Author: Donald Munn
Bitcoin Analysis Bitcoin’s price closed its daily candle at its lowest level since December 16th, 2020 on Monday. When traders settled up to close Monday’s session BTC’s price was down nearly 16% and -$4,183. Monday’s daily session also saw the highest daily volume on BTC since May 19th, 2021. Today we’re leading off our analyses with the BTC/USD 1D chart below from CryptoPatel. BTC’s price has clearly broken down from support at the $29k level and the measured move on BTC from the last breakdown was 29%. A move that resembles the prior breakdown could send BTC’s price back down…
After announcing a few weeks ago its intention to offer its wealthiest clients derivative instruments also in cryptocurrencies, Goldman Sachs would now be ready to launch the first of these products, with Ethereum as the underlying. The product should be the first in a series of investment derivatives. Specifically, it is Ethereum non-deliverable forward, a derivative that pays based on the price of the token on the main blockchain and offers institutional investors indirect exposure to the cryptocurrency. London-based financial services company Marex Financial was Goldman’s counterparty. It is quite remarkable that an investment bank decides to bet on cryptocurrencies,…
Here are the findings from a new survey that examined which cryptocurrencies Americans want to sell the most. Most US investors plan to sell Shiba Inu In first place was Shiba Inu, with 19 states, in second place Bitcoin with 17 and in third place Dogecoin with 8. Ethereum (4) and Cardano (3) followed. The research was conducted by Los Muertos, and analyzed data from Google Trends to determine which cryptocurrencies had the highest searches per state for the possibility of being sold. Among the major US states where Shiba Inu emerged as the cryptocurrency with the most interest in…
The world’s largest Bitcoin holder, the Microstrategy fund, is reportedly suffering losses of $1 billion. Bitcoin’s collapse costs MicroStrategy $1 billion The latest heavy crashes of the crypto market and Bitcoin, which slipped to $22,000 in the last few hours, have certainly taken a heavy toll on the world’s biggest Bitcoin investors, one of which is the MicroStrategy fund. According to the latest rumours, the net loss on the BTC investment by the Californian fund led by Michael Saylor would have exceeded $1 billion. JUST IN: Michael Saylor’s MicroStrategy #Bitcoin investment is currently at a $1,000,000,000 unrealized loss. — Watcher.Guru (@WatcherGuru)…
Yesterday a real storm hit the crypto market, so much so that the entire capitalization fell below one trillion dollars. The crypto market suffers a second bearish wave To tell the truth, this powerful storm has hit all financial markets globally, and not just the crypto markets, but it has done the most damage to cryptocurrency prices. In particular, the crypto market cap has fallen below $1 trillion, a level not seen since January 2021, before the latest big altcoin bull run began. The current level is not that far off from the previous cycle’s high, which was touched on…
Novatti Group is about to launch AUDC, the stablecoin pegged to the Australian dollar AUD. Specifically, the project was developed in collaboration with Ripple and leverages Stellar’s blockchain. Novatti, Ripple and Stellar to launch new Australian stablecoin AUDC Earlier this month, international payments company Novatti Group, formerly a partner of Ripple, announced the development and launch of a new Australian dollar-pegged stablecoin that will leverage Stellar’s blockchain. This week, leading fintech @NovattiPayments announced that it will launch an Australian dollar backed stablecoin on Stellar https://t.co/uO7KTR3Jyb — Stellar (@StellarOrg) May 6, 2022 “This week, leading fintech @NovattiPayments announced that it will…
If you have heard about Cryptology before then it is probably due to its popularity as an online crypto exchange. With low fees, trading bots, and 24/7 support, Cryptology is indeed an excellent digital marketplace for trading cryptocurrencies. Just in case you have not used the platform yet, we recommend that you download the app on your smartphone, or just open an account on their website. The Cryptology affiliate program is a potential gold mine Once you are fully acquainted with their trading interface and the platform in general, apply for an affiliate partnership at Cryptology. It is a straightforward…
Roche Freedman and Dontzin Nagy have filed a class action lawsuit against Binance US in federal court in San Francisco. They will launch similar actions against Coinbase, Kraken and Gemini in the coming weeks. Binance US accused of calling UST a safe asset Binance staking: the old staking solution on UST The problem found by Roche Freedman is the definition of UST as a “safe” asset. UST was supposed to maintain a fixed value of $1, but in reality its value has imploded. The case specifically targets Binance US because it promoted UST as an investment. The plaintiffs accuse the…
During Monday’s session, the stock market continued to lose ground in the wake of a period that was not exactly one of the best. Stocks that are correlated in some way with crypto suffered the most. Crypto market suffers another tumble The whole market has entered a strong bear phase After a very turbulent day, the New York exchange continues to turn red. The global situation continues to weigh on the markets and as a result, fears of war, the energy crisis and inflation have managed to plunge the stock markets again, particularly the American one. The latest inflation figure…
Today someone opened a 17,919 WBTC position on Maker to borrow 278 million DAI. Celsius Network has 17,919 $WBTC leveraged in Maker protocol. This position faces liquidation at $22,584/$BTC. $278 mil $DAI debt, making it the largest individual debt position on the protocol. pic.twitter.com/MNF0B3zbQv — Dirty Bubble Media: (@MikeBurgersburg) June 13, 2022 278 million DAI borrowed on Maker: 17,919 WBTC as collateral The address that opened this position is suspected to be that of Celsius. Maker issues the stablecoin DAI using overcollateralized loans. In fact, to borrow 278 million DAI, equivalent to $278 million, it was necessary to lock up…