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 Wednesday morning in Greater Sydney.
Overnight, in quite-good Britain they’re talking of a Bitcoin short squeeze, as BTC and friends recovered in more tempestuous trade.
We’ve got price predictions on Tether, Kava and ANKR.
And in case you missed it, the investment banker-turned-crypto entrepreneur Arthur Hayes, he of Bitmex fame (the world’s first publicly available crypto derivatives trading platform), published an article this week and the topic – ‘Maelstrom’ – talks of of a dark and bloody start to 2022.
Let us imbibe of the caffeine and begin…
US crypto news: Bitcoin tops $43,000 as volatility persists
Bitcoin briefly traded above the $43,000 per unit mark on Tuesday as cryptocurrency markets searched for a price floor amid cracking volatility.
The move lifted Ethereum, Solana, and Cardano all above 4%. Total market capitalisation rose to more than $2trn (£1.5trn) for the first time since 7 January.
New cryptocurrencies to watch in 2022
The past year has proven turbulent indeed, especially for those meme coins. With volatility already flavouring 2022, investors have mixed expectations. We’re asking, where should investors put their money?
UK crypto news: BTC short squeeze ‘likely’ in near term
Some market watchers have hinted of a short squeeze of traders shorting bitcoin in the near-term. In a report published on Tuesday, blockchain analytics firm Glassnode said bitcoin futures has been in a regime of long liquidation dominance.
Kava price prediction: can this token DeFi surge again?
Decentralised finance (DeFi) has generated a lot of buzz of late and one of the DeFi platforms which caught investors’ attention in 2021 was Kava. Its coin, KAVA, is currently defying the crypto turmoil and on 11 January rose 11% to $4.68, giving it a 34% boost since the New Year.
Tether price prediction: Can the first stablecoin thrive through scrutiny?
The current turmoil in the crypto space has allowed stablecoin Tether to leap over Binance Coin to claim third place in ranking of all cryptos by market capitalisation. Tether – as the name suggests – is linked to the US dollar and rarely varies 2% either way.
Ankr (ANKR) price prediction – still an attractive coin to watch?
Aiming to become an all-in-one solution, high-performance computing platform, ANKR put in its own high performance in 2021 with nearly 1,000% growth over the year.
Telcoin (TEL) price prediction: the future of blockchain remittances on mobile
Global money transfer provider Telcoin is looking to turn mobile phones into bank accounts using blockchain and mobile money infrastructure. Its tokens are distributed to telco operators based on their transaction volume and “integration maturity” and used as the money exchange mechanism.
This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
This news is republished from another source. You can check the original article here