Bears

FTX Bags Naming Rights Of Cal Memorial Stadium For $17.5M To Display Their Brand

Cal Memorial Stadium has sold its naming rights to FTX during its second vital branding move. This venture was put forward after the purchase of the Miami Heat Arena’s naming rights in March. FTX is a Crypto derivative exchange that bought the Cal Memorial Stadium from California University. This move by FTX aims to introduce its brand to the stadium. This derivatives exchange owned by Sam Bankman-Fried is exploring further in sports. That is why; they have made a 10 year deal of $17M just for the university’s stadium naming

Tezos, NEM, IOTA Price Analysis: 03 August

Bitcoin tanked once more, falling to $38,692 as it experienced resistance at $42,000. Altcoins walked the same path and failed to hold prices beyond their resistance levels. Tezos had made minor gains but the bears took over at the time of writing. XEM’s attempt to test its immediate resistance was halted as the it fell by 4.6%. MIOTA was likely to fall below its current support level.   Tezos (XTZ) XTZ/USD, TradingView The price of XTZ was $3.07 at press time. It noted a minor gain over the last 24 hours

Here’s when you can set up buy trades if you’re an EOS trader

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The impetus provided by Bitcoin’s resurgence above $40,000 was critical to the altcoin market. With alts relying heavily on the king coin’s movement since the 19 May market decline, BTC’s rally was definitely a sigh of relief. EOS, like most of its competitors, rallied on the back of BTC’s uptick. However, failing to stay above a crucial resistance level led to a slight downtick. At the time of writing,

Analyst on Bitcoin: This is ‘a very strong sign of…’

For one whole day, after some pretty monotonous consolidations and devastating price dips, Bitcoin price candles were green on a one-hour, four-hour, and one-day chart. With this latest movement, market speculations were rife if this rally was here to stay. In the case of Bitcoin, its price has been affected by external news in the past. Some consider these factors to be driving forces to the price action and during BTC’s recent bull run the news side of it looked positive. News like Binance and FTX  limiting leverage trading and

Ethereum Price Analysis: ETH reached $2,200 overnight, bears ready to take over?

TL;DR Breakdown ETH continued to rally yesterday.Resistance found around $2,200.Market set to reverse today. Ethereum price analysis indicates bearish momentum to follow later today as the market has reached a $2,200 resistance level and rejected further upside overnight. Therefore, we expect ETH/USD to decline over the next few days and try to retest previous lows. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with mixed results over the last 24 hours after a strong rally was seen yesterday. Bitcoin is up by 1.22 percent, while Ethereum has declined by

Ripple Price Analysis: XRP rejects further upside above $0.62, prepares to move lower?

TL;DR Breakdown XRP continued to move higher yesterday.Consolidation around $0.61 was established overnight.XRP/USD prepares for further downside. Ripple price analysis indicates bearish momentum to follow next week as further upside was heavily rejected overnight. Therefore, we expect XRP/USD to start declining over the next 24 hours to reach the $0.52 previous low next week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a slight bullish momentum over the last 24 hours. Bitcoin increased by 1.77 percent, while Ethereum around 0.35 percent.  Ripple price movement in the last 24

Will Ethereum’s Strong Weekly Close Be Enough to Propel It Higher?

Ethereum has been hovering between $420 and $430 for the past few days, with the resistance found around $450 sparking a prolonged consolidation phase The cryptocurrency has been unable to extend its recent upwards momentum after facing a rejection at this level This has pointed to some underlying short-term weakness, although its long-term outlook remains incredibly bright Analysts are now noting that the token may be well-positioned to see significantly further upside after it sees a low-time-frame dip This potential strength comes after it closed its daily and weekly candle

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that a firm close above this level could allow it to see a sharp and swift

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for

What is Ferrum Network? A Guide to High-speed DeFi

Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

Bitcoin Prone to Seeing Downside as It Trades Below Key Level

Bitcoin and the aggregated crypto market are struggling to extend the mid-term uptrend that has driven them higher over the past few weeks This has come about as BTC pushes up against insurmountable resistance at $12,000 – a level that it has been rejected at on multiple occasions Analysts are now noting that it may require a daily close above $11,900 for it to see further upside that sends it past this price level There are some positive signs that BTC is gearing up for a movement towards this level,

Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and weeks ahead One trader is setting his sights on a move towards $10,000 Bitcoin and