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Crypto News

Damien Hirst Launches Chainlink Price Index for NFT Project

When Hirst – the British artist best known for wildly expensive works involving taxidermied sharks and diamond-studded skulls – released “The Currency” last year, the project took most of its cues from other popular NFT collections. Like CryptoPunks or the Bored Ape Yacht Club, “The Currency” consists of 10,000 images with slight variations. And as […]

Crypto News

Technical Indicator Points to Bitcoin Price Bounce

A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin. The cryptocurrency’s 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover. Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear markets, as feature […]

Crypto News

Cardano Price Surges on SundaeSwap DEX Catalyst

“While the DEX’s smart contracts have been fully audited and the DEX will meet all industry standards for security, the implementation of fully decentralized governance will not be immediately possible due to existing transaction size limits on the Cardano blockchain,” the team explained in the post.

Crypto News

Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend

On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital […]

Crypto News

What Makes Bitcoin Price Go Up … or Crash Down?

Traditional financial products can also have an impact on the market price of bitcoin, particularly derivative products that represent contracts that track the underlying price of BTC. As we’ve already discussed, leveraged futures trading can often fuel steep price changes, but so can other products such as crypto options. In short, crypto options give investors […]