Cryptocurrency Analysis and News Portal
“The news flow has been rather bearish for crypto and you can’t forget about tomorrow’s inflation report that could be hot and spell trouble for risky assets,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note. Source
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A scandal has rocked investor faith in a popular stablecoin, and as users rush to exit, the clamor is threatening to throw the asset off its dollar peg.Even worse, however, some observers worry that one stablecoin losing its peg could have a “contagion” effect, diminishing the value of multiple stablecoin
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Bitcoin and ether are trending down as traditional markets closed in the red Wednesday. On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies were off as well. Notable assets down in the dumps on CryptoX’s
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