Author: Crypto News Live
A popular cryptocurrency trader known only by his nom de guerre Capo, which has been bearish on the cryptocurrency market for months, has issued a stark warning to the community, predicting doom and gloom for leading cryptocurrencies Bitcoin, Ethereum, and altcoins. Capo, who is known as a crypto pessimist on social media, shared with his over 750,000 followers a long message on the microblogging platform Twitter, in which he prophesied significant contractions for Bitcoin and Ethereum. In his words, his analysis hasn’t hanged even as the cryptocurrency market rebounded and prices are “still at a major resistance.” The trader added…
The sale of FTX’s $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange’s efforts to fill a $2 billion hole remaining in its balance sheet.Citing people familiar with the matter, Bloomberg reported on June 27 that FTX’s advisory investment bank, Parella Weinberg Partners, paused the sale of FTX’s Anthropic stake this month, despite multiple parties being interested in buying FTX’s stake.A sale of the stake would be a significant monetary recovery for FTX. A June 26 report by FTX restructuring chief John Ray alleged $8.7 billion in user funds…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The H4 market structure was bullish after ARB climbed $1.15. The Open Interest (OI) rates increased, but buying volumes eased. Most altcoins have been in tight price consolidation following Bitcoin’s [BTC] fluctuations below $31k since 24 June. However, Arbitrum [ARB] broke from the range formation spell and inflicted a bullish breakout, hiking about 6% in the past 24 hours as of press time. Is your portfolio green? Check out the ARB Profit Calculator But the price action must clear…
WhatsApp takes a step towards embracing metaverse hardware by showing its initial support through linking with Meta Quest. So, why and how is WhatsApp joining the metaverse? TL;DR WhatsApp is venturing into the metaverse by integrating with Meta Quest, offering a glimpse of its metaverse plans beyond Avatars. An upcoming update may allow users to link their WhatsApp accounts with Meta Quest VR headsets, improving the user experience. While still in development, this feature shows progress and potential, indicating WhatsApp’s role in Meta’s metaverse ambitions. Expect an integrated experience in the future. WhatsApp Steps into the Metaverse WhatsApp’s Metaverse Journey…
After an explosive start to 2023, with open editions, Bitcoin Ordinals, and memecoins abound, we’re now experiencing (another) downturn in the NFT market. While this phenomenon is nothing new for those within the metaverse, the ups and downs seem to be hitting everyone a bit differently this time around. Although crypto and NFTs surely haven’t entered into a new cycle, change has already begun affecting some facets of the market at an alarming rate. More specifically, floor prices of the Bored Ape Yacht Club, a robust and long-time staple of the NFT space, have started to wane. Yet, BAYC NFTs…
TL;DR‘Futures contracts’ are basically bets on whether a stock/asset (e.g. Bitcoin) is going to go up or down by a set date in the future. The more bets, the higher the ‘open interest.’ The higher the open interest, typically the higher Bitcoin’s price climbs.Open interest in Bitcoin futures just jumped from ~$8 to ~$10B – that’s the highest it’s been since the bear market began in May of last year! Which means either new money is flowing into the market, or existing participants are increasing their investments.Whichever way you slice it: more open interest = more money flowing into Bitcoin.…
Top ETH NFT collections such as BoredApe and CryptoPunks have witnessed a drop in their floor price. ETH’s on-chain metrics were bearish, suggesting that investors must wait for another price pump. Ethereum’s [ETH] state in the NFT ecosystem seemed to have been dwindling for quite some time as the prices of its top NFT collections plummeted. Popular collections like Bored Ape [BAYC] and CryptoPunks have witnessed a considerable decline in their floor prices. Read Ethereum’s [ETH] Price Prediction 2023-24 Amidst this chaos, ETH bulls and bears were battling to flip each other while the token’s price struggled to cross the…
After maintaining a significant consolidated trend, the crypto markets were believed to trigger a notable upswing ahead. Meanwhile, the interference of bearish activity in the past few hours has hampered the upswing. Now that altcoins like Polygon (MATIC) and Solana (SOL) are available at lower rates, is it the right time to buy?Polygon has been displaying significant strength despite the growing bearish pressure. The price has remained stuck at the crucial resistance level of $0.662 for the past few days, battling with the bears. Therefore, the MATIC price is believed to trigger a bullish rebound, which may assist the price…
Liquidators are reportedly seeking to recover more than a billion dollars from the co-founders of bankrupt crypto hedge fund Three Arrows Capital (3AC). According to a new Bloomberg report, 3AC co-founders Su Zhu and Kyle Davies racked up some $1.3 billion in losses before the hedge fund collapsed, the sum which the liquidators are now seeking from them. The report relies on an unnamed source with knowledge of the liquidators’ claims, who says that Zhu and Davies are accused of forcing the firm to take on serious leverage when it was already insolvent and suffering from big losses after the…
In recent weeks, Bitcoin’s price has been able to break past the critical $30K resistance level, pushing several altcoins to remarkable bullish rally. However, ETH price failed to gain significant boost from BTC’s rally and continued to consolidate near the $1.9K region. Moreover, the rising ETH gas fees and scaling issues have been a hurdle to its upward price trajectory, causing investors to shift attention to other potential altcoins.ETH Holders Are Jumping Into Bitcoin’s RallyBoth Bitcoin and Ethereum have been trading above their respective max pain points. This typically indicates a bullish market sentiment as the price of these assets…
