Meanwhile, the US financial markets have closed again. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we see how Apple is faring in NFTs. We also share the 3 Altcoin indicators that investors are following. Finally, we see how the CFTC is suing crypto exchange Gemini (owned by the Winklevoss brothers).
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto rise
At the time of writing, the live Bitcoin price is quoting EUR 28,350.66 ($30,500). This is 3.53% higher than during our Bitcoin update last night.
The top 25 crypto are also writing positive numbers again. Apart from a few stable coins, we only see green numbers. The biggest increase so far today is for Cardano (ADA), which is up 8.44%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
Is Apple getting ready for crypto entry with NFTs?
Ahead of WWDC (a conference for developers), Apple has announced 4 new software systems. OS 15, iPadOS 15, macOS Monterey and watchOS8 are currently in development. Included in this software is an argumented reality mode. When you open it you can see 3 trading cards of Memoji characters. A memoji is, roughly speaking, an Apple variant of the well-known emoji that you can endow with unique features such as your own face.
Since Tim Cook announced earlier this year that Apple is also focusing on techniques such as metaverse and argumented reality, insiders speculate that this application is a preparation (or perhaps cover) to be able to integrate NFTs into the software. This would fit seamlessly into the vision of NFT 2.0 that we discussed this weekend.
Not a best day for crypto exchange Gemini. Sued and fired
When the Winklevoss brothers wanted to tackle a new project after the battle of Facebook with Mark Zuckerberg, they turned to the crypto market. They started their own crypto exchange Gemini. This one had one of its down days today. For example, it was announced that they are anticipating a continued crypto winter and thus less crowds. Therefore, they are laying off 10% of their staff.
Then regulator CFTC came out with the announcement that they are going to sue the crypto exchange. They accuse the Winklevoss twins’ company of providing false information to investors when they introduced a futures contract that could be traded between 2017 and 2019.
It does not appear that the twins need to fear water and bread. According to the commentary, the CFTC mainly wants to send a signal to the market and is steering towards financial penalties, taking away the profits made with the product and sanctions that should prevent recurrence. The Winklevoss brothers deny everything, so this story too will undoubtedly be continued.
These 3 Altcoin season indicators excite investors
Many analysts are waiting for the start of Altcoin season to make up for their 2022 losses or join the next bull run of Bitcoin early. To spot (the start of) altcoin season, investors use these 3 Altcoin season indicators:
The ETH/BTC price action in a historical analysis;
A fractal comparison between the current market and the 2017 market
The Altseason Indicator. This ratio is made up of several technical factors used to make market analyses. The Altseason Indicator indicates whether the market is in Bitcoin season or Altcoin season and whether a trend change is imminent. This indicator currently stands at 24 and must be at least 75 to speak of Altcoin season.
The entire analysis including charts and explanations can be found here. The conclusion based on the analyses is that we will probably have to wait until August or September before we see the signals on Altcoin season. The positive is that analysts expect the new season to bring strong price increases for various crypto.
Want to stay up to date on the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”