Max pain scenario intensifies as Bitcoin drops to $31K, altcoins sell-off
Bitcoin price and altcoins take a series of heavy hits as the weekend sell-off deepens. Go to Source Powered by WPeMatico
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Bitcoin price drops below $34,000, pulling altcoins to multi-month lows
Another round of FUD helped to push Bitcoin price back below $34,000, placing further pressure on altcoins which now trade below multi-month lows. Go to Source Powered by WPeMatico
BitMEX pledges to go carbon neutral
BitMEX is responding to increased scrutiny of crypto’s high energy consumption levels by pledging to go carbon neutral. Go to Source Powered by WPeMatico
Bitcoin correction heralded as a ‘BTD’ opportunity, but what about DeFi?
DeFi protocols were buzzcut as their token values plummeted and the total value locked on all platforms fell to levels not seen since April. Go to Source Powered by WPeMatico
Bears positioned to take the lead as $930M in Bitcoin options expire Friday
Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in tomorrow’s $930 million expiry. Go to Source Powered by WPeMatico
Exchange inflows, on-chain data show retail traders fueled Bitcoin’s selloff
Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. Go to Source Powered by WPeMatico
US Treasury proposes crypto transactions over $10K be reported to IRS
Saying crypto posed “a significant detection problem by facilitating illegal activity,” the government body specifically mentioned crypto businesses were in its crosshairs. Go to Source Powered by WPeMatico
Futures markets rocked as perpetual contracts traded 30%+ below index price
Price dislocations between futures and spot markets led altcoins like ETH, LTC and SUSHI to trade up to 43% below their index price in spot markets. Go to Source Powered by WPeMatico
Bitcoin whales feast as BTC price and the wider market melt down
Panic selling crushes the entire crypto market, sending Bitcoin price to $30,000 for the first time since February, but data shows BTC whales bought the dip. Go to Source Powered by WPeMatico
3 good reasons why $30,000 is probably the bottom for Bitcoin
Regulatory concerns, a bit of FUD and the uncertainties surrounding Tether appear to have exaggerated the Bitcoin price sell-off but derivatives data suggest that the bottom is likely in. Go to Source Powered by WPeMatico