Monat: Juli 2022

Veröffentlicht am

Here is why MATIC is up by more than 25% in the last 24 hours

MATIC is the best performing cryptocurrency amongst the top 20 cryptocurrencies by market cap. 

The cryptocurrency market has performed positively over the weekend, with the bulls taking full control of the market. 

At press time, the total market cap stands above $1 trillion, up by more than 5% in the last 24 hours. 

Bitcoin remains the leading cryptocurrency by market cap and topped the $22k resistance level over the past 24 hours. Ether is eyeing the $1,500 psychological level after adding more than 10% to its value today.

Meanwhile, MATIC, the native token of the Polygon ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap. MATIC has added more than 25% to its value today, outperforming the other major cryptocurrencies in the process.

The rally comes after CoinLedger, a leading tax reporting platform for cryptocurrency, DeFi, and NFT users, announced earlier today that it had officially integrated with the Polygon blockchain (MATIC).

Thanks to this latest development, users who interact with Polygon via dApps and wallets can now import their transaction history directly to CoinLedger, allowing them to automate all of their capital gains, losses, and income tax reporting.

Key levels to watch

The MATIC/USD 4-hour chart is bullish as Polygon has been performing well over the last 24 hours. 

The MACD line is within the positive zone, indicating bullish momentum. The 14-day RSI of 86 shows that MATIC is currently in the overbought territory.

At press time, MATIC is trading at $0.98 per coin. If the rally continues, MATIC could cross the $1 mark over the next few hours. 

In the event of an extended bullish run, MATIC could also surge past the $1.10 resistance level over the next few hours or days. However, it would need the support of the broader market to embark on a bullish run. 

The post Here is why MATIC is up by more than 25% in the last 24 hours appeared first on CoinJournal.

Veröffentlicht am

Bybit partners trading solutions provider Actant

Crypto exchange Bybit is partnering with Actant, a trading solutions provider that provides services to clients such as investment banks and hedge funds, to offer the best first-in-class trading tools to both institutional and retail traders.

The collaboration, which targets professional traders, sees Bybit fully integrated with the Actant platform. It means Actant can now provide its full range of trading tools to Bybit, including risk management, automation, and quoting.

“I’m confident this partnership will benefit both our institutional and retail clients,” Ben Zhou, a co-founder and CEO of Bybit said in a press release.

Following the partnership, Actant users can now also trade and clear on the Bybit exchange..

“Actant, as an industry leader, is a natural fit for Bybit, and we are excited to combine their institutional-grade tools with our deep liquidity and ultra-fast 100K TPS matching engine. This partnership will allow users of both our platforms to benefit from the exponential growth of the crypto derivatives market, and strengthen both parties’ positions as market leaders,” he added.

Bybit, one of the leading cryptocurrency exchanges in the world, was established in March 2018. The company’s growth over the last few two years has seen it strike major partnerships, including Formula One team Oracle Red Bull Racing, and German soccer giants Borussia Dortmund.

The post Bybit partners trading solutions provider Actant appeared first on CoinJournal.