More Than 253,000 Traders Liquidated As Crypto Bloodbath Continues

The crypto bloodbath has left thousands of traders in a bad way. A rapid decrease in price has seen more than 240,000 traders rekt in the span of 24 hours. As the downtrend continues, more investors are added to the long line of losers, most of which have been long traders. As it stands, there are now almost a billion dollars that have been liquidated in the market so far and this number continues to climb with bitcoin declining below $24,000. Over $940 Million In Crypto Liquidated Over the last…

Metaverse tokens up 400% year on year despite altcoin bloodbath

Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. Metaverse tokens can be used to pay fees, buy land, and participate in governance. The #NFT boom of 2021 has not only drawn mainstream attention to digital art investments, it has also popularized the crypto…

US$200 billion Cryptocurrency Bloodbath – SuperCryptoNews

According to data from CoinMarketCap, a whopping US$200 billion of market cap was wiped out in just 24 hours from digital assets. The cryptocurrency sector looks like it’s due for a bit of soul-searching and there are signs that the smart money has moved into a sector that at the very least has some provable use case – blockchain gaming. In what many have claimed was cryptocurrency’s Lehman moment, a whopping US$200 billion of market cap was wiped out in just 24 hours from digital assets, according to data from…

Bitcoin Bloodbath Awakens Sleepy Giant As Spot Volumes Surge

Data shows the Bitcoin carnage has awakened the dead trading volume that had persisted since many months now. Bitcoin Trading Volume Surges To Highest Value Since December As per the latest weekly report from Arcane Research, the latest bloodbath in the crypto market has awakened BTC’s spot trading volume. The “trading volume” is an indicator that measures the total amount of Bitcoin being moved on the chain on any given day. When the value of this metric rises, it means the market is becoming more active as investors trade larger…

El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath – Featured Bitcoin News

El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether. El Salvador Buys the Bitcoin Dip Amid a crypto bloodbath, El Salvador has bought the dip. The Salvadoran president, Nayib Bukele, announced Monday on Twitter that his country has purchased 500 more bitcoins. “El Salvador just bought the dip! 500 coins at an average USD price of ~$30,744,”…

Bitcoin Bloodbath Continues, Bears Grip Put in Extreme Fear Territory

To the sound of war drums between Russia and Ukraine, Bitcoin continued its downward spiral on Monday. Over the weekend, the digital currency par excellence lost crucial support below $40,000, and on Monday, it made a low below the next control zone at $37,000. Despite closing near $38,000, the crypto currency is swinging around the aforementioned crucial support, according to TradingView data, and threatens to extend its losses. Bitcoin’s price has dropped for six days in a row. Late last night, the pioneer fell to $36,545 — its lowest level…

Crypto Market Bloodbath Creates Largest Stretch Of Fear Since April Peak

As the downtrend in the crypto market continues, so does extreme fear. What’s inspiring the sell-off? Is it Omicron? Or is it Evergrande? Is it a conspiracy? Or is it the holidays? All those questions and more have had the Fear and Greed Index pointing left for a month straight. What does this mean? Where do we go from here? That’s what we’re here to explore.  Related Reading | Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives But first, let’s talk about the Fear and Greed Index.…

Yearn Finance (YFI) Climbs 16% Despite Crypto Bloodbath Elsewhere

Yearn Finance’s YFI rose by up to 16 percent in just two days of trading, even though its peers across the cryptocurrency market bled. The decentralized finance token formed an intraday high at $25,858 in the early trading session in London. At its weekly low, the YFI/USD exchange rate was as low as $17,605, according to data fetched from the Binance crypto exchange. Merger(s) The pair showed signs of recovering after Yearn Finance announced its merger with Pickle Finance, marking a one-of-its-kind partnership between two decentralized finance projects. Pickle Finance…

Yearn Finance (YFI) Slips Below $10K in DeFi Bloodbath; Breakout Ahead?

A splendid beginning for Yearn Finance in the third quarter is coming to an end with a brutal sell-off. The yield farming aggregator suffered a major blow this week as its governance token, YFI, plunged by 39 percent. In the last 24 hours alone, the cryptocurrency experienced a 10.35 percent price decline, a move that also saw it taking a brief dip below $10,000 – towards $9,600 – before recovering back above the five-figure valuation. But that did not take YFI out of its long-term downtrend. After topping out at…

Is UniSwap at risk after SUSHI and CRV price crash in DeFi bloodbath?

In recent months, the focus of the cryptocurrency markets has been on the Decentralized Finance or DeFi space and decentralized exchanges. One of the biggest decentralized exchanges is Uniswap, and its token UNI was recently listed on Coinbase Pro and Binance. The majority of the people have received free UNI tokens as they were airdropped. However, the massive hype surrounding Defi also caused several projects to drop massively in the previous weeks.  A few of those dropdowns are Sushiswap (SUSHI) and Curve DAO Token (CRV). These two coins have lost…