Crypto NEWS

Bitcoin and Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US ...

Virtually all top tokens tracked by Bloomberg were down Sunday, with the likes of Dogecoin and Avalanche falling as much as 9.4% and 13% respectively. Bitcoin and Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US inflation hitting a fresh 40-year high. Ether declined as much as 6.4% to $1,424.40, its lowest level since March 2021, while Bitcoin dropped to as low as $26,876.51, its lowest since May 12.

Bitcoin, ethereum and other major cryptocurrencies have crashed this weekend, with more than $100 billion wiped from the combined crypto market...

The Fed this month started to the long process of shrinking its swollen $9 trillion balance sheet, known as quantitative tightening. The Fed could try to accelerate the interest rate increases, both in speed and severity, along with accelerate quantitative tightening. Next week, the Fed is expected to raise its interest rate to 1.25%-1.50%, after a similar move last month. "[Friday's] inflation report is the last big release before the Fed meeting next Wednesday," Alex Kuptsikevich, FxPro senior market analyst, wrote in an emailed note. Want to stay ahead of the market and understand the latest crypto news? "Inflation hasn’t subsided even though the Fed has been increasing interest rates and conducting quantitative tightening.

Total long crypto liquidations were above $100 mn for a third straight day on Sunday, after $258 mn on Friday and $290 mn on Saturday, according to data ...

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Virtually all top tokens tracked by Bloomberg were down Sunday, with the likes of Dogecoin and Avalanche down more than 7% as of 11 a.m. Singapore time. Stocks sank while two-year Treasury yields climbed to the highest since 2008.

Bitcoin is now trading at $27,481 and has lost more than five percent in the last 24 hours. The cryptocurrency market capitalization has dropped below $1.1 ...

The bottom line, according to him, is that another 15% drop in the entire crypto market is likely before we can start talking about the possibility of recovery. The $1 trillion price level, according to the crypto expert, is a critical support level for the whole digital asset markets. The actual objective is $950 billion to be exact.”

Bitcoin was trading just over $27000 on Sunday as cryptocurrency investors continued to sell across the space following worse-than-expected inflation ...

“FWIW, I don’t think we are at the bottom yet coz conferences are still full, crypto parties are still extravagant, still seeing excesses among teams, macro environment is still weak. Crypto prices could go much lower, according to some industry watchers. Read: ‘The goal is never to seek the top’: The wild, hair-raising ride of a 30-something investor who battled against NFT hackers and dodged the crypto crash Other observers of the crypto carnage maintained that selloffs can serve as a reminder of the benefits of diversification: To some, though, the message is frankly investors beware of losses ahead for a vast swath of asset classes: The layoffs have started but not widespread yet.

In the aftermath of data showing US inflation hitting a new 40-year high, Bitcoin and Ether plummeted on Sunday, joining a broader cryptocurrency sell-off, ...

- Nonetheless, the worst was yet to come, as the pioneer crypto-asset began to sink even faster hours later. - According to Coinglass data, total long crypto liquidations were above $100 million for the third day in a row on Sunday, after $258 million on Friday and $290 million on Saturday. - When the US inflation data were released on Friday, the picture changed (8.6%) Bitcoin’s volatility increased as a result of the 40-year record, with the price dropping to $29K

A living nightmare, maybe? The crypto market has taken a huge hit since 11 June. Bitcoin [BTC] is currently down by 6% and below $27,500, Ethereum [ETH] is ...

The realised cap of Bitcoin just reached a seven-month low of $447.6 billion with the previous such low recently observed on 10 June. This is another worrying signal for the crypto community with the king coin struggling to maintain its position at the top. The second largest cryptocurrency by market cap took a 12.8% dip to reach its lowest point since February 2021. The situation is far more critical for Ethereum despite the recent Ropsten merge with the beacon chain. Ethereum, on the other hand, is back in the opportunity zone again after dropping as low as its February 2021 price. As per a recent Santiment study, the average returns of traders have fallen into negative territory again after the May debacle. But that is not all as most of the major altcoins are also losing ground today.

The broader crypto index falls to levels not seen since January 2021. · Ether comes off as the worst-performing asset, having dropped more than 50% in the ...

The most unfortunate aspect is that the majority of investors have lost faith in the market, which means a fall is likely to be more severe. Since it surpassed the $3 trillion milestones in November 2021, the market cap has lost about $2 trillion of its vault. The number of crypto liquidations is at an all-time high, according to Coinglass data. While Bitcoin and the market, in general, are losing investors, Ethereum is dealing with its difficulties during the 11 percent plunge. In the last 24 hours, the crypto market cap has dropped by 7% and may potentially hit $1 trillion for the first time since January 2021. The current market is unique in that regard. That raises the possibility of a recession, which some economists thought was already shaping out in a few months. The inflation numbers are assisting in fueling the bearish trend. The Federal Reserve will most likely extend an aggressive series of interest rate hikes; as a result, adding to political difficulties for the White House and Democrats. Tech stocks have also retreated as a result of this market volatility. Shelter, food, and gasoline were the most significant drivers of price increases. The crypto market has recently been subjected to a string of devastating lows.

Ether declined as much as 5% to $1445.56, its lowest level since March 2021, while Bitcoin dropped to as low as $27264.65, its lowest since May 12.

New York:Bitcoinand Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US inflationhitting a fresh 40-year high. Ether declined as much as 6.4% to $1,424.40, its lowest level since March 2021, while Bitcoin dropped to as low as $26,876.51, its lowest since May 12. Virtually all top tokens tracked by Bloomberg were down Sunday, with the likes of Dogecoin and Avalanche falling as much as 9.4% and 13% respectively.