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Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform
20.5.2022
Risk-off conditions remain intact as volatility returns to stocks and cryptos. Meanwhile, DeFi tokens are lagging behind bitcoin (BTC)
Terra contagion leads to 80%+ decline in DeFi protocols associated with UST
11.5.2022
Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options
First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K
11.5.2022
Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; cryptos have a mixed day
Recent Bitcoin Bull Run and Prior Run-up Data Suggests a Softer Bear Market Is in the Cards
4.5.2022
It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline...
Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K
2.5.2022
Crypto market weakness continues into May as analysts suggest that deteriorating sentiment could lead Bitcoin price to re-test $28,000
Biggest Movers: NEAR Hits 1-Month Low, XMR Down 12%
27.4.2022
NEAR saw recent losses extend on Wednesday, as it fell to a one-month low during today’s session. The decline in NEAR came as XMR also traded in the red, falling to a multi-week low in the process. NEAR Protocol (NEAR) NEAR was one of the biggest tokens to fall on hump-day, as prices fell...
Ethereum price 'bear flag' could sink ETH to $2K after 20% decline in three weeks
19.4.2022
Analysts still expect Ethereum to hold its long-term bullish bias on bets that its highly-anticipated technical upgrade this year will be successful
First Mover Asia: Taiwan Chip Manufacturer TSMC Remains a Crypto Skeptic; Major Cryptos Decline
15.4.2022
The company, which was burned during the last major bear market, did not mention crypto mining in its last earnings report; bitcoin loses its gains from the previous day
Three-quarters of BTC addresses still in profit despite market decline: Glassnode
12.4.2022
The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance”, and long-term holders are the most likely to be in the green
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows
11.4.2022
Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%. Bitcoin Bitcoin extended its recent decline on Monday,...
Biggest Movers: ETC Biggest Gainer in Top 30 on Thursday, ZEC Also Rises
7.4.2022
Ethereum classic was easily the biggest gainer in the top 30 on Thursday, as the global crypto market was trading 0.9% lower as of writing. ZEC was also higher on the day, in what was a choppy session, as volatility remained higher, following a recent decline in prices. Ethereum Classic (ETC)...
Market Wrap: Cryptos Decline After Rejection of EU Bitcoin Proposal
14.3.2022
Bitcoin (BTC) and other cryptos were unmoved after the rejection of the EU bitcoin proposal on Monday. Traders expect a busy week ahead with the Fed meeting and geopolitical developments on tap
First Mover Asia: South Korea Election Made Crypto a Big Issue, but There's No Guarantee of a Follow-Through; Cryptos Suffer Weekend Decline
13.3.2022
Both candidates made crypto an important issue to attract younger voters. It's not yet clear if the winner, Yoon Suk-yeol, will introduce legislation fulfilling his promises; bitcoin and ether were both in the red
Biggest Movers: Monero, Cosmos Slip on Thursday, as Crypto Economy’s Red Wave Returns
10.3.2022
With cryptocurrency markets falling on Thursday, XMR and ATOM were two of the biggest movers during the day. Solana was also nearing a double-digit decline, as bulls seemingly sat out today’s session. Monero (XMR) Monero (XMR) was undoubtedly the biggest bear during Thursday’s...
First Mover Asia: Malaysia May Be Asia's Next Crypto Hub; Major Cryptos Decline as Russia Onslaught Intensifies
8.3.2022
Bank of Israel: Adoption of CBDC Will Not Materially Affect the Banking System
5.3.2022
Israel’s central bank says the public’s adoption of the digital shekel is not expected “to materially affect the banking system.” The bank, however, warns that any issuance of such digital currency will likely result in a decline of the volume of the public’s...
First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline
4.3.2022
The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades
Ukraine Asks Crypto Exchanges to Freeze Accounts of All Russian Users — Major Exchanges Deny Request
28.2.2022
The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed it is “not going to unilaterally freeze millions of innocent users’...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound After Weekend Selloff
28.2.2022
Bitcoin and ethereum prices rebounded on Monday, after declining throughout the weekend. As the Russian invasion of Ukraine heightened, crypto traders appeared to take a risk-off approach this weekend, however some bulls seemed to return to start the week. Bitcoin Bitcoin ended two consecutive...
Bitcoin and Ethereum Resume Decline, Altcoins Trim Gains
21.2.2022
Bitcoin price faced sellers near USD 39,500 and is currently (11:57 UTC) trimming gains near USD 37,500 while remaining at risk of more downsides.
Similarly, most major altcoins are struggling to recover. ETH struggled near USD 2,750 and dropped below USD 2,650. XRP is approaching the USD 0.75...