Crypto Market Musings Crypto’s recent correlation with the stock market is finally paying dividends. The stock market is rallying — and so is crypto. As...

“It’s choppy waters ahead for delivery startups.” That is the subtitle of a recent TechCrunch article by Kyle Wiggers. Here’s an excerpt:   The boom continued...

When you’re just starting out in trading, one piece of advice stands out: you need stock market news. News is one of the most...

When you’re just starting out in trading, one piece of advice stands out: you need stock market news. News is one of the most...

Here are the top trending news from the world of Technology 1) Pretty soon, you can rent an iPhone with monthly subscription fees If Apple has its way then you can pretty soon rent an iPhone by paying a monthly subscription fees. According to Bloomberg, Apple is seriously planning to launch a hardware subscription service [...]

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Former Texas congressman Ron Paul says that if history is any indication, the government could still clamp down hard on the crypto markets. In a new interview on Kitco News, Paul says that there could be a repeat of 1934 when the Gold Reserve Act prohibited Americans from holding and trading the precious metal, but […]

The post Former Congressman Ron Paul Says Crypto Should Be Permitted, but History Suggests Government Ban Possible appeared first on The Daily Hodl.

Two weeks ago, I told you about a strange phenomenon taking place in the markets right now.It doesn’t happen often. But when it does happen, it could mean…

Despite the four-month bearish price action, institutions continue to pile drive bitcoin, which might have scared away retail leverage traders. This is because institutions are focusing on longer-term horizons and see the potential for big profits in BTC’s growth over time. The recent large outflow of coins from the U.S.-based crypto exchange Coinbase is evident, according to blockchain analytics firm Glassnode. Related Reading | 82% Of Bitcoin Short-Term Holder Supply Now In Loss, Capitulation Ahead? The recent highly volatile markets have sent bitcoin prices tumbling, with a total of 31,130 bitcoin leaving Coinbase last week. This is the highest single-week outflow since 2017, data tracked by Glassnode. In a weekly newsletter published Monday, Glassnode said;  Large outflows like this one are actually part of a consistent trend in the Coinbase balance, which has been stair-stepping downwards over the last two years. As the largest exchange by BTC balance, and a preferred venue for U.S.-based institutions, this further supports the adoption of bitcoin as a macro asset by larger institutions. The crypto markets have experienced drought over the past week. The Nasdaq-listed exchange’s holding in bitcoin has dropped a four-year low of 649,500 BTC for just the second time since 2018. In addition, the amount of bitcoins held by all centralized exchanges has decreased to 2,519,403 BTC, the lowest number since November 2018. Withdrawal Bitcoins Moved To Inactive Wallets The Coinbase withdrawal may be driving up the price of Bitcoin. The declining exchange balance means fewer coins are available for liquidations on exchanges, which could lead to an increase in demand and push prices higher still – especially since those withdrawals have moved into largely inactive wallets. Additionally, Glassnode said; If we look at the Illiquid Supply Shock Ratio (ISSR), we can see a significant uptick this week. Suggesting that these withdrawn coins have been moved into a wallet with little-to-no history of spending. The ISSR is on an upwards trend, suggesting that these withdrawn coins transferred into a wallet with little-to-no history of spending. Related Reading | Bitcoin Detractor Peter Schiff Lays On What Will Trigger Bitcoin Recovery The current amount of supply held in Illiquid wallets is 3.2x larger than Liquid and Highly-Liquid combined. Meaning that many coins are still trapped there despite the recent bear market conditions. A similar metric to what we saw during the 2018 – 2020’s bear market. Major cryptocurrencies registered mostly small losses on Monday. As the European Parliament’s Committee on Economic and Monetary Affairs voted down a bill. That bill could have outlawed proof-of-work in EU territory. The markets were volatile yesterday as investors waited to hear what the Federal Reserve would do with today’s policy meeting. The NASDAQ100 fell 2%, while SPX500 Index dropped 0.75%. DJ30 closed flat following these declines in stock prices.  The crypto market experienced a mild correction, with Ethereum, BNB, Solana, and XRP losing 2%. Bitcoin also fell slightly 1.6% in value and trading under $40,000 at the time of writing. Featured image from Flickr, chart from Tradingview.com  

Per the game theory concept, buyers who got their assets at a considerably lower price than the rest of the market and are still holding onto their stash will be happy to acquire the asset at even lower prices.

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2009 marked the beginning of an unprecedented bull market for both Bitcoin and the U.S. stock market, which has continued almost unabated since. However, there are constant rumblings of a crash, and the noise has lately increased. Not only due to stocks, a new COVID version and increased interest rates are driving firms to pay more to borrow money. This has prompted a decline in global markets. Cryptocurrency markets have been affected by this, along with worries of increased regulation. How likely is it for the stock market to crash? Taking cryptocurrency out of the equation, the mounting conjecture that a collapse is inevitable is based on sound reasoning. In the United States, the inflation rate was much higher than projected in June. There is currently a debate on lifting the debt limit due to the government’s ongoing issuance of bonds and accumulation of debt. Of course, the continuing pandemic relief effort justifies this. Government stimulus programs are being implemented, although other indicators, like the price of U.S. stocks, show that the money being spent is not necessary. The real estate market in the United States is also booming, and the Federal Reserve has previously voiced worry that investors are growing more irresponsible, citing the interest in-joke stocks and cryptocurrencies as examples. Speculation that a collapse is imminent due to all this money flowing into the economy is well-founded. Crypto value shall rise – a myth or reality? The debate over cryptocurrency value rise is expected to continue for some time to come. Stablecoin regulation has been of particular interest to U.S. authorities. Stocks continue to rise even though COVID-19 refuses to go away, supported by an unprecedented level of government backing. Now that quantitative easing programs have been discontinued, there is a slight fear of a stock market meltdown. Is it possible that crypto might suffer if the stock market collapses? If this is the case, bad news for Bitcoin (BTC) could be in store: There are indications that Bitcoin and stock prices have a significant association. Which cryptos to consider for a volatile-proof future? Looking for the most significant cryptocurrency investment in 2022 but unable to discern the excellent from the poor and ugly? This article examines eight top-rated volatile-proof crypto projects to keep a watch out for. The Best Cryptocurrencies to Invest in are – 1. Lucky Block Lucky Block is a new and intriguing cryptocurrency enterprise introducing blockchain technology to the multi-billion dollar lottery industry. It makes Lucky Block lotteries accessible to players all around the globe securely and transparently. 2. Dogecoin One of the most affordable cryptocurrencies in 2022 is Dogecoin, which now trades for less than $0.20 per unit. 3. The Graph “Indexing” is the specialty of the Graph project, which promotes the use of bitcoin and blockchain technologies. 4. Ethereum ETH is a well-known cryptocurrency that has established itself as the world’s de-facto platform for smart contracts. With a market value of $2 billion, the project has risen to a record high of nearly $4,000 per token. Conclusion Rather than complaining about the inherent volatility of cryptocurrencies, we should prepare for it. Cryptocurrencies tend to dip from time to time, but it’s normal.

The post Will the Value of Crypto Rise if the Stock Market Crashes? appeared first on Cryptoknowmics-Crypto News and Media Platform.

SoftBank revealed that it would be spending $150 million on a Metaverse platform. As the concept for the Metaverse continues

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