Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week's downturn that was the “largest deleveraging event since the March 2020 sell-off,” according to an on-chain report from Glassnode. After suffering the biggest monthly price drop in Bitcoin (BTC) history, bulls now look to stage a comeback with a … [Read more...] about Bitcoin bounces after weeklong ‘capitulation event’ results in $14.2B in losses
Event
Bitcoin’s Dip to $30k Marked the Largest Capitulation Event To Date
Bitcoin’s pullback to $30k is now the largest capitulation event to date in terms of realized lossesThe amount of realized BTC losses exceed those of March 2020, November 2018 and the January 2018 correctionRoughly 76% of Bitcoin addresses are still in profitsSelling could continue through Bitcoin miners and investors who recently bought BitcoinBitcoin’s ongoing pullback that … [Read more...] about Bitcoin’s Dip to $30k Marked the Largest Capitulation Event To Date
The biggest event in crypto this week ISN’T Coinbase’s IPO: Erik Voorhees
ShapeShift CEO and crypto industry stalwart, Erik Voorhees, has suggested the launch of Thorchain is arguably the biggest event in crypto this week.And considering all eyes in crypto are on the direct listing of major US exchange Coinbase on the Nasdaq on Wednesday — with a potential valuation of $140 billion according to the FTX derivatives exchange — that’s a pretty big … [Read more...] about The biggest event in crypto this week ISN’T Coinbase’s IPO: Erik Voorhees
Catalytic event or unbridled optimism? Coinbase approaches public listing
The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United States Commodity Futures Trading Commission of a $6.5-million fine against Coinbase for “wash trading” and filing misleading information probably won’t do more than postpone by a few weeks the distinction of being the first … [Read more...] about Catalytic event or unbridled optimism? Coinbase approaches public listing