Category: NewsBTC

NewsBTC: Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility?

Solana (SOL) was one of the hardest hit blockchains by the FTX collapse. Even now, more than a week after the initial bankruptcy, SOL continues to buckle under the weight of uncertainty left among its users and investors given Sam Bankman-Fried’s (SBF) heavy involvement in the Solana blockchain. Will SOL continue to suffer or is there a reprieve on the horizon for this digital asset? Solana’s Relationship With FTX Even now, the reason for Solana’s success is largely tied to its FTX/Alameda relationship. There is no telling if the blockchain would still have found the same level of success otherwise...

NewsBTC: Chiliz (CHZ) Records Higher Gains During Market Uncertainty

Popular fan token CHZ has printed substantial gains in the last week as football fans prepare for 2022’s world cup event. As of writing, the token is trading at a 2.20% gain on the day. Plus, its week-on-week chart looks green. Specifically, the 34th largest token by market cap still keeps over 9% gains from last week.  However, the fan-themed token also witnessed a sizeable decrease in trading volume over the past 24 hours. Approximately $571,090,877 worth of CHZ has exchanged hands in the last day, representing a 38% decrease. The token might see more trades soon as the official...

NewsBTC: Chiliz (CHZ) Records Higher Gains During Market Uncertainty

Popular fan token CHZ has printed substantial gains in the last week as football fans prepare for 2022’s world cup event. As of writing, the token is trading at a 2.20% gain on the day. Plus, its week-on-week chart looks green. Specifically, the 34th largest token by market cap still keeps over 9% gains from last week.  However, the fan-themed token also witnessed a sizeable decrease in trading volume over the past 24 hours. Approximately $571,090,877 worth of CHZ has exchanged hands in the last day, representing a 38% decrease. The token might see more trades soon as the official...

NewsBTC: Dogecoin (DOGE) Lost Its Gains Amidst Market Volatility

The alpha memecoin, Dogecoin (DOGE), continues to take effect of market volatility. The coin lost its previous gains following the market downtrends. The fledgling coin BTC printed over a 5% decline in the last week and ETH decreased by around 8%. Similarly, the DOGE token was down over 8% on its week-on-week chart, losing 1.27% on the day. At $0.083, Dogecoin trades dangerously close to its week’s $0.083 floor. Any bearish move may pull it under, losing its substantial gain. Dogecoin, like the rest of the market, tumbled over after the FTX implosion earlier this week. As the top coins...

NewsBTC: Dogecoin (DOGE) Lost Its Gains Amidst Market Volatility

The alpha memecoin, Dogecoin (DOGE), continues to take effect of market volatility. The coin lost its previous gains following the market downtrends. The fledgling coin BTC printed over a 5% decline in the last week and ETH decreased by around 8%. Similarly, the DOGE token was down over 8% on its week-on-week chart, losing 1.27% on the day. At $0.083, Dogecoin trades dangerously close to its week’s $0.083 floor. Any bearish move may pull it under, losing its substantial gain. Dogecoin, like the rest of the market, tumbled over after the FTX implosion earlier this week. As the top coins...

NewsBTC: Bitcoin Now Trading 24% Below Realized Price, How Deeper Can It Go?

On-chain data shows Bitcoin is now trading 24% below the realized price, here’s how much deeper the crypto went during historical cycles. Bitcoin Has So Far Declined 24% Under The Realized Price As pointed out by an analyst in a CryptoQuant post, drawdowns below the realized price have been shrinking with each cycle. A popular capitalization model for Bitcoin is the “realized cap,” which measures the cap by weighting each coin in the circulating supply against the price at which it was last moved. This is different from the usual market cap, where every coin in circulation is simply multiplied...

NewsBTC: Bitcoin Now Trading 24% Below Realized Price, How Deeper Can It Go?

On-chain data shows Bitcoin is now trading 24% below the realized price, here’s how much deeper the crypto went during historical cycles. Bitcoin Has So Far Declined 24% Under The Realized Price As pointed out by an analyst in a CryptoQuant post, drawdowns below the realized price have been shrinking with each cycle. A popular capitalization model for Bitcoin is the “realized cap,” which measures the cap by weighting each coin in the circulating supply against the price at which it was last moved. This is different from the usual market cap, where every coin in circulation is simply multiplied...

NewsBTC: FTX New CEO John Ray Reveals More SBF Scandals In Court Filing

The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies. Ray was appointed CEO of FTX less than a week ago when founder Bankman-Fried filed for bankruptcy protection for FTX, Alameda and more than 130 related companies and stepped down as CEO. The new CEO has taken the lead role in several of the largest corporate collapses in history, exposing criminal activity and malfeasance such as in the Enron case. So the man has...

NewsBTC: FTX New CEO John Ray Reveals More Scandals In Court Filing

The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies. Ray was appointed CEO of FTX less than a week ago when founder Bankman-Fried filed for bankruptcy protection for FTX, Alameda and more than 130 related companies and stepped down as CEO. The new CEO has taken the lead role in several of the largest corporate collapses in history, exposing criminal activity and malfeasance such as in the Enron case. So the man has...

NewsBTC: Bitcoin Bulls And Bears Tussle As Price Stalls At 16,500; Who Will Come Top?

 BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price.   BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  BTC’s price bounces from a low of $15,500 on the daily timeframe as the price moves in a range below the 50 Exponential Moving Average (EMA) The price action displayed by Bitcoin (BTC) in recent times has yet to be encouraging after its erratic price movement, leading to the price of many altcoins, including Bitcoin (BTC), battling for survival. The Domino effect of the...

NewsBTC: Bitcoin Bulls And Bears Tussle As Price Stalls At 16,500; Who Will Come Top?

 BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price.   BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  BTC’s price bounces from a low of $15,500 on the daily timeframe as the price moves in a range below the 50 Exponential Moving Average (EMA) The price action displayed by Bitcoin (BTC) in recent times has yet to be encouraging after its erratic price movement, leading to the price of many altcoins, including Bitcoin (BTC), battling for survival. The Domino effect of the...

NewsBTC: Cosmos (ATOM) Trades Below $13 As Bulls Give Up; Here Are Levels Bulls Will Buy

 ATOM’s price loses its demand zone of $13 as the price trades to a low region of $10 and could experience more sell-off.   ATOM’s price continues to look weak after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  ATOM’s price trades below the daily 50 Exponential Moving Average (EMA) as bulls eye levels to buy in. In the last two days, the crypto market has seen some drastic shift in sentiment, with Cosmos (ATOM) and the price of other altcoins battling for survival after the news that Binance would not be...

NewsBTC: Cosmos (ATOM) Trades Below $13 As Bulls Give Up; Here Are Levels Bulls Will Buy

 ATOM’s price loses its demand zone of $13 as the price trades to a low region of $10 and could experience more sell-off.   ATOM’s price continues to look weak after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  ATOM’s price trades below the daily 50 Exponential Moving Average (EMA) as bulls eye levels to buy in. In the last two days, the crypto market has seen some drastic shift in sentiment, with Cosmos (ATOM) and the price of other altcoins battling for survival after the news that Binance would not be...

NewsBTC: Ethereum Price Showing Early Signs of Fresh Drop, But This Support Is Key

Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH remains at a risk of more losses if there is a break below the $1,170 support zone. Ethereum is facing resistance near the $1,250 and $1,280 levels. The price is now trading below $1,240 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a clear move below $1,180 and $1,170. Ethereum Price Faces Hurdles Ethereum attempted an upside break...

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