Market News

Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000

The effects of the prolonged liquidation that rocked Bitcoin after the digital asset plunged to $25,000 are still being felt. Bitcoin, which has since managed to recover above $30,000 again, remains a major liquidation target in the market. So far, a week after the crash saw its biggest liquidation event in six, long traders are …

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Avalanche Crumbles More Than 16% As Crypto Landslide Continues

The avalanche (AVAX), nicknamed the “Ethereum killer,” is down over 16% in the wake of a catastrophic cryptocurrency market scenario. Other crypto tokens that are also rivals to Ethereum have experienced double losses in the last 24 hours. AVAX, considered number 13y The largest cryptocurrency with a market capitalization of $7.6 billion, has fallen significantly …

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More Stress For El Salvador As Bitcoin Dips To $29,000

El Salvador has been on the radar of leading financial and economic institutions since it made Bitcoin legal tender. It has basically become a fascinating spectacle as cryptocurrency proponents and non-supporters alike are watching to see how this can happen. El Salvador, which kept its promise of bitcoin, made multiple BTC purchases near the peak …

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Ethereum Prepares For Ropsten Testnet Merge As Token Struggles To Hold $2k Support

The Ethereum 2.0 update is generating a lot of interest, and we’re closer than ever to its launch. Ethereum 2.0 goes to Testnet The long-awaited Ethereum merge test is progressing, albeit not at the rate many had hoped. Testing on Ropsten, the largest seed network in Ethereum, which has the closest similarity to the mainnet, …

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Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover

With the market turmoil, digital assets like Bitcoin and Ethereum are experiencing challenges in their prices in ways that have caused investors to shiver. The downtrend caused a massive selloff that pushed prices towards yearly lows. Despite the volume that has already sold out, it seems that the sellers are not finished yet. This is …

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Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation

More than 5,505 Ether exploits from Ronin Bridge appear to have been transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data shows that the address associated with the $625 million Ronin Bridge Attack has begun to transfer ether tokens worth over $10 million. This happened during the Asian morning hours. The data showed …

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Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000

Bitcoin has had a rough two weeks so far and the effects are still being felt across the board. This caused the price of Bitcoin to drop below $30,000 again. Besides this fall, some other harsh news about digital assets surfaced. One of these was the funding rates, where the massive dive showed increasing bearish …

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Crypto Market More Oversold Than Black Thursday

Panic hit the cryptocurrency market last week when bitcoin broke below the support level, separated the stablecoins from the dollar, and LUNA has dropped to zero. The bloody fallout for cryptocurrencies as a whole has left more oversold from the COVID Black Thursday crash. Here is a closer look at the historical oversold conditions in …

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