The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the Bitcoin price is recording a relief rally. At press time, Bitcoin was trading at $16.598 and faced the crucial resistance zone at $16,000. If this resistance is overcome, a quick candle towards $17,500 to $18,000 could be on the table. DCG /Genesis Safe? Bitcoin investors, however, might be asking themselves what has changed in the whole misery surrounding Genesis...

You can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They call this type of stablecoin “algorithmic,” which means that the asset’s stability is guaranteed by some very advanced, but (they say) “ultimately important,” mathematics. Cardano collaborated with COTI on this mammoth project. in light of Djed’s declaration, let us quickly review ADA’s persformance of late: Price activity as of late indicates further pain If Crunchzone rises above $0.3160, the bears will gain even greater power That’s a portent of fantastic...

BTC’s price shows strength as price bounces off from a weekly low of $15,500 to trend higher, giving bulls some relief.  BTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking 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) With many looking for a major dump in Bitcoin (BTC) price, the price of Bitcoin (BTC) bounced from $15,500 as price rallied to a high of $16,500, leaving bears on the...