Market Analysis

Axie Infinity (AXS) price has fallen by nearly 30% two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform’s underlying blockchain, the Ronin Network. AXS/USD dropped to $46.69 on Monday, its lowest level since March 16, signaling a dampening buying sentiment among traders and investors following the hacking incident. Independent

Solana (SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent NFT markets-related news and a marketwide bounce, but the current 22.7% decline could have investors confused.  Solana/USDT at FTX. Source: TradingView The rally started after Coinbase Wallet added support

Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market’s decline of 8.5% in the same period. What’s more, the XMR/USD pair has broken above a strong, multi-month resistance trendline, hinting at more upside ahead. XMR price action  XMR’s price was down by a modest 0.87% on April

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Starbucks announces NFT initiative as union-busting controversy continues Nonfungible tokens

Bitcoin (BTC) neared new price lows for April on Friday’s Wall Street open amid a fresh surge in the U.S. dollar. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $43,000 hangs in the balance Data from Cointelegraph Markets Pro and TradingView captured another day of gloom for BTC bulls as the largest cryptocurrency slipped back under $43,000.

The Polkadot ecosystem sorely underperformed compared to other layer-1 networks in 2021, while the slow roll-out of parachain auctions and mainnet launches left the network playing catch-up in 2021. It appears that this trend came to an end in mid-March when numerous projects in the Polkadot ecosystem saw their prices climb higher after users began

Bitcoin (BTC) faced a new threat of a dip below $40,000 on April 8 as short timeframes failed to rescue bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin risks return to $38,000 support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating in a range bounded by $44,000 prior to Friday’s Wall Street

Global financial markets continued to face an uphill battle on April 7 following recent hawkish comments from the United States Federal Reserve hinting at a rapid rise in interest rates as one course of action to help curb rampant inflation.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit

Bitcoin (BTC) continued its downturn into Wednesday’s Wall Street open with its first test of $44,000 since the start of April. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC’s price posts near two-week lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching 12-day lows of $43,801 on Bitstamp, down over 7% from the month’s

The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets

Bitcoin (BTC) fell into the Wall Street open on April 5 after briefly passing $47,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader shows importance of 200DMA for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering downward pressure as financial markets opened Tuesday. The pair was thus more or less at the same

The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return.  The Boba Network (BOBA) is the most recent protocol to benefit from institutional interest and the long

Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems. In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers. 2022 retail FOMO spike “an outlier”

The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push Bitcoin (BTC) below $45,200.  Data from Cointelegraph Markets Pro and TradingView shows that once the afternoon sell-off broke below support

New warnings from the Australian Securities and Investments Commission (ASIC) on appropriate conduct for financial influencers could have a dramatic impact on the local crypto industry. ASIC’s recent Information Sheet outlines the traps influencers and the companies that hire them could fall into while wittingly or unwittingly promoting financial products. The penalties for failing to

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