Elite Investment Company Blog

Stop orders were triggered in the morning low-liquid market, one observer said.

Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.

The newspaper has found a brisk business in selling NFTs of its historical front pages, with it clearing $127,000 in its last auction

Push past $41,000 comes as major Asian equity markets open in the green at the start of Wednesday's trading session and the market awaits Fed decision.

Hong Kong's Hang Seng market has suffered through some of its worst days in more than a decade but that has not seemed to affect bitcoin's price much; cryptos rose slightly amid wait for Fed interest rate decision.

BTC was up 2% over the past 24 hours, compared with a 5% gain in ETH and a 20% rally in GRT.

A volatile breakout or breakdown is likely this week.

Coinbase outflows represent continued institutional adoption of bitcoin as a macro asset, analytics firm Glassnode said.

The Federal Reserve is likely to raise rates by 25 basis points on Wednesday, the first hike since 2018.

Analysts says that the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto.

See Wan Toong, the CTO of Red Door Digital, a Taipei-based studio building out Web 3 games, believes games can be creative and lucrative; major cryptos were mixed with prices of some rising slightly and others falling.

The sideways price range could result in higher volatility over the next two weeks.