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Market Downturn

Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend

Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the TrendOn Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday, though both cryptocurrencies traded significantly lower […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K

Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn

Hashkey Capital Raises 0 Million for Its Third Fund, Despite Crypto Market DownturnOn Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts. Hashkey Capital’s Fund III to Focus on Web3, Emerging Markets and Crypto Solutions Amid […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K

Google Admits Crypto Winter Is Hurting Ad Business

Google Admits Crypto Winter Is Hurting Ad BusinessThe digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week. With Fewer Crypto Ads, Google Registers 6% Ad Revenue Growth in Last Quarter […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K

Web3 Gaming Still Growing Despite Economic Woes, According to Dappradar Report

Web3 Gaming Still Growing Despite Economic Woes, According to Dappradar ReportAccording to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic Downturn The current economic downturn that is affecting the traditional and […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making it reconsider its position, and reducing its operative expenses. […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs

Argentinian Cryptocurrency Exchange Buenbit Announces Staff LayoffsBuenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn

Crypto Exchange Coinbase Slows Hiring Amid Market DownturnLeading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow the trading platform to match its hiring needs with its business goals. Coinbase to Reassess Headcount Needs, Focus on Integrating Recent Hires Cryptocurrency […]

Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K