Bitcoin hinges on $93K support, risks $1.3B liquidation on trade war concerns

A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist. 60 Total views 4 Total shares Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to…

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.

Bitcoin’s (BTC) bullish momentum is “fading” as liquidity shifts preempt a volatile move, a new analysis warns.In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book.Analyst: Bitcoin bulls and bears both lack “real strength”BTC’s price has stayed tightly rangebound since the weekend

Singapore-headquartered cryptocurrency exchange Huobi announced the creation of what it calls a “stablecoin solution” in a blog post Friday, Oct. 19.Set to go live from Friday, the project, known as HUSD, will consist of Huobi’s own stablecoin asset which investors can use as an go-between to interact with four USD-backed stablecoins currently listed on the…

Thor Technologies got a lump of coal in its Christmas stocking from the SEC in the form of charges relating to the ICO for its Thor Token that failed a year later. 730 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTThe United States Securities and Exchange Commission…

Layer 2 TVL has more than doubled over the past couple of months, hitting a new all-time high of $5.64 billion. 1433 Total views 7 Total shares The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to steadily rise driving further adoption. Layer 2…

Vietnam has had quite a love and hate relationship with the crypto market, where it has authorized and banned Bitcoin use on numerous occasions in the past. 158 Total views 2 Total shares Le Minh Khai, the deputy prime minister of Vietnam has issued a notification to the finance ministry, asking them to explore and…