11 months ago
Date: 12 May 2022 - 08:52

Another day came with more massive price drops in the crypto market with bitcoin dumping to lows not seen in roughly a year and a half. The altcoins are in even worse shape with countless doubledigit declines across almost all charts.Bitcoin Charts Yet Another Yearly LowA lot can change in the cryptocurrency markets in a week. Seven days ago bitcoin stood around 40000 after spiking by 1000 in a day. This was regarded as a positive development with the bulls expecting an upcoming price surge above that coveted level.However very few people could have foreseen what followed. Instead of jumping above that level BTC headed straight south and lost 4000 in a day. That was not all as another price slump drove it to 33000 and then to 30000 a few days later.After bouncing off to 33000 on May 10 the cryptocurrency dumped once more to below 30000 for the first time since last July. After the US announced the latest inflation numbers bitcoin pumped briefly to 32000 but was rejected once again.This time it plummeted to 28000 before dumping even more to 25350 on Bitstamp the lowest price position since late December 2020. Somewhat expectedly this resulted in over 1 billion worth of liquidations.As of now BTC stands above 27000 but being 30 down on the week means that its market cap is well beneath 550 billion.BTCUSD. Source TradingViewAltcoins With DoubleDigit DropsEthereum took the market crash relatively well compared to most other assets or at least until yesterday. Now the secondlargest cryptocurrency has lost over 15 of value on a daily scale and sits below 2000. Hours ago ETH went down to around 1800.Binance Coin 17 struggles at multimonth lows of 250. Even more losses are evident from Ripple 25 Cardano 25 Solana 30 Dogecoin 25 Polkadot 25 Avalanche 27 Shiba Inu 30 and many others.Terra continues to be the most significant loser with another 99 daily decline. As of now LUNA suffers at 0.15. The asset traded above 90 a week ago.The cumulative market capitalization of all cryptocurrency assets has plummeted below 1.2 trillion. This means that the metric has lost more than 600 billion in a week.Cryptocurrency Market Overview. Source Quantify Crypto

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Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

Content aggregation ranking and discussion website Reddit a popular platform among crypto enthusiasts announced the launch of a new blockchainbacked avatar system on Thursday July 14th.Blockchain AvatarsWhile Reddit has not yet revealed the exact date of the features release the company expects to be able to introduce avatars to the community in the next few weeks. As it currently stands Reddit ha

BTC ETH and most altcoins sold off heavily as the Merge began but ATOM is bucking the trend with a near doubledigit gain.

The best DApps to watch on the Tron Network 2 years ago

The Tron TRX network is by far one of the most exciting blockchains in the world right now. nbspThe project hopes to build the infrastructure needed for a truly decentralized internet. In recent years Tron has also been attracting its fair share on new DApps. Here is whyTron offers high scalability options that allow new apps to be developed and deployed faster.It also has a more reliable network

The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative bills.Russian Ministry of Finance to Open Consultations on New Crypto LegislationRussias finance ministry

Big four accounting firm Deloitte tapped Bitcoinfocused financial services firm New York Digital Investment Group NYDIG for a strategic alliance that aims to help companies access financial services built on Bitcoin.The newly formed alliance will focus on offering Bitcoinrelated financial services to companies of all sizes. Its targeted areas include banking consumer loyalty and rewards programs e

Panelists at the World Economic Forum session on cryptos carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining.

PembRock Finance is a DeFi protocol built on NEARs blockchain and it introduces leveraged yield farming. Its designed to allow users to borrow additional liquidity for the purpose of farming. The app is soon to be released and users will also be able to provide liquidity stake make governance decisions farm with leverage and others.In this interview the projects founder and CEO Igor Stadnyk shares

With the start of the new month cryptocurrency markets are performing exceptionally well with Bitcoin and Ethereum showing significant price gains. In response Metaverse crypto coins are also showing bullish momentum with some gaining as much as 20 today. This article looks at our pick of the top five Metaverse crypto coins below 1 to watch in March 2022 ordered by current market capitalization lo

Disney also jumped into the Metaverse initiative through its unique headsetfree Augmented Reality theme park idea.After the announcement of the Metaverse concept by Facebook which is Meta now the majority of the tech companies are planning to go with the Metaversebased projects. In this list Samsung Google are also involved which grab popularity beside Meta company. This trend is giving a better b

The crypto market in general has steadied after a very volatile period during the start of 2022. Analysts are now focusing on longterm outlooks and one coin that has grabbed the attention of everyone is Kava KAVA. Could it actually hit 40 by yearend Here is what you need to knowShort term volatility has put a lot of pressure on KAVAHitting 40 will mean that the coin needs to grow 10X from its curr

Chainlink said it will not provide support for forked versions of the Ethereum blockchain after the muchanticipated shift from Proof of Work PoW to Proof of Stake PoS also known as the Merge. However the Chainlink protocol and services will remain available during and after the Merge.Users should be aware that forked versions of the Ethereum blockchain including PoW forks will not be supported by

But the central bank chief said she still wouldnt go near digital assets.

Ravendex team is proud to announce the launch of its staking platform it is a Cardano crypto project that intends to build and develop a host of Defi Services including a completely decentralized exchange platform on the Cardano ecosystem.Ravendex is is the first noncustodial Decentralized Exchangeon the Cardano Blockchain that allows the swift and nearinstant transfer of assets and liquidity betw

Renowned investor Jim Rogers who cofounded the Quantum Fund with billionaire investor George Soros says he has optimism about the future of crypto money. However he is skeptical of central bank digital currencies and warned that the world is looking for something to replace or compete with the U.S. dollar.13Jim Rogers on Bitcoin Crypto and U.S. Dollar13Veteran investor Jim Rogers shared his outloo

Bitcoin public mining companies have been struggling along with the rest of the crypto market. With the decline in the price of bitcoin these companies had seen their cash flow decline driving come to the brink of bankruptcy. However while it seemed like the losses that public BTC miners have incurred have happened in the bear market run it goes back even father back.Bitcoin Miners Are Barely Prof