Markets
Short Traders Lose $82M as Bitcoin Bounces to $43K
A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.
Near, Cosmos Defy Altcoin Plunge With Price Surge
Tokens of the layer 1 blockchains were up as much as 25% while the broader market took a beating.
Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms
Some institutions use crypto equities as a proxy for cryptocurrencies, one value investor said.
Olympus Tanks 30% Led by Liquidations on Fuse, Souring Market Sentiment
Tokens of the decentralized money market were one of the biggest losers on Tuesday, reaching prices last seen in May 2021.
Bitcoin’s Slump Is Good for Crypto Miners in Long Term, Jefferies Analyst Says
A lower bitcoin price will deter new entrants and help incumbents gain market share.
Avalanche, Polygon See Slight Gains as Crypto Markets Remain Flat
Markets saw a brief spike on Sunday.
Bitcoin Dips Below $40K as ‘Death Cross’ Looms on Price Charts
The past record of the “Death Cross” as an indicator of deeper drawdowns is mixed.
Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K
The price appears to have stabilized after a nearly weeklong downdraft that marked one of the cryptocurrency’s worst-ever starts to a year.
Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018
Cryptocurrency analysts had warned of the possibility of a steeper sell-off, and now traders are wondering when and where the market shakeout might end.
Fantom Transactions Surge Ahead of Avalanche as DeFi Prospects Heat Up
Opportunistic capital moves over to “yield farm” on Fantom with high returns on stablecoin deposits, analysts note.
