Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion.

Timeline of Cosmos, Bitcoin, Ethereum

Finally, there is some wonderful news for Brazilian crypto investors who invested in Luna and UST. The abrupt collapse of Terra (Luna) has devastated the lives of investors who are concerned they will get thrown out on the street as a result of the bitcoin upheaval.

In the wake of the collapse of algorithmic stablecoin TerraUSD ($UST), a group of three tech artists have launched a stablecoin backed by a can of AriZona Iced Tea, which is America's #1 iced tea brand. According to a report by TechCrunch, Mossy, a collective of three “techy artists” have created a new Ethereum-powered stablecoin

Binance, the crypto space's largest exchange by global volume, has announced that it has completed infrastructural integration with Optimism, a layer-2 (L2) Ethereum scaling solution. The integration will see Binance opening deposits for ETH on Optimism Layer 2, with newly assigned ETH deposit addresses for its users.

ETH started the weekend trading below $2,000 as the price consolidation in crypto continued. Bitcoin is also trading lower during Saturday's session, with the world's largest cryptocurrency once again falling under $30,000. Bitcoin Following marginal gains above the $30,000 level during yesterday's session, BTC once again fell below this point. Friday saw BTC/USD trading at

Binance, the world's largest cryptocurrency exchange by volume, announced on Friday that it had integrated the layer-2 scaling solution Optimism because Binance is optimistic about the future of Ethereum's Layer 2.  The exchange explained that, at this time, deposits are the only thing supported; withdrawals will not be available until the exchange achieves optimal liquidity.

Bitcoin price after trading above $30,000 for a couple of days, has now dropped below. And moreover, the less price variation within the asset has raised the speculation for lower levels to be hit in the upcoming days. A popular analyst, in a series of tweets, pens down the reasons why he believes BTC price …

A popular crypto analyst is digging into the charts to see what's next for Bitcoin (BTC) as well as one enterprise-grade blockchain platform. In a new post, Michaël van de Poppe alerts his 602,500 Twitter followers that he's eyeing $29,300 as a key make-or-break indicator for Bitcoin. “Still watching the level at $29,300 for Bitcoin. The post Here's What's Next for Bitcoin and One Ethereum Competitor, According to Crypto Analyst Michaël van de Poppe appeared first on The Daily Hodl.

Bitcoin has struggled to hold above the $30,000 level after making a brief move on Friday. It has already corrected 3% since and is currently trading at $29,330 with a market cap of $557 billion.

Bitcoin was indecisive as it traded just above the $29k mark, and the altcoin market has been trading sideways in the past few hours as well. Cosmos rose above the $11.06 support level and held on, while Fantom and Chainlink appeared to trade within a range.

The bears have been shadowing the cryptocurrency market for more than a month now. However, the crypto market is still under bearish pressure where the Bitcoin price is consolidating below $30,000 again and again. At the time of reporting, Bitcoin is changing hands at $29,429 with a downfall of 2.75% over the last 24hrs. Bitcoin …