Bitcoin dominance is approaching new highs in recent days
Usually, such highs have resulted in a sharp reversal, followed by a good rise in altcoins. Moreover, even in the event of a BTC correction, with such a dominance level, altcoins have shown good performance. The views expressed in this article are solely those of the author and should not be construed as official statements...
March 17, 2023
1 min to Read
Cryptocurrency Market Overview
Yesterday there was a sharp decline in almost all altcoins, but Bitcoin held its levels. If you look at the macroeconomic indicators, there is a lot of negativity, with concerns about the bankruptcy of Credit Suisse (which will of course be rescued), the bankruptcy of regional banks in the United States, the possibility of an...
Metamask earned $1.5 million in profit over the weekend
Metamask earned $1.5 million in profit over the weekend, reflecting the panic surrounding bank bankruptcies. Volumes of swaps (cryptocurrency exchange operations) at the web3 wallet provider Metamask reached a record daily high of over $200 million. As a reminder, the frenzy was caused by the bankruptcy of Silvergate and Signature banks, which serviced many crypto...
Overview of the cryptocurrency market
Yesterday the market pleased us with growth and huge volatility. However, inflation data was not positive at all. Inflation in the consumer sector is still high. And my expectations that pretty numbers would be drawn under the banking crisis did not materialize. After a few hours of euphoria, bank stocks began to be sold intensively,...
Cryptocurrency Market Review
Yesterday the market began to decline, and BTC even broke through the channel of $21,950 – $22,700. While the exit from the channel was false, the wave of decline may continue. However, I still believe that we won’t see a really strong movement in the market before Friday. Powell’s speech before Congress yesterday caused the...
FSB, IMF, and BIS papers to pave the way for a global crypto framework
Global regulators are set to release a series of recommendations and papers in July and September, aimed at creating a comprehensive global regulatory framework for cryptocurrencies. The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will be spearheading this effort. The FSB will release recommendations on the...
March 5, 2023
1 min to Read
Why Bitcoin fell below $22000 Today?
The value of #BTC has been on a decline since yesterday, but there has been a further breakdown in just a few hours, resulting in a total of $250 million in liquidations in the last 24 hours. This decline was expected after Circle withdrew $312 million USDC and transferred it to crypto exchanges. Moreover, Silvergate...