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FTX crisis leads to record inflows into short-investment products
22.11.2022
The aftermath of FTX’s collapse has soured crypto investor sentiment with "record” inflows into short-investment products last week, said CoinShares
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020
21.11.2022
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday...
Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
21.11.2022
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
Bitcoin price levels to watch as traders bet on sub-$14K BTC
21.11.2022
Bitcoin bear market lows come in various shapes and sizes but BTC price is due to dip further, many analysts say
Bitcoin Price Prediction as BTC Falls to $16,000 Support – Time to Buy the Dip?
21.11.2022
During the European session, Bitcoin continued to trade sideways, but overall the trading bias remained positive above the triple bottom support area of the $15,800 level. Digital Currency Group (DCG), a key player in the cryptocurrency sector, announced Monday that it is the parent company...
BTC Has Died 466 Times — 2 More Death Calls Added to the Bitcoin Obituaries List After FTX Collapsed
21.11.2022
Just before the FTX collapse, bitcoin was trading above the $20K zone and after the problems started to show and the company filed for bankruptcy, bitcoin’s price dropped close to 19% lower than it was days before the fiasco. According to the official Bitcoin Obituaries list, the sliding...
Argentinian Officials Swoop on Illegal BTC Mining Farm in ‘Luxury Apartments’
21.11.2022
The Argentinian tax body’s crackdown on unregistered crypto mining is expanding to residential properties. Officers shut down an illegal Bitcoin (BTC) mining farm in a “high-end” block of apartments in an upscale part of La Plata, Buenos Aires Province.
Earlier this month, the tax body – known...
Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility
21.11.2022
Bitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. Hong Kong-based crypto ATM firm Genesis Block halted its operations, as it looks to stabilize its liquidity pool. Ethereum was also lower, as prices remained...
Bitcoin close to the $16k mark: Will BTC test $10k?
21.11.2022
Bitcoin is a leading cryptocurrency, but due to the FTX liquidity crisis, BTC price has broken the strong support of $19K. Now it is trading at $16,001, around the lower range of the Bollinger Bands. Most other technical indicators are bearish, suggesting it will consolidate within a range of $18K...
Binance Now Holds Nearly 600,000 Bitcoin Worth $9.6 Billion – Largest BTC Holder in the World?
21.11.2022
The Bitcoin balance of Binance, the world's largest cryptocurrency exchange, has more than doubled over the past 10 days, nearing 600,000.
According to data by crypto analytics platform Coinglass, Binance currently holds over 575,000 BTC coins, having added more than 137,011 coins just over...
GBTC next BTC price black swan? — 5 things to know in Bitcoin this week
21.11.2022
Bitcoin price rumors abound as GBTC comes in for a dose of cold feet thanks to FTX
Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’
21.11.2022
On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current...
Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange
20.11.2022
While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from...
$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection
20.11.2022
While it’s widely reported that hundreds of millions of dollars in Ethereum-based tokens were siphoned from the FTX wallet after the company filed for bankruptcy on Nov. 11, 2022, another $333 million worth of FTX-related bitcoins somehow vanished as well. At one point, FTX held $3.3 billion...
Bitcoin Price Prediction as BTC Jumps 6% From Recent Lows – Big Move Incoming?
20.11.2022
On Sunday, November 20, the total cryptocurrency market cap is $821 billion, 1.93% lower than yesterday. The market cap of DeFi coins has decreased by 1.83%.
Bitcoin, the leading cryptocurrency, has remained mostly unchanged, up 6% from a recent low of $15,828. Since Bitcoin has been trapped...
‘FTX Accounts Drainer’ Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC
20.11.2022
The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the “FTX Accounts...
GBTC Bitcoin discount nears 50% on FTX woes as investors stock up
20.11.2022
GBTC shares keep getting cheaper versus Bitcoin — an ideal reason to buy for ARK Invest and Lawrence Lepard
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K
20.11.2022
Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.” Schiff Predicts...
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
19.11.2022
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts...