BITCOIN

It’s our first Monday edition of The Nightly Mint, and while NFT activity (and prices) are stuttering as the broader crypto market, and markets at large, embrace rocky tides. According to Dune Analytics, OpenSea activity in recent days hasn’t been this low since December; while the market is still seeing substantial volumes, there is clearly a ‘cooling’ period that we’re seeing relative to January and February’s activity. OpenSea daily volume in ETH is still at a cool ~$50M USD per day in recent days, but that pales in comparison to January and February daily volumes. | Source: Dune Analytics The Nightly Mint Immutable X Raises $200M At A $2.5B Valuation Layer-2 scaling solution Immutable X has partnered with GameStop, TikTok, and many more. The Australian-based startup raised a cool $200M to start the week, nailing a valuation of the firm at right around $2.5B. The platform has it’s own marketplace, and seems to have a focus on video games and user-owned NFTs. Latest Mint: Honoring...

Bitcoin remained in a bearish zone below $39,000 against the US Dollar. BTC could recover only if it manages to clear the $40,000 resistance zone. Bitcoin is showing bearish signs below the $39,000 and $40,000 resistance levels. The price is trading below $39,000 and the 100 hourly simple moving average. There is a key triangle pattern forming with resistance near $39,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a recovery wave if there is a clear move above $39,000 and $40,000. Bitcoin Price Remains in a Bearish Zone Bitcoin price settled below the $40,000 pivot level and the 100 hourly simple moving average. BTC even broke the $38,000 support level and traded as low as $37,159. The bulls managed to protect the $37,000 support zone. It is now recovering losses and trading above $37,500. There was a move above the $38,000 resistance zone. The price is now testing the 50% Fib retracement level of the recent decline from the $39,545 sw...

Apple co-founder Steve Wozniak says Bitcoin is “the only one that’s pure-gold mathematics.” He is skeptical of most other cryptocurrencies. In addition, Wozniak is a fan of the metaverse but is less enthusiastic about non-fungible tokens (NFTs). Apple’s Steve Wozniak Praises Bitcoin Apple co-founder Steve Wozniak talked about cryptocurrency in an interview with the Insider, published last week. He said: There’s so many cryptocurrencies that come out now. Everybody has a way to create a new one, and you have a celebrity star with it. It seems like they’re just collecting a bunch of money from people who want to invest at the very earliest stage, when it’s worth pennies. Wozniak also noted that some people buy cryptocurrencies because they are not aware of the potential windfalls. “Then they just fold,” he said. While he’s a fan of the metaverse, he’s less enthusiastic about non-fungible tokens (NFTs) and cryptocurrencies, the publication conveyed. He said that for the most part,...

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says that “what is happening with the U.S. dollar now is the end of the U.S. dollar.” He explained that “an international currency is supposed to be neutral but in Washington, they are now changing the rules,” emphasizing, “Washington does not play fair anymore.” Jim Rogers on the End of the U.S. Dollar Renowned investor Jim Rogers discussed the end of the U.S. dollar and the future outlook for cryptocurrency in an interview published by the Economic Times Sunday. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. He was asked about the outlook for the U.S. dollar and where he sees the dollar index headed. “I own U.S. dollars partly because when turmoil comes, people look for a safe haven. They think the U.S. dollar is a safe haven for historic reasons,” Rogers began. However, the veteran investor added: But what is happenin...