This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW looks at the dramatic move downward in the crypto markets that started late Friday night U.S. time. He looks at both market structure factors such as low liquidity and thin weekend order books as well as macro factors including, insecurity around the new Omicron variant as well as a … [Read more...] about Why Bitcoin Crashed
Crashed
3 Reasons the Ether-Bitcoin Ratio Rose to 3 1/2-Year Highs as Crypto Crashed
While bitcoin tanked last week, pulling the broader crypto market lower, there was one bright spot. The ether-bitcoin (ETH/BTC) ratio rose 13%, reaching a 3.5-year high and registering its best weekly performance since May.The move was unique. Historically the pair has rallied during market-wide bull runs characterized by buying frenzy in ETH and other alternative … [Read more...] about 3 Reasons the Ether-Bitcoin Ratio Rose to 3 1/2-Year Highs as Crypto Crashed
Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Is DeFi season back? Stablecoin 'yield' deposits nearly doubled last month even as Bitcoin crashed Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Tether › DeFiStablecoins prevail during a pullback market as upcoming crypto management platforms provide avenues for high yield profits. Ana … [Read more...] about Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
The number of BTC held on exchanges crashed 20% in 12 months
Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months.The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch. #Bitcoin Balance on Exchanges taking another dive pic.twitter.com/F20tohfXsu— William … [Read more...] about The number of BTC held on exchanges crashed 20% in 12 months