Tag: Market
Bitcoin Price Drops Below $59K with $230M Crypto Liquidations
Bitcoin's price recently fell below $59,000 due to concerns about potential sell pressure from Mt. Gox repayments and potential miner sales. This drop also affected other major cryptocurrencies such as ether and Solana's SOL....
Kraken Introduces kBTC Amid Growing Competition in Wrapped Bitcoin Market
Kraken recently launched a new product called kBTC in the wrapped Bitcoin market to keep up with the increasing competition. This new token, kBTC, is an ERC-20 token that is fully backed and cross-network...
SEC to approve Ether ETFs by September as Society’s presale begins in 4 days Spot...
The Securities and Exchange Commission (SEC) chair has announced that spot Ether ETFs are expected to receive full approval by September. This development will allow spot Bitcoin and Ether ETFs to be accessible to...
Solana-Ether Ratio Drops to 3-Month Low, Analyst Predicts Continued Decline
The SOL/ETH ratio has dropped to a 3-month low as the speculation surrounding an ether ETF continues to impact altcoins like Solana's SOL token. The decline in the ratio, currently at 0.038 on Binance,...
Bitcoin FOMO: Social Media Users Urging to Buy Sub-$66,000 Dip Bitcoin FOMO: Buy Sub-$66,000 Dip...
Keshav, a senior writer at NewsBTC, has been following the cryptocurrency industry closely since June 14, 2021. With a background in Physics from the University of Delhi, Keshav initially pursued a degree in Physics...
Bitcoin Price Prediction: Will it Drop Below $50K?
Renowned trader Peter Brandt recently shared his insights on the potential market movements of Bitcoin, foreseeing a challenging period followed by a significant rally. His analysis suggests that if Bitcoin drops below the $65,000...
Bitcoin Price Plunge Sparks $289M Market Liquidations
Bitcoin's price took a surprising turn, dropping below $70,000 after reaching a high of $72,900 yesterday. This sudden shift in the market caused a total of $289.93 million in liquidations within a 24-hour period,...
Cryptocurrency Market Update: Bitcoin Drops to $66K, Ether Falls 5% in Market Sell-Off
Cryptocurrencies experienced a significant decline today, following the downward trend in the traditional stock market. The CoinDesk 20 index, which tracks the top 20 cryptocurrencies based on market capitalization, excluding stablecoins and exchange coins,...
BlackRock Explores Crypto Derivatives with BUIDL as Collateral
BlackRock is exploring the crypto derivatives market by considering the use of its BUIDL fund as collateral on various centralized exchanges, such as Binance, OKX, and Deribit. This move is part of a larger...
The Potential Impact of the $172B Stablecoin Market on Crypto Prices
The stablecoin market is making a comeback, with its capitalization nearing its all-time high. Analyst Alice Liu believes this signals a significant amount of cash on the sidelines ready to be invested once momentum...