Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears

Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion DisappearsAccording to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top […]

Go to Source

Powered by WPeMatico

3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining

3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to JoiningThe last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped […]

Go to Source

Powered by WPeMatico

What Are Altcoins and Why Are There Over 5,000 of Them?

What Are Altcoins and Why Are There Over 5,000 of Them?According to crypto market capitalization aggregators, there are more than 5,000 cryptocurrencies in existence today and over 20,000 different types of markets. BTC is the oldest and most known digital asset and most everything else has been typically referred to as an “altcoin.” The term refers to any of the thousands of prevalent cryptocurrencies that […]

The post What Are Altcoins and Why Are There Over 5,000 of Them? appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Crypto-Prices Slide After SEC Announcement

Markets Update: Crypto-Prices Slide After SEC AnnouncementCryptocurrencies are dropping in value once again on Wednesday, August 8 as most of the top digital assets are down between 9 to 18 percent over the last 24 hours. Prices started dropping yesterday after the U.S. Securities and Exchange Commission (SEC) extended the Cboe exchange-traded fund decision. Immediately after the announcement, bitcoin core (BTC) […]

The post Markets Update: Crypto-Prices Slide After SEC Announcement appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Bears Claw Billions Off Digital Currency Valuations

Markets Update: Bears Claw Billions Off Digital Currency ValuationsCryptocurrencies tumbled once again today in value as a great majority of digital assets are seeing losses this Saturday. Since our last markets update the entire digital currency economy shaved another $15 billion off the market capitalizations of all 1,600+ cryptocurrencies. Alongside the dreary prices, trade volumes have also been lackluster, leading many individuals to […]

The post Markets Update: Bears Claw Billions Off Digital Currency Valuations appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Trading Action Heats Up During the First Week of May

Markets Update: Trading Action Heats Up During the First Week of MayCryptocurrency markets are seeing some action today as digital asset values have been fluctuating over the past 72 hours. During yesterday’s trading sessions a lot of digital currencies dropped anywhere between 2-6 percent but many are erasing some of those losses today. On April 28, BTC/USD markets touched a high of $9,538 but dipped below […]

The post Markets Update: Trading Action Heats Up During the First Week of May appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Markets Update: Cryptocurrencies Recover Gains After the Coincheck Hack

Markets Update: Cryptocurrencies Recover Gains After the Coincheck HackBitcoin markets and cryptocurrencies values across the board are seeing healthy rebounds after the past three weeks of price dips. At the moment there is some substantial consolidation happening, and BTC bulls are still trying to breach the $12K zone. They came awfully close last night, but failed to break the key price region. Now, during […]

The post Markets Update: Cryptocurrencies Recover Gains After the Coincheck Hack appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico