What Happens To L1 Tokens Today? (29 Aug 2022, Saturday)

What Happens To L1 Tokens Today? (29 Aug 2022, Saturday)


"What happens to L1 Tokens today?" is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily.

Here are the news for you today.

 

BITCOIN (BTC)

Current Price: $ 20,019 (24h Changes: -0.05 %)

Current Market Cap: $ 383,117,646,029 (24h Changes: 0.05 %)

Positive News

Bitcoin And Cardano Price To Rise Before Heading Lower Levels, Claims Analyst

Source: CoinPedia

Date: Sun, 28 Aug 2022 15:29:54

While the world's first cryptocurrency, Bitcoin price is going downwards day by day, one of the closely followed crypto analysts and traders who's been bearish towards Bitcoin for most of 2022, now has a bullish approach.

$BTC: SkyBridge Capital Founder on Why BlackRock's Interest in Bitcoin Is a Big Deal

Source: CryptoGlobe

Date: Sun, 28 Aug 2022 13:59:26

Recently, former White House Director of Communications, Anthony Scaramucci, who is the founder and managing partner of global alternative investment firm, SkyBridge Capital, shared his thoughts on the partnership between BlackRock and Coinbase. SkyBridge Capital is a SEC-registered investment adviser and global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.

Bullish October Awaits Uniglo (GLO), Bitcoin (BTC) And Cardano (ADA)

Source: Cryptonews

Date: Sun, 28 Aug 2022 13:17:00

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Neutral News

Bitcoin [BTC] investors should read this before making investing decision

Source: AMBCrypto

Date: Sun, 28 Aug 2022 15:30:30

Bitcoin recorded a sluggish performance this week, with the crypto's 7-day chart mostly painted in red. The aforementioned depreciation ignited several speculations in the market regarding what is to come next.

Bitcoin and Asian Equity Markets' Return Correlation Increased 10x Over Pandemic: IMF

Source: CryptoPotato

Date: Sun, 28 Aug 2022 15:10:30

IMF's data shows the increasing interconnectedness of crypto and equity markets in Asia.

'I Was Wrong About Bitcoin Going to Zero' Says a Popular Wall Street Wolf, Where Will the BTC Price Head to?

Source: CoinPedia

Date: Sun, 28 Aug 2022 12:00:26

Bitcoin underwent multiple bull runs since its inception and each time challenged its own highs to form a new one. Despite a contracting trend, the asset maintains an incremental trend displaying a huge tendency to rebound from the bearish trend soon.

Negative News

Bitcoin Price Drop Below $20k, Mt. Gox Repayment Rumors Freakout Traders

Source: CoinPedia

Date: Sun, 28 Aug 2022 15:25:44

The crypto market has been on a grumpy ride for two days and today the global crypto market cap has lost its crucial level of $1 trillion. The world's first cryptocurrency, Bitcoin has tumbled down below the $20,000 range. This was an outcome of a sell-off by traders at Mt. Fox that increased the pressure.

Bitcoin Bearish Signal: 7yr-10yr Old Coins Display Movement

Source: Bitcoinist

Date: Sun, 28 Aug 2022 15:00:43

On-chain data shows around 5k BTC that was sitting dormant since between 7 years to 10 years ago has just been moved, a sign that may be bearish for Bitcoin.

Crypto Strategist Issues Alerts for Bitcoin and Chainlink, Says BTC Looking Heavy

Source: The Daily Hodl

Date: Sun, 28 Aug 2022 14:45:39

A crypto strategist known for making timely altcoin calls is warning that corrections are imminent for Bitcoin (BTC) and Chainlink (LINK). Pseudonymous analyst Altcoin Sherpa tells his 181,900 Twitter followers that Bitcoin is looking heavy after BTC retraced from about $21,800 to below $20,000 on Friday.

 

ETHEREUM (ETH)

Current Price: $ 1,487.18 (24h Changes: 0.35 %)

Current Market Cap: $ 178,825,670,762 (24h Changes: 0.61 %)

Positive News

Ethereum Funding Rates Drop To 14-Month Low, Short Squeeze In The Making?

Source: NewsBTC

Date: Sun, 28 Aug 2022 15:00:26

On-chain data shows the Ethereum funding rates have now declined to the lowest value in 14 months, something that could pave way for a short squeeze in the market. Ethereum Funding Rates Reach Highly Negative Value As pointed out by an analyst in a CryptoQuant post, the ETH funding rates are currently at their least value since July 2021.

ARK Invest Unveils Bullish Ethereum (ETH) Outlook, Says Crypto Markets Moving Back to Risk-On Environment

Source: The Daily Hodl

Date: Sun, 28 Aug 2022 10:30:50

An analyst at investment management firm ARK Invest says Ethereum (ETH) could start gathering more bullish momentum as the crypto markets pivot back to a risk-on environment.

Ethereum price analysis: ETH swift spikes to $1,450, bottom is set?

Source: Cryptopolitan

Date: Sun, 28 Aug 2022 09:51:11

Ethereum price analysis is bullish today as we expect the last retest of the downside to have been set and reversal to soon follow. Therefore, ETH/USD is likely to soon begin another push higher to break the $1,500 local resistance.

Neutral News

Coinbase Discloses It Will 'Evaluate Any ETH Fork Tokens Following The Merge'

Source: Bitcoin

Date: Sun, 28 Aug 2022 15:00:53

The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge.

Read This Before Buying ETH At $1400 Levels

Source: Coingape

Date: Sun, 28 Aug 2022 13:22:14

The Ethereum(ETH) price dropped by 5.45% last week after the recent threat of increasing interest rates by the Feds. Moreover, the price pattern warns of prolonged selling with the head and shoulder forming in the daily chart.

Here's Where the Analysts Mapped the Upcoming Lows for Ethereum Price Rally

Source: CoinPedia

Date: Sun, 28 Aug 2022 11:47:32

While just 18 days are remaining for the Ethereum Merger, the sentiments appear to have faded to a large extent. The ETH price is trying very hard to hold the crucial $1500 support zone for quite a long time, but the bears leave no room for the bulls to settle.

Negative News

Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report

Source: BeInCrypto

Date: Sun, 28 Aug 2022 11:32:01

Ethereum's transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. The post Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report appeared first on BeInCrypto.

AntPool to Stop Maintaining Ethereum (ETH) Client Assets Post-Merge

Source: BeInCrypto

Date: Sun, 28 Aug 2022 08:30:00

Crypto mining pool AntPool has said it will no longer manage Ethereum accounts after the Merge and has asked customers to provide their private ETH addresses. The post AntPool to Stop Maintaining Ethereum (ETH) Client Assets Post-Merge  appeared first on BeInCrypto.

Crypto Liquidations Over $300 Million as Bitcoin, Ethereum Dumps Over 6%

Source: BeInCrypto

Date: Sun, 28 Aug 2022 05:38:40

The crypto industry has shed 6.8% of its value within the last 24 hours, with over $300 million positions liquidated in the bloodbath. The post Crypto Liquidations Over $300 Million as Bitcoin, Ethereum Dumps Over 6% appeared first on BeInCrypto.

BINANCE (BNB)

Current Price: $ 282.06 (24h Changes: 1.42 %)

Current Market Cap: $ 46,018,499,254 (24h Changes: 1.61 %)

Positive News

BNB Smart Chain's 'Need for Speed' endeavour can have this effect on the altcoin

Source: AMBCrypto

Date: Sun, 28 Aug 2022 02:30:33

If you thought Binance's BNB smart chain was fast, then you are in for a pleasant surprise. The network just received an important upgrade that will boost its speed and efficiency.

Neutral News

BNB Coin Retracing Lower Support; The Basis for TAMA Is Bullish

Source: Inside Bitcoins

Date: Sun, 28 Aug 2022 11:21:45

BNB coin has experienced decent gain over some significant length of time.

 

CARDANO (ADA)

Current Price: $ 0.45 (24h Changes: -0.47 %)

Current Market Cap: $ 15,036,275,589 (24h Changes: -0.23 %)

Positive News

Bitcoin And Cardano Price To Rise Before Heading Lower Levels, Claims Analyst

Source: CoinPedia

Date: Sun, 28 Aug 2022 15:29:54

While the world's first cryptocurrency, Bitcoin price is going downwards day by day, one of the closely followed crypto analysts and traders who's been bearish towards Bitcoin for most of 2022, now has a bullish approach.

Bullish October Awaits Uniglo (GLO), Bitcoin (BTC) And Cardano (ADA)

Source: Cryptonews

Date: Sun, 28 Aug 2022 13:17:00

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Neutral News

Cardano Creator Charles Hoskinson Gives Update on Big Vasil Hardfork, Reveals New Timeline

Source: The Daily Hodl

Date: Sun, 28 Aug 2022 14:50:54

Cardano (ADA) creator Charles Hoskinson is giving an update on the highly anticipated Vasil hard fork for the Ethereum (ETH) rival's blockchain. In a new video update, Hoskinson says that major crypto exchanges are currently working on the new Cardano hard fork, and he expects more to follow.

Here's How Cardano's Peer-to-peer Networking Aids Blockchain: Details

Source: UToday

Date: Sun, 28 Aug 2022 11:23:00

Decentralization of Cardano puts responsibility for running blockchain in hands of stake pools

Cardano: 'Ghost chain' FUD ahead of Vasil is BACK; Here's what Hoskinson said

Source: AMBCrypto

Date: Sun, 28 Aug 2022 09:30:14

Cardano (ADA) projected vital signs of life at press time, all thanks to numerous upgrades/developments on the network. On the other hand, there is a lot of FUD around too.

Negative News

Cardano's Price Shows Negative Bearing, Weekly Chart In Red

Source: DCForecasts

Date: Sun, 28 Aug 2022 03:50:50

Cardano's price shows negative bearing as it has been moving downward. The weekly chart is mostly in red.

Cardano Price Trajectory Signals Negative Bearing, Weekly Chart Mostly In Red

Source: NewsBTC

Date: Sun, 28 Aug 2022 01:50:13

The price movement of Cardano (ADA) has been in the negative direction, and the seven-day chart was predominantly red. ADA resistance key seen at the $0.4694 level Cardano price up by 3.74% Fed tensions negatively impacted crypto market; including ADA price Following a recent market correction, ADA encountered resistance at the $0.4694 level.

ADA, DOT, ETH, and SOL Weekly Review, Powell Delivers August Lows

Source: FXEmpire

Date: Sun, 28 Aug 2022 01:04:05

Fed Chair Powell sent the crypto market into a tailspin on Friday, with bearish sentiment lingering over the weekend to further test investor resilience.

 

RIPPLE (XRP)

Current Price: $ 0.34 (24h Changes: 0.04 %)

Current Market Cap: $ 16,699,767,091 (24h Changes: 0.04 %)

Positive News

Ripple Price Analysis: Despite the Bearishness, XRP Looks Promising Against BTC

Source: CryptoPotato

Date: Sun, 28 Aug 2022 14:07:18

Ripple has experienced a long-term downward trend for over 500 days. April 14, 2021, marked the last day the bulls dominated the XRP market and recorded a local high of almost $2.

Negative News

Ripple Lawsuit: How XRP Could Have Stayed on Coinbase, Lawyer Explains

Source: UToday

Date: Sun, 28 Aug 2022 10:36:00

John Deaton reviews Coinbase & SEC actions toward XRP

XRP-Supporting Lawyer Blasts Former SEC Chair Jay Clayton for Lack of Clarity on Crypto Regulation

Source: The Daily Hodl

Date: Sun, 28 Aug 2022 07:45:40

Crypto attorney John Deaton is looking at the former Chair of the U.S. Securities and Exchange Commission (SEC) for the lack of regulatory clarity in the digital asset industry. John Deaton is calling out Jay Clayton after the former SEC Chair wrote an article in the Wall Street Journal about crypto regulation.

 

SOLANA (SOL)

Current Price: $ 31.85 (24h Changes: 1.38 %)

Current Market Cap: $ 11,116,517,953 (24h Changes: 1.69 %)

Neutral News

BarrelDAO sells out NFT-linked Solana Summer Shandy beer

Source: The Block

Date: Sun, 28 Aug 2022 11:34:56

Each pack of Solana Summer Shandy will be redeemable via the Solana-based NFT from Monday. The post BarrelDAO sells out NFT-linked Solana Summer Shandy beer appeared first on The Block.

Negative News

Solana's Price Faces A Bearish Momentum, Could Push To $28

Source: DCForecasts

Date: Sun, 28 Aug 2022 04:10:48

Solana's price faces a bearish momentum, as big market coins depreciated dramatically lately, Solana has been affected and its price had a tremendous negative drag. The altcoin has dropped by 6% in the previous 24 hours.

Solana Price Prediction for Today, August 28: SOL Averages Lower Range

Source: Inside Bitcoins

Date: Sun, 28 Aug 2022 03:21:04

Solana Price Prediction, August 28. There have been continual, consistent ups and downs across the wide-trading space in the SOL/USD market as the crypto economy

 

AVALANCHE (AVAX)

Current Price: $ 19.9 (24h Changes: -1.75 %)

Current Market Cap: $ 5,671,772,032 (24h Changes: -1.5 %)

Negative News

Avalanche [AVAX]: Gauging potential hurdles for opening a short position

Source: AMBCrypto

Date: Sun, 28 Aug 2022 08:30:55

Disclaimer  The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After numerous attempts to crack the $30-resistance in mid-August, Avalanche [AVAX] collapsed below its 200 EMA (green) to mark a robust bearish resurgence.

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
What Happens To Crypto Today?

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