Crypto Espresso: Your quick shot of the latest crypto moves and news
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Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
It’s time for a price call on Cardano and GALA, while the Smooth Love Potion coin (SLP) just ain’t working.
And the Bitcoin counter-offensive at 7am Sydney time? US$36,002.69 – up 3.45% in last 24 hours.
Let us begin…
US market close: Crypto fights back
Prominent cryptocurrencies were mostly higher overnight, stateside, after trading in the red for much of the day. Bitcoin was up, Ethereum was 0.87% higher, while Litecoin was up 1.86%. In other digital assets, Bitcoin Cash was 0.95% in the green and Dogecoin was 0.22% lower.
SLP coin price prediction: Can the gaming token rebound?
The Smooth Love Potion coin (SLP), used in the Axie Infinity gaming metaverse, failed in its attempt to stage a price recovery earlier this month, as a selloff across the crypto markets accelerated.
Bitcoin falls below US$35,000 in cryptocurrency decline
Bitcoin fell through the US$35,000 floor for the first time since July 2021 over the weekend as bearish sentiment seems to pervade the overall market.
UK crypto news: BTC sinks to US$33K as the downfall continues
Bitcoin (BTC) was not done falling after appearing to stabilise at the end of the carnage weekend for the digital currency market. In London morning trade, the coin reached as low as US$33,554.04, representing a 50.9% fall from its all-time high registered last November.
Pi Network: what is the outlook for the as-yet-untraded Pi coin?
Still no sign of a listing of Network Pi’s crypto on the exchanges despite the organisation insisting it is up to them to decide whether they want to or not. Pi Network continues to insist it is not running an initial coin offering.
Cardano (ADA) price prediction: Will it rally again in 2022?
The global cryptocurrency market has been bearish lately, with its market capitalisation falling from US$2.5trn at the end of 2021 to US$1.62trn. Cardano saw a similar downtrend and was trading at US$1.05 on 24 January, down more than 35% from its monthly high of US$1.63.
GALA coin price prediction: is the bearish trend over?
Like several of the leading altcoins, the decline that had hit GALA, the token of blockchain gaming developer Gala Games, since Christmas took a dramatic turn downwards on Friday amid a BTC-led loss of investor confidence. The coin has lost 68% of its value since 27 December.
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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.