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 —

The post USDC/USDT Stablecoin Pair Experiences Brief Dip In Value Amidst Market Turbulence appeared first on The Merkle News.

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While the Merge Led the Bear Market Rise, Hype Has Been Erased and Ethereum Now Leads the Slide

While the Merge Led the Bear Market Rise, Hype Has Been Erased and Ethereum Now Leads the SlideWith just over two weeks left until The Merge, ethereum’s value against the U.S. dollar has lost all the gains the crypto asset recorded leading up to the hardened date. In mid-August, ether managed to climb above the $2K zone but since then, the second largest cryptocurrency by market cap lost 23% over the past […]

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$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address

$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address$3.6 billion or 94,643.29 bitcoin stemming from the 2016 Bitfinex hack was moved and consolidated into a single wallet following 23 transfers. At the time of writing, the $3.6 billion in bitcoin remains idle and the trading platform Bitfinex says it “continues to work globally with law enforcement agencies” in regard to the matter. More […]

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Over $750 Million in Bitcoin from the 2016 Bitfinex Hack Moved Today

Over $750 Million in Bitcoin from the 2016 Bitfinex Hack Moved TodayOn Wednesday, after bitcoin prices touched a new all-time high, thousands of bitcoins from the August 2, 2016, Bitfinex hack were transferred to unknown wallets. The exact count of BTC moved from the hack is not entirely clear, but one blockchain parser shows that over 12,208 BTC from the 2016 Bitfinex breach worth $754 million […]

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Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins, F2pool Hawks 3,633 BTC

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins, F2pool Hawks 3,633 BTCOn Sunday, February 21, the price of bitcoin touched a new all-time high (ATH) at $58,354 and at the time, inflow into exchanges spiked as well. According to data from the onchain analysis firm, Santiment, stats indicate that exchange inflow jumped 11x on Sunday and data also shows one whale address was responsible for the […]

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Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered Healthy

Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered HealthyThe price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed […]

The post Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered Healthy appeared first on Bitcoin News.

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Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K Bottom

Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K BottomWhile digital currency markets have increased significantly in value a number of crypto asset proponents are wondering how far the next bull run will take them. For instance, the last three bitcoin bull runs saw different price spikes and significant drops below 80% as well. If the next bitcoin bull run follows a similar pattern, […]

The post Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K Bottom appeared first on Bitcoin News.

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