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The latest crypto downturn is hammering companies that built their business models around holding digital assets. The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance…
“# VORTECS™ Spotlight: Here’s why Telcoin’s (TEL) rebound eclipsed most altcoins ” Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21. Unlike most of its peers,…
“# Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000 ” Bitcoin’s (BTC) recent surge above $40,000 injected a healthy dose of bullish optimism into the crypto market and further proof of this comes from the Crypto Fear and Greed index which has decreased from ‘extreme’ to ‘neutral’. Data from Cointelegraph Markets Pro…
“# October 2020 Déjà vu? Bitcoin pullback at $38K has traders at odds over next move ” The wider cryptocurrency market entered a period of consolidation on July 27 following Bitcoin’s (BTC) brief spike above $40,000 the day before that helped ignite a rally across the market and brought a renewed sense of optimism to…
“# Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally ” On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback…
“# Axie Infinity refreshes record high as AXS ascends 131% in just three days ” The price of Axie Infinity’s native token AXS more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69…
“# 16% Ethereum price rebound activates a classic bullish pattern — $2.5K next? ” Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD…
“# Record network activity and a second NFT boom send WAX price higher ” Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity. Another NFT-focused protocol that has been gaining…
“# Altcoins secure double-digit gains after Bitcoin surges toward $33K ” Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet. Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours…
“# Institutional demand for Bitcoin evaporates as BTC struggles below $31K ” The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro…