“Fair value” is a term that’s not often used in the crypto market, but it’s one that can help investors position their trades to make the most out of the volatile market. Knowing a “fair value” of a crypto asset enables investors to know whether the asset is overvalued or undervalued at its current price….
Cryptocurrency trading volumes fell to their lowest point since 2020 at the end of June due to current market conditions, Bloomberg News reported. The report cited data from CryptoCompare to reveal that derivatives and spot trading volumes have fallen over 15% since May across crypto exchanges. Spot trading volume was down 28% on a monthly…
Ripple Co-founder Jed McCaleb will sell out his XRP holdings this week, according to a tweet from the founder of XRPArcade, Leonidas, on July 10. McCaleb would be selling 4.215 million units of XRP per day this week. He would finish selling the remaining 22.16 million XRP on July 16. Jed will be selling 4.215M…
While the coldest crypto winter toppled all areas of crypto, NFTs and blockchain gaming industries remain bullish. NFT trading volumes increased by 23%, while the blockchain gaming industry attracted record investments. The total market cap fell by 34% since the Terra disaster, which pushed the market into a winter. Since then, all areas of crypto…
One of the biggest changes to the crypto market today compared to the last bear market is the different types of assets that exist. Instead of choosing between Dash, Litecoin, Ethereum, Bitcoin, etc., people can invest in NFTs and plots of digital land in the metaverse. Common sense indicates that these new, experimental assets are…
A survey conducted by crypto exchanges WazirX and Zebpay found that 83% of traders believe India’s 30% tax on all cryptocurrency and non-fungible token (NFT) transfers has impacted their trading frequency. The survey shared with CryptoSlate included 9,500 respondents who had actively traded between January 1 and April 15, 2022. The respondents were divided into…
The trading volumes on Indian cryptocurrency exchanges have come under added pressure from the 1% tax that went into effect on July 1. The trading volumes have been on a downward slope since India imposed a 30% tax on all cryptocurrency and non-fungible token (NFT) transactions and transfers from April 1. The 1% tax will…
The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. #Bitcoin is about to close -40% in June – the worst month ever! 🤨 pic.twitter.com/rQ2JckE7rF — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) June 30, 2022 Bitcoin (BTC) and Ethereum (ETH) were…
The Commodity Futures Trading Commission (CFTC) has charged Cornelius Johannes Steynberg and his company Mirror Trading International (MTI), with fraud and registration violations. The South African trading company is the subject of a complaint filed by the CFTC on June 30, 2022, which alleges that Steynberg launched and used MTI to operate a global foreign…
The correlation between Bitcoin (BTC) and Nasdaq 100 reduced this month after reaching a record of .8 last month, according to a new Kaiko report. While Nasdaq closed the week on a positive note of over 7%, Bitcoin continues to trade in the $21,000 range. But Bitcoin remains mostly uncorrelated to the asset it has…