Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp.
According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 – daily low, and LTC down 28% to a daily low of $120, in the same timeframe.
So far today, the total cryptocurrency market capitalization dropped from $1.6 Trillion to $1.23T – a staggering loss of over $400 Billion in total value.
Traders across CT flip bearish as sentiment takes a plunge. The cryptocurrency fear & greed index reaches new lows as people panic sell, aiding the market’s overall downwards trajectory. #cryptocurrency becomes one of the top trending tags on Twitter in several countries.
BTC stands notably stronger as alts take a severe hammering. Small-cap altcoins took a worse beating: several are down over 90% today, which makes the large-cap alts’ 30% daily loss seem benign.
News about China’s potential Bitcoin ban and its implications has gripped the Internet, as speculation about miners selling off their BTC stash flies rampant.
These turbulent times have caused even ‘safe’ assets to be doubted in the cryptocurrency ecosystem: USDT, a Terra-backed stablecoin, broke its peg, temporarily diving down to $0.95.
As Bitcoin dives to retest the $30K mark, there has been a noticeable increase in net long positions on futures exchanges, primarily BitMEX and Binance.
[PR – Hong Kong, Hong Kong, 13th December, 2022, Chainwire] Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and…
This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days. Bitcoin Bitcoin is up by a powerful 15.8% over the…
Bitcoin saw the largest surge in transactions exceeding $100,000 in almost two years. According to prominent crypto analyst Ali Martinez, the 16,900 large transactions on January 4th can be used as an indicator of whale activity in the Bitcoin market, providing valuable perspectives on the potential positions of these influential participants in the crypto market.
Following another dip below $45,000, bitcoin has bounced off and reclaimed $46,000. Most altcoins, though, have outperformed their leader. The most evident example comes from Cardano (ADA), which has surged by 20% in the past 24 hours. ADA Explodes 20% as ETH Reclaims $3.2K The alternative coins’ performance has been rather impressive in the past…
[PRESS RELEASE – Please Read Disclaimer] Geneva, Switzerland / April 28 / – TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years. TRON has been a long-time proponent of the decentralization of…
Over the past few years, the pace of development in artificial intelligence (AI) technologies has become increasingly rapid. This is leading to some impressive predictions about how the AI revolution will impact our lives over the next few years. For instance, Accenture claims that AI technology may double economic growth rates between now and 2035.…
The Dutch crypto provider Bitcoin Meester has become the exclusive partner of the top soccer team AZ Alkmaar. As part of the deal, the team will receive some of the funds in bitcoin, which it pledged to hold. AZ Alkmaar – The First Soccer Club to Operate with BTC One of the most successful soccer…
The most-anticipated event in the cryptocurrency industry this year took place earlier today, confirming Ethereum’s transition from PoW to PoS. While the effects for the second-largest blockchain will be unveiled gradually in time, Ethereum Classic seems to be benefiting the most for now. CryptoPotato reported earlier today when the Ethereum mainnet finally merged with the…
A slew of major U.S. grocery chains have been targeted by scammers in recent months posing fake bomb threats with demands for ransom payments. While often involving cash or gift cards, the scammers have sometimes requested that their victims pay them in Bitcoin (BTC). The Supermarket Scam As reported by the Wall Street Journal on…