Startups & VC

2022-06-02 21:02:03 Stock Markets Close The Week Positively

Asian stocks were supported better than expected by earnings from Chinese technology companies. Alibaba Group Holding Ltd. and Baidu Inc. beat sales forecasts.

U.S. futures rose on Wall Street based on signs that consumers remain resilient despite inflationary pressures

European stocks followed Asian stocks, heading for their best weekly gain since mid-March amid a falling dollar Открыть/Комментировать

2022-06-02 14:02:04 US premarket on May 27

Will the seven-week U.S. market losing streak be snapped?

On Friday, US stock indices continued their rally initiated on May 24 .

Traders are trying to pare losses seen in the market over the past seven weeks.

The Dow Jones Industrial Average rose by 34 points, or 0.1%. The S&P 500 and Nasdaq 100 indices gained 0.3% and 0.4% respectively.

Many experts talk about a possible strong rebound. Indeed, the prevailing mood among investors is bullish. However, everything can change if the US Federal Reserve takes a more aggressive approach to surging inflation, or the US economy slows down even more significantly Открыть/Комментировать

2022-06-01 21:02:02 Bitcoin Technical Analysis

Following a brief rebound on Friday, May 27, BTC once again moved lower, with prices falling under the $29,000 mark

The BTC/USD pair hit an intraday peak of $29,335.03, however with bears re-entering the market, prices fell to a low of $28,326.61 earlier on May 28.

Overall, BTC is down over 1% in the last seven days, with markets mainly consolidating during that period.

Many now believe that after bearish stints in April and May, we might have seen the worst of the selling in crypto, with a potential for a slight rebound in June Открыть/Комментировать

2022-06-01 14:02:03 DOGE rises after Spacex news

DOGE rose on Saturday, May 28, following Friday’s tweets from Elon Musk confirming that SpaceX may soon accept memecoin as a payment option for merchandise.

DOGE/USD hit an intraday high of $0.08538 on the news, taking prices to an 11-day high in the process

Price strength still remains elevated despite the rally easing, with the RSI hovering above its resistance at 35.5 Открыть/Комментировать

2022-05-31 23:07:57 For business inquiries contact @BADitel Открыть/Комментировать

2022-05-31 21:02:03 Crypto Spam Increases 4,000% In Two Years

Elon Musk plans to crack down on spam bots that have plagued Twitter and suggests that the company’s claim of 95% genuine users is too high.

Spam and bots have been annoying anyone that uses the internet for years, but recently, this digital scourge has ramped up activity in the crypto sector in a big way

Crypto intelligence provider LunarCrush has revealed spam in the cryptosphere has increased by an astonishing 3,894%. Открыть/Комментировать

2022-05-31 14:02:03 ETH Selloff Intensifies Heading Into the Weekend

ETH fell to a multi-week low for the second session on the bounce, as bearish pressure intensified on Friday, May 27.

Following a high above $1,960 during Thursday’s session, ETH/USD dropped to a low of $1,727.49 earlier today.

This move took Ethereum to a fresh two-week low, with prices dropping to their lowest point since May 12, with a new support point being formed

Looking at the chart, this level seems to be the $1,750 level, which is marginally above an 11-month low at $1,705. Открыть/Комментировать

2022-05-30 21:02:02 BTC price breakout due 'relatively soon' as Bitcoin volumes spook traders

Low transaction activity is becoming increasingly important as analysts predict volatility will return.

Bitcoin (BTC) disappointed bulls on upside prior to the May 26 Wall Street open as BTC/USD returned under $29,000.

The largest cryptocurrency had avoided volatility on the release of minutes from the United States Federal Reserve's Federal Open Markets Committee (FOMC) ♂️

Cointelegraph contributor Michaël van de Poppe, who on May 25 had predicted a move towards $32,800 for BTC/USD, reiterated that a breakout from its current trading zone was "coming relatively soon" Открыть/Комментировать

2022-05-30 14:02:17 Global Financial Affairs

Although the minutes showed that all committee members were in agreement on a half-percentage-point rate increase, traders have some concerns that the planned rate hikes may not materialize as some Fed members have expressed worries that ongoing hikes will cause financial instability

Investors increased demand for the sovereign bonds, pushing yields on the 10-year Treasury to their lowest level since Apr. 13.

Investors had been selling Treasuries between the Mar. 7 bottom and the May 6 high.

The outlook for higher rates sent stocks spiraling Открыть/Комментировать

2022-05-29 21:19:00 Weak Stocks and Declining DeFi Use Continue to Weigh On Ethereum Price

Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000.

Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13, according to data from Coinglass

The worsening market conditions were also reflected in digital asset investment products.

According to the latest edition of CoinShare's weekly Digital Asset Fund Flows report, crypto funds and investment products saw a $141 million outflow during the week ending on May 20 Открыть/Комментировать