Market focus

On Friday, a sudden price crash followed by several days of steady losses has pushed bitcoin to its lowest level in six months, down more than 50% from the all-time high it experienced in November. Analysts told The Independent what caused the slump and why Bitcoin’s recovery may be a ‘long shot’. Typically for the…

Breaking crypto news from the last week (Jan. 15 – 21, 2022): Jan. 15: Arab Bank Switzerland, the Geneva-based affiliate of Middle Eastern lender Arab Bank PLC, has extended its crypto offerings focused on wealthy investors. It includes ten major decentralized finance (DeFi) tokens, such as AAVE, COMP, UNI, and more. Jan. 16: American retail…

NFT is a huge branch of the blockchain economy that essentially formed before our eyes in 2021. And while few people knew what “non-fungible tokens” even were a year ago, by the end of the year, the most prominent corporations were already integrating NFT solutions into their products, and the market volume amounted to tens…

The exchange Huobi has predicted a bear market in 2022 for Bitcoin as central banks tighten their monetary policies and the market sees a liquidity crunch. On the other side, DeFi and cross-chain interoperability will continue to expand and adapt, with DAO governance eventually becoming a significant driver of activity. Another major entity in the…

NFT is a huge branch of the blockchain economy that essentially formed before our eyes in 2021. And while few people knew what “non-fungible tokens” even were a year ago, by the end of the year, the most prominent corporations were already integrating NFT solutions into their products, and the market volume amounted to tens…

Bitcoin lost as much as 8.7% Friday and dropped below $38,000 to its lowest level in 6 months. After the Federal Reserve signals its intention to withdraw stimulus from the market, riskier assets like cryptocurrencies have suffered. Since its peak in November, the largest digital asset has lost 40% of its value. Other cryptocurrencies have…