Although Terra’s collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading. [Read More...]
First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red
When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos tumbled despite gains in U.S. equity markets. [Read More...]
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain
The crypto exchange will add technical support to support developers building on KuCoin’s public blockchain; bitcoin outperforms ether. [Read More...]
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors’ stablecoin preferences; cryptos tick higher in Tuesday trading. [Read More...]
Bitcoin Rises to $30K; Resistance at $35K
Bitcoin (BTC) is stabilizing around the $30K price level. The cryptocurrency is on track to register a positive momentum signal on the daily chart, similar to what occurred in late-March. Still, nearby resistance could cap an upswing in price. [Read More...]
Brazilian Stock Exchange To Begin Trading Bitcoin Futures This Year
B3, the Brazilian stock exchange, will begin trading bitcoin futures contracts within the next three to six months and hopes to offer crypto-based services.B3, the Brazilian stock exchange, will begin trading BTC futures in three to six months.This past January, the CFO of B3 announced plans to trade futures based on bitcoin and other cryptocurrencies.The CFO also mentioned becoming a service provider of custodial solutions, as well as a settlement provider for the growing ecosystem during January.The Brazilian stock exchange known as B3 (Brasil, Bolsa, Balcão) will begin trading futures contracts for bitcoin within the next three to six months, according to a report from Valor. “We plan to launch bitcoin futures in the next three to six months,” CFO André … [Read More...]
US & Global Stocks, Bonds, USD, Metals & Commodities
FEEDA general update of a macro in transition Detailed work, which got us to this point intact, if a little frustrated*, is done in NFTRH reports and updates. But it’s always handy to have a general summary view of macro markets. So let’s get to it. * Reference this post done while sitting with aRead More 0 Comments [Read More...]
The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto
When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving. [Read More...]
Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST Unravel
The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST. [Read More...]
Major Increase In Bitcoin Trading Volume
A significant amount of bitcoin changed hands on the United States’ most dominant spot exchange, Coinbase, as investors look to buy the dip.The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Thursday, May 12, 2022, was one of the most exciting and active days in the bitcoin/crypto market in months, with no shortage of volatility and fear from market participants. On the bitcoin side of things, the price plummeted to a low of $25,300 on large volume, before quickly rebounding and closing the daily candle at $28,900. With the fall came a strong response from opportunistic … [Read More...]
Bitcoin Oversold; Resistance At $33K-$35K
Bitcoin (BTC) is on track for its first consecutive seven-week decline – a sign of negative price momentum. The relief bounce could stall with resistance nearby. [Read More...]
LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt
Transactions conducted during the blockchain halt are not considered to be final as they can’t be settled. [Read More...]
Bitcoin Holding Support Above $27K; Resistance at $35K-$40K
Bitcoin (BTC) could see a short-term relief bounce as countertrend exhaustion signals appeared on the daily chart. Still, negative long-term momentum means upside is limited from here. [Read More...]
Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight
The past 24 hours were among the biggest crypto market drops in recent months. [Read More...]
Bitcoin Struggles Near $27K-$30K Support Zone
Bitcoin (BTC) is deeply oversold on the daily chart, but upside appears limited as long-term momentum deteriorates. Initial support is between $27K-$30K. [Read More...]
Coinbase Has No Risk of Bankruptcy, New 10-Q Disclosure Langauge Is SEC Requirement, CEO Armstrong Says
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings. [Read More...]
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
As inflation peaks, bitcoin traders should be wary of reading too much into data. [Read More...]
Crypto Market Crash Leads to $1B in Liquidations, Majors Lose Pivotal Support
Some 73% of all futures traders were long, or betting on a price rise. [Read More...]
Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg
The move comes after UST briefly lost its peg to the U.S dollar over the weekend. [Read More...]
Bitcoin Slides to 3-Month Low Around $34K
Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency. [Read More...]