Week Financial News

The price of tamadoge (TAMA) has surged by 86% in 24 hours, capping off an astonishing 570% rise since the new altcoin gained its initial listings at the end of last month. At $0.139207, the meme token is also more than 1,200% up compared to its discounted presale price of $0.01, with excitement regarding its OKX listing -- and potential Binance listing -- driving market sentiment.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. 

TAMA has been on an impressive run in the past few days. The digital asset was listed on OKX last week and has already seen a 200% uptrend in price. 

Last week, the crypto market had a fairly uneventful time. Prices have largely stayed within the same window that they have been for a few weeks, and Bitcoin (BTC) stays under the $20,000 mark. Investors are worried about the near-term future of the market, as fears of a recession and a poor 2023 are high on the minds of many.

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After the Fed's 75bps print, volatility increased and caused liquidation on both sides of the book before selling off to a weekly low of $1220. Subsequently, the price found some relief along with a rise in long open interest. Within a week, the closing price had reversed again, indicating underlying weakness in the market. ETH closed the week at $1,295 and returned -3.01% WoW. Ahead of Wednesday's FOMC, ETH/BTC showed strength, jumping over 4% by Tuesday afternoon. After the Ethereum merger, there was a significant increase in user contract calls. Historically, such behavior has indicated a growth in activity on the Ethereum network that goes beyond simple token transfers. Concerns about network instability may have motivated participants to sideline holdings before the event was successful. After the successful merge was confirmed, along with the cancellation of any technical issues, activity skyrocketed in the following days. Interestingly, increased volumes persisted throughout the week, particularly in the DeFi and NFT sectors.

Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood.

Monday

Cardano [ADA] is about to conclude the month on an overall bearish performance despite a promising start. Investors were optimistic that September would at least provide a bullish outcome, especially in light of major developments.

The non-fungible token (NFT) marketplaces continue to be a hive of activity despite continued bearish prices in the cryptocurrency sector. This week’s sales volume was boosted by an appetite for new collections, with PlayDapp & Mikey, Critters Cult, and Exosama leading the way.

Bitcoin price declined sharply below the $19,500 support zone. BTC found support near the key $18,500 zone. It is currently (11:00 UTC) correcting losses and facing resistance near the $19,300 level.

Bitcoin, dropped by over 4 per cent during the week while Ether shed over 8 per cent.XRP witnessed a mega rally due to the positive news around the ripple lawsuit and jumped by 30 per cent during the week. The third consecutive rate hike announced by the US Federal Reserve will have a significant impact on the crypto market in the coming weeks. Here are some important crypto developments of the week:Iran’s tryst with CBDCIran’s central bank has started CBDC trials to turn banknotes into programmable currency. The crypto rial will be a digital version of the country’s fiat currency, which could be a game changer for the country’s digital economy.

Bitcoin broke above $20,000 as the dollar eased after soaring to fresh heights

Polkadot [DOT] did not have the best of its time last week as it registered only 2.5% seven-day gains. However, the growth was still promising as the entire crypto market struggled to go green.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

The previous week in the crypto market has not been eventful as the one, at least in terms of prices. The news of interest rate hikes and generally portentous economic outlooks have led to markets all over the world slowing down. The ever-looming threat of a recession has also shaken up many investors.

Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years.

The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last at least three years. Overall new orders for durable goods declined slightly in July from the prior month.

CRO, the native coin of Cronos Chain, witnessed tremendous growth in the last week. According to data from cryptocurrency social analytics platform LunarCrush, the alt stood as the #26 largest cryptocurrency.