Bitcoin is now into its 12th week of the prevailing drawdown since the all-time-high, and derivatives traders are betting on more downwards movements by the premiere cryptocurrency. Meanwhile, on-chain demand models suggest a more bullish undertone is in play, according to on-chain analysts Glassnode. “As a percentage of the Bitcoin market cap, open interest in…
2022 crypto markets didn’t get off to a positive start as asset prices have fallen sharply since the new year, a decline that already began in November last year. Since all-time-highs, bitcoin (BTC) and ether (ETH), the leading cryptocurrencies by market cap, are down 45 and 48.2 percent respectively. Over the past 30 days, the…
This year has been nothing short of a blood bath for bitcoin. The market has not seen a bitcoin (BTC) price this low since July last year. Corrections in 2017, and early 2021 were much shallower – between 20 and 40 percent, whilst July 2021 reached a drawdown of about 54 percent, according to fresh…
Onomy Protocol is proceeding with its plan of converging Forex and DeFi markets, announcing a collaboration with NEAR and Aurora. Through the use of stablecoins, Onomy plans to empower institutions to onboard their fiat exchange operations on-chain and, further down the adoption line, serve as the world’s decentralized reserve bank. In line with this ambitious…
The market value of ether (ETH), the second-largest digital asset by market cap, has taken a big toll of late. The price of ETH is at the moment of writing hovering around $3,100, down about 36 percent since its all-time-high on the 10th of November. Ether hasn’t seen this low valuation since the beginning of…
Ether, the native token of the Ethereum platform, and the second-largest digital asset by market cap, has seen a fall of its market value by 33 percent since the latest all-time-high on the 10th of November. In particular, ether’s market value took a big hit in the last 24 hours and went south by about…
It is an unarguable fact that Bitcoin and Ethereum are the two biggest cryptocurrencies in the world today. The battle between these two coins dragged on throughout last year and the silent competition between both assets continues to shape the world of cryptocurrency. Ethereum outperformed Bitcoin throughout 2021 To be specific, based on multiple metrics,…
The total value locked (TVL) on decentralized exchange (DEX) Osmosis, which is part of the Cosmos (ATOM) ecosystem, surpassed $1 billion today, according to decentralized finance metrics platform DeFi Llama. This comes as a result of rapid growth the DEX has been seeing over the past seven days. At press time, the TVL on Osmosis…
Last week, sources in the financial markets industry revealed that Russia’s central bank (Centrobank) wants to bar the country’s residents from buying Bitcoin and other cryptocurrencies. Consequently, one of the currently considered ways of doing so is to block certain merchant category codes (MCCs), a knowledgeable source revealed to Forbes today. An MMC is a four-digit…
Kattana, a cross-chain trading terminal for DEXs and CEXs is releasing a set of professional fast trading tools for DeFi traders. While bridging the gap between the centralized exchange world and the decentralized one, the terminal allows both professional and novice traders to benefit from trading in real-time. Tools for the best DeFi trading experience…