As the crypto market continues to struggle, bitcoin (BTC) has broken into a new volatile range. On March 10, the cryptocurrency fell below $80,000 and touched the $76,800 range before climbing back up to $81,000 at the time of writing. According to the latest edition of the Bitfinex Alpha report, the cryptocurrency’s decline to $76,800 […]
The bullish narrative of this cycle has been put to a serious test lately as the cryptocurrency sector continues to sink. Its total market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows. Several hours ago, the primary cryptocurrency collapsed below $77,000 for the […]
Bitcoin, the number one cryptocurrency by market capitalization, is facing market turbulence, but prominent trader CrediBULL Crypto remains unfazed. He argues that BTC’s correlation with traditional stocks is overstated, and maintains that the asset’s long-term trajectory remains intact. Bitcoin’s Correlation With Stocks: Overblown Fears? The recent dip in the price of Bitcoin, where it dropped […]
Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according to a filing with the US Securities and Exchange Commission (SEC). The shares, which carry a $0.001 par value, are convertible into Strategy’s class […]
Binance released an official report detailing actions taken against a market maker involved in irregular trading activities for GoPlus Security (GPS) and MyShell (SHELL). Following an internal investigation, the crypto exchange identified misconduct by the market maker, who serviced both projects. Binance Cracks Down In response, Binance has offboarded the market maker and permanently barred […]
Bitcoin has broken below the key 200-day moving average of $83K, exhibiting a notable bearish sign. However, the price encounters buyers’ last defence line at $80K, with a potential breakout leading to a substantial decline toward $75K. Technical Analysis By Shayan The Daily Chart Bitcoin was rejected at the $92K resistance, triggering a strong sell-off […]
Over the weekend, Bitcoin’s (BTC) price stabilized at around $86,000, showing little-to-no volatility. However, the bears retook control in the past several hours, suppressing the asset’s valuation to as low as $80,000. The latest downtrend negatively affected more than 220,000 over-leveraged traders. According to CoinGlass’ data, the total liquidations in the last 24 hours equal […]
While the broader crypto market is experiencing bearish trends, several cryptocurrencies are experiencing reduced attention. Meme coins are among such assets. On-chain data from the blockchain analytics platform Dune reveals that meme tokens created using the Solana-based meme coins generator Pump.fun have declined to lows from September 2024. As of this writing, the total tokens […]
Binance is seeing a rising dominance of USDC as regulatory changes reshape the stablecoin market. A year ago, USDC accounted for just 0.48% of Binance’s stablecoin distribution, dwarfed by USDT’s 68.67% share and FDUSD’s 30.84%. However, over the past 12 months, USDC’s presence has surged to 8.26%. This marked a whopping 1,621% increase, according to […]
Australian authorities have charged Brendan Gunn, the brother of breakdancer Raygun, for his purported role in a crypto-related fraud scheme. The Australian Securities and Investments Commission (ASIC) announced that Gunn is facing one count of dealing with money suspected to be the proceeds of crime. The Alleged Illegal Operations According to a March 5 statement, […]