The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets like rookies at a balancing act. Stablecoin Watch: […] Source CryptoX Portal
Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve recently sold Bitcoin (BTC) may become more vocal on social media, promoting the idea of Bitcoin’s price falling in hopes of seeing the market move in their favor. “The whole point of you selling is…
Following the crypto market crash on October 10, a bearish sentiment has dominated, with on-chain data indicating a continued decline in digital asset prices. Bitcoin (BTC), for instance, is nearing one of its worst weekly performances of the year, having recorded a 6% drop over the past seven days. The leading cryptocurrency has fallen below the critical $100,000 mark for four consecutive days. If this downward trend persists and is confirmed in the coming days, it could exacerbate selling pressure and further instill fear in the market, potentially leading to…
Balancer suffered one of the largest decentralized finance (DeFi) exploits on Monday, with more than $116 million in staked Ether and liquidity pool tokens drained from Balancer v2 contracts and several forks. The decentralized exchange (DEX) and automated market maker (AMM) investigated what appeared to be faulty access control in its smart contracts, which allowed the attackers to withdraw funds directly from liquidity pools. The exploit began with a $70 million loss, which ballooned to $116 million, primarily affecting liquid staking assets such as Lido’s wstETH and StakeWise’s osETH. In…
Key Notes Eric Trump-backed firm expands Bitcoin treasury to 4,004 BTC through mining operations and market purchases. Bitcoin ETFs recorded $3.5 billion in outflows over six sessions as government shutdown impacts markets. Institutional investors like Strategy and Strive raise capital offerings despite correction, signaling long-term conviction. Eric Trump-backed American Bitcoin Corp. (Nasdaq: ABTC) has announced a purchase of approximately 139 Bitcoin BTC $101 198 24h volatility: 0.2% Market cap: $2.02 T Vol. 24h: $86.63 B , bringing its total holding above the 4,000 BTC mark. The purchase confirmation comes amid…
Key Notes Evernorth’s XRP stake has plunged by $78 million in unrealized losses. Strategy’s MSTR shares have also recorded a decline of 53%. BitMine has roughly $2.1 billion in unrealized losses, marking a wide trend. Blockchain analytics platform CryptoQuant noted that Evernorth’s XRP XRP $2.20 24h volatility: 1.4% Market cap: $132.48 B Vol. 24h: $5.00 B stake has incurred $78 million in unrealized losses. This comes less than 3 weeks after the company’s entry into the new niche. The prices of cryptocurrencies are falling, and this has clearly dragged crypto…
Bitcoin BTC $101 919 24h volatility: 1.0% Market cap: $2.03 T Vol. 24h: $70.57 B is trading below the $102K level, meaning it has lost nearly 1% over the last 24 hours. The total cryptocurrency market capitalization is also down by around 1%, currently standing at $3.7 trillion. What key events could influence the crypto market today, on Nov. 7? next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice.…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Santiment says online Ether chatter turned bullish, but the Crypto Fear & Greed Index tracking wider market sentiment remains at “Extreme Fear.” Ether traders on social media are more optimistic after the token’s price saw a slight bump on Thursday, even as the rest of the crypto market remained fearful amid a wider downturn. The uptick in bullish comments on social media was sparked after Ether (ETH) nearly reached $3,500 on Thursday, which traders interpreted as a positive sign that the token was back on track, market intelligence platform Santiment…
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