Bitcoin and Ethereum trend below key support lines as week kicks off
Categories: Bitcoin ETHERUM NEWS
Bitcoin and Ethereumtrend below key support lines as week kicks off
There aresigns of stability in the crypto markets heading into the newweek. Global market capitalisation opened Monday morning at US$976bn aftertrading sideways through the weekend. Bitcoin is trading justbelow the key US$20,000 barrier, having yet to reclaim lost ground from a 2%downshot on Friday evening.
The same canbe said of Ethereum, which spent the weekend attempting to reclaim the US$1,600price point after dipping 4.5% late on Friday.A 3% upshot over the past24% hours pushed Polkadot’s market cap up to US$8.4bn, thus outperforming itsnetwork token peers Cardano, Solana, Polygon, Tron and Avalanche.
Oracle(NYSE:ORCL) network Chainlink was among the best performing cryptocurrencies,having rallied 5% in the past 24 hours to bring its market cap up to US$3.5bn.Othertop performers this morning include play-to-earn project The Sandbox, theInternet Computer blockchain, and the DASH payment network.
Play-to-earngame Axie Infinity and decentralised storage project Filecoinwere among the mornings biggest losers, having lost around 3% a piece.Sponsorsof English football clubs Everton and Watford, is being sued by former businesspartner Christopher Freeman for US$400mln, citing theft and bullying.
According toa Guardian report, Freeman alleges the business was his idea, a claim that aStake.com spokesperson said was “internally inconsistent, intentionallymisleading, and provably false”.
FIFA hasannounced an NFT campaign in connection with its blockchainpartner Algorand in the lead up to the Qatar World Cup.FIFA has announced anNFT campaign in connection with its blockchain partner Algorand in the lead upto the Qatar World Cup.
FIFA+Collect will launch later this month, providing “affordable, inclusive,and accessible” NFTs featuring iconic moments of football history. Algorandis considered to be among the most environmentally friendly blockchain networksfor minting energy-intensive NFTs.