Crypto Market Analysis: 18th May 2021
The price of bitcoin has tumbled over 25% in the last seven days, hitting a low of $42,025 over the weekend, as investors took profits en masse. Bitcoin, as well as peers such as Ethereum which have also slumped by similar amounts in the last week, has sold off after a staggering run year-to-date which […]
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Significant events in the cryptocurrency sector occurred in September with regard to stablecoins. According to researcher CCData, one notable pattern was the stablecoin market capitalization’s 18th consecutive month of decline, which culminated in a new low of $124 billion, evoking memories of September 2021. For August 2021, that is the lowest amount. In December, the […]
PRESS RELEASE. One of the most highly anticipated NFT character drops in the Play2Earn space is imminent to launch on Fungatopia®. In fact Saturday 18th December 2021 will mark the day in history when Funganomics® release their first premier NFT character drop on their brand new marketplace.
The NFT character drop is a huge benchmark event that sees a 10,000 strong collection of characters that have utility within their premier game offering Funganomics Ultimate Showdown (or FUS) and mass utility across their various other future game offerings. The drop itself is....
Fear is gripping the crypto market after comments from Tesla billionaire Elon Musk sparked a 20% sell-off for Bitcoin. Prices fell to a low of $42K on Monday as the billionaire voiced concerns about the environmental impact of Bitcoin mining, before hinting at a sale of Tesla’s treasury allocation. Then, as irate bitcoiners publicly canceled […]
Bitcoin has made a healthy bounce back since we hit our weekly low of $233 around the night of May 18th. However, Bitcoin only made an additional gain of 1.8% during the week. Between the 17th, and 24th, we’ve saw the Bitcoin price fall from $237 to $232, with most of the 2.1% decline occurring in a couple hours between the 18th and 19th. In that same time frame, we also saw the price shoot back up from $232 to a peak at around $243 on Bitfinex, an additional 4.5% increase in volatility. Long story short, Bitcoin’s price was relatively volatile this week with plenty of up and downswings.....
This week has been interesting has been full of surprises to say the least. From January 13th to January 15th Bitcoin dropped from a weight priced of 264.35 on Bitstamp to a weighted price of 178.83 exactly 48 hours later. Equivalent to around a 32.4% drop in price in only just two days, it was a reminder that Bitcoin is still a young and volatile currency. While the price has gone back up a little bit (price of Bitcoin is at $210.58), Bitcoin is still down 22.21% this week, as of January 18th. Most if not all cryptocurrencies went down with the main exception being Nushares, which is up....