First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears
Major altcoins fared worse in Wednesday trading, reversing most gains from the U.S. holiday weekend rally. Source
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Fears
Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange
Ethereum's native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange.58.7K Ether transferred to FTX in MayOn May 30, the Ether
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Coinbase junk bonds tank amid market rout and creditors’ fears
The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy. According to bond trading data from Trace Bonds, both of Coinbase’s junk bond offerings have dropped roughly 17% and 5.2% since its Q1 report
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Coinbase CEO says funds are safe amid bankruptcy protection fears
Following the Coinbase report where the company declared its losses, a disclosure that suggests that users are not protected in the case of bankruptcy has been gaining traction on social media. However, Coinbase CEO Brian Armstrong explained that funds are safe “as they’ve always been.” In the company’s first-quarter report for
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US crypto adoption remains high despite global inflation fears
A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States; a reactionary rise in crypto interest throughout Ukraine and Russia
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US Economy Shrinks Unexpectedly, Amplifying Recession Fears
“Today’s numbers suggest that we are likely closer to a recession than previously thought,” said Joe Haggenmiller, head of markets at XBTO, a crypto finance firm. “It therefore stands to reason that if negative growth persists, the equity markets may suffer and bitcoin may as well because of its positive
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Shiba, Dogecoin Among Biggest Losers as Macro Fears Leads to Market Fall
Bitcoin traded below pivotal support of $40,000 in European hours on Monday, reaching its lowest prices in nearly a month. Source
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India’s Crypto Industry Fears Proposed Tax Rules Will Increase ‘Brain Drain’
“For short-term investors who are into day trading, margin trading, arbitrage trading, the 1% TDS becomes infeasible. The majority of the population is still waiting on the fence, once we see the bill then we should see exponential growth. India is very rich in talent. Most tech-savvy people are here.
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Heightened Fears in Ukraine Leads to Risk-Off Sentiment – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Last week there was a risk-on sentiment after the FOMC meeting where the Federal Reserve raised rates by
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Bitcoin Downtrend Intact, Recession Fears May Weigh
"We're still in a downtrend market. Bear market rallies tend to be extreme. Until we break out of the down trendline, it's hard to say the bull market is around the corner," Kevin Kang, founding principal of BKCoin Capital LP, told CryptoX in an email, citing potential yield curve inversion,
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