Press Release Shares of cryptocurrency-related firms, including Coinbase Global, Signature Bank, and Ebang International, plunged during premarket trading following Silvergate Capital’s decision to discontinue its cryptocurrency payment network, SEN.
Amid the current rough patch in the cryptocurrency market caused by the Silvergate crisis, what are the best cryptos to buy today?
The La Jolla, California-based bank attributed the decision to a risk-based approach to keep its business viable. As a result, it lost several big names in the crypto space as partners, leading to a general crypto market selloff that saw Bitcoin and Ethereum prices tanking 4.8% and 4.7%, respectively, in the previous week.
As Jerome Powell, Chair of the Federal Reserve, prepares to deliver two rounds of testimony before Congress’ House Financial Services Committee, the macroeconomic environment continues to heat up as well.
Investors are carefully monitoring his words on future economic policy and interest rates as we await the Fed’s decision on a benchmark rate hike in two weeks’ time.
To conclude this busy week in economics news, investors will also be paying close attention to nonfarm payroll data and remarks from Japan’s bank officials.
This month, the sentiment on cryptocurrency markets is rapidly transitioning from a bullish optimism to one of neutrality. According to the Crypto Fear & Greed Index, this stance appears to be edging closer and closer towards “fear” from “neutral.”
BTC’s price entered a consolidation phase over the weekend, with very little volatility witnessed in the market. However, market players are anticipating that this may change in the coming days due to the aforementioned macroeconomic data releases.
Amidst the current crisis at Silvergate Capital and with these upcoming macroeconomic data releases, investors are understandably concerned about the potential impact on the cryptocurrency market.
It is, therefore, more important than ever to carefully consider both fundamental and technical analyses when selecting investment options. Based on these analyses, there are several cryptocurrencies that appear to be among the best cryptos to buy today, including FGHT, MKR, METRO, IMX, CCHG, and TARO.
Why Fight Out Packs a Punch for InvestorsFight Out is set to become a game-changer in the fitness industry by leveraging Web3 and sophisticated move-to-earn (M2E) technology. As the world recovers from the COVID-19 pandemic, many are looking for ways to stay healthy and fit in a post-lockdown world.
With high gym fees, lack of motivation, and no personalized workout plans, many people struggle to maintain their fitness regimen.
Fight Out aims to solve these issues with its cutting-edge M2E app, fitness coin, and gym network. By combining Move-to-Earn technology with Web3, Fight Out offers a unique platform that motivates users to maintain their fitness regimen while earning rewards in the form of REPS tokens.
Fight Out’s M2E app offers personalized workout plans that cater to the individual needs of each user. The app tracks your progress, offering feedback and recommendations to help you achieve your fitness goals. The REPS tokens earned through the app can be exchanged for gym memberships, merchandise, and app subscriptions. » …
About Post Author
More Stories
Sushi and its ‘head chef’ receive SEC subpoena
Cathie Wood explains why she's been loading up on this crypto stock
Turkish Crypto Startup Metatime Pulls $11M in New Funding