Bitcoin rose above $43,000 on Wednesday, suggesting that a recovery from a two month-long downtrend is underway.Alternative cryptocurrencies (altcoins) such as FTM, XLM and the popular dog-themed shiba inu (SHIB) token led the way higher, all up more than 10% over the past 24 hours. The rally in altcoins, which typically outperform bitcoin in a rising market, reflects a greater … [Read more...] about Market Wrap: Altcoins Rally as Bitcoin Buyers Return
Buyers
How retail buyers are dominating the NFT market in search of profit
There is little to no doubt that the burgeoning crypto niche, non-fungible tokens (NFT) has been one of the best performing spaces in 2021 as it witnessed an unprecedented growth in transaction volume and the rate of its adoption.While institutional investors have played a role in the continued growth of the space, a new Chainalysis report has indicated that 80% of NFT … [Read more...] about How retail buyers are dominating the NFT market in search of profit
Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K
Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers keen at $53,000Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday's $6,000 red candle.Although quiet into Sunday, the pair nonetheless dipped … [Read more...] about Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K
Market Wrap: Cryptocurrencies Slide as Buyers Stick to the Sidelines
Cryptocurrencies continued to slide as buyers appear to be taking some profits. Some analysts are now cautious on bitcoin’s short-term price direction given the recent loss of upside momentum.Bitcoin declined toward a three-week low on Thursday around $56,000 before stabilizing near $58,000. BTC is down about 11% over the past week, compared with a 14% drop in ether over the … [Read more...] about Market Wrap: Cryptocurrencies Slide as Buyers Stick to the Sidelines
Buyers shell out $7M for unseen NFT collection
Nonfungible token (NFT) investors have poured $7 million into a Dutch auction that sold 50 tokens conferring ownership over digital artworks that will not be minted until December.Tyler Hobbs, the artist behind the popular NFT series “Fidenza,” will launch 100 one-a-kind digital artworks in his latest collection “Incomplete Control” at the New York City-based Bright Moments … [Read more...] about Buyers shell out $7M for unseen NFT collection