What Can We Learn From Today's Crypto Market Crash?

What Can We Learn From Today’s Crypto Market Crash?

Cryptocurrency prices declined today, along with those of stocks and commodities. (Photo by INA … [+] FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images) AFP via Getty Images Cryptocurrencies suffered widespread losses today, falling in value as other assets like stocks and commodities followed suit. Bitcoin fell to $42,527.50, the least since August […]

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The Price Of This 236-Foot-Long Superyacht Is Over $70 Million...In Bitcoin

The Price Of This 236-Foot-Long Superyacht Is Over $70 Million…In Bitcoin

AZTECA can only be bought with Bitcoin Edmiston The 236-foot-long superyacht AZTECA, which was built by CRN and will attend the 2021 Monaco Yacht Show is for sale. But here’s the thing. The owner will only accept payment (totaling well over $70 million) in Bitcoin. Now even though cryptocurrency payments have been increasing in the […]

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Traders buy the Bitcoin dip even as Evergrande's implosion rocks stock markets

Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets

Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s market open.  Despite the price move, the BTC outflow (net withdrawals) from exchanges has […]

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Solana Developers Can Now Use Chainlink’s DeFi Price Feeds

Solana Blames ‘Denial of Service Attack’ for Last Week’s Downtime

In brief Solana has released an initial postmortem about last week’s network outage. The Solana Foundation said that a flood of transactions caused by bots was “in effect, a denial of service attack.” Following weeks of upward momentum, during which time the price of its coin multiplied more than five times in value, Solana hit […]

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Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K

Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K

The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets.  Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in Bitcoin […]

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Ethereum NFT Sales Yield Over $650K for Journalistic Causes

Ethereum NFT Sales Yield Over $650K for Journalistic Causes

In brief Fortune magazine and NFT artist pplpleasr donated over $650,000 worth of ETH, spread evenly between four journalistic organizations. The funds were raised as part of an auction of Fortune NFT magazine covers in August, which generated over $1.3 million in ETH. Popular NFT artist pplpleasr and business publication Fortune ran a unique experiment last […]

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crypto weekly market analysis

Bitcoin Holders Take Profits, Indicators Remain Bullish?

Without consensus on its implications, the Evergrande potential default has impacted the traditional market, and Bitcoin. The first cryptocurrency by market cap started the week with a correction with risk to trend further down. At the time of writing, Bitcoin trades at $43,462 with a 9.1% and 6% loss in the daily and weekly chart, […]

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Institutional investors increase their crypto holdings for 5th straight week

Institutional investors increase their crypto holdings for 5th straight week

Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins.  Investment flows into crypto products totaled $42 million in the week ended Sept. 19, with Bitcoin funds seeing inflows of $15 million, according to digital asset […]

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Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis

Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis

Data from blockchain analytics firm Chainalysis suggests that Bitcoin (BTC) may not be the hedge against inflation that many seem to believe it is. “Right now, we can’t show a statistically significant correlation between inflation in the US and Bitcoin prices, but we know anecdotally that many people invest in Bitcoin as a hedge against inflation,” Chainalysis’ head […]

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