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Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
10.5.2022
LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent...
KuCoin Valued at USD 10B, Three New Crypto ETFs, Circle's 'Decentralized Identity' + More News
10.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: KuCoin Valued at USD 10B, Three New Crypto ETFs, Circle's 'Decentralized Identity' + More News
Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg
10.5.2022
Bitcoin price remains in a strong downtrend below the USD 35,000 support level. BTC even dropped below USD 30,000 before recovering. It is currently (04:44 UTC) correcting losses and trading near USD 30,800, but upsides might be limited above USD 32,500. BTC is down almost 9% in a day and 20%...
Bitcoin Slides Below USD 33K, Analysts Look for Possible Bottom
9.5.2022
Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency hit the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile...
Solana Breaches the Crucial Support of $81; Time to Sell SOL?
9.5.2022
Solana is considered the closest competitor to Ethereum, mainly because of its massive institutional banking and unparalleled speed. However, SOL has seen its fair share of network issues over the last few months, and SOL has fallen far from its all-time high. This has left many wondering whether...
Shiba Inu May Correct Further; Will SHIB Hit $0.000010?
9.5.2022
Shiba Inu reached its local support level, which helped a bounce back during January 2022. Currently, we are witnessing a broader negative sentiment on the entire crypto space, which is evident since assets started to breach their 200 and 100 days moving average value. SHIB, since January 2022,...
Bitcoin Drops Below USD 33K, Ethereum Slides More, Altcoins Tumble
9.5.2022
Bitcoin price extended its decline below the USD 35,000 support and dropped below USD 33,000. It is currently (11:45 UTC) trading near USD 32,900 and is down over 5% in a day and almost 15% in a week.
Similarly, most major altcoins extended their decrease. ETH moved below USD 2,400 and is down...
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
9.5.2022
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST
Bitcoin.com Secures $33.6 Million Through A Private Sale For Its New Ecosystem Token VERSE
9.5.2022
Bitcoin.com confirms the completion of a private sale round for its VERSE token. The team secured $33.6 million to bring its utility token to the broader bitcoin.com ecosystem. Numerous investors contributed to the round, including Digital Strategies, ViaBTC Capital, Redwood City Ventures, 4SV,...
Bitcoin Below USD 34K, Ethereum Keeps Trending Lower, XMR, AXS, and NEAR Rally
9.5.2022
Bitcoin price remained in a bearish zone below the USD 38,000 level and extended losses below the USD 35,500 support. It is currently (04:04 UTC) showing bearish signs near USD 33,637 after recovering from USD 33,400. BTC is down almost 3% in a day and 12% in a week....
Read More: Bitcoin Below...
Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year
8.5.2022
Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped...
Catching the Falling Knife: Bitcoin, Ethereum Down 50% From All-Time Highs — Billions Leave Crypto Economy
8.5.2022
The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower...
Ethereum Stuck Around $3K; Will ETH Record a Bull Run Soon?
6.5.2022
Ethereum price trends over different time frames offer different perspectives. Based on the charts, it is the best time to hold ETH. However, the market share of ETH’s competitors is seen to be rising, or is Ethereum just taking a much-needed break before the next big bull run? Well, if we take...
Bitcoin Drops Below USD 36K, Ethereum Down 9%, Altcoins Keep Sliding
6.5.2022
Bitcoin price started a strong decline below the USD 40,000 resistance zone and settled below the USD 37,500 level to move into a bearish zone. It is currently (11:49 UTC) down almost 10% and is trading near USD 35,800.
Similarly, most major altcoins are gaining bearish momentum. ETH broke...
Juno’s Developer Sends $36 Million to an Inaccessible Address
6.5.2022
Juno recently sent $36 million to an inaccessible wallet due to a typo caused by one of the developers. A total of 3 million Juno tokens were transferred initially meant to be driven to a wallet controlled by the holders of Juno tokens. The community has voted to seize the amount from the investor...
Court Hands BitMEX Founders USD 30m in Fines for AML Violations
6.5.2022
A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”...
Read More: Court Hands BitMEX Founders USD 30m in Fines for AML Violations
Binance Backs Twitter Takeover with USD 500m, Musk Could Serve as Interim CEO
5.5.2022
The major crypto exchange Binance is backing Elon Musk’s takeover of Twitter with a USD 500m investment, a public filing showed. Meanwhile, Musk might also serve as temporary CEO of Twitter once the takeover is done.
The investment from Binance is among the largest on a list of commitments...
AUD/USD Faces Technical Level with Trade Data Due Today
5.5.2022
The Australian Dollar races ahead against its peers, including the US Dollar, as MACD has made a bullish move further to rally the couple to its 100-day Simple Moving Average. Chair Jeremy Powell reportedly tempered the talks to hike the rate by 75-basis points, sparking a response of higher risk...
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...
Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition
4.5.2022
Bentley University, the private university located in Waltham, Massachusetts, has revealed it now accepts digital currencies for tuition payments. Bentley University’s president explained that the school has been “at the forefront in preparing business leaders” and further...