Cryptocurrency Analysis and News Portal
Soaring long liquidations suggest that cryptocurrency prices’ sudden nosedive caught investors off-guard. BTC, the largest cryptocurrency by market capitalization, has plummeted more than 6% in the past 24 hours, and earlier in the day, reached its lowest level in seven weeks at around $20,050. Popular altcoins dogecoin (DOGE) and tron
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A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge
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Kwenta works in tandem with Synthetix, a popular DEX that offers crypto, equity, and forex futures to traders. On Kwenta, Synthetix stakers take the other side of every trade. Funding rates attract traders on each side, balancing the skew. DEXs rely on smart contracts instead of middlemen to process trades. Original
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Kwenta works in tandem with Synthetix, a popular DEX that offers crypto, equity, and forex futures to traders. On Kwenta, Synthetix stakers take the other side of every trade. Funding rates attract traders on each side, balancing the skew. DEXs rely on smart contracts instead of middlemen to process trades. Original
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“You can never scale the way we’re planning to scale if you’re just" automatic market maker-driven, co-founder Darius Tabatabai said. Original Source
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Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to
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Bitcoin (BTC) failed to react at the March 6 Wall Street open as consensus formed around a potential violation of $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$19,000 BTC price is "breakdown target"Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it clung to $22,400 at the time of
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The price of Ether (ETH) declined 9.8% between Feb. 19 and Feb. 25 after the price resistance at $1,725 proved stronger than expected. Still, the correction was insufficient to break the 6-week-long ascending channel and did not cause Ether derivatives metrics to turn bearish.Ether (ETH) price index in USD, 1-day.
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The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel's upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative
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Data from Paris-based crypto data provider Kaiko show bitcoin's 2% market depth for USDT pairs aggregated from 15 centralized exchanges has slipped to 6,800 BTC, the lowest since May 2022, surpassing the post-FTX low. That's significantly down from the October highs above 15,000 BTC. Ether's 2% market depth has more
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