Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

bitcoin and Ether Rebound Amid Market Turbulence bitcoin and Ether, two of the most popular cryptocurrencies, showed signs of recovery on Tuesday following a recent sharp decline triggered by broader market volatility bitcoin saw a 3 6% increase, trading at approximately $55,988 as of 5:50 UTC, although it has experienced a 16% decline over the past week Similarly, Ether gained 4 4%, reaching $2,526, despite a 24% drop in the last week...

In a startling turn of events that has caught the attention of the global financial market, we're currently witnessing a considerable downturn in the cryptocurrency market, following the 'Black Monday' bitcoin, the flagship cryptocurrency, has seen its value plummet nearly 30% from a peak of $70,000 to a surprising low of $49,700 on 5th August, all within a span of just 10 days ethereum, alongside several other altcoins, has not been spared, registering a fall of 50% or more during this staggering free fall This precipitous decline is attributed to a confluence of factors, including geopolitical tensions, recession fears, and a significant crash of Japan’s Nikkei index These factors have severely undermined investor confidence and have throttled the flow of funds into leveraged investments, further exacerbating the market's instability...