LUNC
Crypto week at a glance: Bitcoin tops $21,000; Dogecoin in focus after Musk's Twitter takeover
The payments giant is one of many that have gathered in the crypto space. Last Thursday, Visa filed for trademarks for cryptocurrency wallet transaction software and virtual environment software, indicating a metaverse push.
Crypto week at a glance: Bitcoin Wobbles at 19k, India to develop SOPs for tokens
The latest inflation data from the United Kingdom shows that inflation is at its highest in 4 decades and is mainly driven by high food prices and the falling supremacy of the pound. The US economy is defying global trends and is becoming a stringer with the rising dollar as US-listed companies report positive earnings, acting as a catalyst for the world’s most powerful currency.
Crypto Price Today: Bitcoin holds $19k; Cardano, XRP& Dogecoin drop up to 5%
Terra is a highly controversial blockchain project that blew up this year and arguably took down the entire crypto market with it. After its original coin was transitioned into LUNC (LUNA Classic) with a reinvigorated blockchain – a new LUNA has taken its place. And it was the highest gainer yesterday much like DYDX on Monday.
Crypto Price Today Live: Bitcoin barely holds $19k; Dogecoin rises 3%, XRP & Solana drop
"In the past, bearish sessions at the beginning of the week have lasted long enough to reach the weekend, so there may be an opportunity for planned averaging except for bitcoin which could turn bullish due to its sudden and significant difficulty increase in its mining network," he added.
Crypto week at a glance: Bitcoin's dominance rises; Swiss McD accepts crypto
The second largest cryptocurrency, Ethereum, has been changing hands above the $1,300 level. Ethereum has been experiencing the heat of macroeconomic factors post the Merge. If Ethereum can close the week by trading above the $1,400 level, we might see an upward trend in the coming week.
Crypto week at a glance: Ethereum continues to struggle as rate hike haunts
After the Ethereum merger, there was a significant increase in user contract calls. Historically, such behavior has indicated a growth in activity on the Ethereum network that goes beyond simple token transfers. Concerns about network instability may have motivated participants to sideline holdings before the event was successful.
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Crypto week at a glance: Volatile week for Bitcoin; Ethereum loses sheen
XRP witnessed a mega rally due to the positive news around the ripple lawsuit and jumped by 30 per cent during the week. The third consecutive rate hike announced by the US Federal Reserve will have a significant impact on the crypto market in the coming weeks.
Crypto Week At A Glance: Bitcoin consolidates below $20K as ETH sell-off ensures post Merge
Bitcoin (BTC) has dropped by more than 6 per cent this week and has failed to hold support at $22,000 after successfully breaching $22,600 mid-week. BTC continues to consolidate in the range of $19,400-20.100 which has held as support for months now. If stocks recover their losses next week, there is a likelihood of BTC gaining back $22,000.
Crypto Price Today Live: Bitcoin holds $20,000; Solana, Avalanche & Polygon shed up to 11%
Major crypto tokens were trading with big cuts as Solana plunged 11 per cent, followed by Avalanche which was down over 9 per cent. Polygon and Bitcoin dropped 8 per cent each. XRP and Ethereum shed 6 per cent each.
Crypto week at a glance: Bitcoins regains steam; Dubai eyes crypto to be capital
But, the market started showing some signs of recovery on Thursday and scaled up aggressively on Friday. BTC rose by nearly 10 per cent and regained its $21,000 position back. This means that buyers are now ready for the midterm rise. If bulls can hold BTC above the $20,575, we could also see it trade above the $22,400 level soon.
New Luna, Old Story: Terra's new token wipes out 70% wealth in less than 48 hours
The older tokens have been renamed Luna Classic (LUNC), with a market cap of less than a billion dollars, which was more than $40 billion a couple of months ago.
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