Author: hotcrypto
Bitcoin tried its hand at decisively reclaiming $44,000 but failed and sits just below it as of now. Most altcoins produced more significant gains, with the two largest memecoins leading the pack. Dogecoin and Shiba Inu are both up by around 13% on a daily scale. Bitcoin’s New Weekly High Last week finished on a bearish note as bitcoin’s correction drove it from $48,000 to around $41,000 in days. The landscape worsened on Monday as the cryptocurrency fell below $40,000 for the first time since September in another volatile move south. However, it bounced off immediately and recovered more than…
When you hear the words “cryptocurrency success story,” Shiba Inu may come to mind. That’s because the young crypto player soared 45,000,000% last year and is now the 14th largest by market value. But I’m not convinced Shiba Inu has what it takes to beat or stay ahead of rivals. Many others have more real-world utility and offer something that helps them stand out from the crowd. I’m not expecting rivals to replicate Shiba Inu’s quick jaw-dropping gain. But over the long run, some players offer bigger potential for a lasting increase. And that’s a much better deal for long-term…
Interestingly, the crypto fear and greed index plunged by a point over the past day while the market entered into the green zone. This reading meant that the recovery still failed to alter broader sentiment. MATIC saw a double-digit recovery from its 11-week Point of Control and reclaimed the 61.8% level. Further, Cosmos and Bitcoin Cash crossed their near-term SMAs but failed to ramp up convincing volumes. Polygon (MATIC) TradingView, MATIC/USDT After striking its ATH on 27 December at $2.92, MATIC withdrew and registered a 34.7% decline until it poked its monthly low on 8 January. The fall tested the…
Top Cryptocurrency News Today – Bitcoin, Ethereum, Shiba Inu, Dogecoin, Binance coin, Bitgert & Centcex by Analytics Insight January 13, 2022 Here is what’s happening in the market today regarding the top cryptocurrencyThe cryptocurrencies market got a breather this week, with most of the crypto coins now in recovery mode and doing very. Even though the total crypto volume has dropped, the global market cap has risen. But the market appears vibrant today, and bigger surges in price are expected going forward. So what are the top cryptocurrencies like today? Here is what’s happening in the market today regarding the…
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Files from Tom Li Kim Kardashian and Floyd Mayweather are facing a class action lawsuit over crypto promotions, Mozilla will track how Facebook tracks its users, and a coalition of fact checkers are accusing YouTube of spreading fake news. That’s all the tech news that’s trending right now, welcome to Hashtag Trending. It’s Thursday, January 13, and I’m your host, Samira Balsara. Kim Kardashian and Floyd Mayweather sued by investors over alleged crypto scam from technology TV star Kim Kardashian and boxing legend Floyd Mayweather are facing a class-action lawsuit for inflating the price of a cryptocurrency they were paid…
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative Effects of Crypto Tax Representatives of parties from various corners of the political spectrum in Thailand have shared their disagreements with the government’s plan to tax gains from cryptocurrencies. The reactions come after recent reports revealed that the Finance Ministry in Bangkok intends to introduce…
Jaime Rogozinski discusses if the meme stock madness will continue on ‘The Claman Countdown.’ Retail-trading platform Robinhood Markets Inc. doesn’t plan on spending significant amounts of corporate cash on crypto-assets anytime soon, despite growing demand from its users for such investments, Chief Financial Officer Jason Warnick said. Speaking at The Wall Street Journal’s virtual CFO Network Summit on Wednesday, Mr. Warnick said, “There aren’t compelling reasons strategically for our business to put any meaningful amount of our corporate cash into cryptocurrencies.” His comments echo those of other finance chiefs—including Twitter Inc. CFO Ned Segal —who said they worry about the…
As the broader sentiment improves, the king alt recovered from the 61.8% Fibonacci support and crossed its 4-hour 20-SMA. On the other hand, Terra jumped above its 20-50-200 after clawing back to its 38.2% support level. Although Ethereum, Shiba Inu and Terra noted double-digit gains from their long-term supports, they needed to back it up with enough volumes to confirm a strong move. Ether (ETH) TradingView, ETH/USD After poking its 15-week low on 10 January, ETH rebounded from the 61.8% Fibonacci support and grew by over 10.7% in the last two days. ETH upturned after the price bullishly diverged with…
Popular crypto trader Michaël van de Poppe says one enterprise-focused altcoin might be nearing a price zone that could make for an effective entry. Van de Poppe tells his 556,100 Twitter followers that VeChain (VET) is “looking at some massive opportunities.” VeChain is a cryptocurrency and blockchain platform built for enterprise solutions to help companies optimize their supply chains. Van de Poppe said on Monday that $0.075 would act as a “trigger” for VET. The 35th-ranked crypto asset by market cap has already surpassed that level since he published his video and is trading currently at $0.077535. It’s up 4.56%…