$BLUR Faces Bearish Trends Amidst Crypto Market Rally

Despite a week marked by bullish movements across the cryptocurrency market, the native token of the Ethereum-based Non-Fungible Token (NFT) marketplace, $BLUR, failed to capitalize on the rally. Instead, it experienced a downtrend, trading on the downside throughout the week and witnessing a 10% decrease in its value. Today, an on-chain report shed light on significant activity involving a whale or institution holding $DYDX and $BLUR tokens worth US$28.54 million. The entity recharged 1.5 million BLUR to Coinbase, translating to a value of US$1.07 million, just a few hours ago. 两小时前,持有价值 2,854 万美金 $DYDX 和 $BLUR 的巨鲸 / 机构向 #Coinbase

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USDC/USDT Stablecoin Pair Experiences Brief Dip In Value Amidst Market Turbulence

In a recent bout of market turmoil, the trading pair involving Circle’s USDC dollar and Tether’s USDT on Binance witnessed a sudden drop to $0.76 and $0.8 at UTC+8 20:00 and 20:15, respectively. Shortly thereafter, the values swiftly normalized. A similar dip was observed on OKX, with the trading pair reaching $0.955 around 20:00. In today’s panic drop, the USDC/USDT trading pair on Binance dropped to $0.76 and $0.8 at UTC+8 20:00 and 20:15 respectively, and then quickly returned to normal price level. The price of the trading pair also fell to $0.955 around 20:00 on OKX. https://t.co/asYaZGmJma pic.twitter.com/l0yCg2efx2 —

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Crypto Markets Witness Swift Correction In About $400m Liquidation As Traders Debate About Buy-the-Dip Calls And Bear Market Speculations

In the world of crypto, a rapid descent has unfolded, marking the swiftest drop in four months and prompting mild unease among traders. The correction across markets has triggered a flurry of #buythedip calls, indicating a prevalent eagerness and FOMO (Fear of Missing Out) sentiment as prices hit lows. 📉 #Crypto markets have retraced in a big way, & #Bitcoin’s price has now dropped 9.8% since its top on December 8th. Lower cap #altcoins are showing particularly steep falls, and there is a mix between #buythedip calls vs. those who are speculating that a #bearmarket is looming. pic.twitter.com/rDB0cZze1C — Santiment

The post Crypto Markets Witness Swift Correction In About $400m Liquidation As Traders Debate About Buy-the-Dip Calls And Bear Market Speculations appeared first on The Merkle News.

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Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

Bitcoin Dips as Elon Musk Tweets Broken Heart EmojiThe price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk Tweet Pushes Bitcoin Price Down Before the Weekend […]

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Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M

Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300MYearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and […]

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Down We Go: $38 Billion Evaporated as Bitcoin, Altcoins Net Double Digit Losses

For those calling for the end of the bear cycle- hold tight a little longer. Following the extended sideways market movements, a price explosion was imminent. Unfortunately, this action took place in favor of sellers, as Bitcoin continues to tumble over the course of the past 24 hours. Altcoins have similarly followed suit. Last night, […]

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Bitcoin Price: Dip Below $7,250 Seems Imminent but Won’t Last Long

Today is not a good day for the cryptocurrency markets. Even though volatility has been an integral part of this industry for some time now, this year’s cycle seems to be unrelenting. With the Bitcoin price dropping by 5.17% again, it remains to be seen if the world’s leading cryptocurrency can remain above $7,250 for […]

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Bitcoin Price Rises Above $9,250 Again as Yesterday’s Dip is Bought up and Forgotten

TheMerkle Bitcoin Price Close to 7500These are very exciting times for Bitcoin price speculators. With the world’s leading cryptocurrency recovering some of its initial losses in recent weeks, the expectations are quite high. Those expectations were almost shattered yesterday, as the Bitcoin price dipped below $8,800. However, thanks to the solid support, that value has now risen above $9,200 once again. Bitcoin Price Volatility Works Both Ways It is not hard to see why people often criticize the volatile Bitcoin price. In most cases, these discussions arise when Bitcoin loses value in quick succession. Yesterday was an interesting example, as the Bitcoin price dropped from

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Altcoins Slide as Price of Bitcoin Falls Below $9,000

TheMerkle Ethereum market CorrectionAs is always expected with major surges, cryptocurrency markets have seen a significant drawback following strong performances across the board since local BTC lows of under US$7,000 earlier in the month. Following impressive Bitcoin and altcoin gains earlier in the week, global market capitalization has fallen about 10% in the past day. While many speculators feared what would happen when Bitcoin approached the US$10,000 resistance, the price never quite made it to the benchmark. After reaching highs of about US$9,750 last night, BTC saw significant decline. After falling to local lows of around $8,800, the king of crypto recovered slightly to its

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NEO Price Needs to Find Support Before $100 is Reached

The past few days were not easy for cryptocurrency enthusiasts. Any small gain recorded in any market will quickly be pushed back down. This vicious cycle of small gains and steep losses has become rather problematic for most altcoins. Even the NEO price is struggling to find any stable ground whatsoever. Despite a surge to $150 not that long ago, we are now heading back to $115. A very unfortunate turn of events, but the volatility will only increase from here on out. What Comes Next for the NEO Price? It is pretty much impossible to find any common sense

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