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PGA Tour 2K23’s Course Designer Improvements Revealed

2K and HB Studio’s upcoming PGA Tour 2K23 will feature the ability to create your own golf course, just like its previous entry. It’s...

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PGA Tour 2K23 Will Include Traditional 3-Click Swing Option

2K and HB Studios looks set to tee off again with a new PGA Tour 2K game for this year. And aside from seeing...

New Tales From The Borderlands Will Introduce To Us 3 New Underdogs This October

During the recent Gamescom Opening Night Live, Gearbox officially unveil their next Tales From The Borderlands game, which sees three new protagonist taking the...

Tiny Tina's Wonderlands' Shattering Spectreglass DLC “expands the endgame experience”

Tiny Tina's Wonderlands' fourth DLC chapter, Shattering Spectreglass, is out now, "expanding the endgame experience" with a new class, better character creation options, a...

Marvel’s Midnight Suns Delayed Again

2K has announced that the upcoming strategy/tactical RPG by Firaxis, Marvel’s Midnight Suns, has been delayed. When the game was first revealed, it was...

The Quarry adds Wolf Pack multiplayer in major new patch

Supermassive Games and 2K have released a new patch for The Quarry, which adds the Wolf Pack multiplayer component to the game. "Wolf Pack is...

Tiny Tina’s Wonderlands Heads To Steam Tomorrow

The DnD inspired schlooter, Tiny Tina’s Wonderlands is coming to Steam and it’s closer than you think. Like it’s releasing tomorrow, June 23 at...
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The Quarry Review – Camp Inquiry

When will these youngsters learn that spending a night at summer camp alone without any adult supervision is a sign that some of you...

Marvel’s Midnight Suns Releasing This October, New Trailer Reveals Spider-Man And More

Firaxis and 2K’s next game, Marvel’s Midnight Suns made a reappearance again at the Summer Game Fest 2022 stage. The game by the makers...

Ethereum price hits $3.2K as anticipation builds ahead of the ‘Merge’

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ETH price made a clear trend change and aims for the $3,800 level after traders’ anticipation of the upcoming Merge lures the bulls back to the market.

NBA 2K22 MyTEAM: Season 5 Dynamic Ratings updated – Out of Position Packs on the way

These features are sure to be popular with players

Bitcoin Trading Volume Declines, Rally Losing Steam Already?

Data shows the Bitcoin trading volume has further declined recently, suggesting that the latest rally may be losing steam. Bitcoin Spot Trading Volume Continues To Decline This Week According to the latest weekly report from Arcane Research,  the BTC spot volume has observed further decline in the past week. The “trading volume” is an indicator that measures the total amount of Bitcoin being involved in spot trades on any given day. When the value of this indicator goes up, it means more coins are now changing hands. This trend shows that the network is becoming more active. Usually, high volumes make up for an ideal environment for pushing any big price moves. This is because for sustaining such movements, you require a large amount of traders involved in the market. Which is precisely what high values of the metric represent. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High On the other hand, declining volumes imply that the Bitcoin network is turning inactive. Such a trend may be a sign of general disinterest in the crypto among investors at the moment. Now, here is a chart that shows the trend in the BTC Trading Volume over the past year: The indicator's value seems to have been declining recently | Source: Arcane Research's The Weekly Update - Week 11, 2022 As you can see in the above graph, the Bitcoin daily volume has been on the decline for a while now. Over the past seven days, this downtrend looks to have continued. The 7-day average spot volume is currently around just $4 billion. In the last week, the metric’s value has surged to $7 billion on only a single day. Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week Price activity usually revives the indicator as it attracts more traders. However, market activity has been rather declining recently, despite the value of Bitcoin observing some sharp upliftment over the past couple of days. A lack of traders means that it’s unlikely this rally would be able to march any further. Just like much of the recent trend, the coin’s price may start consolidating now instead of catching any real movement. BTC Price At the time of writing, Bitcoin’s price floats around $42.2k, up 5% in the last seven days. Over the past month, the crypto has accumulated 10% in gains. The below chart shows the trend in the price of the coin over the last five days. Looks like the price of BTC broke past the $43k mark yesterday | Source: BTCUSD on TradingView As the chart shows, it seems like the Bitcoin rally has already started losing steam, just like the trading volume had indicated. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research

NBA 2K22 MyCAREER: Weekend Events, 2XP at The Rec, and new gear

Check out the latest apparel and new challenges
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