Market Watch: Bitcoin Reclaims $30K, LUNA Recovers 12%

market-watch:-bitcoin-reclaims-$30k,-luna-recovers-12%

Following the relatively calm weekend, bitcoin finally initiated an impressive leg up and jumped above $30,000. Most altcoins are also well in the green, with ETH standing north of $2,000 and BNB charting a new two-week high. Bitcoin Reclaims $30K The past seven days were substantially less volatile than the previous week, in which BTC … Read more

The Terra (LUNA) Collapse: 4 Lessons To Be Learned (Opinion)

the-terra-(luna)-collapse:-4-lessons-to-be-learned-(opinion)

As the stormy waters recede from this month’s crypto market bloodbath, one blockchain network has been washed ashore dead: Terra. The network’s co-founder, Do Kwon, has forfeited any attempt at restoring the current chain to its former glory. He’s now advocating to hard fork and start anew with a different cryptocurrency – a highly questionable … Read more

Market Watch: Bitcoin Below $30K, About to Close 8 Consecutive Week in Red

market-watch:-bitcoin-below-$30k,-about-to-close-8-consecutive-week-in-red

Despite challenging $30,000 yesterday at one point, bitcoin was unable to overcome it and remains stuck below that line. Most altcoins are quite calm on a daily scale, with a minor increase from BNB and a more substantial jump from NEAR Protocol. Bitcoin Stands Still Below $30K Last week was a highly emotional and fluctuating … Read more

Bitcoin’s Pizza 12th Anniversary: 2 Pizzas for 10,000 BTC

bitcoin’s-pizza-12th-anniversary:-2-pizzas-for-10,000-btc

On May 22, the cryptocurrency community celebrates international Bitcoin Pizza Day. Less than two years after Satoshi Nakamoto published the nine-page Bitcoin whitepaper, Laszlo Hanyecz legitimized the use of cryptocurrency with the purchase of two pizzas for 10,000 BTC. Bitcoin Pizza Day There are thousands of cryptocurrencies, but Bitcoin, even to this day, remains an … Read more

Record Inflation Rates Spread Worldwide, Could Crypto Ease Some of the Pain? (Op-ed)

record-inflation-rates-spread-worldwide,-could-crypto-ease-some-of-the-pain?-(op-ed)

The condition of the global economy seems to be in a state of knockdown. The years of financial boom after the crisis in 2008 ended with the outbreak of the COVID-19 pandemic at the beginning of 2020. Social distancing measures and “stay-at-home” rules crippled production to a serious extent, while numerous central banks took the … Read more

Weekend Watch: BTC Rejected at $30K, LUNA and UST Dump Another 20%

weekend-watch:-btc-rejected-at-$30k,-luna-and-ust-dump-another-20%

After reaching and briefly exceeding $30,000 yesterday, bitcoin was rejected and dropped by more than a grand. Most altcoins are also slightly in the red today, with ETH struggling beneath $2,000 and SOL down to $50. LUNA and UST continue to lose value. Bitcoin Rejected at $30K Ever since last week’s massacre, bitcoin has been … Read more

Bitcoin Correlation to Wall Street Persists, Market Calms Down Following Terra Demise: This Week’s Crypto Recap

bitcoin-correlation-to-wall-street-persists,-market-calms-down-following-terra-demise:-this-week’s-crypto-recap

In the wake of Terra’s devastating collapse, the cryptocurrency market is taking a shot at recovery. In the past seven days, the total capitalization is up to $1.350 trillion, gaining roughly around $70 billion. Most cryptocurrencies trade well in the green, so let’s unpack. Starting with Bitcoin, the cryptocurrency seems rangebound between $28K and $30K. … Read more

Vitalik Buterin Confirms Ethereum’s Merge Could Happen in August

vitalik-buterin-confirms-ethereum’s-merge-could-happen-in-august

Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network. Speaking at a panel during the Permissionless conference, ETH core developer Preston Van Loon noted … Read more

Bitcoin Retests $30K as Ripple Spikes 6% Daily (Market Watch)

bitcoin-retests-$30k-as-ripple-spikes-6%-daily-(market-watch)

After a few more days spent underneath the $30,000 line, bitcoin finally jumped above it and even challenged $31,000 earlier. Most altcoins are also slightly in the green today, with XRP standing out as the most impressive gainer from the larger-cap ones. BTC Touched $30K The cryptocurrency market has not been in a bullish state … Read more

The High Bitcoin and Ethereum Correlation With Wall Street Continues

the-high-bitcoin-and-ethereum-correlation-with-wall-street-continues

The past several weeks have been quite the negative turmoil for the cryptocurrency market, as it all started at the end of March. Interestingly, this coincides with a similar drop for the largest US-based stock market indexes, which led to a multi-month high in terms of correlations between Wall Street and crypto. The Market Meltdowns … Read more