CoinShares' Losses From Terra's Slide Hit $21.4M
Liquidating the digital asset firm's position was a "humbling lesson," the CEO said. Source
Read More
Losses
Bitcoin Shows Signs of Bottoming Out After 9 Weeks of Losses
Price-charts suggest bitcoin saw strong support at the $29,000 mark, a level that has been tested several times in the past weeks. Closing below this level could mean that the cryptocurrency could drop to its 2017 high of nearly $20,000, charts show. Resistance at $30,500 continues to exist, however, and
Read More
Tips to claim tax losses with the US Internal Revenue Service
Crypto volatility is nerve-wracking, and it may not be over yet. The turmoil may make crypto investors and crypto-related businesses less enthusiastic than when prices seemed ever to be climbing. With the market falling off a cliff, there will be big losses to claim on your taxes, right? Not necessarily.
Read More
DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses – Market Updates Bitcoin News
DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%. Dogecoin (DOGE) DOGE was one of the most notable movers in crypto markets on
Read More
Bitcoin Pares Earlier Losses; Resistance at $33K
Bitcoin (BTC) is stuck in a choppy trading range, anchored at the $30K price level. Upside appears limited as most indicators are neutral short-term and bearish long-term. Original Source
Read More
Bitcoin Records Eighth Week of Losses, but Sentiment Indicator Suggests Upside
Prices were at $30,272 late Sunday, after falling as low as $28,700 earlier in the week. Bitcoin last saw a positive week of gains in mid-March as prices jumped from $41,000 to $46,000. It has slid every week since then, falling nearly 60% from November highs of just over $69,000. Original
Read More
Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses
Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWaiting for Bitcoin to "make a decision"Data from Cryptox Markets Pro and TradingView followed BTC/USD as it held a narrow range after the Wall
Read More
Brazilian Crypto Exchange of Nox Bitcoin Set to Refund All UST Holders’ Losses with USDT
Summary: The Brazilian Crypto Exchange of Nox Bitcoin has announced that it will refund all UST Holders’ losses with USDT. Nox Bitcoin has set aside BRL 620,000 or approximately $127k for the refunds. Additionally, during the UST depegging, OKX was the only crypto-exchange to notify its users of the potential risks of the
Read More
Cryptos Pare Earlier Losses; Bitcoin Outperforms
Some alternative cryptos (altcoins) rallied on Tuesday, albeit within a six-month downtrend. For example, Solana's SOL token rose by as much as 2% over the past 24 hours, compared with a 3% rise in BTC over the same period. Still, SOL is down by 50% over the past month, compared
Read More
Bitcoin Sees Seven Straight Weeks of Losses For the First Time
Bitcoin neared the $47,000 level in mid-March in a run that lasted a couple of weeks after a fall to $37,000 from November’s lifetime highs of nearly $69,000. The asset has since slid every week and could fall to as low as $20,000 if current market conditions continue. Original Source
Read More