The recent sharp decline in shares of major U.S. regional banks has sparked fears of another banking crisis. The collapse of First Republic Bank, the largest U.S. bank failure since 2008, has sent shockwaves through the financial sector, prompting experts to warn that a “confidence crisis” could happen to any bank in the country. Investors…
Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend. As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways movement in the last 24…
The Bitcoin rally continues as the cryptocurrency smashes all resistance levels and seems ready to reclaim more ground. The number one crypto by market capitalization has seen a double-digit gain over the previous week leading the top performers in the sector. As of this writing, Bitcoin traded at $21,400 with sideways movement in the last…
Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace. With this partnership with AWS, Ava Labs can help customers deploy custom offerings linked to over 100,000 partners spread across 150 countries. Technically, the Avalanche node operators can operate in AWS…
The Ethereum price has been trending to the upside over the past week as the general sentiment in the market improves. The second crypto by market capitalization could extend its gains if macroeconomic conditions continue to support the rally. As of this writing, the Ethereum price trades at $1,333 with sideways movement in the last…
Bitcoin keeps moving with no clear direction in the first week of 2023. Following a rejection from a critical resistance zone, the cryptocurrency returned to its range and could be gearing up for a re-test of support. In the meantime, altcoins are blooming, with many recording profits on high timeframes. As of this writing, Bitcoin…
Bitcoin has seen little to no action in its first two days of 2023; the cryptocurrency is bound for a spike in volatility, but in which direction? After experiencing months of downside pressure, there seems to be no room for further losses. As of this writing, Bitcoin trades at $16,700 with sideways movement in the…
Ray Youssef, CEO and co-founder of Paxful, has put his plan to remove Ethereum (ETH) from the exchange, which he revealed a week ago, into action today. The exchange is one of the largest peer-to-peer crypto trading platforms in the world, and Youssef says he has a big responsibility to his 11.6 million customers. Youssef…
The crypto community was left shell-shocked in November 2022 when FTX – one of the leading crypto exchange platforms, filed for bankruptcy. Pessimism towards crypto is at an all-time high, with famous investors like Warren Buffet seemingly right about the risks involved. Investigations into the exchange uncovered gross financial misappropriation and abuse of users’ funds.…
The first of two key events in a historic week for Bitcoin and financial markets worldwide is in the books. While the CPI release was today at 8:30 ET, the last FOMC meeting of the year is scheduled to take place tomorrow featuring a new dot plot. CPI and FOMC coincide this week for the…