Crypto Market Sees Green Wave as Tokens Surge
Crypto market sees surge as Bitcoin and Ether spike in value. NEO and DogWifHat among top gainers, while few tokens experience minor losses. Bitcoin analyst Dylan Leclair notes supply distribution in the Bitcoin ecosystem.
Web3 TCG Parallel Secures $35 Million Funding Round for Expansion
Web3 TCG Parallel secures $35 million funding round to expand its blockchain-based trading card game and other titles. Major investors include VanEck, Distributed Global, and Solana Ventures, with notable angels such as Solana co-founders Anatoly Yakovenko and Raj Gokal. The funding will support user acquisition efforts, expansion to new platforms, and the development of new games such as Colony and Wayfinder.
Bullish Candlestick Patterns: A Guide for Crypto Investors
As the cryptocurrency market warms up, investors are cautiously eyeing bullish signals, such as candlestick patterns, to strategically position themselves. These patterns, with roots in 18th-century Japan, provide insight into market sentiment and can help mitigate risks. Bullish signals like the ‘hammer,’ ‘inverted hammer,’ ‘bullish engulfing pattern,’ and ‘morning star pattern’ are key opportunities for traders seeking upward market movements.
Economist Daniel Lacalle Voices Concerns About Future of US Dollar
Economist Daniel Lacalle expresses concerns about the future of the US dollar, attributing it to unsustainable fiscal policies and the alarming increase in national debt. Lacalle challenges the perception of recovery, pointing out the diminishing purchasing power of salaries and the increasing financial strain on American families. He takes aim at Modern Monetary Theory, warning of its practical application’s grave dangers. Despite Bitcoin’s remarkable price surge, Lacalle argues that the erosion of confidence in the US government’s fiscal and monetary policies poses a far greater risk to the dollar’s status as the world’s reserve currency.
Ether (ETH) May Be the Next Cryptocurrency to Get a Spot ETF Approval, Says Bernstein
Bitcoin’s recent rally has been driven by the introduction of exchange-traded funds (ETF). Broker Bernstein suggests it may be time to focus on ether (ETH) as the next digital asset likely to get a spot ETF approval by the SEC. Japan’s cabinet approved a bill adding crypto to the list of assets investment funds and venture capital firms can acquire.
Bitcoin Ordinals Gaming Project Bits Slashes Price, Supply After ‘Misjudging’ Market
Bitcoin Ordinals gaming project, Bits, slashes price and supply after misjudging market demand. This proactive move reflects Bits’ commitment to thriving in the competitive digital gaming space within the Bitcoin ecosystem.
Bitcoin and NFT Market Updates
Stay informed about the latest trends and developments in the cryptocurrency market, including Bitcoin’s rise above $50,000, SEC’s emphasis on cybersecurity obligations, and Ethereum NFT trading analysis. The evolving landscape of digital assets presents both opportunities and challenges for investors and enthusiasts.