Market Wrap: Crypto Bounce Loses Steam Amid Retail Sell-Off
The price of bitcoin and other major cryptocurrencies fell amid testimony by U.S. central bank Chair Jerome Powell, who said a recession might not be avoidable. Original Source
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Loses
Crypto Fear and Greed Index Drops to Second Lowest Level of 6 Since 2018 as Bitcoin loses Crucial $20k Support
Summary: The crypto fear and greed index is currently at a 6, the second-lowest since August 2018, when it fell to a value of 5. Bitcoin has lost the crucial $20k support level and hit a local low of $18,742, with the weekend possibly opening the doors to more losses. A drop below
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Litecoin Market Cap Reduces in Bearish Trends as It Loses Over $2 Billion in May
Litecoin was affected by the bearish movements that were recently experienced in the cryptocurrency market as its market cap crashed. Litecoin’s market cap was down by over 30% compared to what it was in the first week of May, wherein the digital asset was performing well. Litecoin’s market valuation was
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Optimism Loses 20M Tokens Due to Exploitation of L1 and L2 Confusion
The honeymoon period of the newly launched Optimism layer-2 scaling solution has been cut short after the market maker’s smart contract address was exploited. This exploitation has led to the loss of 20 million OP tokens. Although the exploit happened on May 26, it was only reported to the community recently. One
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Terraform Labs Loses US Appeal Over SEC Subpoena
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LUNA 2.0 Token Loses 56% Since Last Week, Whistleblower Accuses Terraform Labs of Owning Shadow Wallets – Bitcoin News
After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In
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Ethereum Loses $1800 Handle – Will Bear Market Pull ETH Down Deeper?
During the previous week, the price of Ethereum has stabilized between $2,000 and $1,700. Because of this, the ETH price remained largely unchanged compared to the last seven days and lost 2.5% of its value. While Bitcoin has fallen below the $29K range, Ether has lost its hold on the $1800
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Bitcoin Slips as Relief Bounce Loses Steam, Support at $27K
Bitcoin (BTC) buyers took some profits below the $33K resistance level. Long-term momentum remains negative, capping upside moves in price. For now, lower support is at $25K-$27K. Source
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Stablegains lawsuit, Hashed loses billions, Finder wrong and more….
Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation app Stablegains facing potential legal action over its losses from the event.Users believe Stablegain has allegedly lost up to $44 million worth of deposited funds based on a post on a Terra forum
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Candidate supported by Bankman-Fried-linked PAC loses Oregon primary
Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously
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