Day: May 26, 2022

Spooky Solana breakdown begins with SOL price facing a potential 45% drop โ€” Here’s why

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Solana (SOL) dropped on May 26, continuing its decline from the previous day amid a broader retreat across the crypto market. SOL price pennant breakdown underway SOL price fell by over 13% to around $41.60, its lowest level in almost two weeks. Notably, the SOL/USD pair also broke out of what appears to be like a “bear pennant,” a classic technical pattern whose occurrences typically precede additional downside moves in a market. In detail, bear pennants appear when the price trades inside a range defined by a falling trendline resistance…

VOLATILITY EXPECTED for Bitcoin Price Chart, Altcoin Market and Assets as Rate Increase Arrives

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AVAX and ATOM Over 10% Lower on Thursday โ€“ Market Updates Bitcoin News

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AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of todayโ€™s biggest losers, as prices fell by over 10% on Thursday, pushing them to a two-week low. Following a low of $23.72 during Wednesdayโ€™s session, AVAX/USD climbed to a peak of $28.54 earlier in the day. Todayโ€™s drop saw AVAX…

Bitcoin ‘good to go up’ after BTC price hits lowest since Terra crash

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Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.ย  BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin volume surges with more expected Data from Cointelegraph Markets Pro and TradingViewย showed BTC/USD dropping to $28,000 on Bitstamp โ€” its lowest since May 12 and the Terra LUNA implosion.ย  Progress had already accelerated to the downside on the day, this culminating in a liquidity grab that sent 24-hour BTC liquidations to $117 million. BTC liquidations chart. Source: Coinglass A subsequent bounce…

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

Tether isnโ€™t the first to notice the Mexican remittance phenomenon, which previously caught the attention of large crypto players like Coinbase, Bitso, and Circle. Earlier this year, Coinbase (COIN) launched a cash-out service to convert local pesos to crypto at more than 37,000 physical retail outlets and convenience stores across the country. Source

Federal Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins

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ETHEREUM HOLDERS: GET READY (My Strategy Now)!! Ethereum Price Prediction, Ethereum News Today (ETH)

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CoinDesk Confidential: Alex Masmej

The Proust Questionnaire โ€“ an old-style magazine format popular in the French novelist’s day โ€“ asks a series of personal, philosophical and prosaic questions that, in theory, present a side of a person not often seen. Here, Alex Masmej, founder of social media platform Showtime, reveals something of his “true nature” and the crypto industry. Masmej is a speaker at CoinDesk’s Consensus festival. Source