Bitcoin (BTC) began the year risk-off — as seen in the Futures Open Interest (OI) Crypto-Margined metric displayed below. Bitcoin: Percent Futures Open Interest crypto-Margined metric – Source: Glassnode.com The decline in BTC Futures OI percentage seen from July 2021 into 2022 portrayed a recovery into a risk-on narrative throughout 2022. However, starting at almost…
Crypto pioneer and CEO of ShapeShift, Erik Voorhees, predicted the bull market would return within six months to three years. Having been put on the spot for a call, an amused Voorhees told Ryan Sean Adams and David Hoffman of the Bankless Podcast that he often discusses this question with his OG crypto friends at…
Investment manager VanEck’s head of Digital Assets Research Matthew Sigel predicts Bitcoin (BTC) will hit $10,000 to $12,000 in the first quarter, which will mark the bottom of the bear market. Sigel added that prices will fall to these levels “amid a wave of miner bankruptcies.” Energy crisis renders mining unprofitable In the company statement, Sigel…
Bankrupt firm Three Arrows Capital’s co-founder Zhu Su alleged that Digital Currency Group (DCG) and FTX conspired to attack Terra LUNA and staked Ethereum (stETH) in a Jan. 3 Twitter thread. The hedge fund co-founder said this was possible because of the close relationship between Sam Bankman-Fried and DCG CEO Barry Silbert. According to Zhu Su,…
Justin Sun has stated that the crypto exchange Huobi is not carrying out mass layoffs, according to a report from the South China Morning Post on Jan. 2. The South China Morning Post cited earlier reports from the Chinese business news outlet Jiemian, which obtained an internal statement from Sun. That report, presumably written in…
Bitcoin mining revenue was down to $9.55 billion in 2022 from $15.3 billion in 2021 – a 37.5% decline. Since the peak of a massive rally in 2021, cryptocurrencies have lost more than $2 trillion in market cap to reach below $900 billion. There has been more than a 70% drop in Bitcoin, the world’s…
Solana began the New Year on a high, gaining 14% over the last 24 hours. Analysis of the 15-minute SOL chart showed a distinct lack of price action until 07:00 (GMT) on the first working day of 2023. A massive 20% spike occurred at this point, leading to a peak price of $12. However, the…
On Nov. 10, 2021, (BTC) established an all-time high of over $68,600, according to CryptoSlate data. On the same day, Ethereum (ETH) reached an all-time high price of $4,864.11, CryptoSlate data shows. The peak in the price of the two largest cryptocurrencies by market cap would lead investors to believe that the market was still experiencing a bull run….
SushiSwap’s CEO, Jared Grey, introduced a proposal on Dec. 30 to alter the tokenomics of the SUSHI token in an attempt to revive the protocol amid a liquidity crunch. On Dec. 6, Grey set off a furor in the SUSHI community after announcing that the project’s treasury had a runway of only 1.5 years. At…
CryptoSlate looked into Glassnode data representing year-to-date (YTD) reviews of leading assets and currencies and revealed that Bitcoin (BTC) performed better than Ark Innovation ETF (ARKK), MicroStrategy Inc. (MSTR), and Coinbase Global Inc (COIN) in 2022. According to the data, BTC fell by 65.38% YTD, while ARKK, MSTR, and COIN lost 67.79%, 74.64%, and 85.90%…