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Crypto Biz: Massive inflows to exchanges amid market turbulence
9.8.2024
This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
7.8.2024
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data...
Market Turbulence Continues as Crypto Outflows Reach $1.2 Billion
24.6.2024
As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $584 million...
Massive BTC Market Turbulence, Analyst Predicts $650K BTC Price, and More — Week in Review
21.4.2024
Last weekend witnessed a significant decline in Bitcoin prices that continued throughout the week, resulting in a $4,500 drop and erasing $167 million in BTC long positions within just an hour. Despite this turbulence, onchain analyst Willy Woo forecasts a potential rise in Bitcoin’s price...
Bitcoin Price Prediction as BTC Bounces From $60,000 Level – More Selling Incoming?
18.4.2024
As Bitcoin navigates the uncertain waters around $61,650 after a 4% decline, the looming April 20 halving could catalyze further market turbulence.
The post Bitcoin Price Prediction as BTC Bounces From $60,000 Level – More Selling Incoming? appeared first on Cryptonews
Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour
13.4.2024
The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations...
Bitcoin Technical Analysis: Bearish Signals Amid Market Turbulence Put Traders on High Alert
20.3.2024
Bitcoin, with its intraday low and high at $60,760 and $66,382 respectively, and currently trading above the $63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon....
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
Bitcoin Price Prediction as BTC Takes a Tumble – When is the Next Attempt at New Highs?
1.3.2024
As Bitcoin teeters at $62,840, its resilience amidst market turbulence hints at a potential surge. Will it breach new highs beyond $63,925?
The post Bitcoin Price Prediction as BTC Takes a Tumble – When is the Next Attempt at New Highs? appeared first on Cryptonews
Bitcoin Technical Analysis: Bearish Signals and Bullish Hints Amidst Market Turbulence
29.1.2024
Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $41,950 to $42,069 within the last hour. Indicators such as oscillators and moving averages reveal a diverse...
Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide
22.1.2024
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks. Bears Take the Reigns—Bitcoin Falls Under $40K...
TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold
16.1.2024
Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD Faces Unsteady Ground, Drops Under...
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
4.1.2024
Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In...
Best Crypto to Buy Today January 3 – Conflux, Sei, Internet Computer
3.1.2024
CFX, SEI, and ICP stand out as top options for the best crypto to buy today amidst market turbulence. Image by cryptonews.com. The cryptocurrency market is experiencing a sharp selloff, with Bitcoin leading the downturn following a recent analysis by Matrixport suggesting the SEC will likely reject...
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
3.1.2024
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these...
Meme Coin Rollercoaster Ride — BONK’s Value Plummets Amidst Market Turbulence and Rising Contenders
30.12.2023
While the meme coin phenomenon bonk (BONK) captivated users on the Solana network, the cryptocurrency recently witnessed a 41% decline over the preceding fortnight, accompanied by a 20.8% descent in the past week. Following its mid-December peak to an all-time high (ATH), BONK has plummeted...
Crypto trading volume reach lowest point in August, While Bitcoin Spark’s ICO reports record numbers
17.9.2023
August witnessed a slump in the cryptocurrency landscape as trading volume dipped to its lowest point since 2019. The scenario depicts a subdued market as exchanges and money makers record consistent drops in trading volume. This prolonged decline in trading volumes raises concerns about...
Crypto Industry Positioned for Growth After Market Turbulence, Says Circle CEO Jeremy Allaire
28.8.2023
Despite a challenging year for the sector, Circle CEO Jeremy Allaire remains optimistic about the potential for growth and transformation in digital assets over the coming years – including on the regulatory front.
During a newly published interview with Fortune, Allaire drew parallels between...
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence
22.8.2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for...
Defi TVL Dips Below $40B Amidst Market Turbulence and Shrinking Confidence
22.8.2023
After remaining above $40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have decreased by $1.74 billion in value over nine days....