Monthly Archive:: July 2022

News Commentary #1,718 – Royal Stability | Advantages Of The Platform?

Another short update just came from RoyalStability – a TRIAL listing platform. It is kind of self – promotional news, the main aim of which is to remind potential investors about advantages of being a participant of it. Let me remind you that RoyalStability has been working for 227 days at the moment and has …

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Bitcoin price eyes $24K July close as sentiment exits ‘fear’ zone

Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average in focus for July close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30. The pair had benefitted from macro tailwinds across …

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Bad News is Good News: Bitcoin Plays With USD 24K as Traders Speculate on Fed Pivot and US Recession

Fed Chair Jerome Powell. Source: A screenshot, Youtube/Federal Reserve The price of bitcoin (BTC) traded above USD 24,000 on Friday morning (UTC), reaching its highest in nearly 7 weeks, after news that the US has entered what many consider a technical recession, as well as speculations that the US Federal Reserve (Fed) will soon turn …

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News Commentary #1,717 – RoboticsOnline | Japan Banks to Manage Crypto..?

More crypto news from the worldwide were brought to investors by RoboticsOnline (reviewed here). This time it was about Japan banks and their crypto services offered for people. So it looks like another country moves forward to full crypto regulation not to be left behind the progress AND along with that to switch on modern …

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Top NFT Collections Rise in Price After Latest US Fed Hike

Floor prices of some of the most popular collections of non-fungible tokens (NFTs) rose over the past 24 hours, as the US Federal Reserve (Fed) on Wednesday announced yet another rate hike in line with what the market was expecting. According to the NFT data provider DappRadar, the floor prices of the popular NFT collections Mutant …

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Bitcoin Tests USD 23,000, Ethereum and Altcoins Rally

Bitcoin price gained 10% and moved above the USD 23,00 resistance. Ethereum rallied 16% and surpassed USD 1,600, XRP broke the USD 0.35 resistance. ADA and SOL gained over 10%. Bitcoin price formed a support base above the USD 21,000 level. BTC started a steady increase and was able to clear the USD 22,000 resistance …

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News Commentary #1,716 – Avenue7 on Your Phone With Google Play ?

Avenue7 platform (TRIAL listing) has recently announced another update, which can be rather useful for their current and potential customers in order to let them join and as they say “to earn and manage your finances”.  Here’s their short update: Meet Avenue7 on your phone. Making money just got easier. Already available on Google Play! …

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Food Chain Giant Chipotle Shows That Bitcoin, Ethereum & Crypto Can Still Work in Marketing Despite Downturn

The ongoing crypto price dip has caused some investors to lose their appetite, but American grill restaurant chain Chipotle has a plan on how to use crypto to promote its jalapeño-rich food. The US fast food chain has unveiled a new interactive game called “Buy The Dip” under which players are eligible to win more …

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3 signs Bitcoin price is at a potential ‘macro bottom’

Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals. BTC’s price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000. BTC/USD daily price chart. Source: TradingView The recovery …

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News Commentary #1,715 – RoboticsOnline | Robinhood and FTX Exchange

Below you will be able to read some interesting stuff about FTX exchange (one of the biggest) and its plans to acquire Robinhood (one of the top retail trading platforms). As always such kind of news we get from RoboticsOnline (reviewed here) platform, so that they keep their members and potential investors in the know of what’s …

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Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS

The bulls are attempting to achieve a strong weekly close for Bitcoin (BTC), while the bears are attempting to regain their advantage. Analysts are closely watching the 200-week moving average which is at $22,705 and BTC’s current setup suggests that a decisive move is imminent. Many analysts expect a weekly close above the 200-week MA …

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Not just Bitcoin price: Factors affecting BTC miner profitability

The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin. Closely tied to the drop in the BTC price, Bitcoin mining profitability has been tanking since late 2021 and reached its lowest multi-month levels in early July 2022. According to data …

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News Commentary #1,714 – Avenue7 | 1,000 + Clients ?

In one of the recent news from Avenue7 platform of EN monitor TRIAL listing it declared about reaching of more than 1,000 clients all over the world. Well, of course we cannot check that for sure but if it’s true – that would be a great achievement if we take into account that Avenue7 has …

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