Trading

Axie Infinity price recovery delayed despite investor deposits hitting a five-month high

Share: Axie Infinity price is close to hitting the December 2022 lows of $5.85. AXS holders have been actively selling following the 13% crash in the last three days. Investor participation also jumped significantly as bearish concerns rose in the crypto market. Axie Infinity price, following the broader market cues, is tre...

PEPE Explodes 16%, BTC Recovers Most SEC-Induced Losses: Market Watch

Despite the second high-tier lawsuit launched by the SEC against a crypto company yesterday, bitcoin actually defied expectations and skyrocketed by $2,000 in hours. Most altcoins have also turned green, with ETH nearing $1,900 and LDO soaring by 9%. BTC’s Rollercoaster The primary cryptocurrency was stuck in a tight range at around $27,000 for weeks, but this finally changed on Monday when the US Securities and Exchange Co...

Polygon Reaches Oversold Region And Targets Low Of $0.57

The price of Polygon (MATIC) is declining and is currently below the moving average lines. Long-term forecast of the Polygon price: bearish The negative trend of the altcoin has continued by reaching the support level, which is currently a...

Ethereum Layer 2 tokens rally as mainstream cryptocurrencies crumble under SEC’s regulatory crackdown

Share: Ethereum Layer 2 tokens Optimism, Arbitrum and ImmutableX started price rallies in response to the SEC’s regulatory crackdown. Optimism completed its Bedrock hard fork earlier today, reducing the Layer 2 solution’s gas fees by 40%.  OP, ARB and IMX prices yielded between 3% and 6% gains for holders since Tuesday.  Et...

MATIC price struggles to recover after $95 million transfer from whale to Binance

Share: Polygon Network’s MATIC suffered a setback from the regulatory crackdown, and price dropped nearly 10% since Monday.  A large wallet address transferred $95 million in MATIC tokens from a cold wallet to Binance, increasing the selling pressure on the asset.  The Ethereum Layer 2 scaling token’s supply on crypto exchang...

BNB Dumps to 3-Month Low Amid SEC Lawsuit, BTC Slumps Below $26K (Market Watch)

After several weeks of trading sideways, bitcoin finally produced a volatile move but in a highly unfavorable fashion for the bulls. The altcoins are also deep in the red today after the SEC’s latest lawsuit against a cryptocurrency company. Bitcoin Dumps Below $26K The primary cryptocurrency stood in a tight range at around $27,000 for the past few weeks, with only minor fluctuations above and below that level. This prompt...

US SEC sues Coinbase a day after move against Binance

Share: The Securities & Exchange Commission filed a lawsuit against crypto exchange Coinbase a day after its crackdown on Binance.  The US financial regulator alleges that the crypto trading platform broke its rules and supported trading in tokens that are considered securities.  Coinbase vows for transparent legislation ...

Bitcoin Is Under Severe Threat As It Falls To A Low Of $25,605

Bitcoin (BTC) price has finally fallen below the crucial support at $26,000. Bitcoin price long-term forecast: bearish Incidentally, the largest cryptocurrency has been moving in a range between $26,000 and $28,000 since May 12. On May 28,...

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto liquidations hit $311 million, what’s next?

Share: Bitcoin price liquidations cross $100 million after the SEC’s recent lawsuit against Binance. Ethereum price could retest the $2,000 psychological level if sidelined buyers join the fray. Ripple price to get boring for a few days before XRP reveals its directional bias. Bitcoin (BTC) price has suffered a fatal setbac...

Bitcoin Price Tumbles Below $27K, The Sandbox (SAND) Soars 6% Daily (Market Watch)

Bitcoin tried its hand at taking down $27,500 yesterday once again but was rejected and pushed back down south. Most altcoins are also in the red today, with ETH slipping below $1,900. XRP, on the other hand, is up by just over 2% in a day. BTC Down Below $27K Despite the positive start last week, which took BTC up north to a three-week high at $28,500, the seven-day period didn’t end all that well for the asset. It tumbled...
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