Bitcoin (BTC) continues to hold above $60,000 despite rising geopolitical tensions, while Ethereum (ETH) has dropped 4% to $2,350.
Litecoin is on a path to recovery after moving sideways since July under the $70 resistance line. Ethereum price is also attempting a recovery after Vitalik Buterin moved $1.7 million in ETH to Paxos in a move to cash in on the rebound.
A crypto strategist ranked as a “Master Trader” on Bybit believes that Solana-based memecoin Bonk (BONK) is set for a strong performance this week, despite the recent downturn in the market.
The recent downturn in cryptocurrency markets hasn’t shaken the confidence of crypto advocates, with one expert suggesting that Bitcoin has historically outperformed gold during times of rising debt and leverage in the financial system.
A recent Lattice Fund report reveals that over 80% of crypto startups that raised funds in 2022 remain active despite market downturns.
Binance, the largest cryptocurrency exchange globally, has announced plans to remove four spot trading pairs from its platform as part of its regular market quality evaluations.
BitMEX founder Arthur Hayes believes it will be “extremely challenging” for other smart-contract platforms to surpass Ethereum (ETH).
The co-founders of the now-defunct Three Arrows Capital (3AC), Su Zhu and Kyle Davies, have introduced a memecoin called “Three Arrowz Capitel.”
On Tuesday, cryptocurrency values experienced a downturn, with Ethereum dipping below the $2,500 mark amid rising geopolitical tensions triggered by Iran’s missile strikes on Israel.
Cardano continues to divide opinions among analysts. Some predict a bearish outlook, warning of further price drops, while others believe in its long-term growth.