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The global crypto market has suffered a strong bearish momentum since early 2022. However, Bitcoin’s (BTC) surge above $30,000 has triggered a market -wide rally for most altcoins. According to the data provided by CoinMarketCap (CMC), the global crypto market capitalization hiked by 2.05% in the past 24 hours, reaching roughly $1.16 trillion. Per the data aggregator, the market ’s 24-hour trading volume surged 21%, surpassing the $47 billion mark. As the market rallies, Bitcoin’s price witnessed a 2% surge and is trading at $30,730 at the time of writing. BTC’s market dominance hiked to 51.5%. This suggests that the flagship cryptocurrency, Bitcoin, could’ve driven the recent rally. BTC price on Oct. 23 | Source: Trading View Moreover, the “fear and greed” index has also surpassed the 55-point mark, reaching a three-month high despite the negative impact of the Israel-Hamas war. You might also like: FBI charges 6 for running $30m crypto ring Crypto investor and...

CEO and Co-founder of leading blockchain analytics firm Nansen.ai, Alex Svanevik, shares six themes he believes will play a role in the future of cryptocurrency. As part of this list, he shares insights on tokenized T-bills, SocialFi, Physical NFTs and the continued emergence of Web3 games. Shifting focus Over the course of the next six months, Svanevik suggests that several gaming projects are set to be unveiled, marking the culmination of over two years of development. He suggests these fits, in which he openly shares his support for, are SIPHER Odyssey, Mix Mob, a strategy card game, and Axie Infinity.  Been asked about crypto going forward. Below are 6 themes I think will play a role in the next cycle. — Alex Svanevik (@ASvanevik) October 6, 2023 At the same time, Alex cautions that while numerous gaming endeavors will enter the scene, not all will bask in success. He also calls out the impact of SocialFi, suggesting that based on on-chain data, which unvei...

Bitcoin (BTC) and the broader crypto market continue to grapple with prolonged bearish sentiments, leaving investors vigilant for potential factors that could trigger a rally. Notably, analysts are closely monitoring indicator s that might signal the conclusion of the bear market in its second year. In particular, a crypto analyst known by the pseudonym Seth_fin in an X post (formerly Twitter) on September 16 sparked optimism by identifying two technical indicator s pointing toward a potentially bullish future. In his post, the analyst noted that the Bitcoin Gaussian channel has turned green, which can be interpreted as a bullish signal and a possible reversal of the prevailing bearish trend. The Gaussian channel indicator is a technical tool derived from statistical concepts that predict price trend directions in financial markets. Secondly, he pointed out that the Bollinger Band Width Percentile has reached its lowest level, indicating an impending increase in price volatility...

Crypto's liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex. Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex.  The analysis is based on the aggregate realized value metric, which measures the realized capital of Bitcoin (BTC) and Ether (ETH) with the combined supply from the top five stablecoins Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). "A deep dive into the data reveals a prevailing trend: by early August, the industry had begun to experience capital outflows," notes the report. According to this metric, about $55 billion was drained from the crypto market s over the past month. Capital outflows did not just affect Bitcoin but also impacted Ether and stablecoin liquidity . Bitfinex said: "August was the largest red monthly candle for BTC since the bear market bot...

Grayscale’s legal victory against the Securities and Exchange Commission (SEC) renews optimism for a US Bitcoin exchange-traded fund (ETF), boosting trading, investor sentiment , and overall financial market s. The crypto and wider crypto-related stock markets are relatively firm hours after Grayscale’s win against the Securities and Exchange Commission (SEC) at the District Court of Colombia. On Aug. 29, a trio of federal judges in Washington, effectively overturned the SEC’s decision to block Grayscale’s sport Bitcoin ETF rollout. With this landmark victory, the crypto community senses that the first-ever Bitcoin ETF in the US is imminent, and it has triggered cascading impacts on market sentiment and dynamics. JUST IN The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF! Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your suppo...

Tether (USDT) is scaling new heights  InQubeta  is currently surpassing key milestones amid a firm crypto market . This article dives into InQubeta and Tether, examining their trajectories and how they can shape the crypto landscape. InQubeta opens up access to AI-startup investment At the junction of AI start-up investment and blockchain technology lies InQubeta.  The platform provides fractional investment in AI start-ups, empowering investors. It also aims to democratize the AI investment landscape, opening up access. The InQubeta presale has raised over $2 million , pointing to support from the crypto community. QUBE prices have also been increasing in each presale stage.  You might also like: InQubeta presale sets new benchmark in crypto, can surpass Polkadot In stage 3 of the presale , QUBE is up 60% from the original listing price. The rapid growth may indicate investors’ firm belief and trust in artificial intelligence (AI) and InQubeta’s investment...

In a recent statement, BitMEX CEO Stephan Lutz expressed his belief that crypto exchanges can operate without internal market makers, citing concerns raised by the revelation that Crypto.com has internal trading teams engaged in crypto trading activities. The disclosure has sparked apprehension regarding a potential conflict of interest at Crypto.com. Growing presence of external liquidity providers According to BitMEX CEO Stephan Lutz, the presence of high-frequency traders (HFTs) and proprietary trading firms in the cryptocurrency industry can effectively replace the role of internal market-making teams. Lutz believes that these external entities are capable of ensuring liquidity and bridging the gap between buyers and sellers during imbalances in the market. Lutz further highlighted that BitMEX itself had previously operated an internal trading entity called Arrakis Capital, serving as a major internal market maker.  You might also like: Raoul Pal predicts ‘exponential ...

It's all about a golden cross, a death cross and the Federal Reserve when it comes to Bitcoin price action in the first half of the week. Bitcoin (BTC) stayed motionless at the Feb. 6 Wall Street open as Analysis showed an “interesting dynamic” in play on BTC price charts. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: Golden cross meets death cross Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ignored the start of U.S. equities trading to stay near $22,800. The pair had seen flash volatility into the weekly close, abandoning levels nearer its six-month highs above $24,000. Bitcoin thus worried market participants as the week began, with an increasing number eyeing a potential retest of $20,000 or lower. For on-chain monitoring resource Material Indicators, attention now turned to two classic chart Features : a “golden cross” on daily timeframes and a “death cross” on weekly timeframes. Representing interplay between the 50 and 2...

Join Our Telegram channel to stay up to date on breaking news coverage According to the most recent data, mining bitcoin has never been more difficult. After registering a remarkable spike of over 10% on January 15, the network’s mining difficulty reached a new all-time high of 37.59 trillion hashes, the largest jump since last November—the only time in 2022 when mining difficulty grew by a double-digit percentage. In addition to having a high mining difficulty, data from CoinWarz reveals that despite briefly falling after Terra’s collapse in May 2021, Bitcoin’s hash rate, which is best described as the network’s processing capacity, has been gradually increasing over the last three years. Bitcoin’s hash rate peaked on January 6, 2023, at 361.20 EH/s (ExaHashes per second). When combined, hash rate and mining difficulty show a robust and expanding network. Nevertheless, there have been a lot of recent indications that the mining industry...

With the start of a new year, the crypto market is bracing itself for the unknown. What are the main challenges and goals? If 2022 was any kind of template for gauging what the crypto market might offer for investors going forward, it proved to be terribly difficult to predict. The space saw a brutal shock to the global crypto market capitalization, which fell just over 60% from $2.2 trillion to about $797 billion year to date. It also saw the two largest cryptocurrencies by market cap, BTC and ETH, fall by 64% and 67%, respectively, during the same time frame, with the concurrent slide in the alt market too. These price drops, combined with the demise of the FTX exchange, were not events that many, if any, foresaw. Furthermore, the fallout from the FTX debacle is not yet over, given that some crypto projects and venture funds have retained treasury accounts on the exchange. That said, if 2022 was indeed messy, then 2023 has to offer something more positive, but growth is likely to be...