Data from CryptoRank, which tracks the fund’s portfolios and known holdings shows that while major funds like Delphi Digital, Polychain or Animoca are down an eye-watering 80%, 64%, and 81%, over the course of the last 365 days, they are still well into the green during the last three years. Original
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front of the Senate Banking Committee later in the day. Ethereum was also largely unchanged, as it traded close to a support point. Bitcoin Bitcoin (BTC) continued to trade sideways on Tuesday, as market uncertainty remained high ahead of Fed Chair Powell’s testimony. Many believe that Powell will give some forward guidance into the Federal Reserve’s current thinking, and how…
Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take. The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%. However, the bullish sentiment of the equities markets has not rubbed off on the cryptocurrency markets which continue to underperform. Bitcoin’s (BTC)…
The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. Ether volume profile drops 90% since March 2020 A “volume profile” indicator displays trading activity across prices, with the blue indicating buying volume and the yellow indicating sell volume. Illustration of a volume profile bar. Source: TradingView In March 2020, when the market bottomed, Ether’s volume profile on a weekly chart showed about 160 million…
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin Bitcoin (BTC) started the week in consolidation, ahead of a key week of economic data from the United States. Following a high of $22,497.00 on Sunday, BTC/USD slipped to an intraday low of $22,331.31 earlier in the session. As a result of…
The governance token of MakerDAO, MKR, topped gains last week, trackers on Mar. 5 show. MakerDAO leads weekly gains MKR roared roughly 27% in seven days ending Mar. 5, pushing its market cap to over $942m. At this level, MKR outperforms the broader crypto market, including bitcoin (BTC) and ethereum (ETH). Top weekly performers: CoinMarketCap As an illustration, BTC and ETH are down 4.5% and 3.5%, respectively, in the past week of trading. As of writing, MKR is changing hands at $963, up about 9 percent in the past 24…
On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin. Voyager Digital is selling tokens Per onchain data on Mar. 4, Voyager Digital remains one of the largest crypto whales. The broker holds 148,774 ETH worth over $233.5m, 5.17t SHIB, worth $57.78m, 1.44m LINK estimated at $10m, and other tokens and coins, including avalanche (AVAX) and STMX. The liquidation comes when ETH prices are under pressure, sliding from recent highs…
ETH Denver kicked off Feb. 24 and continues attracting traction with quality talks and discourses about the crypto space. ETH Denver 2023 background The blockchain landscape hosts a couple of events every year to explore the problems and growth of the industry. One of the most significant events is the ETH Denver in Denver, Colorado. This year’s ETH Denver event began on Feb. 24 and will continue towards March 5. While the event took off a couple of days ago, reports indicate that the main events and talks occur between…
On Friday, Gitcoin community members passed a governance proposal with almost unanimous support to formalize a relationship with the index provider Index Cooperative, and transfer 100 ether (ETH) worth $164,600 into two liquidity pools meant to “ensure deeper liquidity and reduce swapping fees for moving into gtcETH,” according to a snapshot. Source
Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Bitcoin (BTC) is leading the cryptocurrency markets lower and the matter is being exacerbated by Silvergate Banks’ ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their…