The recent surge of Bitcoin above a resistance level that dates back to August 2022 has strengthened the possibility of a continued rally, with $28,000 now in view. Bitcoin Breaks Major Resistance Level and Sets Sights on $28K Bitcoin’s upward momentum shows no signs of slowing down as the top cryptocurrency surged past a key…
The crypto market is largely unaffected by the European Central Bank’s latest 50 basis point rate hike, with the flagship cryptocurrency Bitcoin only seeing a minor dip following the announcement. Meanwhile, traditional stock markets saw most stocks rebound after opening losses following the rate hike. However, long-term sentiment points to future pains as markets were…
The launch of ChatGPT-4 has resulted in a significant spike in the price of SingularityNET’s AGIX. The blockchain-based platform, which allows developers to create, share, and monetize artificial intelligence services, has seen a surge in interest following the release of the advanced AI language model, which has surged over 30% in the last 24 hours….
ARK Invest’s Cathie Wood ‘not surprised’ at crypto market rebound The CEO of ARK Invest said it was no surprise that decentralized, transparent, and auditable crypto market appreciated as U.S. regional bank stock imploded. 22 hours ago · 2 min read
Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds. CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million as of press time. Meanwhile, long liquidations…
Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to CryptoSlate data. USDC lost its peg after Circle announced that roughly $3.3 billion of its cash reserves were held…
Ad Bitcoin (BTC) tumbled below $20,000 for the first time since the beginning of the year and liquidated $123.25 million long positions held on the assets in the last 24 hours, according to Coinglass data. Across the broader crypto market, the total liquidations were $323.86 million over the last 24 hours, according to Coinglass data….
Ad Crypto’s US Dollar market depth has significantly dropped over the past month following Silvergate’s struggles, according to Kaiko data. US exchanges are becoming less liquid. Kaiko said U.S.-based exchanges and market makers are becoming less liquid as they seem most affected by Silvergate’s implosion. According to Kaiko data, Bitcoin and Ethereum’s market depth improved…
Ad Binance, one of the world’s largest crypto exchanges, updated its proof-of-reserves (PoR) system to include 11 new tokens. These include Mask Network (MASK), Dogecoin (DOGE), Curve DAO Token (CRV), 1inch (1iNCH), and more. According to the March 7 update, Binance’s PoR system now reflects the reserves held for the added new tokens in addition…
Ad The crypto market saw a sharp decline at 12 am UTC on March 3. The price of Bitcoin (BTC) fell by over 5% from around $23418 to $22163, according to CryptoSlate data. Most of the drop occurred within an hour as the BTC price fell by over $1,000 in seconds. The price of the…