The Bored Ape Yacht Club has experienced a tumultuous ride in recent days, evoking a whirlwind of emotions. Numerous investors decided to part ways with their prized blue-chip NFTs, igniting a surge of Fear, Uncertainty, and Doubt (FUD). Bored Ape Yacht Club BAYC has faced significant challenges as the bear market finally made its presence […]
The surge in sales of NFT (non-fungible tokens), specifically in the form of profile picture (PFP) collections, captivated attention in 2023. These vibrant JPEGs were embraced by many as a means to express their digital identities, leading to the formation of communities as Web3, the next phase of the internet, began taking shape. However, as
Beyond Tokens: NFTs Reshaping Loyalty, Memberships, and Ticketing for the Masses Read More »
Following a series of consecutive gains, the sales of non-fungible tokens (NFTs) have suffered a significant decline of 20.44% this week compared to the previous week. The decline comes after several weeks of upward momentum, during which NFTs based on Bitcoin (BTC) gained notable popularity. Within the past seven days, NFT sales amounted to $152.96
Kraken, the San Francisco-based centralized exchange, has recently introduced an innovative gasless NFT marketplace that boasts an impressive array of more than 250 distinct collections. The platform aims to revolutionize the NFT space by offering seamless transactions and a user-friendly interface, ensuring a delightful experience for enthusiasts. The development of NFT marketplaces has been a
NFT Market Faces Shifting Sentiment and Seeks Sustainable Growth The NFT market, once characterized by rapid growth and excitement, has experienced a notable decline in trade volume since reaching its peak in April 2022. This decline has triggered discussions among industry experts about the reasons behind the slowdown and the future outlook for NFTs. While
NFT Market Sentiment Shifts as Activity Plummets: A Sign of Changing Trends Read More »
Crypto markets exhibited a lukewarm response to favorable economic data, suggesting a potential shift in the narrative that equates good economic news with negative implications for digital asset prices. Over the past 18 months, crypto markets have typically declined in the wake of positive job and productivity gains, indicating continued economic expansion and uncontrolled inflation.
Possible Improvement in the Correlation Between Economic News and Cryptocurrency Prices Read More »
The BTC economic calendar of the cryptocurrency market is marked by a noteworthy event today (19 May 2023), as a significant number of Ethereum and Bitcoin options are set to expire. This occurrence is expected to have a substantial impact on price movements within the cryptocurrency platform. Bitcoin, being the leading digital currency, currently has
Analyzing the Imminent Expiry of BTC and ETH Options Read More »
The value of Bitcoin is currently on a decline, dropping below the crucial $27,000 level. As a result, there is a looming possibility of a downside breakthrough, potentially causing BTC to fall towards its $25,000 support level. Despite efforts to recover, Bitcoin has faced difficulty in surpassing resistance levels of $27,500 and $27,800. Presently, the
Bitcoin’s price may potentially decline towards $25K due to a technical breakdown. Read More »
The anticipation of a temporary halt in the Federal Reserve’s interest rate hike led to a surge in Bitcoin’s price, breaking its stagnant range of $28,000. On Thursday, Bitcoin climbed to $29,241 during early New York trading, following the Fed’s announcement of a 25 basis point rate increase and speculation of a potential adjustment in
Bitcoin and Gold Prices Soar in Wake of Fed Rate Hike Announcement Read More »
The Chicago Mercantile Exchange (CME) is about to see the expiration of its Bitcoin options contracts. As this happens, BTC is encountering significant resistance at its current levels, which begs the question: will it withdraw? The impending Bitcoin options expiry involves a substantial number of contracts, totaling 105,000 BTC, and carries a notional value of
Anticipating the Effect of Monthly CME Bitcoin Options on BTC’s Momentum Read More »
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