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El Salvador is Down $52M on its Bitcoin Bet After Market Crash
14.6.2022
Led by President Nayib Bukele, the country made bitcoin legal tender and began buying the crypto in September 2021
Coinbase Reduces the Size of the Firm’s Workforce by 18%
14.6.2022
Amid the crypto market carnage, the digital currency exchange Coinbase revealed it has decided to lay off 18% of its workforce. The announcement follows the company’s original plans to slow the hiring process and the firm rescinding a number of employment offers. Coinbase ‘Grew...
Bitcoin, Ethereum & Crypto Test New Lows as Market Braces for Bigger Rate Hike on Wednesday
14.6.2022
The cryptoasset market crash continued on Tuesday, with bitcoin (BTC) falling to as low as USD 20,800 before trimming some of its losses. The significant selloff came as the market braces for the possibility of an unusual 75 basis point rate hike from the US Federal Reserve (Fed) this...
'Too early' to say Bitcoin price has reclaimed key bear market support — analysis
14.6.2022
BTC price action is back above the 200-week moving average, but the Fed may still sour the mood
First Mover Americas: Coinbase Layoffs and the 'Bear Market Guide' to Bitcoin
14.6.2022
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 13, 2022
Biggest Movers: THETA, HNT Rise Over 20%, Despite Crypto Crash
14.6.2022
THETA was trading higher on Tuesday, as prices rebounded, moving away from multi-year lows in the process. HNT also rallied, climbing by as much as 20% earlier in today’s session. Theta Network (THETA) THETA was one of the most notable movers during today’s session, as prices gained...
SEC chair warns about 'too good to be true' returns amid market downturn
14.6.2022
Gary Gensler added that he continued to be “intrigued with the technology,” but did not directly address if the SEC would approve a Bitcoin exchange-traded fund
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
14.6.2022
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows...
Crypto exchange Coinbase slashes staff by 18% amid bear market
14.6.2022
After initially slowing down hiring, Coinbase announced plans to reduce its headcount by 18%, with the CEO citing a starting economic recession
Bitcoin, Ethereum Technical Analysis: BTC Falls to $20,000 Range, as Sell-Off Extends
14.6.2022
Bitcoin declined for an eighth consecutive session on Tuesday, as the crash in crypto markets continued. BTC fell to the $20,000 range for the first time since December 2020, whilst ETH hit $1,000, also recording a multi-year low. Bitcoin BTC was trading lower for an eighth consecutive day, with...
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze
14.6.2022
The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing...
Ethereum, Altcoins Outperform Bitcoin, while SOL, ADA, and DOT Rally
14.6.2022
After testing the USD 21,000 support zone, bitcoin moved higher and touched USD 23,000 before correcting lower again. It is currently (11:44 UTC) consolidating losses near USD 22,000 and is down almost 8% in a day and 29% in a week.
Similarly, most major altcoins are consolidating losses....
NFT trading volume surges amid market and floor price crash
14.6.2022
Eight of the top 10 NFT projects have posted at least a 115% increase in 24-hour trading volume as the floor prices of many top NFT collections tumble
Bitcoin Dives to USD 21K, Ethereum Tests USD 1.1K, FTM, THETA, and GALA Rally
14.6.2022
Bitcoin price remained in a strong downtrend and traded below the USD 25,000 support zone. BTC tested the USD 21,000 level before recovering to almost USD 22,000 again. It is currently (03:51 UTC) trading near USD 21,900, with a major support near USD 20,500. BTC is down 14% in a day and 30%...
Illicit crypto usage as a percent of total usage has fallen: Report
14.6.2022
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed
14.6.2022
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in...
Almost $100M exits US crypto funds in anticipation of hawkish monetary policy
14.6.2022
“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote
Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’
14.6.2022
Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin...
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
14.6.2022
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower
Crypto users take to Twitter to lament the ongoing market downturn
13.6.2022
What goes up must come down. And then go up again. Then come down again. And on and on and on