Bitcoin (BTC) briefly broke above $32,000 on May 31, but the excitement lasted less than four hours after the resistance level proved to be tougher than expected. The $32,300 level represented a 20% increase from the May 12 swing low at $27,000 and it provided the necessary hope for bulls to buy some $34,000 and higher call options. The fleeting optimism reverted to a sellersโ market on June 1 after BTC dumped 7.6% in less than six hours and pinned the price below $30,000. The negative move coincided with the…
Day: June 9, 2022
THE JAMETERS MULAI TERUSIK!? LAGU MINING IS LIFE SUDAH RILIS DI SANS!!ใSANS SMP S4ใ
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XTZ and LINK Surge to 1-Month Highs on Thursday โ Market Updates Bitcoin News
Despite the crypto market trading lower today, Tezos and LINK both rose to one-month highs on Thursday. XTZ was up by 8.5% during todayโs session, whilst LINK rose by nearly 9% in the day. Overall, the global crypto market cap is down 0.55% as of writing. Chainlink (LINK) LINK continued its recent run on Thursday, as prices rose by almost 9% during todayโs trading session. Following a low of $8.49 on Wednesday, LINK/USD rallied to an intraday peak of $9.46 on Thursday, cementing a four-week high. Todayโs peak saw prices…
Virtu Sees Crypto Market-Making Opportunity, Has Little Confidence in Incumbents, CEO Says
Citadel Securities approached New York-based Virtu, a high-frequency trading and market-making firm, on creating a crypto marketplace, according to Cifu. He sees room to collaborate in creating a platform that can scale, and one in which institutions have trust and want to participate should interest in crypto grow. Source
CFTC Chair Behnam Sees a Crypto Movement Brewing in Washington
โItโs just a positive momentum, I think, for the technology, for the industry, for the economy,โ Behnam said at CoinDeskโs Consensus 2022 in Austin, Texas, Thursday. โThere are unique coalitions getting together on this issue, which is very rare in Washington.โ Source
Jay-Z, Jack Dorsey Unveil โBitcoin Academyโ for Brooklyn Public Housing Residents
The two entrepreneurs are teaming up to offer Bitcoin-focused financial literacy courses beginning this summer for children, teens and adult residents of the Marcy Houses. Original
Despite what you heard, NFT market is far from dead: DappRadar
The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesnโt mean the industry is dead โ far from it, actually.ย NFT sales volumes came in at a healthy $3.7 billion in May, according to DappRadarโs latest Industry Report, which was released on Wednesday. While volumes were down 20% compared with April, industry activity remains robust considering that crypto assets as a whole are in a bear market. DappRadar also highlighted the fact that marketplace volumes arenโt down nearly as much when measured in their native…
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LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated
Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions. LUNA2 traders are shorting it In detail, LUNA2’s price soared from $2 to as high as $3.58. The volatile intraday move coincided with the liquidation of nearly $4 million worth of LUNA2 trades on Binance and Bybit, including $2.46 million worth of short positions, data from Coinglass shows. Total LUNA2 liquidations. Source: Coinglass.com Interestingly, LUNA2’s funding…
Terraform Labs Loses US Appeal Over SEC Subpoena
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