An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and it marks a 24% correction from the rally to $25,000 on…
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the Ethereum merge and how it might impact the crypto market To kick things off, we broke down the latest news in the markets this week Surge or purge? Why the Merge may not save Ether price from ‘Septembear’. Options data, macroeconomic catalysts and technical signals suggest a decline in…
DBS bank in Singapore wants to expand its digital asset offerings to more of its 300,000 users.The bank is also looking to upgrade its mobile application to make the process more user-friendly. DBS holds $488 billion in total assets as of December 31, 2021. DBS Group Holdings, Singapore’s largest bank, is looking to expand its bitcoin and cryptocurrency services to…
The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion market capitalization and 400 decentralized applications (DApps). That is precisely why monitoring vital network conditions is essential for anyone willing to trade the event which is scheduled…
The cryptocurrency markets have been quiet over the weekend. The sideways price action continues on Sept. 5 and there are unlikely to be any fresh triggers from the United States equities markets, which are closed for Labor Day. However, the bullish picture for cryptocurrencies looks clouded as the energy crisis in Europe sent the euro to a two-decade low versus…
The Federal Reserve’s efforts to battle inflation by rising interest rates and killing demand may have limited results as long as the supply side of the inflation problem won’t be fixed, according to macro analyst Lyn Alden. “Until they actually fix the supply side of certain things, like energy especially, but commodities broadly and logistics infrastructure, until that is improved,…
Holders of Lido Finance’s native token, LDO, have seen their holdings grow by over 20% in the past week. Since last Monday, LDO has risen from roughly $1.61 to $1.93 today, marking a total run-up of 20.5% over that period, according to CoinMarketCap. Trading volumes for the token have also skyrocketed over the past 24 hours, rising roughly 19%. The…
On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and ethereum web pages. California and…
