|All Time High:|
|Market Cap: |
|The price of #AUCTION today is $6.23 USD.|
The lowest AUCTION price for this period was $0, the highest was $6.23, and the exact current price of one AUCTION crypto coin is $6.22764.
The all-time high AUCTION coin price was $70.82.
Use our custom price calculator to see the hypothetical price of AUCTION with market cap of BTC or other crypto coins.
|The code for Bounce crypto currency is #AUCTION. |
Bounce is 2 years old.
|The current market capitalization for Bounce is $44,681,344.|
Bounce is ranking upwards to #355, by market cap (and other factors).
|There is a big daily trading volume on #AUCTION.|
Today's 24-hour trading volume across all exchanges for Bounce is $4,492,180.
|The circulating supply of AUCTION is 7,174,685 coins, which is 72% of the maximum coin supply.|
A highlight of Bounce is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
Bounce V3: Development Progress Update 1/31
Our development team is making final optimizations to BounceV3 ahead of its early bird launch on February 7th and public launch on February 20th. Our goal is to ensure that everything is in top condition before introducing our new innovations to the decentralized finance community. In terms of recent developments, the whitelist user trial function has been successfully developed and is currently undergoing thorough testing. This will allow users to trial the platform before committing to it fully, providing a great opportunity for them to get a feel for BounceV3 and its capabilities., Another key area of focus has been the optimization of the staking mechanism, which has now been completed and is undergoing testing. This feature is set to go live on February 20th and is expected to provide users with a seamless and efficient staking experience., The fixed swap function for the auction contracts has also been developed and is currently being tested. This function will enable users to execute fixed swap auctions on BounceV3, providing them with a greater degree of control over the process., The auction contracts themselves — fixedswap, dutch auction, sealed bid, and lottery — have completed their first round of audits and have been deemed secure and ready for use. This is an important step towards ensuring that the platform operates smoothly and efficiently, and that users can trust the outcomes of the auctions., In...
Advancing the Auction Landscape: Bounce’s Innovative Strategies for Meeting Market Demands
As the market cycles continue to evolve, so too must the mechanisms and methods by which we conduct auctions and offerings. At Bounce, we are constantly striving to innovate and improve upon our platform in order to meet the ever-changing demands of the marketplace and maximize capital efficiency. In the current landscape, we have seen the rise of the ICO during the 2017 market cycle, and more recently, the emergence of IDOs thanks to the innovation in the DeFi space. Our own decentralized auction platform, Bounce V3, currently offers six different types of auctions — Fixed swap, English, Dutch, Random Selection, Sealed-bid, and LBP — all of which serve a variety of use cases for both tokens and NFTs. However, we recognize that there is still room for further innovation and development. With that in mind, our team is currently researching and designing two new types of auctions that will be live on Bounce V3 in the latter half of 2023. The first of these is the Initial Orderbook Auction, which allows auctioneers and participants to place both ask and bid orders within a specific price range during a predetermined time window. These orders are then matched at the end of the auction and executed accordingly. This type of auction provides a great deal of flexibility for both parties and also facilitates spot trading following the auction, as prices and order book patterns are established during the auction period., ...
Salus Security Brings Enhanced Security Solutions for Projects on Bounce
We are thrilled to unveil that our security partner, Salus Security, will be providing professional security services to the Bounce network. It’s not secret that security breaches have been a major concern in the crypto industry. This is true for any blockchain network or Dapp, including Bounce. To combat this issue, we believe that all projects should undergo a thorough security audit before making their services available to the public. That’s why we are excited to introduce Salus Security, a leading cybersecurity service provider with expertise in both blockchain and traditional security. Their deep understanding of security will greatly enhance the level of protection for projects running on the Bounce network especailly as we approach the launch of Bounce V3 in February. When it comes to decentralized finance (DeFi) on Bounce, security and user experience are of paramount importance. Having a security audit performed by a reputable firm like Salus Security is a key step in ensuring that projects on the Bounce network are safe and reliable for users. This process involves a thorough examination of a project’s code and architecture, identifying and addressing any potential vulnerabilities. Not only does this provide an added layer of protection for users, but it also instills confidence in the project, which in turn leads to a better overall experience. With the DeFi landscape being a relatively new and rapidly evolvi...
Bounce V3 Weekly Development Update
We are excited to share that the development of Bounce V3 is progressing smoothly and we can’t wait for its upcoming release (Feb. 7th Early Bird Access & Feb 20th Public Launch). Our team of developers has been working hard to deliver a comprehensive and user-friendly platform every user within the broader crypto industry. Feel free to check out some highlights of our recent development progress below: Our user system has been fully established, providing support for users, enterprises, and institutions in their respective roles., The fixed swap function of our auction system has been successfully implemented., We have made significant improvements to our staking functions to enhance their overall performance., The Binance Connect feature has been added, allowing for direct token purchases on the platform., Our landing page has undergone a redesign to improve user experience., The idea function has been introduced, enabling users and enterprises to submit their own ideas and suggestions on the platform., Our auction contract is currently undergoing an audit process, including fixedswap, dutch auction, sealed bid, and lottery functions., With new features such as Binance Connect and the addition of an idea function, Bounce V3 promises to bring even more possibilities to our clients. The redesign of our landing page, optimization of our staking functions, and the audit of our auction contract are also a part of our ongo...
Bounce V3: Early Bird & Public Launch Dates
Ladies and gentlemen, the moment we’ve all been waiting for is finally here! As many of you are aware, the development of Bounce v3 has been ongoing for quite some time now. Despite the challenges of the bear market, our team has been tirelessly working to bring you the latest and greatest version of our platform. And we are proud to announce that the launch is rapidly approaching! For those of you who have been eagerly awaiting the release of Bounce v3, we are excited to announce that early bird applications are now open. We have been blown away by the overwhelming response from interested participants who have submitted their information for a chance to be whitelisted. However, please note that only a limited number of participants will be selected for the whitelist, and winners will be announced via email. So make sure to submit your information as soon as possible if you want to be considered. But the good news doesn’t stop there! We are thrilled to announce that early bird access for Bounce v3 will be opened on February 7th for whitelisted users, a full 13 days before the public launch on February 20th. That’s right, Bounce v3 will be ready and available for all to use on February 20th! We understand that this has been a difficult time for many in the crypto community, and we are honored to be able to offer a platform that will make it easier for users to navigate the market. Our team has put in countless hours to ...
Bounce V3: NFT Drop Functionality
Bounce has long been at the forefront of facilitating fundraising events within the decentralized finance (DeFi) ecosystem, and we are thrilled to unveil even more innovative features with the upcoming release of Bounce V3. One of the most exciting developments in this release is the introduction of NFT drops on Bounce, which provide a trustless and revolutionary new way for creators to build, raise, and launch within the NFT space. Below is a sneak peek at some of the different NFT drop options we’ll be releasing: With our Basic drop option, users can easily upload their artwork and customize their minting page, making the process seamless and intuitive., Our Multi-date drop option offers advanced capabilities such as allowlisting and distributing the drop across multiple dates, allowing for even more flexibility and control., The Airdrop option, meanwhile, is ideal for creators who wish to send NFTs to a specific group of users without conducting a public sale, and does not have a public collection page., We are excited to unveil more about this exciting new functionality as we approach V3’s public launch on February 20th. Early bird access for whitelisted users will open on February 7th, so be sure to sign up now for a chance to be considered for privileged access. Don’t miss out on this unparalleled opportunity to participate in the next frontier of NFT innovation and fundraising with Bounce V3. docs.google.com Ke...
Bounce 2023 Outlook and Roadmap
We founded Bounce in 2020 and introduced the world’s first decentralized auction platform. Our central philosophy is to provide permissionless tools for anyone in the ecosystem to create and participate in any auctions. There are many types of auctions for tokens and NFTs, including some that are industry firsts. As we have progressed, we have introduced additional products beyond decentralized auctions to meet market demand, including an NFT marketplace and freelancer platform. We believe that the market is rapidly evolving and that the needs of people in the ecosystem are also changing. We value community feedback and are always looking to learn about product needs in order to continue innovating in this space. We would be happy to take this opportunity to share our key value proposition and product roadmap for 2023 with you. — 2023 Philosophy and Ideology. — Hybrid Finance infrastructure (Hyfi) The Luna and FTX events had a significant impact on the cryptocurrency community. Both companies, representing both centralized and decentralized finance, failed to deliver on their promises. There have been numerous analyses of how these companies failed and how we can improve to prevent such occurrences in the future. It is important to recognize that centralized and decentralized finance are not mutually exclusive and should be complimentary. Both offer unique advantages and serve different groups of people, provid...
Bounce V3: Development Progress Update
Dear Bounce Community, As the holiday season approaches, we wanted to take a moment to wish you all a happy and safe holiday season. We hope you have a chance to relax and spend time with loved ones during this special time of year. While we have certainly been busy preparing for the launch of Bounce V3, we are pleased to report that we have made significant progress in the past few weeks. Our development team has been working hard to ensure that everything is running smoothly and that we are ready for launch when the time comes. We understand that many of you have been eagerly anticipating the launch of our product, and we appreciate your patience as we work to bring it to you all. We are confident that the hard work and dedication of our team will result in a product that meets and exceeds your expectations. Below are some more specifics regarding our progress: This week, our development team made significant progress on various initiatives in both sprint 1 and sprint 2. In sprint 1, we successfully completed tasks related to registration, login, enterprise information maintenance, and personal information maintenance., Additionally, 90% of interface joint debugging has been completed and the completed functions have undergone testing. There is currently one remaining bug to be addressed., In sprint 2, the auction module and static page for creating a pool have been completed. Our team is currently debugging the interfaces...
Bounce V3: Important Information & Key Features
As we approach the launch of Bounce V3, we would like to provide an overview of some of the key features and information you should be aware of. Sign Up & login Unlike previous versions, Bounce V3 utilizes a hybrid account system that requires users to register in order to build their profiles. There are three account types available: Individual, Company, and Institutional Investor. Each type of account comes with its own set of special privileges in addition to general features. The account system also includes email and social login options to make it user-friendly for users. Information & Network One of the key features of Bounce V3 is its information network, in addition to its web3 tools. Users can build their profiles as they would on traditional web2 platforms. The more complete and accurate the information on a user’s profile, the more potential opportunities they may have. For example, an individual’s profile may include information about their education and work experience, as well as any investments they have made. A company profile may include information about fundraising and the team behind the company. Users can also build profiles with different themes. For example, a web3 enthusiast, or “degen”, might provide information about their participation in web3 and list their activities using various defi tools. It’s important to note that these profiles are interactive and should not be consid...
Auction Smart Contract Upgrades: A More Secure & User Friendly Experience
Dear Bounce Community, We have received a lot of feedback and questions regarding certain auction pools. As we are currently developing V3, we wanted to let you know that we are aware of the issues and are working to improve the protocol. Our primary focus for V3 is to enhance the user experience and protect our users during auctions. One of the benefits of the Bounce decentralized auction system is its permissionless nature, which allows anyone to create and participate in auctions. However, this feature has also been exploited by malicious actors in the past. In V3, we plan to maintain the decentralization and permissionless nature of our system, but we are also implementing several measures to mitigate the impact of bad actors and improve user protection. These features include: Regret period: Participants will have a designated amount of time to re-think and revoke their participation in any auction. In doing so, the auction creator will not be able to claim the funds until the regret period has ended, and all participants will be able to withdraw their participation and receive their funds back. This will not only give participants more time to re-consider participating in a given pool but also help prevent malicious behavior from auction hosts., Report Scam: As a permissionless protocol, it can be difficult for Bounce, as a platform, to determine if a given auction pool is malicious. However, the community will now hav...
More Bounce (#AUCTION) News
|Dogecoin Gearing To Bounce Back Against Bitcoin – Does Doge Have T...
A popular crypto trader, Bluntz, forecasted a significant price rally for Dogecoin against Bitcoin today. Bluntz tweeted to his followers that the DOGE/BTC trading pair is “gearing for a revenge pump for probably 100% or more.”
Based on his chart analysis, Bluntz identified that Doge had formed a bullish pattern that may surprise the crypto community. Bluntz seems convinced that Doge will continue to surge its price, thus cautioning that investors would be careless for missing out on this potential opportunity.
Bluntz’s sentiment appears to be backed by other crypto market analysts who are also confident that Doge is destined for massive growth.
Bluntz also disclosed that the Dogecoin/USD trading pair has finally broken out of a consolidation channel, indicating that Doge is 'loading and set to lead the altcoin season.' He said it is just a matter before the meme crypto witnesses a huge price uptick.
Does Dogecoin Have More Potential Than Bitcoin? For investors seeking to invest in cryptocurrencies, Dogecoin is one of the major altcoins that can prove to be a better investment choice.
Dogecoin is currently the ninth-largest cryptocurrency. However, Dogecoin seems a good option for investors willing to take on a little risk.
Doge’s price appears relatively much less volatile than BTC’s price. As a result, its price’s relative stability makes many investors consider it a more suitable currency for daily transactions than B...
|BlockFi Wins Approval to Arrange Auction for Mining Business
Bankrupt crypto lending platform BlockFi received court approval to put its Bitcoin mining business up for auction.
The company plans to sell its equipment as fast as possible, to take advantage of currently favorable market conditions.
Selling While They Can
BlockFi lawyer Francis Petrie told US Bankruptcy Judge Michael Kaplan on Monday that the company has already received bids for many of its assets, and expects more to come, according to BNN Bloomberg. This comes a week after the company agreed to sell $160 million in loans backed by its Bitcoin mining hardware – some of which were already under collateralized
“We’ve received substantial interest in the market for bidding purposes and current volatility in the cryptocurrency market, which means we need to act quickly,” said Petrie. Bitcoin’s price rose from under $17,000 to above $23,000 in January, bringing the average Bitcoin miner back into the profit zone, according to Glassnode
BlockFi’s saleable assets include its ASICs – computer hardware specifically designed to mine Bitcoin in a cost-effective manner. Celsius – a rival crypto lender that went bankrupt last summer – has also been selling its mining equipment as part of its restructuring process, with plans to sell tens of thousands of additional machines.
Bids for BlockFi’s assets are due by Feb 20. An auction will be held a week later, with BlockFi to return to court in March to examine...
|Solana Price Attempts To Bounce Back But Will It Breach $15?
After a period of sluggish price action, the price of Solana has finally made a significant recovery on the chart. In the last week, the coin has surged over 9%. Although SOL might be moving up slowly, from a technical standpoint, the altcoin has recovered and might stage a rally in the upcoming trading sessions.
Buyers were gradually re-entering the market, indicating that SOL registered accumulation. However, capital inflows remained low. With consistent upward price action, capital inflow will also register a positive change.
Now that SOL has made small gains each day, the next resistance mark for the coin stands at $15. If Solana's price breaks past $15, the coin can rally to $18. Although the Solana price has shown signs of recovery, it is still too early to say if the coin has gotten out of the woods. One push from the bears will bring SOL down to its closest support level.
Solana Price Analysis: One-Day Chart
Solana was priced at $13.73 on the one-day chart | Source: SOLUSD on TradingView
SOL was trading at $13.73 at the time of writing. At the moment, SOL was resting above the $13 support line. There needs to be support from buyers and the broader market for Solana to topple above the $14 price mark.
The aforementioned price ceiling should not be too difficult to surpass, given that the altcoin has been trading quite close to that level. On the other hand, the first support for Solana's price was $13. Failing to remain above that will bring the coin down to $10.50. T...
|Solana Loses 60% Of Its Value After FTX Collapse – Can SOL Bounce ...
The Solana (SOL) ecosystem, according to Laguna Labs Chief Executive Officer (CEO) Stefan Rust, took a harder hit compared to other major digital coins such as Bitcoin and Ethereum following the collapse of the FTX crypto exchange.
Here's a quick glance at SOL performance:
Following the collapse of FTX, Solana lost almost 60% of its market value
SOL has gone up by 2% over the last 24 hours, trading above the $14 marker
Solana coins deposited on blockchain decreased sharply, from 68 million in June to just almost 25 million now
“In the current crypto shakeout, the most unfortunate innocent victim is the Solana ecosystem,” Rust said.
The CEO noted that the network’s native token, SOL, dropped by nearly 60% since FTX collapsed.
In comparison, Bitcoin fell by 19% and Ethereum went down by almost 20%.
Rust and other crypto players have reasons to believe that FTX and its trading firm Alameda Research sold large quantity of Solana crypto to mitigate its losses and stay afloat, affecting the cryptocurrency and its trading price.
Whether the altcoin can make a comeback during the next few days or not, it’s anyone’s guess up to this time especially that its technical indicators are considered underwhelming from the bulls’ perspective.
How Solana Is Performing And Where It's Headed
After dipping all the way down to $12.07, SOL mounted a recovery of its own, going up by 2% over the last 24 hours to trade at $14.21 at the time of this writing accord...
|Visa Warms Up Fans With NFT Auction Ahead of Soccer World Cup in Qatar
Financial services giant Visa has set out to activate soccer fans for the upcoming World Cup Qatar 2022 with a non-fungible token (NFT) initiative. FIFA’s payment partner has teamed up with the governing body’s crypto sponsor to celebrate the planet’s most popular sport, art and technology.Visa and Crypto.com Offer Soccer Fans Iconic NFTs, Chance to Create Their Own Tokens
Visa, the official payment technology partner of soccer’s governing body, FIFA, has announced the launch of a series of unique digital collectibles representing iconic goals from five legendary footballers. The Visa Masters of Movement NFTs are now available on Crypto.com, which is FIFA’s official crypto trading platform sponsor.
The auction comes ahead of the 2022 World Cup, which will be held between Nov. 20 and Dec. 18 this year. The experience will come to life later this month on an interactive pitch at the FIFA Fan Festival in Doha, where fans will be also offered an opportunity to create digital art inspired by their signature movements and mint it into their own NFT, a press release detailed.
Commenting on the initiative, Senior Vice President and Head of Sponsorships at Visa Andrea Fairchild stated:
As FIFA World Cup 2022 approaches, we want to celebrate football, art and technology through the lens of what makes the FIFA World Cup so special — wildly impassioned fans, legendary athletes and for a few short weeks, the ability to bring the world together in a uniq...
|Ethereum Price Won't Go Down Quietly: Risk of Bounce Grows
Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone.
Ethereum is holding the main breakdown support at $1,265. The price is now trading below $1,310 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if there is a clear move above $1,300 and $1,320. Ethereum Price Remains Supported
Ethereum attempted a fresh increase above the $1,300 level, similar to bitcoin price. ETH struggled to gain pace for a move above the $1,320 level.
The price traded as high as $1,310 and started a fresh decline. There was a move below the $1,300 support zone. It retested the $1,265 support zone. A low is formed near $1,270 and the price is now consolidating losses. Ether price is now trading below $1,310 and the 100 hourly simple moving average.
An immediate resistance on the upside is near the $1,290 level. It is near the 50% Fib retracement level of the downward move from the $1,310 swing high to $1,270 low.
Source: ETHUSD on TradingView.com
The first major resistance is near the $1,295 level and the 100 hourly simple moving average. There is also a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD. A clear upside break above the $1,300 resistance zone could open the ...
|Short Relief Bounce For Altcoins? If Crypto Marketcap Can Do This
Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment for the altcoins. Cryptocurrency market capitalization looks strong on both low and high timeframes.
Cryptocurrency market capitalization prepares for a breakout on the daily timeframe after forming a descending triangle. The Crypto Marketcap had had a tough time regaining its hype when the crypto market cap was at its peak of over $2.8 trillion, with most crypto assets performing at their best. The crypto market capitalization also called the crypto market cap, takes in market data from a range of cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOSIO network (EOS) — to provide a fuller, real-time picture of how the crypto asset sector is performing.
Crypto Market Capitalization Price Analysis On The Weekly Chart
Weekly Total Market Cap Price Chart | Source: On Tradingview.com
The new month has been a relief for most crypto projects, with altcoins such as BTC, ETH, and even XRP, with the market cap, continues to look promising ahead of a major rally.
With the market having a rally to an all-time of over $2.9 trillion, this positively impacted the price of altcoins and major assets as the market found itself in a blooming phase with so much euphoria.
After hitting over $2.9 trillion market cap, the price declined from that region, acting as resistance or ...
|Bitcoin Bounce Coincides With Possible Macro Reversal | BTCUSD Analysis ...
In this episode of NewsBTC's daily technical analysis videos, we compare Bitcoin price with the S&P 500, WTI Crude Oil, Gold, and the almighty dollar through the DXY.
Take a look at the video below:
VIDEO: Bitcoin Price Analysis (BTCUSD): October 4, 2022
Bitcoin price is back over $20,000 and you can finally feel the sentiment starting to change. The change is happening all across the rest of finance, and not just crypto, which is the focal point of this video.
Stock Market Correlation With Crypto Continues
To start, comparing the S&P 500 against Bitcoin, shows that Bitcoin tends to top out prior to the stock market. Importantly, BTC and the SPX have been more tightly correlated than in the past.
This is notable because along with Bitcoin, US stock indices have turned sharply up. Both asset classes are down considerably from all-time highs, so this is nothing yet to celebrate.
Bitcoin tops well ahead of the SPX | Source: BTCUSD on TradingView.com
Oil Slips Slightly After BTC, But Turning Up Sharply
In yet another macro comparison with WTI Crude Oil, we can see that oil tends to trail crypto and stocks slightly.
Oil prices tend to fall even more sharply than crypto during corrections, but are fewer and further between. Comparing gold against the top cryptocurrency by market cap, we can see that the bullish impulse that began in 2019 in gold kept running far beyond what Bitcoin was capable of. Despite this, this was the birth of the digital g...
|Here's When Celsius Network Will Auction Assets Following the Bankruptcy
The much-anticipated auction of assets belonging to bankrupt Celsius Network is likely to begin later this month.
The embattled lending platform submitted an auction plan to the United States Bankruptcy Court for the Southern District of New York on Monday, media reports said.
Here is all that you need to know about it:
Celsius has set the deadline of 4 pm, October 17, for the bids to be submitted. If required, an auction will be held on October 20 at 10 am.
A sale hearing on Zoom where a large number of participants are expected will be presided over by Chief US Bankruptcy Judge Martin Glenn on November 1, at 11 am.
As per media reports, FTX is likely to bid for the troubled lending platform after recently making a successful bid for Voyager Digital, outbidding Binance in the process.
The Sam Bankman-Fried (SBF)-led company is reportedly expected to go for $1-billion fundraising to finance new acquisitions. FTX has been at the forefront of acquiring distressed assets after the market meltdown in May.
On September 27, Alex Mashinsky resigned as Celsius CEO as his financial conduct leading to the bankruptcy came into sharp focus.
In a voluntary disclosure, Mashinsky revealed to the unsecured creditor committee that he had withdrawn $10 million in May, weeks before Celsius paused withdrawals.
The post Here's When Celsius Network Will Auction Assets Following the Bankruptcy appeared first on CryptoPotato.
|FTX Wins Auction for Voyager Digital Assets Worth Over $1 Billion
Following the bankruptcy filing of beleaguered crypto exchange and investment platform Voyager Digital back in July, the bankrupt firm’s leadership has explored multiple avenues that would potentially allow them to make a comeback and return assets to its customers.
Following a recent auction, the company’s troubles seem to have come to an end.
FTX Gets the Last Laugh
Shortly after Voyager declared bankruptcy, FTX offered to bail it out in order to keep it afloat. However, the proposal was quickly spurned by Voyager, who struck back at the SBF-led exchange in a heavy-handed court document.
“Voyager will entertain any serious proposal made pursuant to the Bidding Procedures described in its Motion. It seems clear, however, that AlamedaFTX’s Proposal, which was made in contravention of the proposed Bidding Procedures, was designed to generate publicity for itself rather than value for Voyager’s customers.”
Unfortunately for Voyager, not many options were on the table – and following an auction that lasted over two weeks, FTX will be buying up all company assets through its US subsidiary West Realm Shires Inc.
Hefty Price Tag of Over $1 Billion
The weeks of deliberation leading up to the final offer saw the estimated price of Voyager assets rise to about $1.422 billion, according to a press release published by Voyager Digital earlier today.
This price consists of current assets believed to be worth $1.311 billion in “fair market v...
|FTX Wins Auction For Voyager Digital Assets, Valued Over $1B
Voyager Digital has officially completed it's auction for acquisition, with powerhouse exchange FTX securing the winning bid, according to emerging reports (and confirmed via press release) in recent hours. Reports in recent weeks had stated that the flagship exchange was in the bidding mix with competitors Binance and CrossTower, with all three supposedly in the final running for Voyager's assets - and each of which were supposedly offering unique packages in the bidding process.
With FTX coming out on top, let's take a look at what sort of implications can lie from this acquisition moving forward.
FTX & Acquisitions
FTX has long sought a 'growth by acquisition' model with mixed results. The firm is currently in the process of working through an acquisition of CeFi crypto lender BlockFi, which sought to avoid the same fate as competitor Celsius. FTX's U.S. division is looking to acquire BlockFi, and can now add Voyager Digital to it's list of new assets to build the FTX rolodex. While the aforementioned Binance and lesser-known exchange CrossTower were reportedly in the mix, it was FTX who came out with the most appetizing bid - despite rumors that Binance's offer included a large cash sum payment.
Rumors had swirled in recent days around the deal's closing, with commentators suggesting that FTX would shell out $50M in cash in it's bid, and that the company desired that existing Voyager customers were moved over the FTX platform - where they could claim a pro rata shar...
|Why Bitcoin Price Could Bounce After Today's FOMC Meeting
The Bitcoin price has been moving sideways over the past few days bound solely to macroeconomic factors. The benchmark cryptocurrency was rejected north of $20,000 after “The Merge” and seems poised to face volatility over today’s trading session.
At the time of writing, Bitcoin (BTC) trades at $19,200 with sideways movement in the last 24 hours and a 5% loss over the past week. As the market moves past “The Merge”, crypto has returned to its correlation with global markets and the most important factors driving the price action: inflation and interest rates.
BTC's price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview
What To Expect For The Bitcoin Price Ahead Of The FOMC Meeting? Later today the U.S. Federal Reserve (Fed) will hold its Federal Open Market Committee (FOMC) meeting where it will announce its upcoming interest rate hike. As it has happened in the past month, the crypto market is poised to see an uptick in volatility ahead of this major event.
Market participants seem to be expecting another 75 basis points increase after the latest Consumer Price Index (CPI) print and the Non-Farm Payrolls (NFP) metrics. The results of these reports hinted at persistent core inflation in the U.S. dollar, according to trading desk QCP Capital.
The firm believes that the market will be looking at today’s interest rate hikes, the Fed’s plan for the future of its monetary policy, and its reaction to inflation. In that sen...
|Central Bank Chairs Push Bitcoin Price To The Downside, Will BTC Bounce ...
The Bitcoin price is hanging by a thread as it retraces its gains from yesterday’s trading session. Once again, macroeconomic forces seem to be taking over the price action as the number one cryptocurrency by market capitalization looks into the abyss of a potential fresh leg down.
At the time of writing, Bitcoin price trades at $19,077 with a 5% loss and a 1% profit in the last 7 days and 24 hours, respectively. BTC is looking at two potential support levels in short timeframes to prevent further downside.
BTC's price moving sideways on the daily chart. Source: BTCUSDT Tradingview
Bitcoin Price Reacts Bearish To ECB Interest Rates Hikes
Today was poised to be a volatile day as the Chairmans of two of the world’s largest central banks, the European Central Bank (ECB) led by Cristine Lagarde and the U.S. Federal Reserve (Fed) led by Jerome Powell, made important announcements.
The ECB announced a 75-basis point interest rate hike, the biggest in its history. In the coming months, the financial institution will continue to hike as they aim to “dampen demand and guard against the risk of a persistent upward shift in inflation expectations”.
In addition to stopping inflation, the same target as the U.S. Fed, the ECB is looking to slow the Euro from crashing against the U.S. dollar. In light of the current macroeconomic uncertainty and the spike in global energy, people have been fleeting to the dollar.
This has led to a crash in the European currency, leg...
|Avalanche Plays A Game Of Bounce Or Die, Can Bulls Win This Fight?
Avalanche (AVAX) price continues to hold key support against tether (USDT) as price finds itself amid death or survival. The crypto market has become promising as most altcoins appear bullish coming out of their shells, but the likes of Avalanche (AVAX) price continue in their struggle to survive. (Data from Binance)
Avalanche (AVAX) Price Analysis On The Weekly Chart
The price of AVAX has had a tough time replicating the move from a weekly low of $16 to a high of $30 as the price continues to remain dormant with little price action. In recent weeks, the price of AVAX showed so much strength rallying to $30 before being rejected, and the price has failed to hold above $22, acting as an area of interest.
AVAX price was not able to break out of the downtrend channel, forming a strong bullish bias as the crypto market could be set for a minor rally.
The price of AVAX saw a rejection from $25 and has struggled to reclaim this region; for AVAX to have a chance of trending higher, the price needs to reclaim $25 and flip it into a support for the price to trend higher.
If the AVAX price maintains this bearish structure, we could see the price of AVAX retesting the weekly low of $17, serving as good support for buy orders.
Weekly resistance for the price of AVAX - $25.
Weekly support for the price of AVAX - $17.
Price Analysis Of AVAX On The Daily (1D) Chart
Daily AVAX Price Chart | Source: AVAXUSDT On Tradingview.com
After retesting the daily low, AVAX's price bou...
|Bitcoin (BTC) Must Make It Past This Threshold To Bounce Back
The United States just released the Employment Situation Summary, which describes the present state of the American labor market. Bitcoin, the dominant crypto currency on the market, is banking on the freshly disclosed data for a possible bear market departure.
Bitcoin has struggled to maintain its value inside the critical $20,000 level. Despite this, investors have elected to HODL over the forthcoming crypto winter. Over 62% of addresses with the currency have not been sold in the past year. This could suggest that investor sentiment as a whole is mixed.
Despite the fact that some investors elected to continue holding the currency, 32% of investors chose to sell the currency after holding it for between one and 12 months, while 6% sold their currency after holding it for only one month.
Many Believe Bitcoin Will Recover
While investor mood has been extremely volatile, the large proportion of investors who opted to hold indicates that many continue to believe Bitcoin will recover. This may be the case now, as Uncle Sam has provided a breakdown of the total employment picture in the United States.
Since the release of the jobs report, the Bitcoin market has gained minimally. Coingecko reports that the price of Bitcoin at the time the report was published was $20,060.85.
This reasonably large price increase from the early morning price of $19,632.46 was, however, unavoidably lost throughout the course of the day.
The Crucial $25K Price Point
Even if the price eventually ...
|Comedian Bill Murray's Wallet Hacked for $186K Worth of Ethereum After N...
American actor and comedian Bill Murray saw 119.2 ethereum drained from his wallet on September 1, 2022, after Murray held a non-fungible token (NFT) charity auction. Statistics show that most of the tokens and NFTs in Murray's wallet have been moved, and roughly $556 in token value remains.Bill Murray Loses 119 Ethereum to Hackers - Comedian's Team Is Working With Law Enforcement, Chainalysis
On Thursday, Bill Murray, the popular actor and comedian best known for his appearances on Saturday Night Live and The National Lampoon Radio Hour, saw 119 ether siphoned from his wallet. The story was first reported by Coindesk and author Eli Tan notes that onchain data and 'details from Murray's team' explain his wallet was drained at around 7:00 p.m. (ET) on Thursday evening. Data from dappradar.com's portfolio tool indicates that Murray's wallet has roughly $556 in tokens and NFTs still held in the wallet at 7:00 p.m. (ET) on September 2.
A large portion of Murray's portfolio has been removed from the hacked wallet, according to the report. Onchain data shows Murray's security team removed blockchain assets such as The Flower Girls NFTs, Boss Beauties, Hashmasks, Adam Bomb Squad, Deadfellaz, Gutter Cat Gang, Cryptopunks, Veefriends, Cool Cats, Damien Hirst NFTs, Pudgy Penguins, and Cryptotoads.
Murray's charity sold a 1/1 NFT from the 'Bill Murray 1000' NFT collection hosted on the Coinbase NFT marketplace. Murray's team believes the stolen funds were sent to an exchange and the t...
|Ripple Price Analysis: Following a 13% Drop, Can the Bulls Bounce Back?
The crypto market has experienced a deep correction in the last two days. A downward movement from a high of $0.392 on August 17 caused Ripple to lose more than 13% of its market capitalization at the time of this writing.
The Weekly Chart
After three weeks of swinging below horizontal resistance at $0.39 (in red), the bears finally aggressively pushed the price down. This formed a giant red daily candle over the last two months. The key is that the pair has already reached support that coincides with the previous bottom. Technically, a bullish trend often reverses when a lower high and lower low appear on the chart. If the bulls fail to defend this horizontal support at 0.33 (in green), then the formation of a bearish structure is triggered. In this scenario, the next support at $0.3 (in white) will likely be retested after more than a month.
On the opposite side, unless Ripple can flip $0.39, the start of a significant bullish trend is unlikely.
A third scenario is that traders who have taken short positions book their profits. This increases the price to around $0.36, which can be considered a pullback. If the pair can close above this level, the bulls will have another chance to test the descending line resistance (in yellow).
Currently, the bears have more control over the market, and it remains to be seen if they can defeat the bulls, who are defending $0.33.
Key Support Levels: $0.33 & $0.30
Key Resistance Levels: $0.36 & $0.39
|Bitcoin Bound To Bounce Back, Rockefeller Exec Says
Rockefeller International's Managing Director and Chairman, Ruchir Sharma, argues that Bitcoin (BTC) is really a brilliant concept. One that has been destroyed by excessive speculative fervor and easy access to cheap capital.
Bitcoin Rebound Is A Matter Of Time
Sharma, a New York Times bestselling author and former emerging markets investor at Morgan Stanley (MS), predicted that bitcoin could experience a comeback similar to that of Amazon. Amazon's value fell by about 90% during the early 2000s dot-com collapse but increased by more than 300 times over the course of the following 20+ years.
Although Sharma agrees that there may be more turbulence for bitcoin and the larger world of digital assets over the next months, this may also serve to remove weak players from the market. Some claim that has already occurred.
According to him, Bitcoin is still 'caught up in this speculative mania,' and is still indicating a partial worldwide collapse. He brought up the Amazon incident again, noting that it took the company some time to recover. The shares of the online store needed some time to match and surpass its frothy 1999 level.
Reltaed reading | TA: Bitcoin Price Trims Gains, Key Breakdown Support Nearby
The early 2000s dot-com bust led to a huge decline in the value of Amazon's shares. However, during the course of the following 20 years, the value of the shares was able to increase by a factor of more than 300.
“I’m not willing to call the [market] bottom ...
|Rap Star Snoop Dogg Believes Crypto Industry Will Bounce Back — Cr...
This week, the rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC on Tuesday and explained that he believes the cryptocurrency economy will bounce back. Snoop said that he feels like the crash ''weeded' out all of the people' that were not supposed to be in the space in the first place.Snoop Says Crypto Crash Is Transitory and Great Choices Will Follow the Aftermath
Snoop Dogg thinks the current crypto crash is temporary and in time he believes the ecosystem will bounce back. Speaking with CNBC on Tuesday, the hip-hop recording artist discussed his current perspective on non-fungible tokens (NFTs) and cryptocurrencies.
While talking about NFTs, Snoop said that what drew him toward the digital collectibles space was the intellectual property (IP) ideas and 'being able to own and control the whole IP and not be used as a face or marketing tool … but to actually be the owner, the CEO.'
When Snoop was questioned about the current crypto market drawdown, he responded by saying that he doesn't think it will last long.
'It's crypto… It's crypto, you know that right?' Snoop jokingly asked the CNBC reporter. 'I feel like it was a beautiful industry that was created. I feel like every great industry has a downfall, there's always a depression in every industry you could look at. Alcohol, tobacco, clothing, and food,' the rapper added.
Snoop continued by remarking that he thinks the crash is ridding the industry of bad apples. The recording artist and...
|Metaverse Project GensoKishi Online Holds 2nd NFT Auction
PRESS RELEASE. GensoKishi, a new fantasy world economy with blockchain technology by incorporating elements of NFT and GameFi on the Metaverse is pleased to announce its 2nd commemorative NFT Auction to be held from June 15th, 2022 at 18:00 (UTC+8) to June 22nd, 2022 at 17:59 (UTC+8) !
The 2nd round NFT auction will feature a wide range of Cosplay Equipment NFTs, from Legend-class NFTs, which will all be one-of-a-kind exclusive items, to SuperRare-class, Rare-class, and Normal-class items.
As we had a number of bids during the 1st NFT Auction, we expect to see many more attendees during the 2nd NFT Auction. And for the first time the auction bidding currency will be in MV instead of USDT, so if you plan on participating in the NFT Auction, please make sure you have MV available in your wallets before the auction period starts.
NFT Auction Round2
The Official GensoKishi NFT Auction Round 2 website here
How to make a bid
The bidding screen is available at the bottom of the auction page. To bid, follow the steps below
Select the MV network for your bid (ERC20 or Polygon)
Enter the amount of MV you wish to bid
* Minimum bidding amount is 100MV.
After typing in your bidding information, click the 'Bid' button and your bidding process will be completed.
* The 'Bid' button on the auction page will display once the auction starts on June 15, 2022, from 18:00 (UTC+8).
Cosplay Equipment NFT items
'Cosplay Equipment' is one of the main features of this game.
For example, in an RPG, a ...
|XOXO Is Flipping the Script and Announcing a Genesis Collection Auction
PRESS RELEASE. Gather up your partner, family, and friends to come and be a part of the genesis XOXO NFT collection, known as the 'XOXO Love stories'.
101 Exclusive non-perfect couples, that were handpicked by the Devirs, with a one-of-a-kind background love story. Each piece has a special narrative written individually by Maya and Yehuda themselves.
All of the 101 NFT holders will receive a physical book with all 101 Love Stories from the collection, signed by Yehuda and Maya according to the purchased NFT's story number. An extra airdrop of 1 XOXO NFT from the main collection and additional unique perks will be revealed by Maya & Yehuda in a private online meeting soon.
The decision to split the main collection into two stages with different types of sale options was a bold one for the highly expected project, one that came after plenty of feedback from both the XOXO community and social media.
The Devirs assured their fans that these steps were taken after listening to the XOXO community and its members, implementing their voices into the shaping process of this venture.
And all this, while being announced as speakers at ART Basel 2022 and appearing at the NFT.NYC conference – another exciting news and essential step in the bonding process of the Devirs and their beloved XOXO community.
It's a marathon effort when it comes to perfecting the XOXO universe as it aims to offer a wide variety of utilities, hold a high level of art – as the Devirs presented throug...
|Cardano Price Analysis: Dead Cat Bounce or Recovery for ADA Following 9%...
Despite the massive selling pressure over the past few days, ADA has managed to hold firm at the $0.45 support level. But is the current upward momentum a dead cat bounce or the beginning of a recovery?
Key Support levels: $0.45, $0.38 Key Resistance levels: $0.45, $0.55
After a significant crash, the market is taking a breath, and ADA seems to have found good support at $0.45. If this key level can hold any further selling pressure, then the cryptocurrency might reverse this trend and test the key resistance at $0.55.
Chart by TradingView
Technical IndicatorsTrading Volume: Volatility exploded in the past week, which has put tremendous pressure on the levels shown on the chart. The volume spiked yesterday, but ADA managed to hold strong at the key support. This is encouraging.
RSI: The daily RSI managed to make a higher low during this latest crash. If the price stays above the key support, then bulls may attempt to regain control.
MACD: Unfortunately, the daily MACD has turned bearish yesterday, but this is not a major concern as long as ADA maintains its support at $0.45.
Chart by TradingView
The bias for ADA is neutral, but given the overall market condition - it leans toward bearish
Short-Term Prediction for ADA Price
ADA is at a critical support level which was defended successfully three times to date. This is an impressive achievement in a market that completely tanked over these last few days making lower lows.
|Eurovision Winners' NFT Auction Raises $900K for Charity
Kalush Orchestra, the winners of the Eurovision Song Contest 2022, have successfully auctioned off an NFT for charity. The auction was held on MetaHistory - the official Ukrainian charitable NFT museum – and raised $900,000 in cryptocurrency for Ukraine.MetaHistory and Kalush Orchestra's NFT Charity Auction
The largest European crypto exchange originating from Ukraine, WhiteBIT took home the iconic crystal microphone trophy. The auction on the MetaHistory platform raised $900,000 with the Eurovision Song Contest 2022 prize sale.
WhiteBIT simultaneously broke two Ukrainian records. They made the most expensive (500 ETH) purchase of NFT and it's the largest amount of donation during the live stream. The company has a goal to spread blockchain technology and expand the cryptocurrency community, and perhaps it was this that inspired them to establish a record and give the largest donation to support their country with cryptocurrency.
'WhiteBIT is grateful to the global community for supporting our country during this difficult time. As Ukrainians, we want our Western partners to know that Ukrainian businesses and entrepreneurs are also investing all their resources to maintain the fighting ability of our brave soldiers. The decision to donate in this auction, organized by the Kalush Orchestra, was completely conscious and thought-through. Indeed, $900,000, even for a crystal microphone, is a lot. But $900,000 to help the Armed Forces is only a small portion of the full con...
|Can Bitcoin Bounce Back To $35K? Here's What Stands In The Way
No action in the crypto market as Bitcoin still trades around the $29,000 to $30,000 area. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. Dakota
The “Black Swan” event has preceded one of the worst periods for the space as Bitcoin and Ethereum recorded record consecutive losses. At the time of writing, BTC’s price trades at $29,500 with a 2% loss in the last 24-hours.
BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview
According to a pseudonym trader, Bitcoin could be ready to re-test the lows at $29,000 before resuming its bullish momentum. The trader expects BTC’s price to potentially dip below this level and then bounce back to $35,000.
This would put Bitcoin close to the bottom of its current range. Therefore, a move to the upside and some relief seems logical, if BTC is to continue to trend rangebound.
In that sense, the pseudonym trader recommended to “play the trend” and re-examining if BTC breaks above those levels. The trader said via Twitter:
Before you get discouraged about trading just remember this tiny little range of chop is what's been so difficult for everyone to figure out. Once a direction is established from here it'll get easier.
A report from QCP Research agrees that $28,700 is a major area of support, in case of further downside, as it stands as BTC’s current 61.8% Fibonacci retracement level. These Fibonacci levels have been “pivotal”, the report says, for Bit...
|Eurovision Song Contest 2022 Winners Release NFT for Ukraine Charity Auc...
Kalush Orchestra, the winners of the Eurovision Song Contest 2022, are auctioning off an NFT for charity. The auction started May 25 on MetaHistory - the official Ukrainian charitable NFT museum – and will last only until the 28th. Bids will be accepted in both cryptocurrency and fiat currency (via Monobank), thus creating a friendly competition for what type of currency can bring the most donations.Kalush Orchestra Auction NFT for Ukraine
The Eurovision Song Contest 2022 took place on May 14 in Turin, Italy. The event had a television audience of 161 million viewers in 34 measured markets, and 18 million viewers also watched the contest online on YouTube and TikTok. The winner was the song Stefania, performed by Kalush Orchestra. Now the band is auctioning an NFT of the Eurovision Glass Microphone Trophy awarded it to collect donations to help Ukraine.
By purchasing the NFT with cryptocurrency, the lucky owner receives: A 100% unique digital NFT file featuring a microphone and Kalush Orchestra. An exclusive meeting and dinner with members of the Kalush Orchestra. As well as an opportunity to receive the physical object, the Crystal Microphone, as long as the bid is higher than the fiat currency bid.
The voice of Ukraine will sound as loud as possible with our special NFT auction Stefania where you will be able to bid for a statue of Eurovision 2022 winners.Auction starts right now and lasts till May 28th 19:00. Get your 12 points from Ukraine now!https://t.co/Boh9Svh...
|The 'Growth Collection'— Ross Ulbricht to Auction Bitc...
Following Ross Ulbricht's non-fungible token (NFT) sale that raised 1,446 ether or $6.27 million at auction, Ulbricht is dropping another NFT compilation called the 'Growth Collection.' According to the announcement, the NFTs will be minted using the Bitcoin blockchain and will be auctioned at the Bitcoin22 conference in Miami on April 6-8.Ross Ulbricht Is Preparing Another NFT Auction That Includes Four Physical Oil Paintings and One Hand-Drawn Animation
Ross Ulbricht is preparing to auction a new NFT collection on Satoshi Nakamoto's birthday, according to an announcement sent to Bitcoin.com News. The latest NFT collection follows Ulbricht's last NFT auction which was sold for 1,446 ether, or $6.27 million at the time of settlement. That specific collection was acquired by the Pleasrdao project and the collection was later fractionalized. The fractionalized NFT collection is the 9th-largest fractionalized NFT project with a market capitalization of around $2.68 million.
On October 1, 2022, Ulbricht will begin his 10th year in prison as he was handed a double life sentence without parole for his involvement with the Silk Road marketplace. The investigation into Ulbricht's case was a travesty filled with controversy and rogue officers, and the following trial was considered by many to be a miscarriage of justice. Ulbricht and his family have been fighting for his freedom ever since, and currently Ulbricht has a clemency petition hosted on change.org that's nearing 500K signatu...
|Phillips Auction Featuring Basquiat Painting Worth $70M to Accept Bitcoi...
On May 18, the auction house Phillips will be hosting an evening sale featuring the work of the American artist Jean-Michel Basquiat. Phillips' Evening Sale of 20th Century & Contemporary Art will auction Basquiat's 'Untitled, 1982' piece worth an estimated $70 million. According to the announcement, Phillips has revealed the auction will accept ethereum or bitcoin for the artwork.Phillips to Accept Bitcoin and Ethereum for Jean-Michel Basquiat Art Auction
The renowned art collector Yusaku Maezawa and the 225-year-old auction house Phillips will be hosting an art auction on May 18, featuring the work of Jean-Michel Basquiat. The American artist is very popular within the neo-expressionism movement and has been compared to the Spanish painter Pablo Picasso who co-founded the Cubist art movement.
The art featured at the Evening Sale of 20th Century & Contemporary Art will be Basquiat's sixteen-foot wide 'Untitled, 1982' painting. The 'Untitled, 1982' standing at eight feet tall and over 16 feet wide, has an estimated value of around $70 million, according to the auction house Phillips.
'This striking horizontal format is likely a nod to Pablo Picasso's masterwork 'Guernica,'' the Phillips announcement notes. 'I hope that Untitled will continue its great journey in good hands and that it will bring smiles to many people all around the world,' the painting's consignor Yusaku Maezawa said.
The announcement further details that the auction company will allow people to purchase the...
|Sotheby's Withdrew the Auction of 104 CryptoPunks Minutes Before t...
The renowned auction house – Sotheby’s – was about to host a much-anticipated auction of 104 CryptoPunk non-fungible tokens (NFTs) earlier this week. However, the auction house canceled the event minutes before launch.
‘Decided to HODL’
Several months ago, a pseudonymous collector with the initials 0x650d purchased the lot titled “Punk It!” for $7 million worth of crypto. A few weeks back, Sotheby’s announced it will auction the NFTs from the collection, with price estimations showing between $20 million and $30 million. Nonetheless, the collectibles owner withdrew from the event shortly before it began.
His decision led to significant disappointment from users waiting to participate in the auction. The Founder of the decentralized media platform RugRadio – Farokh – said:
“Bro, you stop acting like you rugged Sotheby’s, you made everyone look stupid. Even the press here is laughing at us because of you. Stop hiding the guilt behind dumb ass memes.”
Later on, the seller posted another tweet, hinting that the reason behind the cancellation might be Sotheby’s high commission fees.
Minted in 2017, CryptoPunks are among the first NFT collections. Currently, they are some of the most popular and expensive digital collectibles as some spent millions of dollars to acquire them. Earlier this month, CryptoPunk #5822 broke the records as Deepak Thapliyal – Chain’s CEO – purchased it for...
|Sotheby's Cancels Cryptopunks NFT Auction After Consignor 'D...
On February 8, the multinational luxury auction company Sotheby's announced the firm would be auctioning 104 Cryptopunk non-fungible token (NFT) collectibles, but before the event started Sotheby's canceled the event. It seems '0x650d,' the owner of the Cryptopunks NFTs, decided to keep the assets that were estimated to fetch around $20 to $30 million at auction.Cryptopunks Owner Decides to Keep 104 NFTs, Sotheby's Forced to Cancel 'Punk It' Auction
The luxury auction house had to cancel an NFT auction dubbed 'Punk It' on Wednesday after the consignor decided to back out. During the first week of February, Sotheby's revealed it would be auctioning 104 Cryptopunks that were estimated to get around $20 to $30 million. The sale would be called 'Punk It,' and the NFTs stemmed from the owner '0x650d,' an individual who purchased the 104 Cryptopunks in a single transaction by paying a miner a bribe of five ethereum (ETH) in July 2021.
Then on the day of the scheduled auction, Sotheby's tweeted that after a discussion with the consignor 0x650d, the event was officially canceled. 'Following discussions with the consignor, tonight's Punk It sale has been withdrawn. Thank you to our panelists, guests, and viewers for joining us,' Sotheby's said. Then 0x650d retweeted an older tweet and said that he decided to keep the stash of Cryptopunk NFTs. 0x650d said:
Nvm, decided to hodl.
NFT Supporter Says Canceled Auction 'Made Everyone Look Stupid'
In another tweet, 0x650d shared a meme makin...
|Two Possible Scenarios for Bitcoin Following Today's Bounce (BTC P...
Bitcoin is forming a consolidation structure in both the daily and 4HR time frames. Based on the number of active users on the network - the lack of demand among retail investors is still evident. Therefore, any sudden change in market sentiment can lead to unexpected volatility.
Bitcoin got rejected from the multi-month descending trendline after failing to sustain its bullish surge. It has also broken down the 50-Day moving average with significant negative momentum.
The cryptocurrency is now trading above the $35K support zone. From a technical perspective and because of the uncertainty in macro conditions, the market may stay in a ranging/consolidation phase for the mid-term. The $34K-$35K demand zone will be at the bottom of the mentioned range, while the $45K-$46K supply zone will be at the top.
The price has broken the blue trendline, increased to the top of the range, and is retesting the trendline in the form of a pullback in the lower timeframes. There are two possibilities here:
BTC completes the pullback and moves towards the top of the range. To do so, it must first generate a higher high price action pattern, then consolidate before beginning the rally as seen in the green pattern.
Both the trendline and the support zone fail to keep the price above them, and bitcoin begins a new bearish rally to reach lower price levels. A massive long liquidation event is inevitable in this scenario, fueling the negative tre...