Cryptostreet

Bitcoin has been moving sideways for a few weeks now.  Again and again, investors hoped for a breakthrough above 40,000 US dollars, but it did not come.  Furthermore, there was the more frequent threat of a crash well below $ 30,000, but the price moved up again.  What are the 3 reasons for Bitcoin's sideways movement? Reason 1 for Bitcoin's sideways movement: Uncertainty A big component of Bitcoin's current sideways trend is market uncertainty.  In the past few weeks, there have been several bad news for Bitcoin, which first triggered a price decline and then the sideways movement.  First Elon Musk sharply criticized Bitcoin,  then there were far-reaching bans on Bitcoin mining in China.  New regulations and bans in particular weakened the bull market again and again in 2021.  An uncertainty remains here that discourages many investors, especially institutional investors, from investing in the market.  Reason 2: firmly established resistance...

Polygon (MATIC) made headlines yesterday: The platform announced that it would like to launch "Avail".  The team behind Polygon, which has built a network based on the Ethereum blockchain with their project, wants to offer primarily standalone chains, sidechains and off-chain solutions with “Avail”.  “Avail” is supposed to establish a new type of blockchains.  What does that mean exactly?  You will find out in the article. According to the press release, “Avail” is described in the English original as a “robust general-purpose scalable data availability layer”.  This means that "Avail" is intended to represent a multi-purpose, scalable and data availability-oriented blockchain.  The press release also mentioned the start of an interest-bearing investment called Pickle.Finance. For "Avail" it was also announced that this application will primarily serve sidechains.  This means that various scaling solutions can dock on Avail and access the transaction d...

After the initial euphoria, the hype surrounding the Web 3.0 Internet Computer project has clearly flattened out.  After its crash, however, the ICP token gradually seems to be on the way to recovery.  For various reasons. When the Internet computer went live in early May, expectations were high.  The development of the decentralized Web 3.0 project, which declares war on the monopoly of Internet companies in cyberspace, took a good five years to develop.  The live event made waves beyond the crypto space, and the token of the same name hit like a bomb.  From a standstill, the utility token reached a market capitalization of over US $ 20 billion, and the ICP unit price was already over US $ 700 on May 10.  Not much of that remains, however.  Because as quickly as the token rose, it also disappeared from the scene again quickly. From the investors' point of view, the timing could hardly have been more unfavorable: On May 12th, just two days after the of...