Ethereum price started a consolidation phase after a sharp decline. ETH must clear the $2,275 resistance to start a fresh increase in the near term. Ethereum recovered losses after testing the $2,000 support zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with […]
Animoca Brands, Chainalysis in Focus
The post Animoca Brands, Chainalysis in Focus appeared on BitcoinEthereumNews.com. C1 Fund – established by a team of former Coinbase legal professionals and investors – has engaged in discussions with numerous local venture firms, explicitly proposing the purchase of private holdings from investors at a discounted rate ranging between 50% and 80% of their most […]
WTI continues its winning streak near $71.80 ahead of US CPI data
The post WTI continues its winning streak near $71.80 ahead of US CPI data appeared on BitcoinEthereumNews.com. WTI price extends its gains possibly on expectations of a rise in monthly US CPI. Market expects US CPI (YoY) to ease to 3.1% and Core CPI to remain consistent at 4.0%. The growth of US shale oil […]
OpenAI’s Rival Mistral AI Valued at $2B after Latest Funding Round
The post OpenAI’s Rival Mistral AI Valued at $2B after Latest Funding Round appeared on BitcoinEthereumNews.com. Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) […]
Crypto Market News: Is The Bear Market Looming or Opportunity To Buy The Dip?
The post Crypto Market News: Is The Bear Market Looming or Opportunity To Buy The Dip? appeared first on Coinpedia Fintech News The cryptocurrency market has witnessed a significant escalation in volatility over the last two days, leading to the liquidation of over $600 million in derivatives leverage trading. Dominating this upheaval are the industry […]
Pension Fund Giant M&G Dives Into Crypto Derivatives With $20 Million Investment
The post Pension Fund Giant M&G Dives Into Crypto Derivatives With $20 Million Investment appeared on BitcoinEthereumNews.com. In a significant development for the institutional adoption of digital assets, M&G Investments, the asset management arm of pensions giant M&G Plc, has invested $20 million in a UK-based crypto derivatives trading platform. The move represents a step […]
USD/INR gathers strength ahead of Indian, US CPI data
The post USD/INR gathers strength ahead of Indian, US CPI data appeared on BitcoinEthereumNews.com. Indian Rupee edges lower on the stronger US Dollar. Indian government bond yields and the Indian rupee will be influenced by domestic and US inflation data this week. Investors will take cues from the Indian and US CPI data ahead of […]
Latest Crypto Trends – Bitcoin Surges Near $44,000 and Is a Bitcoin Bull Run on the Horizon?
The post Latest Crypto Trends – Bitcoin Surges Near $44,000 and Is a Bitcoin Bull Run on the Horizon? appeared first on Coinpedia Fintech News The crypto landscape continues to evolve rapidly, gaining substantial momentum in recent years, and according to some third party crypto analysts projections, there’s a possibility that this trend will persist […]
How Over-Leveraged Derivatives Degens Caused Another Bitcoin Crash
Bitcoin market volatility is back and the asset has plunged more than 5% since the beginning of this week. The big dump has been largely driven by derivatives traders and over-leveraged positions. Therefore, the flushout could be considered healthy for markets. Crypto markets are down again today and while the correction was predicted by analysts, […]
Analyst Reiterates Confidence in XRP as $5.58M Wiped Out in Long Positions
The post Analyst Reiterates Confidence in XRP as $5.58M Wiped Out in Long Positions appeared on BitcoinEthereumNews.com. A sharp drop in XRP’s price wipes over $5.58 million in long positions on exchanges. Egrag Crypto reassured XRP community members that the token is still on track to hit the $1.4 target. The analyst said the unexpected […]