PUMP Financial News

 

The leading cryptocurrency, Bitcoin, suffered a massive drop, losing more than 12% to $19,850 amid stronger-than-expected US CPI figures. Before the news release, technical indicators, particularly the 100-day moving average (MA), indicated the possibility of a bullish trend continuation. However, the BTC/USD has fallen below the moving average, resulting in a significant drop. 

Bitcoin price started a strong increase above the USD 20,500 resistance. BTC even spiked above USD 22,000 and is currently (04:00 UTC) correcting lower. The bulls are now likely to remain active near the USD 21,200 zone.

Amp price (AMP) is red hot today, making it the standout performer in Sunday crypto trading action, up 34% at $0.00763.

Ravencoin recently topped the table by becoming one of the market’s top gainers. In fact, it recorded a hike of over 83% in the last seven days. Needless to say, this excited many in the community, thanks to which, the crypto was soon ranking on the social volume front too. 

How to get-over your shady past?

The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in two days. However, Bitcoin trading activity and the derivatives market strongly support the recent gains.

The three altcoins cosmos (ATOM), OKB and ravencoin (RVN) all pumped in the market today, as sentiment in nearly all major cryptoassets improved markedly.

The cryptocurrency market might be in a recession, as evidenced by Bitcoin’s failure to reclaim the $20K levels. The global cryptocurrency market cap is also struggling to maintain the $1 trillion level. However, the pullback is not affecting all tokens because some, like FLUX, registered triple-digit gains during the past month.

Pump-and-dump operations, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. For instance, con artists with shares in the South Sea Company started making false statements about the business and its revenues in the beginning of the eighteenth century. 

Bitcoin (BTC) spiked to one-week highs on July 17 amid warnings that traders should not trust current BTC price action.

Educating oneself about the crypto ecosystem is crucial for investors to pursue during a bear market while awaiting a bull cycle. That being said, having a good understanding of crypto investment entails keeping an eye out for fraudulent projects that threaten to drain assets overnight, a.k.a. pump-and-dump schemes.

The native token for the embattled crypto brokerage Voyager Digital has skyrocketed in what seems to be a new effort to inflate its price seemingly inspired by the recent "CEL short squeeze."

American drivers are starting to buy less gasoline as they feel the economic burden of record prices that continue to hover near $5 a gallon.

sleepy corner of the crypto-economy, the value of an obscure coin called Enzyme was tumbling downwards along with its peers earlier this month — but then something unusual happened on May 15. Enzyme, also known as MLN, rocketed from 30 cents to 47 cents in just minutes and daily trading volumes exploded from around $3 million to more than $100 million, according to CoinGecko. A few hours later, it crashed back down to 35 cents.

In an interesting development, Cardano holders with a supply of 10 million+ ADA have suddenly noticed a spike. The number of addresses in this cohort has risen by 12 within the last two weeks, which means that altogether this group of investors has now added at least 120 million ADA more to its stash and…

The cryptocurrency market fell under pressure in the early trading hours on April 25, but a brief spurt of bullish price action sparked after media headlines announced that Elon Musk had reached a deal to purchase Twitter for $44 billion. 

WASHINGTON—The nation’s biggest oil industry trade group has drafted a proposal urging Congress to adopt a carbon tax, which would put a surcharge on gasoline and other fossil fuels to discourage greenhouse-gas emissions.

EOS is among the cryptocurrencies that have been in the green within the last 24 hours as the market continues to recover. It traded at $2.57 after rallying by more than 5.56% at the time of writing. Although its daily performance was not outstanding, it was one of the top 50 coins that managed to hold on to significant weekly gains.

MoonPay provides firms in the crypto space KYC, payment processing, liquidity and delivery, fraud prevention, regulatory licenses, ecosystem identity verification, and custom checkout flows.It has also become a major player in the NFT sector, where marketplaces such as OpenSea trust it to provide users a simple, fast and safe way to buy and sell any digital asset. Earlier this year, the firm released a plug-and-play service for buying and selling NFTs with a credit card.The NFT angle has attracted celebrity users: MoonPay investors including Gwyneth Paltrow, Snoop Dogg and Post Malone have tapped the company's concierge service to buy Bored Ape Yacht Club NFTs.Says MoonPay CEO Ivan Soto-Wright about the famous investors: "We're on the cusp of a creative crypto renaissance, and our strategic investors are helping to lead that movement.

2021 was indeed a memorable year for the crowd-favorite meme coin, SHIB. It achieved impressive milestones in terms of active token holders, and SHIB burned. Now, the most important question is- Can this puppy carry the hype forward in 2022?