A bullish investor waking up this morning to check their portfolio probably encountered scenes of extreme [financial] violence as jagged red lines dominated the charts and even Bitcoin crashed below $40,000. However, the main question now is how the alts are faring. While some have praised their resilience, others might just see their once favoriteContinue reading “Don’t SOL yourself short with inflows of around $3.7M”

It would seem that Black Friday has come more than six months early. Yes, there were absolute scenes at crypto-exchanges after Bitcoin dipped below $40k before recovering to cling to a price of $40,059.17, at press time. This was after plummeting by 5.25% in a day, and losing 14.30% of its value in a week.Continue reading “Bitcoin: ‘Buy the dip’ or panic sell? How market reacted to BTC below $40K”

Crypto traders today may be looking at their bloodstained portfolios with tear-filled eyes, but the mood over in the XRP community couldn’t be any more different. In fact, plenty of XRP-holders are partying already, thanks to the latest update in the SEC vs Ripple case. What happened? Well, the court just answered a question thatContinue reading “XRP takes Hinman hike as court says speech is not ‘agency guidance’”

For investors looking for a refuge as their portfolios started to bleed, Terra [LUNA] looked like a safe bet. However, at press time, LUNA too seemed to be celebrating a Game of Thrones-style red wedding as it recorded both significant daily and weekly losses in price. As LUNA and the other top nine cryptos struggleContinue reading “Terra: Despite UST’s $2B reserves, why is LUNA having a bad day”

As the market saw red again, the king coin and the top alt both took a dive in order to revisit levels that some investors had assumed would never be seen again. At press time, Bitcoin had fallen below $42k. Meanwhile, Ether [ETH] was changing hands at $3,048.36 after dropping by 6.27% in the pastContinue reading “Ethereum [ETH] sees double-digit weekly losses but it seems that whales are…”

With Bitcoin struggling to keep its grip on the $42k-bar, you might guess that the bulls are feeling listless while the bears have a field day. At press time, the king coin was changing hands at $42,275 after falling by 1.02% in 24 hours and losing 8.51% of its value over the week. So, areContinue reading “What Bitcoin flows tell you about whether it’s time to buy or sell”

Crypto investors exploring the market might feel that their once lush, green campsite has been taken over by bloodthirsty bears. With Bitcoin back under $45,000, here’s what you need to know about other traders panic selling. Go $45k or go home Data from Glassnode showed that on 8 April, more than $1 billion worth ofContinue reading “With Bitcoin under $45k & $1B worth of BTC entering exchanges, is panic selling underway”

It seems the crypto industry has learned its lesson about backing stablecoins with fiat – or with rumors of fiat. At least, Terra has understood the assignment and is far from going down the same route, as its non-profit organization buys Bitcoin in order to back the TerraUSD [UST] stablecoin. But now, the Luna FoundationContinue reading “Terra chooses AVAX over ETH, BNB, and SOL to back UST”

Though crypto is said to be decentralized, Grayscale’s recognition of crypto assets certainly help define the trajectories of coin or token prices. However, more than just new product additions, asset removals are also key in understanding what institutional investors want – or don’t want. No gray area here In a press release, Grayscale Investments sharedContinue reading “Grayscale slams the gavel; AVAX & DOT join the family, SNX & SUSHI cast out”

Russia, Ukraine, war, and crypto – these words have collided with a force that few expected to see in the midst of the COVID-19 pandemic. Yet, a new shock development in Russia has thrown previous theories right out the window. Russia in no rush for legalization According to a report published by RT, a newsContinue reading “Russia backpedals on crypto legalization amid Hydra darknet shutting down”

Just days ago, bulls were celebrating the fact that Bitcoin had climbed over the $45k resistance and seemed ready to take on $48k. However, the tables turned rapidly and Bitcoin crashed through not just the $45k level, but the $44k level as well. The crypto community is panicking, but there’s more to take notice ofContinue reading “Bitcoin crashes through $45k but investors aren’t done buying the dip”

You have to admit, stablecoins aren’t the most exciting part of the crypto industry, especially when there are NFTs and TVLs to gawk at. However, stablecoins are important indicators for Bitcoin or alt-related activity, and no trader can afford to ignore them. So what are the stablecoins doing? In the mood for red Santiment dataContinue reading “Decoding what ‘increase in stablecoin’s whale transactions’ means for BTC & alts”