💥 Cryptocurrency exchange rate dynamics 28.05.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ DOGE showed the biggest gain overnight: +8.3;
⬇️ Ripple showed the biggest decline: -2.0%.
🟢 BTC - $28,885.48 (+0.4%)
🟢 ETH - $1,770.33 (+2.1%)
🟢 BNB - $ 302.41 (+3.2%)
🔴 XRP - $ 0.385942 (-2.0%)
🟢 ADA - $ 0.460955 (+2.0%)
🟢 SOL - $41.94 (+3.9%)
🟢 DOGE - $0.083028 (+8.3%)
🟢 DOT - $9.32 (+7.5%)
🟢 TRX - $ 0.080248 (-0.9%)
🟢 AVAX - $23.29 (+5.3%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ DOGE showed the biggest gain overnight: +8.3;
⬇️ Ripple showed the biggest decline: -2.0%.
🟢 BTC - $28,885.48 (+0.4%)
🟢 ETH - $1,770.33 (+2.1%)
🟢 BNB - $ 302.41 (+3.2%)
🔴 XRP - $ 0.385942 (-2.0%)
🟢 ADA - $ 0.460955 (+2.0%)
🟢 SOL - $41.94 (+3.9%)
🟢 DOGE - $0.083028 (+8.3%)
🟢 DOT - $9.32 (+7.5%)
🟢 TRX - $ 0.080248 (-0.9%)
🟢 AVAX - $23.29 (+5.3%)
🔮Lamoureux president predicted the growth of the bitcoin rate to $100 000 by the end of 2023
📈The president of macroeconomic research firm Lamoureux & Co. Yves Lamoureux believes that the bitcoin rate will reach the $100 000 mark by the end of 2023 and remain at that level until 2025. He also recommended starting to buy the asset “a little bit.” According to the expert, the current state of the BTC rate meets the criteria for exiting a bear market. He explained that the price of the first cryptocurrency is now hovering around $30 000, showing a 55% decline from its November 2021 all-time high ($68 990).
https://getblock.net/en/news/lamoureux-president-predicted-the-growth-of-the-bitcoin-rate-to-100-000-by-the-end-of-2023
📈The president of macroeconomic research firm Lamoureux & Co. Yves Lamoureux believes that the bitcoin rate will reach the $100 000 mark by the end of 2023 and remain at that level until 2025. He also recommended starting to buy the asset “a little bit.” According to the expert, the current state of the BTC rate meets the criteria for exiting a bear market. He explained that the price of the first cryptocurrency is now hovering around $30 000, showing a 55% decline from its November 2021 all-time high ($68 990).
https://getblock.net/en/news/lamoureux-president-predicted-the-growth-of-the-bitcoin-rate-to-100-000-by-the-end-of-2023
Bitcoin
The four-hour timeframe clearly shows a local downtrend. Moreover, the last 24 hours the bitcoin rate has been locked in an even narrower range of $28 6000-29 000. A decrease in volatility may indicate a near-term momentum, which, judging by the market dynamics, will go down.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-28052022
#BTC #Analytics
The four-hour timeframe clearly shows a local downtrend. Moreover, the last 24 hours the bitcoin rate has been locked in an even narrower range of $28 6000-29 000. A decrease in volatility may indicate a near-term momentum, which, judging by the market dynamics, will go down.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-28052022
#BTC #Analytics
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💰JPMorgan invested in crypto analytics firm Elliptic
👍Elliptic, a crypto asset risk management company, has involved JPMorgan Financial Holdings as an additional investor as part of a $60 million Series C funding round. The round was led by Evolution Equity Partners with the participation of SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group. Elliptic representatives noted in a press release that these investments will help accelerate the company’s global expansion and improve the security of working with digital assets.
https://getblock.net/en/news/jpmorgan-invested-in-crypto-analytics-firm-elliptic/
👍Elliptic, a crypto asset risk management company, has involved JPMorgan Financial Holdings as an additional investor as part of a $60 million Series C funding round. The round was led by Evolution Equity Partners with the participation of SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group. Elliptic representatives noted in a press release that these investments will help accelerate the company’s global expansion and improve the security of working with digital assets.
https://getblock.net/en/news/jpmorgan-invested-in-crypto-analytics-firm-elliptic/
📝Binance to tighten KYC to comply with sanctions
🔍Binance, the largest cryptocurrency exchange by trading volumes, will strengthen its know your customer (KYC) procedures to comply with sanctions restrictions. The exchange has partnered with analytics firm Kharon and cloud diagnostics provider Neterium. The companies’ tools will complement Binance’s existing user identification system and help the exchange comply with regulatory requirements in a high-risk environment.
https://getblock.net/en/news/binance-to-tighten-kyc-to-comply-with-sanctions/
🔍Binance, the largest cryptocurrency exchange by trading volumes, will strengthen its know your customer (KYC) procedures to comply with sanctions restrictions. The exchange has partnered with analytics firm Kharon and cloud diagnostics provider Neterium. The companies’ tools will complement Binance’s existing user identification system and help the exchange comply with regulatory requirements in a high-risk environment.
https://getblock.net/en/news/binance-to-tighten-kyc-to-comply-with-sanctions/
🇺🇸US proposed banning apps that support digital yuan payments
🚫US senators have proposed banning applications that support digital yuan transactions. The bill was drafted by Republican Party members Tom Cotton, Marco Rubio, and Mike Braun. According to them, companies that have app stores, such as Apple or Google, should not host services where e-CNY payments are available. Officials believe that by using the nation’s digital currency, the Chinese authorities can gain access to Americans’ confidential data.
https://getblock.net/en/news/us-proposed-banning-apps-that-support-digital-yuan-payments
🚫US senators have proposed banning applications that support digital yuan transactions. The bill was drafted by Republican Party members Tom Cotton, Marco Rubio, and Mike Braun. According to them, companies that have app stores, such as Apple or Google, should not host services where e-CNY payments are available. Officials believe that by using the nation’s digital currency, the Chinese authorities can gain access to Americans’ confidential data.
https://getblock.net/en/news/us-proposed-banning-apps-that-support-digital-yuan-payments
🤑Large XRP holders started to actively accumulate altcoin
📈Analytics firm Santiment has reported that large holders of Ripple (XRP), having between 1 and 10 million tokens, are actively accumulating the altcoin amid volatility in the digital assets market. Experts note that in just 11 days, the total XRP holdings among large holders have increased by 2,4% to reach a two-month high. They now hold 6,12% of all altcoins.
https://getblock.net/en/news/large-xrp-holders-started-to-actively-accumulate-altcoin/
📈Analytics firm Santiment has reported that large holders of Ripple (XRP), having between 1 and 10 million tokens, are actively accumulating the altcoin amid volatility in the digital assets market. Experts note that in just 11 days, the total XRP holdings among large holders have increased by 2,4% to reach a two-month high. They now hold 6,12% of all altcoins.
https://getblock.net/en/news/large-xrp-holders-started-to-actively-accumulate-altcoin/
☝️Russia’s Ministry of Finance finalized draft law on cryptocurrencies
📋The Ministry of Finance of the Russian Federation has finalized a new version of the draft law “On Digital Currencies,” which deals with the regulation of the cryptocurrency market. The new edition included comments from the Ministry of Economic Development, the Ministry of the Interior, the Ministry of Digital Development, the Federal Taxation Service, the Federal Financial Monitoring Service, and the Analytical Center for the Government. The version cannot be called final, additional changes may be made to it.
https://getblock.net/en/news/russias-ministry-of-finance-finalized-draft-law-on-cryptocurrencies
📋The Ministry of Finance of the Russian Federation has finalized a new version of the draft law “On Digital Currencies,” which deals with the regulation of the cryptocurrency market. The new edition included comments from the Ministry of Economic Development, the Ministry of the Interior, the Ministry of Digital Development, the Federal Taxation Service, the Federal Financial Monitoring Service, and the Analytical Center for the Government. The version cannot be called final, additional changes may be made to it.
https://getblock.net/en/news/russias-ministry-of-finance-finalized-draft-law-on-cryptocurrencies
📉Peter Schiff predicted Ethereum price to fall to $1000
💰Euro Pacific Capital CEO and Chairman of investment fund SchiffGold Peter Schiff has shared a chart of the value of Ethereum, suggesting a massive drop in the asset’s rate to the May 2021 lows. According to Schiff, the value of ETH is likely to continue to decline and may hit the “lower yellow line,” which is located at $1 000 and is a minimum mark.
https://getblock.net/en/news/peter-schiff-predicted-ethereum-price-to-fall-to-1000
💰Euro Pacific Capital CEO and Chairman of investment fund SchiffGold Peter Schiff has shared a chart of the value of Ethereum, suggesting a massive drop in the asset’s rate to the May 2021 lows. According to Schiff, the value of ETH is likely to continue to decline and may hit the “lower yellow line,” which is located at $1 000 and is a minimum mark.
https://getblock.net/en/news/peter-schiff-predicted-ethereum-price-to-fall-to-1000
📢Terraform Labs CEO announced Terra 2.0 blockchain launch
🚀Terraform Labs CEO Do Kwon has announced the launch of the Terra 2.0 blockchain. He reported this on Twitter. According to Kwon, members of the network have already received LUNA tokens. As of 10:20 Moscow time, the airdrop had passed in the official Terra Station wallet.
https://getblock.net/en/news/terraform-labs-ceo-announced-terra-20-blockchain-launch
🚀Terraform Labs CEO Do Kwon has announced the launch of the Terra 2.0 blockchain. He reported this on Twitter. According to Kwon, members of the network have already received LUNA tokens. As of 10:20 Moscow time, the airdrop had passed in the official Terra Station wallet.
https://getblock.net/en/news/terraform-labs-ceo-announced-terra-20-blockchain-launch
🏆Market leaders for the week. Top altcoins that have risen in price
💰Although the cryptocurrency market’s total capitalization fell from $1,29 trillion to $1,19 trillion over the week, some altcoins gained significantly. Anchor Protocol (ANC), TopChain (TOPC), Mars Protocol (MARS), TOKYO (TOKC), and TiFi Token (TIFI) showed active growth.
https://getblock.net/en/news/market-leaders-for-the-week-top-altcoins-that-have-risen-in-price/
💰Although the cryptocurrency market’s total capitalization fell from $1,29 trillion to $1,19 trillion over the week, some altcoins gained significantly. Anchor Protocol (ANC), TopChain (TOPC), Mars Protocol (MARS), TOKYO (TOKC), and TiFi Token (TIFI) showed active growth.
https://getblock.net/en/news/market-leaders-for-the-week-top-altcoins-that-have-risen-in-price/
🗣Dogecoin co-founder called Terra 2.0 supporters “dumb”
🐶The co-founder of the meme cryptocurrency Dogecoin (DOGE) Billy Markus criticized the relaunch of the Terra blockchain on his Twitter. He stated that “LUNA 2.0 will show the world just how truly dumb crypto gamblers really are.”
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
🐶The co-founder of the meme cryptocurrency Dogecoin (DOGE) Billy Markus criticized the relaunch of the Terra blockchain on his Twitter. He stated that “LUNA 2.0 will show the world just how truly dumb crypto gamblers really are.”
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
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📡SpaceX to start accepting Dogecoin as payment for the company’s merch
💸SpaceX will start accepting the meme cryptocurrency Dogecoin (DOGE) as payment for merch. This was announced by the company’s head Elon Musk on his Twitter account. In this, he did not specify when exactly SpaceX will start accepting DOGE. After the tweet was posted on May 27, the Dogecoin rate rose by 9% to $0,085.
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
💸SpaceX will start accepting the meme cryptocurrency Dogecoin (DOGE) as payment for merch. This was announced by the company’s head Elon Musk on his Twitter account. In this, he did not specify when exactly SpaceX will start accepting DOGE. After the tweet was posted on May 27, the Dogecoin rate rose by 9% to $0,085.
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
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⛏Miners’ share of Russia’s power consumption structure exceeded 2%
☝Russian miners account for more than 2% of the country’s total power consumption, Deputy Industry and Trade Minister Vasiliy Shpak reported. The official added that cryptocurrency mining has overtaken agriculture in terms of this indicator, which is why he believes it is necessary to recognize it as an industrial activity or a separate industry. Shpak also recalled that mining is now in a “grey” zone in the Russian Federation. In his view, the market needs to be “whitewashed” and regulated.
https://getblock.net/en/news/miners-share-of-russias-power-consumption-structure-exceeded-2
☝Russian miners account for more than 2% of the country’s total power consumption, Deputy Industry and Trade Minister Vasiliy Shpak reported. The official added that cryptocurrency mining has overtaken agriculture in terms of this indicator, which is why he believes it is necessary to recognize it as an industrial activity or a separate industry. Shpak also recalled that mining is now in a “grey” zone in the Russian Federation. In his view, the market needs to be “whitewashed” and regulated.
https://getblock.net/en/news/miners-share-of-russias-power-consumption-structure-exceeded-2
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💥 Cryptocurrency rate dynamics 30.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Avalanche showed the biggest gain overnight: +13.2%.
🟢 BTC - $ 30,468.32 (+4.9%)
🟢 ETH - $ 1,896.59 (+6.1%)
🟢 BNB - $ 318.16 (+5.1%)
🟢 XRP - $ 0.402432 (+4.8%)
🟢 ADA - $ 0.518826 (+12.1%)
🟢 SOL - $ 46.34 (+9.2%)
🟢 DOT - $ 10.45 (+10.4%)
🟢 DOGE - $ 0.086156 (+5.5%)
🟢 TRX - $ 0.083370 (+2.8%)
🟢 AVAX - $ 27.59 (+13.2%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Avalanche showed the biggest gain overnight: +13.2%.
🟢 BTC - $ 30,468.32 (+4.9%)
🟢 ETH - $ 1,896.59 (+6.1%)
🟢 BNB - $ 318.16 (+5.1%)
🟢 XRP - $ 0.402432 (+4.8%)
🟢 ADA - $ 0.518826 (+12.1%)
🟢 SOL - $ 46.34 (+9.2%)
🟢 DOT - $ 10.45 (+10.4%)
🟢 DOGE - $ 0.086156 (+5.5%)
🟢 TRX - $ 0.083370 (+2.8%)
🟢 AVAX - $ 27.59 (+13.2%)
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💰Coinbase executives sold $1,2 billion worth of their shares
📊Top executives at cryptocurrency exchange Coinbase sold a total of $1,2 billion worth of shares in the company between its initial public offering (IPO) and February 2022. Among them were the crypto exchange’s CEO Brian Armstrong, co-founder Fred Ehrsam, and top executives Emilie Choi and Surojit Chatterjee, the Wall Street Journal (WSJ) reports. Armstrong still holds a controlling stake of 59,5%.
https://getblock.net/en/news/coinbase-executives-sold-12-billion-worth-of-their-shares
📊Top executives at cryptocurrency exchange Coinbase sold a total of $1,2 billion worth of shares in the company between its initial public offering (IPO) and February 2022. Among them were the crypto exchange’s CEO Brian Armstrong, co-founder Fred Ehrsam, and top executives Emilie Choi and Surojit Chatterjee, the Wall Street Journal (WSJ) reports. Armstrong still holds a controlling stake of 59,5%.
https://getblock.net/en/news/coinbase-executives-sold-12-billion-worth-of-their-shares
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❗️Mike Novogratz called bitcoin the leader of the upcoming rally
🗣Galaxy Digital CEO Mike Novogratz stated that bitcoin will lead the next cryptocurrency rally. In this, he did not predict when exactly the rise in activity and rates on the cryptocurrency market will take place. Novogratz believes that prices will be able to recover once the US Federal Reserve System (Fed) abandons its tight monetary policy.
https://getblock.net/en/news/mike-novogratz-called-bitcoin-the-leader-of-the-upcoming-rally
🗣Galaxy Digital CEO Mike Novogratz stated that bitcoin will lead the next cryptocurrency rally. In this, he did not predict when exactly the rise in activity and rates on the cryptocurrency market will take place. Novogratz believes that prices will be able to recover once the US Federal Reserve System (Fed) abandons its tight monetary policy.
https://getblock.net/en/news/mike-novogratz-called-bitcoin-the-leader-of-the-upcoming-rally
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Bitcoin
Bitcoin showed signs of strength for the first time in the last two weeks. The asset broke through the local downtrend and came close to an important resistance level near $31 000. There are no signs of a reversal yet, but if buyers intercept the initiative, this movement may turn into a full-fledged bounce, which market participants have been expecting for two months.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-30052022
#BTC #Analytics
Bitcoin showed signs of strength for the first time in the last two weeks. The asset broke through the local downtrend and came close to an important resistance level near $31 000. There are no signs of a reversal yet, but if buyers intercept the initiative, this movement may turn into a full-fledged bounce, which market participants have been expecting for two months.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-30052022
#BTC #Analytics
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📢YouTube announced the integration of NFTs
💻YouTube, the largest international video hosting site, plans to integrate NFTs into its platform. In an interview with BlockWorks, YouTube CEO Susan Wojcicki said that the non-fungible tokens will make it easier to identify video authors as well as add another way to monetize content for its creators.
https://getblock.net/en/news/youtube-announced-the-integration-of-nfts
💻YouTube, the largest international video hosting site, plans to integrate NFTs into its platform. In an interview with BlockWorks, YouTube CEO Susan Wojcicki said that the non-fungible tokens will make it easier to identify video authors as well as add another way to monetize content for its creators.
https://getblock.net/en/news/youtube-announced-the-integration-of-nfts
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📊Crypto analyst called two promising altcoins in bear market conditions
💡According to cryptocurrency analyst Benjamin Cowen, if digital assets enter a long-term bear market, Binance Coin (BNB) and Chainlink (LINK) altcoins are worth looking at. In this, the analyst noted that altcoins are “very risky” in the current market conditions, and only bitcoin and stablecoin are worth holding until the current environment changes.
https://getblock.net/en/news/crypto-analyst-called-two-promising-altcoins-in-bear-market-conditions
💡According to cryptocurrency analyst Benjamin Cowen, if digital assets enter a long-term bear market, Binance Coin (BNB) and Chainlink (LINK) altcoins are worth looking at. In this, the analyst noted that altcoins are “very risky” in the current market conditions, and only bitcoin and stablecoin are worth holding until the current environment changes.
https://getblock.net/en/news/crypto-analyst-called-two-promising-altcoins-in-bear-market-conditions
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🚀Tether launched USDT stablecoin on the Polygon network
👍Tether Operations Limited has launched the USDT stablecoin on the Polygon blockchain (formerly MATIC). The asset will play an important role in supporting Polygon’s DeFi ecosystem and will become another stablecoin for the more than 8000 teams operating on this network.
https://getblock.net/en/news/tether-launched-usdt-stablecoin-on-the-polygon-network
👍Tether Operations Limited has launched the USDT stablecoin on the Polygon blockchain (formerly MATIC). The asset will play an important role in supporting Polygon’s DeFi ecosystem and will become another stablecoin for the more than 8000 teams operating on this network.
https://getblock.net/en/news/tether-launched-usdt-stablecoin-on-the-polygon-network
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