Cryptocurrency Analysis and News Portal
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 27, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane
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"Fundamentally, it's due to U.S. Treasury yields being up and DeFi yields, which are higher risk, giving lower rewards," Doo, co-founder of StableLab and Asia Lead at MakerDAO, told CryptoX. "When yields were increased to 8%, we saw DSR [Dai Savings Rate] deposits increase by four times." Source
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.In the past 12 months, Circle's USD Coin (USDC) has
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“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CryptoX. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this
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On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets
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The reason it takes so long for validators to exit the chain is because that’s part of the project’s design. Staking is an important part of maintaining the security of the Ethereum blockchain, and if too many validators left the chain at once, the security of ensuring that transactions and
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Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action.The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and is keeping bulls’ hopes alive in the process.Can the good times continue? The
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The Bitcoin price is currently so stable that some experts are already jokingly comparing it to a stablecoin. However, from a historical
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Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI cuts risk assets much-needed slackData from Cryptox Markets Pro and TradingView confirmed hourly gains of around $1,000 after U.S. Consumer Price Index (CPI)
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