The single-day high for May was in the region of $40.53 million and this was 32% lower than the best day high of $60.16 million in January 2022. May 2021 saw approximately $2.4 billion in revenue generated, while 2022’s figure dipped by 57%. Ethereum mining revenue decreased from April 2022 because of trading in the […]
“Bitcoin has traded as a risk asset since July 2021. …Read the full story
Bitcoin is down by a significant 8.54 per cent after breaking support levels and is trading at $31,008, less than half from its all-time high which was close to $69,000. …Read the full story
While equities are attempting to pare some of the big losses they saw on Monday, the cryptosphere is still in the gutter, with Bitcoin , the third largest stablecoin by market cap, lost its peg to the U.S. The skeptics: While crashes have hit Bitcoin getting even more devalued than real-world currencies in a time […]
The world’s largest digital token fell as much as 3.9 percent to $29,764 in Asia before paring the slide. The crypto market is also monitoring TerraUSD, an algorithmic stablecoin that aims to maintain a one-to-one peg to the dollar. The peg appeared to fray, with the token’s value falling below 70 US cents Tuesday, according […]
NEW YORK — Stocks deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest close in more than a year. Most of this year’s damage has been the result of the Federal Reserve’s aggressive flip away from doing everything it can to prop up financial markets and the economy. In the meantime, higher […]
Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. The Salvadoran president, Nayib Bukele, announced Monday on Twitter that his country has purchased 500 more bitcoins. After an initial purchase of 700 bitcoins, the country bought 420 BTC in October, 100 BTC in November, 171 BTC […]
Despite recent declines in price, at just below $36,000 per coin, it’s still the largest cryptocurrency by market capitalization, at $683.6 billion as of May 6. Originally intended as an alternative payment system for goods and services — that is, until high transaction fees made it too costly to do so — it has morphed […]
More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide. …Read the full story
The global crypto market’s value today tanked over 10% in the past 24 hours to $1.49 trillion, according to pricing from CoinGecko. Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. On the other hand, […]
Why It Matters: Selling pressure was high on Monday, especially with tech stocks, as investors shed stocks, bonds and commodities. …Read the full story
Terra’s UST, the third-largest stablecoin by market cap, dropped to $0.69 in Monday trading, an all-time low according to CoinMarketCap data, even after the Terra-supporting Luna Foundation Guard rushed a $1.5 billion loan to shore up the currency. Unlike USDC and Tether, which are ostensibly backed by cash and assets in the bank, the UST […]
