Author: Crypto News Live

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily timeframe after dropping below the $3k mark six weeks ago. Reports that the spot Ethereum exchange-traded funds (ETFs) applications in the U.S. were likely to face rejection would reinforce the bearish sentiment in the market. Analysts projected far lower prices for Ethereum in the coming months in the event of a rejection. This lined up with the technical analysis, but it was unclear just how long the…

The US Consumer Price Index (CPI) data, set to be released tomorrow, May 15 (Wednesday), at 8:30 am ET, is anticipated to be a potentially significant catalyst for the Bitcoin price. This expectation stems particularly from Bitcoin’s recent trend of responding to macroeconomic news, indicating a heightened sensitivity to such data in influencing its market dynamics. The CPI measures inflation by tracking changes in the price levels of a market basket of consumer goods and services. The upcoming report is of particular interest following three consecutive months where inflation data exceeded market expectations. Analysts currently project a slight moderation in…

Learn what crypto tokens are and the difference between them and coins. Explore their uses, types, and how they operate within blockchain networks. As you learn about cryptocurrencies, you’ll notice that various terms such as cryptos, tokens, coins, and more often arise. Usually, you’ll see that people use the terms token and coin loosely and interchangeably. However, the terms have entirely different concepts and meanings. Coins are the primary medium of exchange for blockchain networks. Crypto tokens, on the other hand, are extra assets built on existing blockchain networks and are not vital for the networks to run. While each…

Animoca Brands Japan and Quidd will launch digital collectibles of the popular manga “FAIRY TAIL.” According to a press release shared with Cryptonews.com, the Japanese subsidiary of Animoca Brands’ new collectibles will feature 29 characters from the series, including Natsu, Lucy, and Happy. The collection will be available on Quidd, starting from 5 p.m. EST on May 24, 2024. Key scenes from the series have been chosen and turned into art cards under the guidance of FAIRY TAIL author Hiro Mashima, and are available in various rarities. Animoca Brands’ NFT Platform in Japan Founded in 2021, Animoca Brands Japan aimed…

Ethereum’s price fell by nearly 10% in a week. Technical analysis suggested a possible short-term recovery, with key metrics indicating reduced investor interest. Ethereum’s [ETH] price has seen a significant downturn, with a nearly 10% drop in the past week and 1% decline in the past day, bringing it to a 24-hour low of $2,868. This decline is more pronounced compared to Bitcoin [BTC], which has managed to breach notable price marks despite the current market conditions.  The downturn in Ethereum’s market performance is attributed to several factors, including massive whale activities that have introduced substantial volatility and selling pressure…

May 2024 – AI gone-rogue Web3 game Shutdown has announced its partnership with Web3 gaming platform, Immutable. The partnership will see Shutdown launch on Immutable zkEVM, powered by Polygon. Built by Garage Studios, Shutdown is an action-packed We’ve shooter game set in a dystopian universe where AI has gone rogue. Players engage in fast-paced battles against virtual opponents as humans fight for what is left of the universe. Immutable is at the forefront of Web3 gaming. The platform brings the best of digital ownership to every developer by making it safe to build and publish on the blockchain. Players also…

Bitcoin contributed $144 million to the investment, while Solana had $5.9 million. Ethereum’s struggles with regulatory uncertainty triggered outflows from its products. Bitcoin [BTC] investment products have finally broken the five-week streak of outflows and attracted $144 million in weekly inflows, according to a recent report by CoinShares. Every week, the digital asset management firm released a detailed about investments in crypto products. For the last five weeks, all of them have ended in massive outflows, despite the initial strong start to the year. Volume falls, capital rises But last week, the products were able to amass inflows totaling $130…

Ocean Protocol Overview Ocean Protocol Price Change 24h 5.44% Ocean Protocol Price Change 7d 10.69% Ocean Protocol Market cap $561,363,614.28 Ocean Protocol All time high $1.94 Ocean Protocol All time low $0.01 Ocean Protocol Price Prediction 7d $1.385487 +47.37 Ocean Protocol Fear-Greed Index 53 Neutral Ocean Protocol Volatility 7.68% Ocean Protocol Green Days 11/30 (37%) Our real-time OCEAN to USD price update shows the current Ocean Protocol price as $0.940167 USD. Our most recent Ocean Protocol price forecast indicates that its value will increase by 5.07% and reach $0.987792 by May 13, 2024. Our technical indicators signal about the Neutral…

Leading decentralized computing technology provider io.net has announced a major GPU infrastructure expansion in collaboration with a leading enterprise-grade AI-focused GPU-as-a-service provider Aethir. This announcement represents a turning point in io.net’s ongoing efforts to improve blockchain and AI compute capabilities. Over 300 NVIDIA H100 GPUs from Aethir have been integrated into io.net’s rapidly expanding network during the first phase of the deployment. Before the end of May, Aethir and IO will work together to deploy 1,000 H100 GPUs, triple the combined total number of H100s accessible from Web3 rivals like Akash and greatly increasing computational capability for its customers. NVIDIA…

Crypto markets are in the green once again, thanks to factors like CME, U.S. economy and long-term holders. Bitcoin bulls are facing the stress of pulling prices back to the immediate support level of $68,000. The global cryptocurrency market cap has seen an increase of 1.8% in the past twenty-four hours, coming up on what can be seen as a modest recovery from the start of the weekend.  By this time yesterday, Bitcoin [BTC] was barely hanging onto $60,000. At press time, it was worth $63,111, up by 4% on the daily chart. But is there any special reason for…