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Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
14.6.2022
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows...
Ethereum, Altcoins Outperform Bitcoin, while SOL, ADA, and DOT Rally
14.6.2022
After testing the USD 21,000 support zone, bitcoin moved higher and touched USD 23,000 before correcting lower again. It is currently (11:44 UTC) consolidating losses near USD 22,000 and is down almost 8% in a day and 29% in a week.
Similarly, most major altcoins are consolidating losses....
Bitcoin Dives to USD 21K, Ethereum Tests USD 1.1K, FTM, THETA, and GALA Rally
14.6.2022
Bitcoin price remained in a strong downtrend and traded below the USD 25,000 support zone. BTC tested the USD 21,000 level before recovering to almost USD 22,000 again. It is currently (03:51 UTC) trading near USD 21,900, with a major support near USD 20,500. BTC is down 14% in a day and 30%...
Crypto Listing and Delisting Announcements: Week 24
13.6.2022
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Bitcoin and Ethereum Bears in Control, Altcoins Crash Too
13.6.2022
Bitcoin price remained in a bearish zone below the USD 28,000 level and extended its decline below the USD 25,000 support. It is currently (04:49 UTC) down almost 14% and might even test the USD 23,200 support. BTC is also down 21% in a week....
Read More: Bitcoin and Ethereum Bears in Control...
100º Celsius: Industry Debating Possible Impact, Lenders Reassuring Users, Nexo Offers Help
13.6.2022
Major crypto lender Celsius (CEL) has entered boiling hot water today when it announced a halt to withdrawals, transfers between accounts, and Swap – leaving the crypto industry to try and figure out how this crisis may affect it, as lenders left and right reassure their users of normal...
Desperate Celsius Users Face Liquidations as Crypto Market Tanks, Solvency Debate Begins
13.6.2022
Some users of Celsius (CEL), a troubled major crypto lender, are facing liquidations of their trading positions as the crypto market crashes and industry players discuss (in)solvency of Celsius and chances to sue the company.
To make things worse, the company has also suspended withdrawals...
Bitcoin Tests USD 25K, Ethereum Dives to USD 1.3K, CEL Crashes on Paused Withdrawals News
13.6.2022
Bitcoin price struggled to start a fresh increase above the USD 30,000 resistance and dived to the USD 25,000 level before somewhat recovering. It is currently (03:57 UTC) trading above USD 25,500 and is down almost 8% in a day and 15% in a week.
Similarly, most major altcoins started a major...
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation
12.6.2022
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from...
Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate
10.6.2022
Global financial markets and crypto sold off after June 10’s 8.6% CPI print showed inflation remains a persistent challenge
Bitcoin and Ethereum Could End The Week Lower
10.6.2022
Bitcoin price failed to stay above the USD 30,500 support zone. BTC even declined below the USD 30,000 level. It is currently (11:10 UTC) showing a few bearish signs and remains at a risk of a move below USD 29,500.
Similarly, most major altcoins are showing bearish signs. ETH is now trading well...
Bitcoin and Ethereum Fluctuate in a Range, LINK and XTZ Outperform
10.6.2022
Bitcoin price remained below the USD 31,200 resistance and moved towards USD 30,000 again. BTC is currently (03:52 UTC) trading below USD 30,200 and is unchanged in a day and down 1% in a week. A clear move below USD 29,500 could start a stronger decline.
Similarly, most major altcoins...
Market Wrap: Cryptos Rise With Altcoins in the Lead
9.6.2022
Bitcoin (BTC) is rangebound, although some altcoins such as LINK, HNT ADA are starting to outperform. Sentiment is less bearish
Bitcoin and Ethereum Still Consolidate, LINK, HNT, and XTZ Outperform
9.6.2022
Bitcoin price moved lower in a range and tested the USD 30,000 level before recovering. It is currently (11:48 UTC) still stuck in its usual range and trades near USD 30,400. BTC is unchanged in a day and up almost 3% in a week.
Similarly, most major altcoins are trading in a range. ETH...
Bitcoin and Ethereum Still Stuck In Range, THETA and HNT Rally
9.6.2022
Bitcoin price failed to clear the USD 31,500 resistance zone and corrected below USD 30,500. It is currently (04:01 UTC) trading near USD 30,300 and is up 1% in a day and almost 2% in a week.
Similarly, most major altcoins are also range-bound. ETH traded below the USD 1,820 and USD 1,800...
Gillibrand and Lummis state that most altcoins are securities
9.6.2022
“Most cryptocurrencies go to the SEC [...] Bitcoin and Ether would be certainly commodities, and that's agreed upon,” said the U.S. Senator from New York Kirsten Gillibrand
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
8.6.2022
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology....
New Luna Token Down Almost 90% From Its All-Time High and Keeps Trending Lower
8.6.2022
LUNA, the native token of the new Terra blockchain, has fallen consistently in the market since seeing an initial spike on its first day of trading, with industry observers keep questioning whether the attempt to revive Terra will work....
Read More: New Luna Token Down Almost 90% From...
Bitcoin and Ethereum Still Range-Bound, LINK and THETA Outperform
8.6.2022
After dropping from USD 31,500 to USD 30,000 earlier today, bitcoin somewhat recovered and is currently trading near USD 30,500 again. BTC is up 3% in a day and down 4% in a week.
Similarly, most major altcoins are facing key hurdles. ETH failed to stay above the USD 1,850 resistance zone....
Five South Korean Crypto Exchanges to Delist Litecoin Following Mimblewimble Upgrade
8.6.2022
All five of South Korea’s licensed, fiat-trading crypto exchanges have announced they will delist litecoin (LTC) after developers rolled out the Mimblewimble Extension Block protocol.
The five exchanges – Upbit, Bithumb, Coinone, Korbit, and Gopax – all made their LTC delisting announcements...