Markets

Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility
Analysts expect greater price swings because of macroeconomic risks and ongoing stablecoin woes.

Bitcoin Holding Support Above $27K; Resistance at $35K-$40K
BTC is oversold and could see a short-term relief bounce.

First Mover Americas: BTC Drops to 2020 Levels of $25K; Tether Loses $1 Peg
The latest moves in crypto markets in context for May 12, 2022.

Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% Overnight
The past 24 hours were among of the biggest crypto market drops in recent months.

Market Wrap: Cryptos Extend Losses as LUNA Plunges
Bitcoin declined by as much as 6% over the past 24 hours, as LUNA dropped 96% and SOL fell 30%.

'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
Terra's UST briefly fell below $6.5 billion in market cap on Wednesday morning, allowing DAI to be the fourth-biggest stablecoin on the market for a time.


Bancor 3 Goes Live With Polygon, Yearn, Others as Partners
The new features aim to make DeFi staking easier for DAOs and their token holders.

Inflation Rose to 8.3% in April, With Monthly Core CPI Doubling From March
Bitcoin dropped sharply after the release.


