Crypto market

More-Than-500M-New-Consumers-Could-Buy-Crypto-By-2030
More Than 500M New Consumers Could Buy Crypto By 2030

An estimated 500 million more investors will enter the financial market by 2030. In 2017, there were only less than 7 million crypto investors. The price of Bitcoin is currently $22k per unit. According to a news story shared by economic and macro analyst Alex Krüger, 500 million more investors will enter the financial market by 2030, bringing the total number of investors to 2.6 billion, according to his calculations. According to the data in the study, a new layer of investors will develop in Asian and African countries. The two primary regions that provided most of the capitalization for

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S&P-500-Bounced-Off-Support,-Crypto-Rally-Underway
S&P 500 Bounced Off Support, Crypto Rally Underway?

The level of the S&P 500 stock index demonstrated a rebound off the support. Cryptocurrency at large has proved resilient in the past months. Sustained trading above the 100 SMA might result in fresh multi-month highs. According to a market analysis by a Twitter analyst, Lark Davis, the cryptocurrency rally is underway. This comes after the S&P 500 stock index level showed a bounce off of the support. This indicates a positive trend in the market which has been in bearish sentiment for the past few months. Even after Wednesday’s rise, markets are still mostly declining. Some investors are staying

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Crypto-Market-To-Escape-Narrowest-Trading-Range-by-2024
Crypto Market To Escape Narrowest Trading Range by 2024

The crypto market may break out from its current trading range by 2024. So far, the current market is in its narrowest trading range in history. Some believe that the market has stabilized already. Despite yet another market bloodbath experienced by most cryptocurrencies, an expert believes that crypto assets will be able to break out from their current trading range on — or possibly — before 2024. According to an article by Bloomberg, this is the “narrowest” trading range recorded for the market so far. Also, the leverage ratios for Bitcoin (BTC) and Ethereum (ETH) are “at the highest on

2 mins read
Saudi-Arabia-Takes-Affirmative-Action-for-Crypto-Adoption
Saudi Arabia Takes Affirmative Action for Crypto Adoption

The Kingdom of Saudi Arabia appointed its first cryptocurrency chief.  Mohsen AlZahrani will lead the nation to its crypto goals. Saudi Arabia will likely be a major competitor to crypto wall street — Dubai. The Kingdom of Saudi Arabia has taken a huge step to making crypto adoption a more serious priority. In detail, Saudi Arabia’s central bank has just appointed a cryptocurrency chief. The nation’s goal is to advance its digital goals.  In particular, Saudi Arabia appointed Mohsen AlZahrani to lead both its virtual assets as well as its central bank digital currency program. It is doing so to

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Too-Much-Power-Behind-Crypto-to-Ban-It-US-lawmaker
Too Much Power Behind Crypto to Ban It: US Lawmaker

Brad Sherman, a congressman, discussed cryptocurrency and their regulation. He does not think crypto is going to be banned anytime soon. Crypto enthusiasts respond that the technology could be of help. In an interview with the Los Angeles Times published on Sunday, Congressman Brad Sherman (D-CA) discussed his opinions on cryptocurrencies and their regulation. The Californian congressman who leads a House subcommittee on investor protection wants to make Bitcoin illegal, but he doesn’t think Congress will act that way. He told the news source, “I don’t think we’re going to (ban crypto) anytime soon.” We didn’t ban it at the

2 mins read
Thailand Goes Ballistic on Crypto Ads After Zipmex Disaster
Thailand Goes Ballistic on Crypto Ads After Zipmex Disaster

Thailand has enforced stricter guidelines on advertisements by crypto companies that operate in the country. The move aims to protect the interests of its citizens considered retail investors. Some suspect that the country started to take drastic action after local crypto exchange Zipmex halted withdrawals. Thailand has tightened its stance against advertisements related to cryptocurrency trading or investing, given the ongoing volatility in the crypto market. According to a Bloomberg article, the country aims to protect the interests of its citizens interested in investing in crypto. In detail, Thailand now demands cryptocurrency-related companies that operate in the country to indicate

2 mins read
Crypto Trading Requires Not Only News
Crypto Trading is Not Only Based on News

In traditional markets, the news is the most important when making a trade. In crypto, the news cycle is much faster than in traditional trades. News requires a special kind of skill to nail it and use it in trades. When you’re new to trading cryptocurrencies, it’s easy to get caught up in the FOMO (fear of missing out). You see a coin on CoinMarketCap that’s pumping and you want to get in on the action. But before you start buying, it’s important to remember that trading crypto is more complicated than just following the news. In traditional markets, the

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Crypto Market Sinks Fast, Economists Debate Consequences
Crypto Market Sinks Fast, Economists Debate Consequences

Both Cryptocurrencies and stocks take a massive plunge.  The overall market sentiment seems to be shrouded in fear and doubt.  Economists expect a harsh state of inflation and an inevitable recession. In just 24 hours, the financial market took a heavy hit and assets everywhere are dropping in value. The market sentiment is moving towards a downward spiral as investors scramble to secure their investments.  What’s concerning is that the hit is affecting both traditional and decentralized economies. This is unfortunate news, especially for the crypto industry that needs a greedy sentiment to drive price surges. Presently, the Crypto Greed

2 mins read
Top-Cryptocurrencies-That-May-Give-You-Massive-Profit-in-This-Coming-Bull-Run
Top Cryptocurrencies That May Give You Massive Profit in This Coming Bull Run

     Cryptocurrency continues to be one of the most famous digital assets in the world today. The technology behind these cryptocurrencies made them so popular among investors globally.  Cryptocurrencies are also less likely to be hit by inflation, making them an alternative currency to fiat. The countries such as Lebanon, Argentina, and Venezuela are known to mass adopt the technology of cryptocurrencies to avoid rising inflation. Did you know? Ethereum started at a price of $0.3 in 2015. If you are one of the people who believed and stacked Ethereum by that time, you are now filthy rich.   So…are you

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The-USA-Leads-Crypto-Adoption-Race-With-46m-Users
The USA Leads Crypto Adoption Race With 46m Users

Cryptocurrency has the potential to be an important part of the future. The USA is leading in the adoption race. Rising acceptance rates in Africa also is being advised. In spite of the fact that cryptocurrency has the calling to be a vital part of the future, many organizations, states and individuals remain hesitant to accept this new type of currency. However, as crypto usage continues to surge, finance cryptocurrency has helped countries catch up with the leading crypto adopters such as the USA and India. Crypto is a competitive marketplace for everybody, and access is not restricted to a

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UK-Inflation-Anticipated-to-Reach-18
UK Inflation Anticipated to Reach 18.6%

The UK’s inflation might rise to 18.6%, which would be a 50-year high. The surge in July was mostly caused by rising food costs The office of the prime minister is proposing household supporting policies. According to the most recent Citigroup prediction, the UK’s inflation might reach a near 50-year high of 18.6% early next year as a result of skyrocketing wholesale gas costs, writes Andrew Michael. Individuals have gone ahead to give out their views suggesting it could be the same reason as to why they haven`t seen any bull run lately. It however now makes sense to them

2 mins read
BUSD-is-now-the-6th-largest-crypto-by-market-value
BUSD is now the 6th largest crypto by market value

Binance USD(BUSD) is gathering steam as of late. BUSD is now the sixth largest cryptocurrency by market value. It’s feasible that XRP could reclaim its throne once more. Binance USD(BUSD) is recently gaining momentum as it goes further up the top 10 list of largest cryptos by market value. XRP, on the other hand, tumbled down the list after losing more than 8% of its value in just a span of 24 hours. BUSD is 100%, reserves-backed by both fiat cash in dedicated, insured omnibus accounts at U.S. banks1 and/or repurchase agreements and money-market funds invested in U.S Treasury bills.

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