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Bitcoin struggles to find support at $27K-$30K
Bitcoin (BTC) has been trading in a tight range between $27,000 and $30,000 in recent days. This is an important support zone for BTC, which is...
Markets - Page 2
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Is this shape-shifting image the logo Bitcoin needs?
UPDATE (May 18, 2022, 17:30 UTC): Clarifies that the designer was a student at the time and that the logo proposal was a school project. A graphic...
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Bitcoin, major cryptocurrencies slide as markets digest hawkish Powell remarks
Bitcoin fell below $30,000 in European trading on Wednesday, while traditional markets declined. Traders and analysts assessed the potential economic impact of Federal Reserve Chairman Jerome...
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First mover Asia_ USDC didn't "flip" USDT, but trader preferences change; cryptos rise despite bear market
Good Morning. Here's what happened: Prices: Bitcoin and other major cryptocurrencies in the green, but market sentiment remains bearish. Insights: investors are changing their stablecoin preferences. Technician's take: BTC...
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Market Wrap_ Cryptos and stocks mixed amid bearish sentiment
Bitcoin (BTC) failed to move decisively above or below $30,000 on Tuesday. The cryptocurrency appears to be stabilizing, although sentiment among traders remains bearish. Some alternative cryptocurrencies...
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Bitcoin rises to $30K, with resistance at $35K
Bitcoin (BTC) continues to trade around $30,000 and is at the lower end of a one-year price range. The cryptocurrency appears to be stabilizing, although resistance...
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Bitcoin rises to $30K; resistance at $35K
Bitcoin (BTC) continues to trade around $30,000, which is near the bottom of a one-year price range. The cryptocurrency appears to be stabilizing, although resistance at...
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Bitcoin, ether hover above support amid China optimism, U.S. futures rise
Bitcoin held above the $30,000 level while indices in Asian, Indian, European and U.S. markets turned green on Tuesday, data showed. Traders priced in expectations of an...
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Citi considers it unlikely that the consequences of terra collapse will affect the entire financial system
Cryptocurrency markets were under pressure last week following the collapse of the third-largest stablecoin, terraUSD (UST), Citi said in a note published May 13. The decline in...
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Terra's LUNA Rises, Then Sinks, After Do Kwon's Fork Proposal
Terra's LUNA has lost nearly a quarter of its value in the last 24 hours after founder Do Kwon revealed plans to revive the blockchain. LUNA rose...
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First mover Asia_ Metaverse ETFs underperform gaming ETFs; cryptocurrencies return to the red
Good Morning. Here's what happened: Prices: Bitcoin and most other cryptocurrencies are returning to the red. Insights: metaverse ETFs are struggling to keep up with gaming ETFs. Technician's take:...
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Market Wrap_ Cryptos mixed as volatility eases, traders expect weak rally
Bitcoin (BTC) was roughly flat on Monday, while some alternative cryptocurrencies (altcoins) underperformed, suggesting lower risk appetite among traders. LUNA, Terra's governance token, fell 18% in the...
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Big-money investors who drove up bitcoin price could now crash it
A major event in the crypto world in 2021 was the entry of institutional investors into the space. Tesla (TSLA) purchased $1.5 billion worth of Bitcoin...
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Bitcoin is struggling in the support zone between $27K and $30K, with resistance at $35K.
Bitcoin (BTC) is stabilizing around the $30,000 level after last week's massive sell-off. The cryptocurrency needs to stay above the support zone between $27,000 and $30,000...
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Bitcoin struggles around $27K-$30K support zone; resistance at $35K
Bitcoin (BTC) is stabilizing around the $30,000 level after last week's sell-off. The cryptocurrency needs to stay above the support zone between $27,000 and $30,000 this...
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Crypto funds saw highest inflows of the year as Terra crisis crashed markets
Digital asset funds saw their highest inflows since late 2021 last week as investors responded to the market panic caused by the Terra implosion. Crypto funds saw...
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Bitcoin suffers losses for the first time seven weeks in a row
For the first time in its history, Bitcoin (BTC) suffered losses for seven consecutive weeks. This is due to a downturn in major markets, stricter crypto...
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First Mover Asia_ Events in China and India have also weighed on crypto prices
Good morning. Here's what happened: Prices: Cryptos rise after Fed rate hike. Insights: bitcoin and other cryptocurrencies show the impact of events in Asia. Technician's take: expect abrupt price...
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Fantom stablecoin DEI is the last to lose the dollar Peg
Deus Finance's stablecoin Dei (DEI) lost its peg to the U.S. dollar, falling as low as 54 cents in European hours on Monday, data showed. The...
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Bitcoin records losses for the first time seven weeks in a row
Bitcoin (BTC) posted seven straight weeks of losses for the first time in its history amid a downturn in the broader markets, tighter crypto regulations, waning...
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First Mover Asia_ Singapore regulators to target domestic crypto companies after Terra collapse; bitcoin recovers
Good morning! Here's what happened: Prices: Bitcoin makes a small comeback on Sunday. Insights: crypto firms could face more scrutiny in Singapore. Technician's take: BTC is on track...
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Justin Sun talks USDD stablecoin in wake of LUNA/UST split
Justin Sun didn't expect Terra's $19 billion UST stablecoin to be crushed less than a week after launching his own algorithmic stablecoin, USDD. In late April, Sun...
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Market Wrap_ Cryptos are higher after a volatile week
Most cryptocurrencies traded higher on Friday as bearish sentiment eased. It seems that short-term buyers have returned from the sidelines, although technical indicators show limited upside...
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Bitcoin oversold; resistance at $33K-$35K
Bitcoin (BTC) bounced towards $30,000 on Friday as buyers reacted to oversold conditions. Still, the uptrend seems limited and the cryptocurrency could face resistance at $33,000...
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CleanSpark, Hat 8 shares lead bitcoin miner rally as markets rebound
Cryptocurrency stocks are seeing big gains on Friday as bitcoin (BTC) climbs back above $30,000 and the broader equity markets make considerable headway. CleanSpark (CLSK) and Hut...
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Grayscale bitcoin trust discount drops to all-time low of 30.79
The $18.3 billion Grayscale Bitcoin Trust (GBTC), the world's largest bitcoin fund, extended its market discount to an all-time low of 30.79% this week as crypto...
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OKX removes Terra's LUNA and UST from program, citing user protections
Crypto exchange OKX has discontinued margin and borrowing services for Terra ecosystem tokens such as Luna (LUNA), Anchor (ANC) and Mirror (MIR) and would end spot...
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Cardano's ADA jumps 40%, leading major cryptocurrency rally; sentiment remains 'extremely fearful'
Major cryptocurrencies rallied in the last 24 hours, reversing some of Thursday's decline and adding 13% to the total market cap, even as an indicator of...
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Crypto-related stocks in Asia see volatile trading amid bitcoin recovery
Bitcoin (BTC), Ether (ETH), and Terra's LUNA weren't the only major assets to suffer losses for investors this week, as the broader crypto market lost as...
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LUNA, UST still available on FTX and other exchanges despite Terra blockchain halt
Despite a second halt to the Terra blockchain by its validators, the protocol's LUNA and UST tokens can still be traded on FTX and other smaller...
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First Mover Asia_ Terra's Planetary Collapse Is Taking Down Crypto Lending; Altcoins Plummet
Good morning! Here's what happened: Prices: Bitcoin struggles; altcoins underperform. Insights: Terra's implosion threatens crypto credit protocols. Technician's take: BTC is oversold and could see a short-term bounce.PricesBitcoin (BTC):...
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Market Wrap_ Bitcoin stabilizes while altcoins underperform
Cryptocurrencies are starting to stabilize after falling sharply last week. Some indicators show that investor sentiment is extremely bearish, which usually follows a period of buying...
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Market Wrap_ Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, saw a sharp drop to $25,402 on Thursday. The cryptocurrency stabilized later in the New York trading...
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Bitcoin holds support above $27K; resistance at $35K-$40K
Bitcoin (BTC) appears to be oversold on the charts, which usually precedes a short-term price bounce. The cryptocurrency dipped towards $25,400 before quickly recovering above the $27,000...
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Terra-based DeFi Protocol anchor proposes lowering UST yield to 4%.
Terra-based decentralized financial protocol (DeFi) Anchor contributors have proposed lowering terraUSD (UST) interest rates to an average of 4% from the current 19.5%, as the broader...
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Terra proposes token burn and increase pool size to stop UST dilution
Terra believes that downward pressure on the UST share dilutes Luna, hindering recovery for both while creating a surplus of UST. The way to solve this...
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Terra's LUNA has dropped 99.7% in less than a week. This is good for UST
Traders of Terra's LUNA token suffered some of their biggest weekly losses in recent months as prices fell 99.7% in a week, data shows. The LUNA price...
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Tether loses $1 peg, bitcoin falls to 2020 levels of nearly $24K
Tether (USDT) slumped to 97 cents in Asian hours, losing its parity with the US dollar at the time of writing. On Coinbase, it fell as...
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Ether futures lead $1.2B in liquidations, crypto market capital falls 16% overnight
Ether futures led the liquidation losses in the last 24 hours as crypto markets lost over 16% of their total capitalization, data from multiple sources show. Liquidations...
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Citadel Securities, BlackRock, Gemini reject social media allegations of involvement in UST collapse
Is UST's collapse due to a sinister conspiracy involving the same people as the GameStop short squeeze? Or was it due to a structural problem with...
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Cathie Woods Ark Invest snaps up more than half a million Coinbase shares as exchange's stock plunges
Three Cathie Woods ARK Investment Management funds bought a total of 546,579 shares of Coinbase Global (COIN) stock, Ark said in an email Thursday. Coinbase shares...
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First mover Asia_ Bitcoin at 16-month low, UST collapse shows risks of 'algo' stablecoins
Good morning. Here's what happened: Prices: Bitcoin hits lowest level since December 2020 amid UST implosion. Insights: algo stablecoins may not be such a good idea. Technician's take: BTC...
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Market Wrap_ Cryptocurrencies widen their losses, LUNA crashes
Crypto markets were deep red on Wednesday as stablecoin woes kept some traders on edge. Terra's LUNA token crashed for the third day in a row, falling...
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'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
Just two months ago, Do Kwon, the founder of the Terra blockchain, tweeted to his followers that DAI, a five-year-old stablecoin, would fall victim to Terra's...
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Bitcoin struggles near $27K-$30K support zone
Bitcoin (BTC) has fallen 6% in the last 24 hours and is trading at the lower end of a one-year price range. The cryptocurrency could find...
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Crisis in Terra's UST stablecoin spreads to Neutrino USD on Waves protocol
Neutrino USD (USDN), an algorithmic stablecoin within the Waves blockchain ecosystem, slipped below its U.S. dollar peg after the largest algorithmic stablecoin, TerraUSD (UST), fell as...
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Headline inflation slows to 8.3% in April, but core inflation continues to rise
Inflation in the U.S. slowed last month for the first time since November 2020, according to a Labor Department report Wednesday. The consumer price index (CPI), the...
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Anchor community submits proposal to restore UST pole
The Anchor Protocol community has put forward a proposal to peg the U.S. Terra stablecoin (UST), which is trading at $0.57 at the time of writing,...
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Stepn's move-to-earn model lets crypto analysts see long-term value
Stepn, an "exercise-to-earn" app on the Solana blockchain that allows users to earn cryptocurrency rewards for walking or jogging, is gaining traction in digital asset markets. The...
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UST falls to $0.35, Terra futures record $106M in liquidations.
Futures traders lost $106 million on Terra's LUNA in the last 24 hours as prices fell below $7. The data show that about 58% of traders were...
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Bitcoin flirts with $30K during Asian trading day as Luna Foundation Guard struggles to defend UST peg
Bitcoin fell more than 3.5% during the trading day in Asia, briefly reaching $30,230, according to the CoinDesk Price Index, as the Luna Foundation Guard (LFG)...
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Terra's LUNA falls below $8 after 90% weekly plunge
Terra's LUNA continued its slide for the third consecutive day, falling 73% in the last 24 hours to a price level previously reached in August 2021. Anchor,...
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Coinbase has no risk of bankruptcy, new 10-Q disclosure long eye is SEC requirement, CEO Armstrong says
Coinbase founder and CEO Brian Armstrong said in a tweet Wednesday that the new wording in the latest 10-Q filing is simply a new requirement from...
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First Mover Asia_ Crypto market decline underscores its unpredictability; Bitcoin holds at $31K
Good morning! Here's what happened: Prices: Bitcoin holds up; other cryptocurrencies are mixed. Insights: crypto prices are unpredictable. Technician's take: BTC volume surge is first sign of capitulation, but...
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US bitcoin reserve comes too late to save dollar peg
Luna Foundation Guard's (LFG) proposed cryptocurrency reserve to protect against a collapse of the UST stablecoin came too late to prevent last week's market turmoil. As digital...
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UST continues spiral after quiet day in orbit around 90 cents
TerraUSD (UST) continued its downward spiral Tuesday afternoon New York time, dipping below $0.80 as it broke a relatively quiet 12-hour period in which its price...
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Market Wrap_ Altcoins Outperform als Bitcoin stabilisiert um $30K
Crypto markets were less volatile on Tuesday as some traders bought off price losses. The bitcoin (BTC) price stabilized at around $30,000, which is the low point...
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Past peak inflation could be misleading as price pressures continue to rise
After months of rising inflation, a new U.S. government report this week may finally show a slowdown in price increases. But don't be fooled: That doesn't...
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Bitcoin holds support at $30K; resistance at $35K
Bitcoin (BTC) stabilized around the $30,000 support level, which could keep short-term buyers active. Nevertheless, the uptrend seems to be limited, initially towards the next resistance...
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Crypto market crash leads to $1B in liquidations, majors lose key support
Crypto futures recorded more than $1 billion in liquidations in the past 24 hours amid weak market sentiment and the loss of key support levels. Bitcoin (BTC)...
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Binance suspends withdrawals of LUNA and UST tokens
Binance has suspended withdrawals of LUNA and UST tokens due to "network slowness and congestion."Binance will reopen withdrawals for these tokens once we deem the network...
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Bitcoin falls below $30K amid general market sell-off, hits 10-month low
Bitcoin (BTC) fell below $30,000 on Tuesday as both traditional financial markets and cryptocurrencies suffer from a sell-off caused by the Federal Reserve's aggressive monetary tightening...
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First mover Asia_ Has Nvidia benefited from crypto mining? Consider shares of its production partners; cryptos have a rough day
Good Morning. Here's what happened: Prices: Bitcoin and other major cryptocurrencies plummet. Insights: Nvidia has a dour relationship with the crypto industry. Technician's take: BTC's collapse is confirmed, and...
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Coinbase, Microstrategy lead crypto stocks in market route lower
Microstrategy (MSTR) fell 25% and Coinbase (COIN) dropped 20%, setting the tone for crypto-related stocks, while Bitcoin (BTC) fell from $40,000 a few days ago to...
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Bitcoin under pressure, with support at $27K-$30K
Bitcoin (BTC) confirmed a break below its short-term uptrend and is now targeting low support between $27,000 and $30,000. Sellers may remain active given the weakening...
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Investors flee Terra's anchor as UST stablecoin repeatedly loses $1 level
Deposits of about $5 billion, or more than a third of the total, disappeared from Anchor, the Terra blockchain-based yield protocol, in recent days, amounting to...
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Market Wrap_ Cryptos, stocks reel amid extreme bearish sentiment
Selling pressure intensified in both cryptocurrencies and equities on Monday as investors continue to reduce their exposure to speculative assets. Bitcoin (BTC) fell towards $30,000 for the...
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Bitcoin plunges to $43K, lowest in three weeks
Bitcoin (BTC) fell 5.4% to around $43,000, its lowest level in three weeks.The price move appears to be a continuation of last week's trend, when bitcoin...
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Bitcoin under pressure; support at $27K-$30K
Bitcoin (BTC) confirmed the break below its short-term uptrend and is now targeting the lower support at $27,000 and $30,000. Sellers may remain active given the...
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Bitcoin funds had surprising inflows as markets crashed
There were a surprising number of inflows into digital asset funds, the first time money has flowed into them in four weeks. This came despite a...
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Bitcoin plunges to lowest level since July 2021, market panic grows
The reality of tighter monetary policy continues to be felt in all markets, including the crypto markets. Bitcoin (BTC), which surpassed $40,000 a few days ago,...
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DeFi Locked Value falls to low for year, $27B lost over weekend
Value tied up in decentralized financial protocols (DeFi) hit a 2022 low over the weekend amid a general sell-off in global markets and waning interest in...
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LDO token of staking tool Lido DAO rises ahead of Binance listing
LDO, the governance token from Lido Finance, surged in Asia during the morning after crypto exchange Binance announced it would list the token later in the...
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Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg
Luna Foundation Guard (LFG) will lend $1.5 billion in Bitcoin (BTC) and TerraUSD (UST) to protect the peg of its algorithmic stablecoin to the U.S. dollar.In...
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First Mover Asia_ BitMEX saga leaves fundamental regulatory issues still unresolved; bitcoin continues to fall
Good Morning. Here's what happened: Prices: Bitcoin and Ether plunged over the weekend as investors continue to worry about rising interest rates and the possibility of a...
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Bitcoin slips to 3-month low by $34K
Bitcoin (BTC) fell to a three-month low on Sunday after crypto analysts warned that price charts were sending bearish signals. At press time, the bitcoin price...
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Market Wrap_ Crypto selloff stabilizes amid bearish sentiment
Bitcoin (BTC) stabilized around $36,000 and remained about the same on Friday. The cryptocurrency traded with lower volatility over the last 24 hours compared to yesterday's...
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Bitcoin collapses; support at $30K
Bitcoin (BTC) broke below a short-term uptrend as momentum signals turned negative. The cryptocurrency could see further declines towards $30,000, which is near the bottom of...
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First Mover Asia_ Thailand has already proven why taking crypto for luxury goods doesn't work
Good morning. Here's what happened: Prices: Bitcoin and other cryptocurrencies are plummeting. Insights: will Gucci's entry into the crypto world last? Technician's take: BTC is in danger of falling...
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U.S. labor market report shows increase of 428,000, adding to price pressure
The U.S. economy added 428,000 jobs in April, exceeding expectations, according to a Labor Department report released Friday. Economists had expected a gain of 400,000 nonfarm...