Latest Market News
Chinese social media platform Weibo is cracking down on accounts operated by cryptocurrency influencers, according to reports.
Cryptocurrency exchange FTX has signed a $210 million naming rights deal with United States-based esports organization TSM, which is now known as TSM FTX.
Today, we released the top altcoins to watch for the week. These included Tron (TRX), Icon (ICX), and Origin Protocol (OGN).
As we move towards the end of Q2, a number of cryptocurrency 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.
Bitcoin is still down by a total of 37% over the past month as it currently trades at the $36,000 level. The cryptocurrency has been trading inside a symmetrical triangle pattern as the bulls and bears battle to gain control over the market. The breakout direction of this consolidation pattern is likely to dictate where the market will head toward next.
After years of being the black sheep of the economy, cryptocurrencies have finally managed to earned their place in the global financial market. Large corporations are using them for transactional activities, serious investors are putting large sums of money for the purchase of crypto coins and software developers give every person the ability to easily trade one or more cryptocurrencies.
Bitcoin is down by a steep 6.5% today as the cryptocurrency falls into the $36,600 level. The cryptocurrency looked pretty promising yesterday as it broke above a short-term symmetrical triangle pattern and headed toward $39,000.
Venture studio Master Ventures has announced a $30 million venture capital fund to invest in projects building in the Polkadot and Kusama ecosystem. The company aims to help projects win auctions for parachain slots on Polkadot.
Enthusiasm for NFTs has tapered off slightly after peaking earlier in the year, but there’s still plenty of influential people in the crypto community who think that NFTs are much more than a fad.
Dogecoin surged by a strong 22.5% today, allowing the cryptocurrency to climb back toward the $0.4 level. The coin had dropped from its ATH of $0.74 at the start of May and continued to fall until solid support was established at $0.3. It rebounded from this support at the start of this week as it broke a descending trend line and began its recovery.
