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“The extent of the damage caused from the depegging of recent stablecoins, and collapse of LUNA is unknown and will likely continue to play out in the weeks to come, but we expect that recent events in the crypto market to be catalysts for regulation, particularly around stablecoins, which we
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The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market conditions. Avalanche-based liquidity protocol Blizz Finance reported that as the price of LUNA was stuck at $0.10, attackers were able to deposit
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Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection. Source
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The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership. Seemingly in response to a now-deleted tweet from Twitter user David Belle that claimed the platform had been “completely wiped out,” Celsius CEO Alex Mashinsky posted a message to his more than 172,000 Twitter
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Bitcoin (BTC) fell further on the May 6 Wall Street open amid a warning that the U.S. equities sell-off was "not over."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNovogratz: "We are not going to get a soft landing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,268 on Bitstamp, bringing three-day
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Crypto markets saw the highest amount of liquidations so far this month. Source
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Bitcoin (BTC) fell into the May holiday weekend after late trading saw crypto losses echo "basically everything."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMacro keeps BTC firmly in its placeData from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $38,180 on Bitstamp to circle $38,600 on April 30. The pair had performed
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Ethereum started a sharp decline from $3,000 against the US Dollar. ETH is struggling below $2,900 and might slide below the $2,800 level in the near term. Ethereum started a major decline after there was a clear move below $3,000. The price is now trading above $2,900 and the 100 hourly simple
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Bitcoin (BTC) closed above a crucial level into April 20 as the daily chart offered a long-awaited “buy” signal.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Bitcoin is a buy at $41,500Data from Cointelegraph Markets Pro and TradingView confirmed a daily close at $41,500 on Bitstamp for Tuesday.A strong performance, the
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