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The post Has The Crypto Market Lost Its Immunity Against Inflation? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The twelfth month of the year is yet to bring goodies for the crypto market. Which has been trembling in the wintry month. The market cap of the crypto street is currently down by 0.9% , at $2,352,981,790,325 . While the volume of trades for 24-hours are at $123,133,910,311 . The paradoxical market cycle has hampered the price projections to a gargantuan extent. Wherein digital assets from the market have shed down considerable gains. The release of the Consumer Price Index by the U.S Bureau of Labor Statistics has put the cryptos at jeopardy. However, veterans are optimistic of the industry staying true to its words in the long run. Is Inflation Inevitable?    The U.S Bureau of Labor Statistics have released the updated numbers for its inflation tracking Consumer Price Index. The CPI that illustrates the inflation rate o...

The post Bitcoin(BTC) Price Could End The Bearish Trend! But Wait Technicals Are Contradictory! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The weekend is on the toes, and like most of the weekends, yet again the crypto space is preparing to come out of the bearish trap. Bitcoin price after revisiting lows below $47,000 has gained more than 5% to trade above $48,200 since the early trading hours. And hence manifesting a notable uptrend that could break the downtrend. Yet the technicals display a converse trend that possibly displays the bearish trend to continue. Bitcoin price ever since dropped below $60K is facing multiple rejections at every attempt. However, the asset stood strong above $56K for quite a long time which kept hopes alive on the rally towards the ATH. Yet the price dropped drastically at various occasions and post to the plunge at $42K levels, the bears remained active. Now when many believe the bearish cartel to exit the mar...

The post Is The SEC Digging Its Own Grave? This Is What You Can Expect On January 19th! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The legal fray betwixt the SEC and Ripple has been taking bizarre twists. The erroneous allegations made by the SEC are infamous amongst masses familiar to the crypto world. The verdict now could be delayed as the plaintiffs and the defendants have jointly seeked request from the tribunal. For an extension to the expert discovery deadline. Meanwhile, the SEC now argues that it has not officially declared Bitcoin and Ethereum to be compliant. The statement made by the SEC has left the crypto town in aghast. On the contrary, Empower Oversight sues SEC for access to FOIA documents. Will The SEC Pay For Its Deeds?     The plaintiffs and the defendants of the lawsuit against Ripple have jointly filed a motion . To extend the deadline by three working days to take the final expert deposition. Currently t...

The post Market Sentiments Jumble Up, Unable To Ascertain Whether It’s A Bull Market or Bear! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Well yet again prices jump and also plunge in the same day, leaving the prices almost around the same region. This is what is going on within the crypto space for a couple of days. Not only the Bitcoin price but most of the assets are experiencing a similar pattern. Either the prices jump in the early trading hours and drop lately or vice versa. And hence keeping the crypto space misty above the next move.  It was when the US inflation touched skies that uplifted the crypto space and BTC price experienced an interim relief from the bears. But as Evergrande’s news circulated in the market, the gains were quickly shredded off. However, as the asset reached its bottom below $44K, quickly the bulls entered and accumulated the asset at a discounted price.  Further, yet again the space gets trembled wit...

The post Polygon (MATIC) Price To Restest These Levels Before Breakout! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The total cryptocurrency market capitalization dropped to $2.20 trillion from $2.27 trillion during the last 24 hours. The crypto market faced a bloodbath with some major altcoins shedding recent gains. As Bitcoin and Ethereum show heavy corrections, Polygon (MATIC) Price Rally has been halted after attempting to retake the monthly resistance level at $2.50. Polygon (MATIC) Price Analysis trading view At the time of writing, MATIC price is trading at $2.10 with a 3% loss. As we can see strong support and resistance zones are mentioned on the chart. price now is near-daily resistance zone and we can expect correction here and only if it breaks 2.5$ resistance more pump to 3$ expected.  The break below the resistance level at $2.20, shows bears are further in control, as market sentiment continues to pitch negative. In th...

The post TomiEx: The Metaverse Is to Become An Alternative Investment Market appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The metaverse is a virtual world where people can meet, play, watch, share music, trade and share other experiences, including buying your own piece of art linked to non-fungible tokens (NFT). And the possibilities are expanding. Asides from the well-known social media platform Facebook, which has now been renamed to Meta, more companies are joining the race to create a completely different virtual world. Shiba Inu’s founder who calls himself Ryoshi has claimed its own Metavererse recently while the Shiba Inu meme coin is expected to go through a massive burn in December to prepare the network for it. But the most successful among Metaverses is the Sandbox collection, and Ethereum Metaverse. Weekly sales of land NFT’s and other digital real estate topped $100 million in the week that ended on December 7 vs $86.56 millio...