Bitcoin just made its wickets below 28 and even further down to 25k. Luna is basically going down in a literally straight line and achieved 1$ before even UST. We got over a billion long liquidations. Today the markets just shed $200B alone from the combined market cap. This is not everyday Crypto, this is…
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The exchange, known as XTAGE, is currently scheduled to launch in Q2 2022.
Scroll down the various cryptocurrency feeds for a few minutes and you will see within seconds dozens of people who invested more than they can afford to lose. Why does literally nobody follow this advice? I put $500 into crypto (mostly a bag of ULTRASAFE coin and GenWealth coin and a little bit of PORNROCKET)…
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Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold after 12 months of acquisition.
Data shows the Bitcoin carnage has awakened the dead trading volume that had persisted since many months now. Bitcoin Trading Volume Surges To Highest Value Since December As per the latest weekly report from Arcane Research, the latest bloodbath in the crypto market has awakened BTC’s spot trading volume. The “trading volume” is an indicator that measures the total amount of Bitcoin being moved on the chain on any given day. When the value of this metric rises, it means the market is becoming more active as investors trade larger amounts of the crypto. On the other hand, a downtrend in the indicator suggests the Bitcoin market activity is going down at the moment. Historically, high trading volumes have made up for an ideal environment for pushing large price moves. This is because to sustain any such move, a large number of active traders are needed. Related Reading | Bitcoin Market Cap Falls By $315 Billion As Crypto Adoption In 2022 Fails To Materialize It’s also true that any significant price move attracts more traders in return as interest in Bitcoin goes up. Thus, it fuels itself to keep going. In cases when the volume hasn’t surged up in response to a move, the move hasn’t lasted for long before dying off. Now, here is a chart that shows the trend in the BTC trading volume over the past year: Looks like the value of the metric has surged up recently | Source: Arcane Research’s The Weekly Update – Week 18 As you can see in the above graph, the Bitcoin trading volume had been very quite since a couple of months now. However, this week the indicator’s value has sharply spiked up as the market has panicked due to the crash in the crypto’s price. Related Reading | Extreme Fear Back In Focus: Is It Time To Buy Bitcoin? On Monday, the daily trading volume amounted to around $13 billion in Bitcoin travelling on the network. This is the highest the value of the metric has been since the 4th of last December. It now remains to be seen whether the fresh spot volumes will remain to the next week, or if the market will once again fall back to sleep when the selloff is over. BTC Price Bitcoin’s price has now crashed down to lesser values than the low formed in summer 2021. At the time of writing, the coin trades around $28.1k, down 28% in the last seven days. Over the past month, the crypto has lost 29% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have crashed down over the last few days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent Governance Attacks, Team Says Restart Coming Soon At the time […]
Terra’s UST dropped as low as $0.29 and Tether’s USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday.
Now that we've had the latest face-melting event, and the crypto marketcap as a whole has plummeted from “$3 trillion to $1.25 trillion, I thought it would be worthwhile to survey the landscape a bit and see where things stand. Of the $1.25 trillion market cap, Bitcoin dominance is at 44.8%, Ethereum is at 19.3%,…
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