August 16 2022 🕓 3 min
Bitcoin at crossroads: Where does it go from here?
The bear market stopped for a while, and BTC was able to jump from $17.5k to $25k. Now BTC is at crossroads, and the next move is questionable.
Market Movers
August 17 2022
UK inflation hit a new 40-year high
In July 2022, the annual inflation rate in the UK reached 10.1 percent, a new 40-year high that was far higher than analysts had predicted. Additionally, there is growing evidence that the Bank of England will continue its aggressive tightening policy to limit rising prices.
August 17 2022
BTC mining companies lost over $1 billion
In the second quarter, the three biggest US publicly traded Bitcoin mining companies (Core Scientific, Marathon Digital Holdings, and Riot Blockchain) suffered losses of more than $1 billion. This comes as a result of the massive decline in crypto prices.
August 17 2022
Michael Burry sold his entire portfolio
Michael Burry, a well-known hedge fund manager who predicted the 2008 crash, sold most of his stocks beside one. He invested in the private prison operator GEO Group, buying over 500,000 shares of the company.
August 12 2022 🕓 5 min
Cryptocurrency exchanges are fighting a crucial legal battle
The cryptocurrency sector representatives and exchanges ask for a clearly defined legal framework to follow.
August 9 2022 🕓 3 min
Crypto outlook: Ethereum, Litecoin, and Algorand
The crypto markets have been through a rough patch, but there has been a pullback. So are Ethereum, Litecoin, and Algorand ready to rise?
August 8 2022 🕓 3 min
Hodlnaut as another crypto lender flopped
Hodlnaut is another crypto lender that flopped among Terra, Celsius, and 3AC collapse. Withdrawals have been temporarily suspended.
August 6 2022 🕓 4 min
Crypto news summary: Meta, Coinbase, and Solana hack
Meta continues to integrate NFTs worldwide, Coinbase partnered with BlackRock, Solana hot wallets hacked and much more in crypto news summary.
August 2 2022 🕓 4 min
Crypto outlook: Solana, Dogecoin, and Cronos
Some cryptos now might offer solid trading opportunities as crypto markets went through a bloodbath.
August 1 2022 🕓 5 min
Crypto news summary: Cathie Wood, El Salvador, and Shiba Inu
Cathie Wood is dumping Coinbase stocks, but El Salvador continues to adopt Bitcoin in several ways. Shiba Inu turns two and much more.
July 29 2022 🕓 4 min
Interest rates are rising and so is crypto
Despite the overall economic and political situation in the world, cryptocurrencies are experiencing very solid price growth. Why?