The U.S. crypto exchange’s trading volumes declined from $547 billion in the previous quarter to $309 billion. Source
Coinbase's Q1 Revenue Misses Estimate as Trading Volume Drops
Day: May 10, 2022
Coinbase Q1 Revenue Misses Estimate, Trading Volumes Fall From Previous Quarter
CryptoX – Cryptocurrency Analysis and News Portal U.S. crypto exchange Coinbase posted trading volumes of $TK billion. Source The post Coinbase Q1 Revenue Misses Estimate, Trading Volumes Fall From Previous Quarter appeared first on CryptoX. CryptoX Portal
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Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip
The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout, which saw Bitcoin (BTC) briefly dip to $29,730. Market downturns typically translate to heavier losses in altcoins due to a variety of factors, including thinly traded assets and low liquidity, but this also translates into larger bounces once a recovery ensues. Daily cryptocurrency market performance. Source: Coin360 Several projects notched double-digit gains on May 10, including a 15.75%…
Crypto Downturn Shakes Digital Collectible Markets as NFT Sales Slip 42% Lower Than Last Week – Markets and Prices Bitcoin News
Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower than the previous week. NFT sales on Ethereum were hit the hardest as the blockchain saw a 44.83% loss in NFT sales volume this past week. Crypto Economy’s Downward Spiral Begins to Plague NFT Sales NFT sales are down this week as seven-day sales metrics show across 16 different blockchains, NFT sales slipped 42.85% lower than last…
Michael Saylor assuages investors after market slumps hurts MSTR, BTC
MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans. The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision to convert its treasury reserve into BTC holdings. Global markets have suffered major losses in early May and Microstrategy’s stock has not been spared. MSTR has seen its value drop by 24% and the value of Bitcoin has also…
How To Transfer From Cash App To Coinbase – How To Send Transfer Crypto Bitcoin Cash App Coinbase
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Bitcoin Long-Term Holders Start Capitulating Amid Panic
On-chain data suggests Bitcoin long-term holders have started to capitulate recently as the sharp price drop causes panic in the market. Bitcoin CDD Inflow Indicator Jumps Up, Showing Long-Term Holders Have Been Selling As pointed out by a CryptoQuant post, the recent price drop has pushed long-term holders towards selling their BTC. “Coin days” are the number of days a Bitcoin has remained dormant for. An example: if 1 BTC doesn’t move for 5 days, it accumulates 5 coin days. When such a coin would be transferred or moved, its…
Michael Saylor: MicroStrategy Could Post Some Other Collateral for its Loan Besides its 115k BTC, if Bitcoin Drops below $3,562
Quick take: Michael Saylor has clarified that MicroStrategy can collateralize its $205 million loan from SilverGate bank with its 115,109 Bitcoin holdings He also added that Microstrategy could post ‘some other type’ of collateral if Bitcoin fell below $3,562 There have been a lot of murmurs about Microstrategy getting a margin call on its loan if Bitcoin fell below $21k Mr. Saylor had joked about working for McDonald’s as Bitcoin crashed below $32k and $30k Microstrategy’s CEO, Michael Saylor, has clarified via Twitter that the company’s $205 million loan from…
The Fed cites worries about stablecoin in its latest Financial Stability Report
The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to the volatility on commodities markets brought on by the Russian invasion of Ukraine, the spread of the omicron variant of COVID-19 and “higher and more persistent than expected” inflation as sources of instability. Stablecoins and some types of money market funds were singled out in the report and noted to be prone to runs. According to the Fed, stablecoins have an aggregate value of $180 billion, with 80% of that amount represented…