A sharp correction in equities markets led Bitcoin price and DeFi tokens to sell-off sharply but have investors turned bearish? Digital asset markets were on a parabolic surge until investor confidence took a major hit to close out the week with a bearish tilt due to a perfect storm of negativity. Before reading the rundown, […]
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Will Ethereum Classic’s community accept this new solution from Charles Hoskinson’s IOHK? Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community. This is meant as a short-term solution for preventing future 51% attacks. In the past several weeks, the network has suffered a number of such attacks, which has cast doubt […]
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Pro traders bullish sentiment softened after Bitcoin futures open interest fell in tandem with traditional markets which also recorded notable losses. Bitcoin (BTC) futures open interest just had its most extensive daily reduction in five months. Yesterday’s 11% drop move caused more liquidations than May 9 when BTC plunged 12.5% to $8,600. BTC futures open […]
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A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days. The Nasdaq, S&P500 and Dow all corrected sharply on Sep. 3 and opened today with additional downside, suggesting that traders are rushing to the exit. Bitcoin (BTC) and several […]
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Bitcoin briefly reenters four figures before a bounce takes the market up $400 in minutes amid highly volatile conditions. Bitcoin (BTC) fell below $10,000 on Sep. 4 as selling pressure combined with strength in the U.S. dollar to spark more pain for hodlers. Cryptocurrency market daily snapshot, Sep. 4. Source: Coin360 BTC price triggers bulls […]
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The SEC amending its definition of accredited investors could have significant implications for regulated crypto token sales. The United States Securities and Exchange Commission has made changes to its definition of who qualifies as an “accredited investor,” likely broadening the field of participants for future private equity offerings. According to the commission, this development is […]
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Whales are bidding $8,800 to purchase Bitcoin on major exchanges like Bitfinex following a sharp drop to sub-$10,000. The price of Bitcoin (BTC) abruptly declined by 10% in a single day on Sep. 4. Following the dip, the sentiment around the cryptocurrency market has become noticeably cautious with the Cryptocurrency Fear & Greed Index flashing […]
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Gold and Bitcoin as safe havens may be about to outperform stocks, a Bloomberg strategist says. Huge gains in stock markets despite the dire economic consequences of coronavirus may soon be a thing of the past, one analyst warns. In a tweet on Sep. 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that […]
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Ripple’s Japanese partner wants to lead financial innovation in the country. SBI Holdings, Japanese financial giant and a major blockchain-focused institution, is reportedly planning to set up a blockchain-based digital stock exchange. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial […]
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Weakness across macro indices draws frightening comparisons to the Wall St. Crash, exactly 91 years to the day that markets began to die. Bitcoin (BTC) may be testing $10,000 but further losses would not be unusual, says an asset manager on the 90th anniversary of the Wall St. Crash. In a tweet on Sep. 4, […]
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