On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and … [Read more...] about Bitcoin Crashes as FUD Sets In
Crashes
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k
Salvadoran president Nayib Bukele announced the purchase of 150 BTC as the market price momentarily slipped below $50,000 after losing over 15% in market value.The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November.El Salvador just bought the dip! 150 … [Read more...] about El Salvador stacks 150 Bitcoin after BTC price crashes below $50k
Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
Tether (USDT), the world’s largest stablecoin by market value, has turned volatile on Indian exchanges amid renewed regulatory uncertainty. And savvy traders are profiting from the price instability.The cryptocurrency launched to help mitigate volatility associated with other digital assets should always be worth $1 or rupees (₹) 74.37, as per the current dollar-rupee or … [Read more...] about Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
Squid Game Token Crashes; Developers Say They’ve Left the Project
Squid Game is not the only crypto project “inspired” by the popular Netflix show, but none of them are officially affiliated with the South Korean survival drama. Prices of other tokens associated with the show, including squid game protocol, squidgametoken, squidanomics and international squid games, were also deep in the red over the past 24 hours, according to … [Read more...] about Squid Game Token Crashes; Developers Say They’ve Left the Project
Here’s how altcoin futures volumes and the USD lending rate signal market crashes
Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain.These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data … [Read more...] about Here’s how altcoin futures volumes and the USD lending rate signal market crashes