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Altcoin Crash May Be on the Cards

Bitcoin (BTC) reversed Monday’s decline to three-month lows under $25,000 during Asian trading hours, jumping back to around $26,000 as open interest on Binance, Bybit, OKX and Deribit fell to $4.8 billion from $5.05 billion. The decline in open interest suggests short traders were abandoning their bearish bets in what’s

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Justin Sun considers ‘an offer’ for FTX’s crypto assets to prevent potential market crash

Tron founder and Huobi shareholder Justin Sun is considering buying FTX’s assets amid potential asset liquidation by the bankrupt crypto exchange. Tweeting on Monday, Sept. 11, Just Sun said that he is “contemplating an offer for FTX’s holding tokens and assets to reduce their selling impact on the crypto community.” Sun’s tweet

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Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research

Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs).CryptoQuant: Bitcoin UTXOs in Loss "mirror" March 2020Bitcoin may be

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