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Bitcoin and Ethereum Consolidate, ADA, APE, and Multiple Altcoins Rally
13.5.2022
Bitcoin price climbed above the USD 30,000 resistance level and is currently (11:45 UTC) consolidating gains above USD 30,500. BTC jumped almost 7% in a day, trimming its weekly losses to less than 17%.
Similarly, most major altcoins are facing an uphill task. ETH recovered above USD 2,000...
Bitcoin Jumps Above USD 30K, Ethereum Reclaims 2K as Tether Regains Peg, LUNA & UST Near Zero
13.5.2022
Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%.
USDT regained its peg after losing it yesterday. (Learn more:...
Coinbase junk bonds tank amid market rout and creditors’ fears
13.5.2022
“Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet,” assured Coinbase CEO Brian Armstrong
Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook
13.5.2022
The miner is also being approached with potential M&A deals as some other miners are struggling to finance their growth
Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility
12.5.2022
Bitcoin (BTC) is experiencing less selling pressure relative to some altcoins, which is a risk-off signal. Analysts expect more volatility because of ongoing stablecoin risks
SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often
12.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms...
How long will the crypto bear market last? Raoul Pal's macro analysis
12.5.2022
In an exclusive interview with Cointelegraph, macro investor Raoul Pal analyzes the macro factors that are keeping the crypto markets under pressure and the triggers that could spark the next Bitcoin rally
Biggest Movers: AXS Jumps Over 20%, as MATIC Falls to 13-Month Low
12.5.2022
Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point since last April. Axie Infinity (AXS) AXS was one of the biggest gainers...
Two Clues for When Bitcoin Downturn Might End
12.5.2022
As the crypto market crash continued on Thursday, analysts told Cryptonews.com that traders should keep a close eye on the bitcoin (BTC) price on Coinbase, as well as tether’s (USDT) progress towards getting back to its dollar peg, for clues about when the worst selling pressure might end.
“If...
Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims
12.5.2022
Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to $0.0156 per unit. Terra’s founder Do Kwon revealed...
UST Competitor Maker Erases Weekly Gains
12.5.2022
The price of the stablecoin protocol Maker’s governance token MKR has erased all of its gains from this week, after spiking up by close to 90% on Wednesday.
At the time of writing (12:18 UTC), MKR was trading at USD 1,117, down by 27% for the past 24 hours and down by 25% for the past...
Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020
12.5.2022
Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally...
Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes
12.5.2022
Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market.
The development follows a depeg seen by Terra (LUNA)'s decentralized stablecoin UST, which seems to have placed...
Bitcoin, Ethereum, and Altcoins Try to Trim Losses, LUNA Tests New Lows
12.5.2022
Bitcoin price remained in a bearish zone below USD 30,000 support. BTC even broke the USD 27,500 support and spiked below USD 27,000. It is currently (11:47 UTC) correcting higher near USD 28,770 but is still down 9% in a day and 28% in a week.
Similarly, most major altcoins are down in double...
Bitcoin Dominance Rises as ETH/BTC Breaks Down
12.5.2022
The bitcoin (BTC) dominance – bitcoin’s share of the overall crypto market capitalization – has risen sharply over the past two days, as the price of ethereum (ETH) has broken lower against BTC.
Since Wednesday this week, the bitcoin dominance has risen from under 42% to 44.3% as of Thursday...
Bitcoin ETFs Enter Australia as Crypto Market Tanks
12.5.2022
Australia recently released its inaugural crypto ETF (exchange-traded funds) amid a crypto meltdown. Assets including ETFs 21Shares ETH ETF, Cosmos Purpose BTC Access ETF, and ETFs 21Shares BTC ETF entered the local exchange. The portfolios will allow users to directly invest in digital coins....
Market Panic Puts Tether Peg Under Pressure
12.5.2022
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)’s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don’t seem to want “free money.”...
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Citadel Securities, BlackRock Claim They Had No Role in the UST Collapse
12.5.2022
Global market maker Citadel Securities and major asset manager BlackRock have denied involvement in the collapse of Terra's algorithmic stablecoin TerraUSD (UST).
The assertions came after a conspiracy theory that alleged Citadel Securities and BlackRock made a coordinated attack on UST...
Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight
12.5.2022
The past 24 hours were among the biggest crypto market drops in recent months
Bitcoin Below USD 29K, Ethereum Dives More, LUNA, Altcoins Crash
12.5.2022
Bitcoin price started another decline and traded below the key USD 30,000 support. BTC even broke the USD 28,500 support to move further into a bearish zone. It is currently (03:58 UTC) down 8% and is trading near USD 28,700. BTC is also down 28% in a week.
Similarly, most major altcoins...