Cryptocurrency Analysis and News Portal
The combined market capitalization of the two largest stablecoins, tether (USDT) and USD coin (USDC), has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed, Morgan Stanley (MS) said in a research report Tuesday. Source
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Following the federal judge’s decision to give the accused Bitfinex money launderer Heather Morgan permission to “engage in legitimate employment,” Morgan has broken her silence on social media. Morgan’s Twitter account dubbed “Heather ‘Razzlekhan’ Morgan” is verified on Twitter and her latest tweet insists that she does not endorse any
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Last week was the first time since April that the market cap of the coins, cryptocurrencies whose value is tied to real-world assets such as gold or national currencies, didn’t drop on a monthly basis, according to the report. While it is still 20% below its peak, this may be
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While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022.
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The indicator, calculated by dividing the cryptocurrency price in U.S. dollars by the ratio of the blockchain transaction volume to active wallet addresses (90-day average), will allow investors to estimate ether price trends, particularly when undergoing extreme market lows. Original Source
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The recent crypto winter has affected miners negatively to the extent that many sold off their Bitcoin and other crypto holdings. In addition, many of these miners could not even pay their loans since their rigs’ values plummeted. As the price falls, there have been a lot of losses for them,
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La demanda de GPUs debería ralentizarse, pero Nvidia (NVDA) está menos expuesta a la demanda de minería de cripto que en 2017-19, según la nota. Además, la demanda de minería de ese sector, que contribuyó a la escasez de tarjetas gráficas, comenzó a disminuir en la primera mitad del año,
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According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option, it would effectively wipe out all of BlockFi’s existing equity shareholders, including management and employees with
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Summary: Bitcoin miners needing to sell could weigh down on the price of BTC for some time. According to analysts from JP Morgan, miners offloading Bitcoin to cover costs could continue into the third quarter of 2022 if the value of BTC does not improve. However, selling pressure could reduce, given Bitcoin production
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The crypto-equivalent of quantitative tightening has continued, the bank said, fueling BTC’s slide to below $28,000, an important technical level. Any investors who bought BTC in the last year are now at a loss, and there are no obvious technical levels to watch until about $19,500, the 2017 high, it
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