Bitcoin price falls as global recession and AI bubble fears send investors scrambling

Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. 2360 Total views 23 Total shares Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.DeFi struggles as Bitcoin shinesThe DeFi…

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.The crypto market is in a downward spiral, with Bitcoin (BTC) plunging over 50% below its peak price. In an…

Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding…

The agreement, which is subject to a court approval, resolves a major hurdle for FTX bankruptcy process.

Cryptocurrencies like Bitcoin (BTC) are not new to the sports industry. Some NBA teams began accepting BTC as payment for tickets as early as 2014. Since then, the relationship between sports and crypto has been rapidly evolving. Today, a firm that claims to be the world’s first ever crypto exchange for sport tokens has rolled…

A startup based in Kyiv, Ukraine says its trading terminal Superorder, which is powered by automation features, can aggregate crypto trades across multiple exchanges, allowing investors to centralise their trading activities.Superorder: Redefining trading terminalsAccording to the developers, Superorder is a “next generation trading terminal,” which provides users with centralized trading on any exchange from a…

China’s securities regulators has urged Beijing authorities to carry out relevant actions aimed at preventing the usage of cryptocurrencies by the public.In a Dec. 27 announcement on the China Securities Regulatory Commission (CSRC) website pointed out the risks of the resurgence of digital currencies, such as the escalation of crypto trading activities, digital currency mortgage…

The price of Bitcoin (BTC) is consolidating between $55,000 and $56,000 following the rejection at $61,000. Whale clusters suggest that one key level has to be defended to prevent a drop to the mid-$40,000 region. According to the data from Whalemap, which tracks Bitcoin whale activity, $55,406 is a critical whale cluster support area.If Bitcoin breaks…