO:UNI), Chainlink (CRYPTO:LINK), and NEAR Protocol (CRYPTO:NEAR) have each outperformed Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). This discussion took place on the Jan. 5 episode of “The Crypto Show” on Backstage Pass. Eric Bleeker: With that, let’s look at some recent price activity. In the past seven days, we have Bitcoin down 1%, Ethereum up 2.5%. We do have some notable standouts: Uniswap is up 11%, Chainlink which on the last show that we had before the holiday break, you had featured Chainlink as one of your favorite ideas for 2022, and…

A new “crypto winter” could be around the corner after a huge crypto price crash has wiped $1.5 trillion from the combined cryptocurrency market—hitting bitcoin, ethereum, BNB, solana, cardano and XRP hard. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price has this week fallen to levels not seen since July last year, losing 20% over the last week and dropping to half its all-time high of almost $70,000. Other top ten cryptocurrencies ethereum, BNB, solana, cardano and XRP have all lost between 20% and 30%…

With cryptocurrency being the talk of the town, people are trying to explore the space as easily and seamlessly as possible. Any amount of volatility scares the average investor, which is why fixed-income assets like bonds have so much capital allocation towards them.  Some new crypto projects have caught on and employed new marketing tactics to target people who don’t want to risk their hard-earned capital. One of the main means is through airdropping: acquiring crypto without buying it.  Sounds too good to be true, right? This article examines how crypto users are getting thousands of dollars for free. Cryptocurrency…

Image source: Getty Images There are a lot of potential cryptocurrencies that aren’t yet among the highest valued in the industry. However, many would agree that the largest and most dominant cryptocurrencies in the top five all deserve to be there and are all some of the best to buy for the long run. Excluding stable coins, which are pegged to the U.S. dollar, the top five cryptocurrencies by market capitalization are Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Binance Coin (CRYPTO:BNB), Cardano (CRYPTO:ADA), and Solana (CRYPTO:SOL). And although each of these cryptocurrencies has a dominant position and each accounts for at least…

And it’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the last 24 hours, and was trading at $35,479 as of 9:30 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted over 20% since the beginning of the year. In November it was trading at a record high of $68,990. Its peers have fared worse. Ethereum, the world’s second most valuable cryptocurency, has fallen more than 12% in the last 24 hour, and was trading at around $2,400 as of mid-morning Saturday, according to…

A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports. The VC company, which focuses its investments on tech-related companies and has more than $28 billion in assets, is seeking $4.5 billion dollars to invest in two different crypto-related funds this year.A16z to Double Down on CryptoAccording to people briefed in the exploratory meetings to complete this fund, A16z will be seeking $3.5 billion to invest in a new cryptocurrency fund and $1 billion to power another fund directed for seed investments in early-stage startups.The company is reportedly scouting different participants for support to acquire these…

Yes, the argument Bitcoin is a form of “digital gold” is falling apart. As the world’s largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold.  Cryptocurrencies have plunged alongside equities in a rocky start to the year amid tighter-than-expected monetary policy, whereas gold — often heralded as a store of value and an inflation hedge — has steadily traded upward this month at 0.3% Gold tends to be a low-volatility instrument, according to Steve Sosnick, chief strategist at…

Bearish Solana, Cardano, Matic, Avalanche, Litecoin, While Bitgert & Centcex stays stable by Analytics Insight January 22, 2022 This article features the latest updates on the performance of cryptocurrencies like Solana and CardanoThe crypto market has been very bearish by the end of the third week of 2022. After months of bullish growth, Bitcoin dropped back to a price last seen in July 2021. This is one of the biggest drops in a while. The crypto market, in general, has been hard hit by this price plunge. But some cryptocurrencies managed to withstand the pressure and remained stable while the…