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Join Our Telegram channel to stay up to date on breaking news coverage Fight Out (FGHT), one of the most advertised new cryptocurrency tokens, is ending its presale today after raising nearly $6 million in its presale. This is your last chance to buy FGHT with a 67% bonus. Getting in on the project’s ground floor could land you life-changing investment returns as an investor. 🚨Read below and follow link !!!https://t.co/1A3wBGVEbm pic.twitter.com/YGnp8zVyYO — FIGHT OUT (@_fightout) March 28, 2023 Fight Out Dynamics: Soulbound Avatar Fight Out meets users where combat sports and gaming collide. It is at the leading edge of that innovation, using a unique mix of real and virtual worlds to distinguish itself from other projects in the industry. The play-to-earn (P2E) game is based on the soulbound avatar of individual users, allowing them to earn rewards for maintaining a healthy and active lifestyle. Users get rewards for training and other activities with...

Taking to Twitter, one of the most well-known names in finance has spoken about where he may have been wrong. Specifically, Michael Burry stated that he was “wrong to say sell,” referencing a Tweet earlier this year with a singular statement: “Sell”. Burry is well-known for being the inspiration behind the 2015 comedy-drama, “The Big Short”, which covers his place in the financial crisis of 2008. Subsequently, Burry rescinded his previous statement with another tweet. I was wrong to say sell. — Cassandra B.C. (@michaeljburry) March 30, 2023 Burry Takes it Back The current economic status of the country is undoubtedly in a state of fragility. Not only has the country been engaged in a year-long fight against rising inflation rates, but a budding banking crisis has brought on newfound panic. Now, the man closely connected with the financial crisis of 2008 has spoken in reference to his previous proclamation. Specifically, Michael Burry has said that he was “wr...

The crypto intelligence firm CryptoQuant (@cryptoquant_com) tweeted their latest Analysis of Bitcoin’s MVRV Ratio this morning. According to the tweet, the MVRV ratio for Bitcoin (BTC) is a metric that divides the current market capitalization for BTC by the realized capitalization. Analyzing Bitcoin's MVRV Ratio: A Guide to Market Trends and Predictions "The #Bitcoin MVRV ratio is a metric that divides the current Bitcoin market capitalization by the realized capitalization." by @real_alexei Linkhttps://t.co/BVsbKIOqtR — CryptoQuant.com (@cryptoquant_com) March 30, 2023 In the introduction of their Analysis , CryptoQaunt shared that the MVRV has proven to be an exceptional indicator of market trends over the course of the last three halvings. The Analysis added that the MVRV ratio is also helpful in detecting market trends, stating that a positive motive for selling will arise if the market capitalization grows faster than the realized capitaliza...

Available reports show that the Ethereum network has removed nearly 70,000 ETH from circulation since the last major update, the Merge. That update saw Ethereum transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) algorithm. This development has reduced the selling pressure on ETH, the second-largest cryptocurrency by market capitalization. In the crypto industry, reducing the number of circulating tokens is considered a bullish signal for any asset. It is an idea consistent with the economic principle of demand and supply, where a reduction in supply creates scarcity, which by extension, results in an increase in the demand and value of an asset. According to a renowned cryptocurrency analyst popularly known on Twitter as Pentoshi, the shrinking supply of ETH is one of the forces behind the crypto’s current price rally. He believes this force could remain intact and push Ethereum to $2,000 soon. $Eth / USD Currently sitting above prev ra...

Join Our Telegram channel to stay up to date on breaking news coverage The latest Web3 startup vote-to-earn (V2E) meme coin, “Love Hate Inu,” continues to perform well in presale. The startup is developing a dog-themed social polling platform powered by cryptocurrency that will allow users to engage in discussion and vote on the world’s most contentious and debated issues. The team behind  Love Hate Inu ($LHINU) has raised $2 million with just six days left in Stage 3 of its eight-stage presale. Hey #LoveHateInu Gang!👋#ElonMetaMuskInu has an announcement to make!📢 We've raised over $2M USDT!💰🎉 Big thanks to all our supporters for making this happen.🙏 Join us now and experience the funniest #Memecoin project in the world!🚀⬇️ 🔗https://t.co/Pu2Bo8WOUy pic.twitter.com/PEGkOj74CY — Love Hate Inu (@LoveHateInu) March 28, 2023 The blockchain-based social media voting platform ha...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin price recorded an astonishing performance last week, soaring almost 28% to cross the $28,000 landmark. However, bulls’ aspiration to hit the $30,000 mark was cut short after the $29,000 psychological level rejected the price. Efforts by bulls to reclaim the trajectory have proved futile, with king crypto stretching another leg lower. Now, Bitcoin price has retraced back to the $27,000 zone after an intraday high of $28,023 on March 27. Bitcoin price suffers overhead pressure due to these factors The recent surge was attributed to plummeting confidence in the global banking system.  After several US regional banks and the Swiss giant Credit Suisse recorded concerning news, investors were spooked.  This made them shift to BTC as a safe haven. Towards the last stretch of March, however, the risk of other banks winding down appeared to be subsiding. This stifled the upside potential of Bi...

The popular crypto trader KALEO (@CryptoKaleo) tweeted yesterday that ETH/BTC “still looks terrible”. The tweet builds on to a long thread that was first created back on December 22 of last year, wherein KALEO has been consistently posting updates on the trading pair ever since. Daily chart for ETH/BTC (Source: TradingView) A number of members in the crypto community believe that Ethereum (ETH), the leading altcoin in terms of market cap, will eventually overtake Bitcoin (BTC) in terms of market cap. However, KALEO’s ongoing Analysis of ETH/BTC may force this belief to subside, albeit temporarily. According to the trader, ETH will weaken against BTC in the coming days. KALEO’s latest tweet concluded with the words “send it lower,” which suggests that KALEO currently has a bearish stance on ETH/BTC. At press time, the price of both BTC and ETH dropped over the last 24 hours according to CoinMarketCap. Currently, BTC’s price is trading at $27,540.32 after dropping 2.6...

It is said that two regional banks are competing to buy the failed bank Silicon Valley Bank. People who know about the situation told Bloomberg News on Saturday, March 25, that First Citizens BancShares and Valley National Bancorp have put in bids with the Federal Deposit Insurance Corp. (FDIC). Sources say that the FDIC, which took over Silicon Valley Bank (SVB) earlier this month, will choose a new owner as soon as this weekend. PYMNTS has asked both banks for their thoughts, but hasn’t heard back yet. Recent reports said that Customers Bancorp, based in Pennsylvania, was looking for possible co-investors for a bid to buy SVB, which failed after a run on deposits in one of the biggest bank failures in U.S. history. The FDIC has been trying to sell SVB. Last week, it said there was “substantial interest” in the bank and gave bidders until the end of the week to send in their offers. “There has been substantial interest from multiple parti...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market is dotted in red and green color, but mostly in red as investors adjust to the United States Federal Reserve’s 0.25% hike in interest rates. Nonetheless, a few tokens like FLR, TON, LHINU, FGHT, CCHG, METRO, and TARO have emerged as the biggest crypto gainers of the day. Global markets are expected to continue with their wobble amid another brewing bank crisis in Germany. Deutsche, a multinational investment bank in Germany has seen its share price tank in double-digits this week, with losses reaching 14% at one point in Thursday’s session. The banking crisis is no longer a United States problem, although it started there with the collapse of three banks; Signature Bank, Silvergate Bank, and Silicon Valley Bank (SVB). Regulators raced to save Switzerland’s 167-year-old bank, Credit Suisse. A rival UBS acquired Credit Suisse in a deal worth $3 billion, as the global econom...