Latest Market News
Ethereum rolled over today and dropped by a sharp 4% to fall into the $3,760 level. The cryptocurrency had surged as high as $4,000 over the weekend as it hit resistance at a bearish .886 Fib Retracement level. Unfortunately, BTC was unable to overcome the resistance at $4,000 and ended up falling from there.
Crypto.com, arguably the fastest growing cryptocurrency platform in the world, has announced the appointment of Patrick Yoon as General Manager for the company’s South Korea division.
Bitcoin managed to surpass $50,000 today, letting the optimism continue within the cryptocurrency market. With BTC above critical resistance, the altcoin market is starting to see some significant gains too. In this article, we will be checking out the charts for Cardano, Stacks and Chiliz, which are our top 3 coins to watch for this week.
Ethereum’s London hard fork came into effect on August 5, and the price of ETH is up about 40% since. The hype surrounding NFTs and the continued growth of DeFi were likely the biggest contributors to this growth, but the sentiment for Ethereum has also been improved significantly thanks to EIP-1559 and the deflationary pressure it contributes to ETH.
The FTX cryptocurrency exchange is now giving users the ability to mint their own NFTs compatible with the Ethereum and Solana blockchains. Within the next few weeks, users will also be able to deposit and withdraw NFTs from the FTX exchange. Per Bankman-Fried, there will also be an option to deposit outside NFTs (i.e. NFTs not minted on FTX) to the exchange.
Bitcoin surged another 4% today, allowing the cryptocurrency to clear $50,000 and head toward $52,000. The coin has been trading inside an ascending wedge pattern since the start of August and recently found support at the lower angle of the wedge earlier in September.
As we move through Q3, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
To accelerate the process of verifying its userbase, Binance is currently holding an activity where users can get a Savings Trial Fund voucher for 500 BUSD.
The Binance.US cryptocurrency exchange is planning to go public within 3 years, according to comments from Binance CEO Chanpgeng “CZ” Zhao cited by The Information.
The investment and research department of the massively popular KuCoin exchange, KuCoin Labs has released its first-ever in-depth crypto industry quarterly report. The report identifies key trends that have shaped up the blockchain sector since the start of 2021 and predicts how the industry is likely to progress in the coming years.
