Author: Nancy Lubale

Fantom (FTM) trades in a third straight bearish session during the early Asian trading hours on Friday. The FTM is down 9.81% on the day after dropping as much as 20% over the last three days. This comes after over $110 million worth of USDC, wBTC and wETH reportedly exited the Multichain bridge. Initially, it was feared that the downturn was due to dumping but it later emerged that it was probably a whale moving their assets from Multichain to Stargate. Both Multigate and Stargate are bridging networks allowing for the transfer of cryptocurrencies and NFT’s between blockchains. However, Stargate…

Cardano (ADA) extended the losing streak on Wednesday dropping as much as 4% ignoring the bullish feature released by the parent company, Input Output Global Inc (IOG). IOG announced the launch of the open-source toolset, Marlowe, to allow users to create smart contracts and dApps on the Cardano blockchain. In a typical case of selling the news, Cardano price ignored the development taking a hit as FOMC minutes indicated a likely “mild” recession in 2023 for the US economy. At the moment, ADA is recovering to recoup yesterday’s losses as the investors react to the IOG feature, albeit late. Cardano…

Litecoin (LTC) remains bullish during the first week of July as traders continue to pour their funds into the proof-of-work (PoW) coin. The crypto is exchanging hands at $104, up 22.98% over the last seven days and 11.5% over the last 30 days. LTC is trading 45% above its January 1 opening and has more than doubled its value over the last one year, according to data from CoinMarketCap and TradingView. With a daily trading volume of $670 million and a market capitalization of $7.69 billion, Litecoin has climbed to the #10 position on the CoinMarketCap ranking. The uptick in…

Ether (ETH), the token that powers the Ethereum network, is trading in a second green session at $1,956, up 0.6% on the day and 4.5% over the last week. The second largest cryptocurrency by market capitalization continues to display strength after Blackrock refiled its spot Bitcoin ETF filing with the US Securities and Exchange Commission (SEC). Blackrock Resubmits its Spot Bitcoin ETF Blackrock resubmitted its Bitcoin ETF filing to the SEC on Thursday, Blackrock names Coinbase, a US-based cryptocurrency exchange, as its custodian and for its spot market data for pricing. Coinbase also has an agreement to provide similar services…

Bitcoin (BTC) is recovering all losses and trading above the $30,000 mark and above the 50-four-hour Simple Moving Average (SMA). A bullish technical formation has appeared on the four-hour chart, pointing to a significant move to the upside. The big crypto could rise toward the $33,000 supply zone. Bitcoin Price Readies for a 7% Uptick BTC price begins the second half of the year string as bulls aggressively defend the $30,000 support. The flagship cryptocurrency suffered the brunt of US crypto regulatory crackdown over the past month. However, Bitcoin’s price is 10% over the last quarter, 12.9% over the last…

Cardano (ADA) continues to bear the brunt of regulatory crackdowns in the United States after the US Securities and Exchange Commission (SEC) labeled it a security in its lawsuits against crypto exchanges Binance and Coinbase. As a result, Revolut, a fintech company that allows for buying, selling and exchange of cryptocurrencies, has said it will be delisting a number of altcoins mentioned on the SEC’s securities’ list including Cardano, Polygona and Solana. The company said that buying of Cardano would stop immediately while selling and storing will cease at a later date. Despite this ADA is up 3.58% over the…

Binance Coin (BNB) still maintains its position as the third largest non-stablecoin crypto by market capitalization, despite the regulatory challenges the issuing company Binance has been facing. BNB currently trades at $232, down 1.09% in the last 24 hours. The exchange crypto is down 6.6% over the past week and 25% below its price 30 days ago, according to data from TradingView and CoinMarketCap. The downturn in Binance Coin price is as a result of regulatory challenges the Binance cryptocurrency exchange has been experiencing around the globe. According to a recent notification from the company to its users, the crypto…

The crypto market has been increasing substantially over the past week, with the total value rising approximately 6.5% from around $1.107 billion to the current level at $1.18 billion. Bitcoin (BTC) blasted past the $30,000 mark to record one-year highs around $31,443 leading the altcoins to profits. Unfortunately, not every digital asset maintained the upward trajectory in the recovery journey. While PEPE proved to be the market leader in the meme coin sector, Shiba Inu and Dogecoin were scaling downward. In fact, Floki Inu and Bone ShibaSwap have performed better than DOGE and SHIB. Pepe price recorded a spectacular rise…

Bitcoin’s (BTC) market capitalization was at $590 billion on Tuesday as the largest cryptocurrency traded at $30,399 with barely any changes over the last 24 hours. BTC was trading 3.4% below the $31,443 one-year high reached on Friday. The rally had been fueled by multiple Bitcoin ETF filings by large financial services companies including Blackrock. The momentum has since faded away as investors came to terms with the fact that any approval by the United States Securities and Exchange Commission (SEC) could take months as the macroeconomic environment remained uncertain. Yet in a recent report, CoinDesk Co-Managing Editor of Markets…

Dogecoin (DOGE) has been sealed in a downtrend as it struggles with recovery. A bullish chart formation on the daily chart points to a 36% upward move. A daily candlestick above $0.075 that flips it into a support level will confirm the bullish breakout for DOGE. Dogecoin Bulls Could Exploit A Rounding Bottom Pattern To $0.09 After turning away from the $0.0756 swing high on May 17, DOGE dropped as much as 28% to set a swing low at $0.0538 before rising to the current level at $0.0658. At the time of writing, the popular meme coin was down 3%…