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The BTC price is already at a three-month low. The daily chart of Ethereum price levels showed a falling wedge shape. The Bitcoin price rebounded on Sunday, January 9, ending a six-day sideways trend. At press time, Bitcoin was trading at $41,898, with a $792 billion market value. On-chain data and RSI levels have been suggesting a trend reversal. The US Inflation Data due on Wednesday will be a significant factor to monitor. The CPI report will eventually determine whether the Fed will increase quantitative tightening (QT), affecting market liquidity and pushing up bitcoin prices. The BTC price is already at a three-month low, and any further decline might be catastrophic. The Bitcoin RSI has been at its lowest levels, perhaps indicating oversold conditions. The Bitcoin RSI has dropped to its lowest level in two years. This level was last observed in March 2020 and May 2021. However, bitcoin has started to bounce back and has gained 0.82 over the last 24 hours. BTC/USDT: Sou...

Global crypto market capitalization stood at $1.97 trillion. Bitcoin is up 0.33% in the last 24 hours. Over the weekend, the crypto market continued to decline as investors became more pessimistic about an early Federal Reserve rate rise. However, on Monday, the digital token cart recovered some of its losses. Global crypto market capitalization stood at $1.97 trillion, stabilizing the second day in a row, gaining 0.82% over the last day. There was a 23% drop in the entire crypto market volume to $71.19 billion. DeFi’s 24-hour volume presently stands at $13.29 billion, or 18.69 percent of the global cryptocurrency market. At $54.76 billion, stable coins make up 77.04 percent of the cryptocurrency market’s 24-hour volume. Global Cryptocurrency Charts (Source: CoinMarketCap ) Over the weekend, Bitcoin’s decline continued, as did that of most speculative assets. For the first time since late September, the biggest cryptocurrency’s market value reached $40,000, reducing its loss...

Team members reported the main Sequencer node hardware failure. 284 transactions were caught by the Sequencer. Arbitrum, Ethereum’s most popular Layer 2 solution today, has over $2.5 billion in total value locked up. While numerous Ethereum DeFi protocols, like Balancer and Uniswap, have already joined the mainnet since its August 2021 debut, more are anticipated to follow. Yesterday, due to a Sequencer failure, transactions could not be completed for seven hours. The Ethereum layer-two network, Arbitrum, had its second outage in less than five months due to a hardware malfunction. The Arbitrum One chain’s last block before the outage struck, according to Arbiscan and Offchain Labs data, was 4509808 and processed at 10:29:22 UTC on January 9. The Arbitrum team said: “The Sequencer is back online. Thank you very much for patiently bearing with us as we resolved the issue. More details about what occurred to follow.” Undergoing Testing and Still in Beta Phase In a subseque...

Launched in 2016, 1xBit is a crypto gambling platform. It has about 5000 slots and over 1000 sporting events every day. It also has provably fair games, including its own games. The variety of game genres is wide, with multiple games within each category. 1xBit supports over 30 coins, allowing participants maximum freedom and anonymity. However, users from the UK and the USA are geo-blocked and cannot participate. Security Features It has a firewall, SSL encryption and two-factor authentication. Moreover, it has a 2FA, a rare sight in the crypto casino sector. Users can enable it to establish an extra degree of profile security. The 2FA uses Google Authenticator, so users don’t need to supply their phone or email. Moreover, Using a provably fair mechanism, 1xBit’s proprietary casino games allow users to verify the result and fairness of every bet and game. Payouts The payout details on 1xBit.com vary per asset. All supported assets have one thing in common: no fees. That stated ...

SMB is a collection of 5,000 randomly produced 24×24 pixel monkeys. CryptoPunks NFT avatar sold for $500 million in October. Non-fungible tokens (NFTs) have never been more popular. OpenSea , Axie, and Rarible are fantastic NFT markets to use while offering an NFT marketplace development service beneficial for organizations entering the Blockchain Ocean. Decentralized finance, smart contracts, and NFTs are built on Ethereum . Despite its popularity, the platform is under stiff competition. While Ethereum and Solana have supporters, Ethereum is the most popular because it has the most transparent Dapp ecosystem. These opponents have some notable contrasts that cannot be overlooked. Moreover, cryptocurrency, applications, and worldwide payments all reside on Ethereum’s blockchain. Ether has a restricted transaction rate. It is also quite congested, forcing users to either pay a hefty charge or wait in line, allowing alternative blockchains to thrive. Solana Blockchain handles 30...

It’s been a rough start to the year for the crypto market. There is a feeling of optimism among lovers of meme coins despite the volatility. Coins like Dogecoin , Shiba Inu, Floki Inu , and other tokens associated more with internet jokes than mainstream cryptocurrencies have taken the brunt of the recent price decline from the record highs set late last year. It’s been a rough start to the year for the crypto market, with the overall market value dipping below $2 trillion, according to CoinMarketCap . Dogecoin is down about 80 percent from its all-time high of 74 cents in May, while Shiba Inu is down more than 65 percent from its record of fractions of a cent in October. Whale Reports $3billion Worth of Transactions SHIB’s present volatility was sparked by whales who initiated selling. Three billion dollars worth of cryptocurrency was shifted by a single whale into many accounts, causing panic in the markets. According to CoinMarketCap , today’s Shiba Inu price is USD 0.0000...