NFT News by Thebittimes.Com

The US mid-term elections are to be held on November 8th with Democrats and Republicans battling for the majority in the House of Representatives and the Senate. The crypto markets are on the razor’s edge this month with the Feds increasing interest rates by 75 BPS. The non-agricultural job report is set to be out on Friday with elections looming on Tuesday. Therefore, Bitcoin is in the crosshairs of the economic and political development that could dominate its price in the indices. BTC is shedding the gains it delivered last week and is flirting near the $20,000 mark. Another dip can take the king crypto to its October levels again which remained stagnant for weeks. However, leading crypto analyst ‘il Capo‘ has predicted that BTC could pump to $21,500 levels this week and crash after the mid-term elections as the higher time frames look bearish. Also Read: Why Are the Crypto Markets Falling Today After Rallying For A Week? Bitcoin To Crash to $14,000 Af...

Decentralized derivatives are a new way for traders to trade crypto assets without directly holding them.  Read on to learn what decentralized crypto derivatives are and where you can trade them.  What Are Decentralized Crypto Derivatives?  In the world of traditional finance, a derivative is an investment contract that derives its value from an underlying asset , enabling investors to hold or trade assets without having to own them directly.  Derivatives allow investors to hedge positions, speculate on market movements, transfer risk to other parties, and take leveraged positions.  Decentralized derivatives, or DeFi derivatives, are blockchain-native derivatives contracts that use smart contracts to automate the terms of contracts, thereby removing the need for brokers. Settlement happens automatically on-chain when the contract terms have been fulfilled.  Decentralized derivatives value often track crypto markets , though, in some cas...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Penny cryptocurrency investments have the potential to offer attractive returns with a very small initial commitment. There are more digital currencies than ever, and many trade for less than a dollar. As such, in this guide, we discuss the 12 best penny cryptocurrencies to invest in for 2022. We also explore why investors choose penny cryptocurrencies and what risks to consider before proceeding with an investment.  Overview of the Top 13 Penny Cryptos for 2022 Below is a list of the best penny crypto to buy in 2022, to assist investors in choosing a suitable project for their portfolio. Dash 2 Trade - Overall Best Penny Crypto Tracking On-Chain Metrics and Buyer Sentiment IMPT (IMPT) - Green Crypto That has just Launched its Presale Calvaria (RIA) - Play to Earn Game with 2 Multi-Utility Tokens with Low Fees Tamado...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has been on an impressive rally after 7% gains over the past two days. At the time of writing, Bitcoin was trading at $20,592. As traders get excited about a possible bull run as the year ends, there is a possibility that Bitcoin could head to $30K. Bitcoin price analysis During the past 24 hours, Bitcoin has traded between  $20,430 and $20,938, indicating a spike in volatility. Over the past few weeks, Bitcoin’s volatility has been notably low, with the Bitcoin Volatility Index dropping to multi-year lows. However, volatility has spiked, as seen in the chart below, showing that the coin could be in for significant swings. Bitcoin is currently holding a crucial level of $20,500. If it retraces below this level, $20K will likely be tested again. Bitcoin will likely plunge again to the $20K levels if this support level fails to hold. Nevertheless, there are top reasons that could see Bitc...

The CPI report was out on Thursday showing inflation at 8.2% in the U.S and is down 0.4% since last month. The markets magically turned green after the report as Bitcoin and Ethereum jumped more than 5% in the day’s trade. Leading crypto exchanges saw a dramatic spike in trading volume with triple-digits percentages in the last 24 hours. Decentralized exchanges also received millions worth of inflows into cryptos as investors are chasing the short-term pumps to salvage their losses. The markets have experienced a sudden spike and could remain in the green on Friday and early Saturday. Investors need to time the markets well to generate short-term profits. Also Read: 75% of Young Americans are Pro Crypto for Wealth Generation: Survey Top 3 Cryptos To Watch Out For After The Inflation Report 1. Bitcoin (BTC) Source: Unsplash Bitcoin jumped from $18,317 to $19,880 in less than 24 hours on Thursday after the CPI inflation data was out. BTC spiked $1,563 in a day generatin...