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“Concerns around a sharp tightening of monetary policy are weighing on financial markets and are trickling down into cryptocurrencies through their influence on large institutional investors,” Alex Kuptsikevich, an FxPro senior market analyst, said in an email to CryptoX. “It is not surprising that bitcoin and ether are dragging the
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During the seven days through Sunday, the bitcoin price inched up 1.5% – barely mentionable for the notoriously volatile cryptocurrency except for the fact that it was the first weekly gain in 10 weeks. From late March through late May, a steady market erosion took bitcoin from about $48,000 to
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Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history.After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday.The bullish momentum
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The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $1 Billion in Crypto The U.S. Federal Trade Commission published a “Data Spotlight” report on crypto scams Friday.
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Crypto has inherited many values that were popularized in the early days of the internet. Many participants in the crypto space have been anonymous since the beginning of Bitcoin (BTC), since using this digital money offers a certain degree of anonymity so long as nobody knows the public address of the
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Bitcoin was headed for a ninth-straight weekly loss, a record in the largest cryptocurrency's trading history dating back to the early 2010s. Terra delivered its new LUNA "revival" tokens, and the price promptly crashed. Source
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Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewStocks correlation offers no comfort to BTC bullsData from Cryptox Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a
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A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,” he said about
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Put/call ratios for bitcoin open interest hit a 12-month high of 0.72 Thursday, research firm Delphi said in a note Friday, adding that the data indicated “bearish sentiment among investors.” Similar ratio levels were reached last May. (A put option is, generally speaking, a bet on a price decline, while
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Bitcoin (BTC) starts a new week under $30,000 as the battle to save the market from fresh lows grinds on.After hitting its highest since the Terra LUNA crash last week, the largest cryptocurrency nonetheless continues to fail to reclaim $30,000 as support.What could be in store this week? The potential for major
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