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Bitcoin, Ethereum and Altcoins at Risk of Further Losses
8.6.2021
Bitcoin price started a fresh decline from well above the USD 36,500 zone. BTC is down almost 9% and it is currently (12:12 PM UTC) trading above USD 33,000. The price is showing bearish signs and it could slide further if there is a close below USD 32,000.
Similarly, most major altcoins...
Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain
2.6.2021
Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China.
Per Kaktus Media, the number of mining...
Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Markets
30.5.2021
Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto...
Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains
29.5.2021
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers...
Bitcoin bounces after weeklong ‘capitulation event’ results in $14.2B in losses
24.5.2021
Bitcoin price briefly tops $40,000 and Ether climbs above $2,600 as traders gain their composure following last week's "historic deleveraging event."
Bitcoin and Ethereum Recover Losses, Upsides Limited
24.5.2021
Bitcoin price failed to move into a positive zone and it extended its decline below USD 35,000. BTC tested the USD 31,000 zone and formed a low near USD 31,150. It is currently (04:40 UTC) correcting higher, but the bears might remain active near USD 38,000.
Similarly, most major altcoins extended...
Crypto Prices Consolidate, Analysts Blame Bitcoin Market Rout on ‘Overleveraged Positions’
21.5.2021
Digital currency markets have been consolidating after taking some heavy losses during the last few days. Billions of dollars have jumped back into the crypto economy on Thursday, as the overall market valuation of all coins in existence has jumped back to $1.75 trillion on Friday. Bitcoin...
US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins
20.5.2021
US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains...
Bitcoin Back to $42K, Nearly Recovering All of Wednesday’s Losses
20.5.2021
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months
Pancake Bunny Suffers Attack; Estimated Losses of $1 Billion
20.5.2021
Pancake Bunny, a decentralized finance protocol from the house of Binance, has suffered an attack. The platform has been exploited in an attack related to its flash loan, and initial estimates pegged the total loss to be around $1 billion. As a result of this attack, the price of the BUNNY token...
Bitcoin and Ethereum Trim Losses, AAVE & SUSHI Outperform
17.5.2021
Bitcoin price extended its decline towards the key USD 42,000 support. BTC tested USD 42,200 before it started a recovery wave. It is currently (12:20 PM UTC) back above USD 45,000 and is showing signs of a possible further recovery.
Similarly, most major altcoins are inching higher. ETH traded...
Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter
16.5.2021
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto...
Bitcoin, Ethereum, Altcoins Fluctuate After Trimming Losses
11.5.2021
Bitcoin price started recovering from the USD 53,500 zone. BTC climbed above USD 54,500 and it is currently (12:00 PM UTC) trading below USD 55,500. A close above USD 56,500 could trigger a steady increase in the coming sessions.
Most major altcoins are showing mixed results. ETH climbed above...
Wallstreetbets Forum Members Targeted by a Crypto Scam That Reportedly Left Over $2M in Losses
7.5.2021
The famous Wallstreetbets (WSB) Reddit forum has made headlines again in the cryptocurrency community, but this time around, it’s not because of ban-related topics or endorsements on a digital asset. Some WSB members reportedly fell into a crypto scam which has left people with millions...
Police: Suicide Linked to USD 180,000 Crypto Losses
29.4.2021
Source: iStock/D-Keine
A South Korean man aged in his twenties has committed suicide – and police claim that a crypto investment gone wrong likely drove him to take his own life.
Police in Gangneung, Gangwon Province, said the man was found dead in the area on the afternoon of April 24. No suicide...
Market Update: Bitcoin Bulls Bounce Back, Dogecoin Slumps, XRP Jumps 18%
27.4.2021
Digital currency markets have been regaining some of the losses felt last week as the entire crypto-economy has jumped back over the $2 trillion valuation mark. Bitcoin has risen above the $55k zone, while other digital assets have seen more precipitous gains. Out of the top ten leading crypto...
Bitcoin, Ethereum and Altcoins Trim Losses, DOGE Rallying Again
19.4.2021
Yesterday, bitcoin price saw a nasty decline of over USD 8,000. BTC even tested the USD 51,500 support before the bulls appeared. It recovered some of its losses and it is currently (04:30 UTC) showing positive signs above the USD 56,500 pivot level.
Similarly, most major altcoins are trimming...
Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May
16.4.2021
Digital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value...
Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos
9.4.2021
Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline...
Bitcoin price slides 5% as second day of losses costs Ethereum $2K landmark
7.4.2021
A sea of red greets traders on Wednesday as blame shifts to leveraged long traders and the need to liquidate their positions