Bitcoin recovered its $20k resistance level yesterday but couldn’t maintain it as the broader market embarked on a bearish run. Bitcoin, the world’s leading cryptocurrency, has been underperforming over the last few hours. It has lost more than 7% of its value in the last 24 hours despite starting the
Key Takeaways The White House’s new crypto framework and other developments out of Washington DC show that regulation is coming to the digital assets space. The Treasury Department recently sanctioned Tornado Cash and could extend its blacklisting to other privacy-focused projects. The likes of XMR, DAI, and XMR could suffer
After touching the psychological price of $20K recently, selling pressure has emerged in the Bitcoin (BTC) market, causing the price to drop below $18,800. Furthermore, trading volume hit a three-month high. Market insight provider Santiment explained: “Trading volume has heated up for crypto markets, and especially Bitcoin. During the big
Bitcoin has jumped above the $20 price level amid a fading momentum The token remains correlated to equities, which equally saw some bullishness The dollar index, which usually moves inversely to BTC, may be due for a reversal Bitcoin BTC/USD is up 5% in the past day, the highest level
Shiba Inu is the most held cryptocurrency by Ethereum whales after stablecoins. The cryptocurrency is undergoing a market correction. SHIB has to recapture $0.000012 resistance to consider a bullish case. Shiba Inu SHIB/USD remains the most held cryptocurrency among the top 1,000 Ethereum whales. That excludes the stablecoins USDC, USDT
Cosmos price moved sideways on Tuesday as investors focus on the latest update by the developers. ATOM was trading at $14.45, which was slightly below last weekend’s high of $16.91. It has risen by more than 156% from the lowest level this year, giving it a market cap of more
The big headline to start the week was the British pound falling to an all-time low, following announcements from new Prime Minister Lizz Truss that a series of tax cuts would be introduced. Investors feared this would undermine confidence in the pound, and the sell-off tanked the value down to
LUNC is up by more than 50% in the last 24 hours after Binance implemented a tax burn mechanism on Terra Classic trading fees. LUNC, the native coin of the Terra Classic ecosystem, is the best performer amongst the top 100 cryptocurrencies by market cap. It has added more than
Terra classic rose by over 40% on Monday, as markets reacted to the news that founder Do Kwon was wanted by Interpol. Cosmos also traded higher, rebounding from recent declines. Terra Classic (LUNC) Terra classic was one of Monday’s most notable movers, as the token rose by over 40% to
Key Takeaways Do Kwon has been added to Interpol’s red notice list, Korean prosecutors have said. Prosecutors want to speak to Kwon and five other associates for alleged violation of capital markets law, but the full details of their case remain unclear. Thanks to the attention Terra’s collapse drew, the
Key Takeaways Ethereum has successfully shipped the Merge after years of anticipation, but ETH is down. The number two crypto has lost 25% of its market value over the past week. Though the Merge brought several notable upgrades, it will likely take time for the market to digest the event.
The cryptocurrency has started another week with low volumes. Bitcoin is still stuck around the $19k, and most altcoins are yet to make any moves. The good news is that with such low volumes, a small spike in buying volumes could see most cryptos turn green in the short term.