At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours.According to a report from analytics company Santiment, a spike in an often-overlooked metric preceded both this month’s crash and last year’s March sell-off and could be used to predict future price swings.Tracking … [Read more...] about This key metric correlates with Bitcoin’s largest price drops
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Bitcoin AUM falls 9.5% to record largest monthly pullback since July
The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion.While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data … [Read more...] about Bitcoin AUM falls 9.5% to record largest monthly pullback since July
Brazil’s Largest Crypto Exchange Owner Plans Latin American Acquisitions: Report
2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, is looking to make strategic acquisitions to achieve its goal of expanding into Argentina, Chile, Colombia and Mexico, 2TM CEO Roberto Dagnoni told Bloomberg Tuesday.The company is looking to become a provider of blockchain infrastructure for financial markets in Latin America, … [Read more...] about Brazil’s Largest Crypto Exchange Owner Plans Latin American Acquisitions: Report
Sotheby’s Metaverse announces latest and largest NFT charity auction
Sotheby’s, the world’s oldest art and luxury auction house, announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its latest NFT collection via the Sotheby’s Metaverse. The auction titled Gifted: The 140 Collection is considered to be Sotheby’s “biggest NFT charity auction ever,” with all of its proceeds going … [Read more...] about Sotheby’s Metaverse announces latest and largest NFT charity auction
Crypto Venture Firm Paradigm Announces $2.5B Fund, Industry’s Largest
The venture firm launched by Coinbase co-founder Fred Ehrsam now has $2.5 billion for placing bets on the next generation of leading crypto projects.Paradigm announced Monday the completion of its fundraising efforts. CoinDesk reported in October that the firm was raising around $1.5 billion, according to investor documents seen at the time.“This new fund will invest alongside … [Read more...] about Crypto Venture Firm Paradigm Announces $2.5B Fund, Industry’s Largest