Why FTX May Not be the Only Scapegoat in its Own Downfall?
The bankruptcy of FTX Derivatives Exchange, the once crypto behemoth valued at about $32 billion, has served as a reference point for many to look at and engage with the…
Weekly Crypto Market Performance Review Amid FTX Implosion
The digital currency ecosystem is trading with massive volatility that was engineered by the collapse and eventual bankruptcy of the FTX derivatives exchange over the past week. The combined crypto…
Is Bitcoin Gearing Up to Exit the Current Bottom?
Since Bitcoin (BTC) has been trading above the psychological price of $20K, Glassnode has released its weekly on-chain report titled “Hammering Out The Bottom,” scrutinizing the stakes and the risks…
Chiliz (CHZ) Surges 15% Amid 2022 World Cup Tournament, Mainnet Launch
Data from TradingView, a financial trading platform, shows that Chiliz (CHZ) posted a strong performance over recent weeks, with prices showing bullish trends, therefore worth analyzing. The price of Chiliz…
Are Bitcoin Miners Earning Minimum Reward as Hash Price Plunged to Historic Lows?
The revenue of Bitcoin (BTC) miners continues to dwindle, given that hash price has nosedived to historic lows of $66,500 per Exahash, according to Glassnode. The market insight provider explained:…
DeFi TVL Rebounds to the $54 Billion Mark, Eth-based MakerDAO Remains Dominant Lender
Fresh data from tracking service DeFi Llama shows that the total value locked (TVL) in decentralized finance (DeFi) protocols has rebounded to the $54 billion mark. According to the data,…
Crowd Sentiment towards Crypto Turns Bearish as Inflation Data Looms
The crypto market has not yet been able to find the right footing based on tightened macroeconomic factors and Russia’s invasion of Ukraine. As a result, crowd sentiment toward cryptocurrencies…
Ethereum’s Speculative Action Goes through the Roof as the Merge Edges Closer
Since the merge of Ethereum (ETH) has been awaited with bated breath by the crypto community, the network’s speculative action has skyrocketed. Market insight provider Glassnode explained: “Ethereum speculative action…
Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst
The digital currency ecosystem has continued to experience volatility, with a declining market capitalization sweeping across the board. While the combined cryptocurrency market capitalization is down by 1.58% to $1.01…
Fed Rate Hike Unclear, Bitcoin Falls Below $21,000
The largest cryptocurrency, bitcoin, tumbled more than 9 percent to below $21,000, hitting a new low in late July. Bitcoin also posted its biggest one-day drop since June. Bitcoin fell…