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Dec 05,2022

Bitcoin, Ether, Solana, Other Crypto Prices Are Rising Today

Cryptocurrency prices rose today, with the world most popular digital trade Bitcoin more than a percent higher at $17,207. The global cryptocurrency market value remained below the $1 trillion mark today, although it increased in the past 24 hours to $902 billion, according to data from CoinGecko. "During the weekend, Bitcoin changed hands between the levels of $ 16,900 and $ 17,300. This shows a strong fight between bulls and bears to gain power. Support for BTC is currently at the $16,000 level, where the bears may start operating. However, immediate buyer resistance is at $17,622 to reverse the bottom position. On the other hand, Ethereum is trading close to the $1,300 level, gaining more than 10% over the weekend. If the price is able to break above the current level, that will indicate weakness," said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform. On the other hand, Ether, a coin linked to the Ethereum blockchain and the second-largest cryptocurrency, also gained more than 2% to $1,292. Meanwhile, the price of dogecoin is trading more than 2% higher today at $0.10 while Shiba Inu is higher than one percent at $0.000009. The current performance of other cryptocurrencies has also been promoted such as Binance USD, Avalanche, Tether, Terra, Solana, Polygon, ApeCoin, Litecoin, Stellar, XRP, Cardano, Uniswap, Polkadot, Chainlink trading price and profit n 24 hours ago Tron crashed. The crypto sector was worth almost $3 billion at the end of last year, before the market turmoil that caused interest rate hikes and several market crashes. The company is wiping out more than $2 trillion in value. Bitcoin, the largest token, was down three-quarters from an all-time high of $69,000. FTX filed for bankruptcy in November after a week that may have been linked to the collapse of crypto exchange Binance, Bankman-Fried accused of diverting customer funds to FTX trading affiliate Alameda Research, and the exchange saw political of about $6 billion in just 72 hours.
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Dec 03,2022

Bitcoin Swings Below $17,000, Ethereum and Other Crypto Tokens Fall

Cryptocurrencies fell slightly in Friday 24 hours as the market reacted to the Fed policy. The global crypto market capitalization stands at $850.3 billion, with volume approaching $42.8 billion in the past 24 hours. BitcoinThe world largest and most popular cryptocurrency, Bitcoin, fell 1.2% to $16,921.8. Its market value stands at $325.1 billion. The business value is $22.4 billion. The token has risen 2.3% in the past seven days. "When it fell in mid-November, the price of BTC is now in the vicinity of $ 17 000. However, BTC is trading below the first year of $ 17,500 hit in June. EthereumThe second largest currency, Ethereum or Ether, fell almost 1% to almost $1,274 with a market capitalization of $155.6 billion. Ethereum market cap is $6.6 billion in the last 24 hours. The show rose seven percent in one week. Dogecoin Meme virtual currency Dogecoin fell 5.2% on Friday. Its market value stands at $13.1 billion. The business value is $877.5 million. Solana Solana fell 3.3% to $13.4 on a market capitalization of $4.9 billion. Solana market capitalization was $4.9 billion in the last 24 hours. Shiba InusShiba Inu fell 1.2% from a market capitalization of $5 billion. The trading volume was $112 million in the last 24 hours. Polygon Polygon fell 1% to $0.9 with a market capitalization of $8 billion. The trading volume was $439.4 billion in the last 24 hours.
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Dec 01,2022

Why dogecoin price is up today while other cryptos are trading low

The price of the dogecoin cryptocurrency rose today as other digital tokens traded under pressure. Dogecoin rose more than 6% to $0.09 while major cryptos Bitcoin and Ether lost 2% and 4% respectively in the last 24 hours. Dogecoin has gained almost 25% in the past week, opening up a lot of cryptocurrencies. "The most popular meme, DOGE, has run a mega crisis and become one of the best crypto assets. Elon Musk, who is a strong supporter of DOGE, announced that his Twitter version will take care of the reward. DOGE is a strong candidate to be Twitter official cryptocurrency. DOGE was designed as a payment system, but could not find a real use case. If DOGE integrates with the Twitter payment ecosystem, it will create a use case for the meme coin and boost its growth," said Shivam Thakral, CEO of crypto exchange BuyUcoin. “DOGE also came close to surpassing XRP in terms of market share. This motivation may be due to the rumors surrounding Twitter launching an expected payment plan where DOGE will be used. In addition, Musk desire to build his own Tesla phone if Twitter and all the app stores are removed from the mobile device added power, boosting the game. Dogecoin supporters predicted that DOGE could be used as a means of payment in these cases and make it stronger," said Edul Patel, CEO and founder of Mudrex. Dogecoin is down 44% in 2022 (YTD or YTD) so far, while Bitcoin is down almost 65%. Dogecoin is a parody cryptocurrency created by software engineers Billy Markus and Jackson Palmer in 2013. The Global cryptocurrency market capitalization remained below the $1 trillion mark today as it fell more than 2% in the past 24 hours to $855 billion, according to data from CoinGecko. . Crypto prices remain under pressure this month after the collapse of Sam Bankman-Fried FTX empire. Now investors are watching other crypto companies to see where the spread can spread.
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Nov 24,2022

Will The Next Genesis Crypto Brokerage Fail?

The FTX fiasco continued to turn cryptocurrencies upside down as investor sentiment waned. The global crypto market value, which was about $1 trillion a few weeks ago, has dropped to less than $800 billion, and many cryptocurrencies are recovering well. Billions of dollars worth of wealth has been destroyed! Can crypto investors handle more complexity? Bankruptcies seem to be common in the past few months among crypto exchanges as illiquidity continues to be one of the main issues among them, but it destroys trust the hearts of investors, causing the market to fall. It seems that the bankruptcy crisis is not ending soon, and it is said that crypto brokerage Genesis Trading may be on the verge of bankruptcy. Although FTX announced its failure on November 11, investors already panicked and sold the exchange FTT token days before the actual announcement. FTX problems came to light when its sister company Alameda balance sheet raised questions about the foundation heavily stocked FTT tokens instead of independent assets like fiat money or other cryptocurrencies. Despite the assurances of Sam Bankman-Fried that everything is fine with FTX and the group as a whole, however, everything finally fell apart when FTX filed for Chapter 11 to start the process of restructuring and investing in order for the benefit of all stakeholders in the world. Currently, at the time of writing, on CoinMarketCap, the global crypto market is around $781.26 billion, down 1.77%. Major cryptos Bitcoin and Ethereum are below $15,800 and $1,100 --- down about 2% each in the past 24 hours. Meanwhile, the FTX token is struggling to hold the $1 mark. FTX has fallen more than 29% in the past seven days, while its monthly decline is more than 94%. But why the FTX problem with Genesis? Why is there speculation about Genesis money? Genesis has been updating its relationship with FTX for the past few days after Alameda balance sheet got questioned and FTT score dropped. On November 9, Genesis tweeted, "Genesis has a business relationship with FTX, among other variables. Our exposure to FTX does not affect our ability to serve our customers." On the same day, the trader said, "in anticipation of the extreme volatility of the market ... we closed and sold contracts, causing a loss of about $ 7 million across all parties, including Alameda". Then Genesis said later, to emphasize, Genesis has no ongoing loan relationship with FTX or Alameda.On the day FTX filed for bankruptcy, Genesis tweeted that "the production business now has about $175 million in funds locked in our FTX account, adding that" this does not affect the business we hold. Step"
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