Author: Crypto News Live
After several days of depressing price movements, bitcoin finally went on the offensive and shot up by almost $2,000 in the past 24 hours to register its highest price tag since June 8. Expectedly, this has resulted in millions of dollars worth of liquidations, with short positions representing almost 80%. Following the SEC’s lawsuits against the two largest crypto exchanges – Binance and Coinbase – as well as the CPI numbers from Wednesday and the Fed’s pivot from its interest rate hiking policy, bitcoin’s price performance was quite underwhelming. The asset recently charted its lowest price tag in three months.…
DOGE. PEPE. AI altcoins. Every now and then a memecoin explodes into the stratosphere, and we’re all left wondering how exactly it all happens. We sat down with the top execs at crypto exchange BTSE to get to the bottom of it. CEO Henry Liu and COO Jeff Mei gave us their honest perspectives on the hype and hope behind the fear and greed that drives markets, whether that’s crypto, commodities, or plain old fiat currencies. TLDR – Henry and Jeff believe ‘retailization’ is an inevitability for the crypto industry, and share insights from BTSE’s recent FUD & FOMO report.Interview…
LINK bulls were in the process of repelling bearish dominance amid the bid to cover operational costs. Chainlink development activity soared, likewise, its circulation. The price of Chainlink [LINK] withstood the initial fear of falling to selling pressure after the decentralized oracle network sent 21 million tokens out of its wallets. On 16 June, Chainlink transferred the tokens out of its non-circulating supply. Read Chainlink’s [LINK] Price Prediction 2023-2024 Around $95 million worth of tokens were sent to Binance, according to the Etherscan transaction receipt. Usually, such an action shows a motive to sell off the tokens and push LINK…
Ever wanted to try your hand at playing Axie Homeland but don’t own an Axie land plot? Well then your time has come as Axie Homeland introduces Land Delegation! Land delegation allows land owners to designate others to run and manage their land, while still receiving any rewards from the leaderboard rankings. Land delegation, a pseudo-scholarship program, makes its way to Axie Homeland. Axie land delegation lets land owners without the time or energy to manage their land plots, make a deal with players who don’t own any land, but are interested in land management. These secondary players are called…
Key highlights:The total cryptocurrency market cap increased from $ 1.05T to $ 1.07T in the past 24 hours, representing a 1.85% changeThe Bitcoin price at press time is $ 26,668 after growing by 4.34% in the last 24 hoursThe total crypto trading volume increased by 1.85% in the past 24 hours, and is currently at $ 143.50BAll prices and changes are presented at the time of publication: June 17, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.07T after a 1.85% increase on the day. The total crypto trading volume increased by 1.85% in the same time frame.Bitcoin is trading at…
The decoupling became even more pronounced in Q2 2023 as the price trajectories diverged. Bitcoin’s volatility increased following the recent legal actions on crypto behemoths. Bitcoin [BTC] formed an inverse relationship with tech stocks as sentiment around virtual assets and equities diverged lately. Is your portfolio green? Check out the Bitcoin Profit Calculator A Twitter user, citing data from on-chain analytics firm IntoTheBlock, said that Bitcoin’s 30-day correlation coefficient with popular indices like Nasdaq and S&P 500 turned negative. In essence, this meant that when the price of BTC goes up, the price of the equities will fall and vice versa.…
An unknown crypto whale is suddenly moving more than three trillion Shiba Inu (SHIB) tokens as the altcoin market slumps. Blockchain-tracking service Whale Alert initially spotted the large Shiba Inu transaction. Whale Alert reveals that a deep-pocketed entity moved a total of 3,811,233,843,288 SHIB worth about $25.6 million at the time from one unknown wallet to another unknown wallet. ? ? 3,811,233,843,288 #SHIB (25,596,246 USD) transferred from unknown wallet to unknown wallethttps://t.co/BxyIPoDq9J — Whale Alert (@whale_alert) June 16, 2023 The receiving wallet continues to hold onto the large SHIB stack at time of writing, while the entity that controls the…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ATOM prices climbed steadily toward $9 but the buying volume remained muted. The trend was bearish but volatility could see a move above $9 to grab liquidity before a reversal. In the past three days, Bitcoin managed to bounce from $24.8k to $26.6k. Yet, its trend was not yet bullish. Cosmos has also climbed steadily higher since last Sunday. Sunday, 10 June, saw Cosmos trading at $8.15. The prices have risen by 10.14% since and ATOM traded at $8.76 at…
The crypto research and analytics platform Messari shared a post on Twitter earlier today sharing that Solana (SOL) has experienced a notable increase in its daily NFT transactions. According to the post, Solana’s NFT transactions have doubled over the past 30 days alone. Solana daily NFT transaction count (Source: Twitter) Messari added in the post that Solana’s NFT success can be attributed to heightened activity with consumer apps. As a result of this, Solana was even able to surpass both Ethereum (ETH) and Polygon (MATIC) in terms of NFT transaction volume. Solana’s success in the NFT space was accompanied by…
Bitcoin prices rise despite traders taking short positions. BTC options expiry, bullish sentiment, and market volatility impact Bitcoin’s performance. Bitcoin has experienced notable volatility in recent times, driving many traders to hold short positions against the cryptocurrency. However, despite this, BTC’s prices have started to rise again, potentially favoring bullish sentiment. Read Bitcoin’s Price Prediction 2023-2024 Bulls vs Bears According to CryptoQuant founder and analyst Kim Young Ju, the surge in BTC prices over the past few days has primarily been driven by direct purchases of Bitcoin through perpetual swaps, a type of derivative contract. Nevertheless, it appears that short…
