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From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week.
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This week, Bitcoin had made history when it recorded its eighth consecutive red weekly close. This first-of-its-kind streak had cemented the digital asset on one of the worst bearish trends that have ever been recorded. Now, even as the week runs towards another close, the cryptocurrency has not been able
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Bitcoin continues to move sideways in the $30,000 area. The general sentiment in the market points to extreme fear levels and uncertainty as to the number one crypto by market cap trades without clear direction. Related Reading | TA: Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance At the time of
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Bitcoin (BTC) fell on the May 24 Wall Street open as weakness in stocks saw sell-side pressure return.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewEquities give crypto no respiteData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it revisited its lowest levels of the past seven days.At the time of writing,
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The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA
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This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosion, the topic is all the more critical, but LUNA-tattooed Galaxy Digital CEO Mike Novogratz still thinks
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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
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With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock, questions,
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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The price action represented one of the biggest drops for a major cryptocurrency. Data shows LUNA prices have dropped 90% in the past week and 7% in the past hour alone. The tokens are now down 92% since lifetime highs of $119 in April 2022, just more than a month
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