Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin market ditches "extreme fear"Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle. The pair had hit daily lows of $48,656 on Bitstamp before a dramatic trend change brought back the psychologically significant $50,000 ...
Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin market ditches "extreme fear"Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle. The pair had hit daily lows of $48,656 on Bitstamp before a dramatic trend change brought back the psychologically significant $50,000 ...
NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im
The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa's announcement that it will launch crypto consulting and advisory services for merchants and banks. Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether a...
NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im
The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa's announcement that it will launch crypto consulting and advisory services for merchants and banks. Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether a...
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level since July 21. Bitcoin/USD price at FTX. Source: TradingView It is somehow strange to compare both events, as the July 21 sub-$30,000 low would have erased the entire gains...
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level since July 21. Bitcoin/USD price at FTX. Source: TradingView It is somehow strange to compare both events, as the July 21 sub-$30,000 low would have erased the entire gains...
TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high
Stablecoins are an integral part of the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the 25% correction seen on Dec. 3. One project with a stablecoin component that has seen its price surge to a new all-time highs despite the wider market pullback is Te...
TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high
Stablecoins are an integral part of the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the 25% correction seen on Dec. 3. One project with a stablecoin component that has seen its price surge to a new all-time highs despite the wider market pullback is Te...
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin supply at roughly $150 billion. But central banks, the issuers of traditional fiat money around the globe, do not se...
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin supply at roughly $150 billion. But central banks, the issuers of traditional fiat money around the globe, do not se...
