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The crypto currency market liquidated over $345 million from trading positions in the last 24 hours. Surprisingly, $100 million were from “other” crypto currencies outside of the top 50 by market cap. Finbold retrieved this information from CoinGlass on June 8, following a massive crash that speculators believe happened after macroeconomic data. In particular, long-position traders exposed to “other” cryptocurrencies had the vast majority of losses, with $103.82 million in liquidations. Short-sellers of these low-cap coins lost only $6.09 million, totaling $109.91 million lost capital in 24 hours. Picks for you 2 cryptocurrencies to reach $25 billion market cap in the second half of the year 1 hour ago Crypto in...

The general cryptocurrency market is predominantly trading in the green zone, led by Bitcoin (BTC), which has hit a new all-time high, while altcoins are also rallying. Looking ahead, the majority of market consensus posits that the bull run is likely to continue throughout 2024, supported by factors such as the upcoming Bitcoin halving and the potential rollout of a spot Ethereum exchange-traded fund (ETF). These elements are likely to trigger a capital inflow into the market , with several assets positioned to potentially record significant growth in their capitalization multiple times over. Picks for you Short squeeze alert: 2 cryptocurrencies with pump potential next week 15 mins ago Ripple dumps 240M XRP from March unlock; What’s next? 17 hours ago 3 cryptocurrencies to avoid trading next week 20 hours ago Massive sell-off alert: Arbitrum to unlock $2 billion worth of ARB 22 hours ago In this regard, Finbold has identified the following th...

Cryptocurrency traders often navigate price trends, launching into short positions during bearish phases and long positions amid bull rallies. This behavior sets the stage for profitable long or short squeeze s, masterminded by whales and market makers. When initiating short positions, traders essentially bet on the cryptocurrency‘s value dropping through a collateral deposit and a liquidation price above the current exchange rate. However, if the asset’s price surges, reaching this liquidation point, it can forcibly close the traders’ positions. This event, known as a short squeeze , involves a cascade of closures, pushing the price higher and clearing the liquidity pools. Picked for you 3 meme coins to outperform SHIB in 2024 38 mins ago Polygon teams up to launch palm recognition Proof of Humanity protocol 3 hours ago Machine learning algorithm predicts Bitcoin price on March 1, 2024 3 hours ago Binance suspends Monero withdrawals a day befo...

The cryptocurrency market slightly recovered on January 26 after two weeks of poor performance following the Bitcoin spot ETF approval. Amid signs of hope for crypto investors, technical and fundamental analyses suggest speculators should avoid trading four cryptocurrencies next week. Essentially, the following cryptocurrencies are currently riskier bets than other projects. In this context, avoid ing trading riskier projects helps protect investors in an already uncertain and highly volatile market. Traders interested in these cryptocurrencies can wait for better opportunities in a clearer scenario. Particularly, Finbold spotted UMA (UMA), Dusk (DUSK), Terra Classic (LUNC), and Terra (LUNA) as cryptocurrencies to avoid trading next week. UMA (UMA) Cryptocurrency Bitcoin (BTC) halving predicted to double gains for this altcoin Cryptocurrency 3 cryptocurrencies under $0.10 to buy next week Cryptocurrency IOTA price predict...

“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote. United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19. According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users must either migrate their accounts to Blockchain.com or close them. In addition, customers residing in Hawaii, Louisiana, New Jersey, Nevada, Tennessee, Texas or Virginia must liquidate certain altcoins unsupported on Blockchain.com prior to account transfers. New York clients of SoFi crypto must close their accounts by January 2024 due to the unavailability of Blockchain.com in the state. The company did not state a reason for ending its crypto services . However, reports have suggested that the sector is facing wider scrutiny from banking regulators. The decision to end SoFi’s crypto currency accounts does not impact oth...

The co-founders of crypto media Bankless are seeking to separate their brand from BanklessDAO some two years after the launch of DAO. Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X (formerly Twitter) on Nov. 26 to announce that they also plan to burn all of their BanklessDAO (BANK) tokens on the back of this proposal. Hello CT To lead with the obvious, we could be better in accepting criticism of @BanklessHQ. I hold Bankless very dear, and I've got an innate reflex to protect it when I see it being unfairly attacked. This clouds my ability to hear what CT is trying to tell me,… pic.twitter.com/7L5ufQ1bAu — DavidHoffman.eth (@TrustlessState) Novem...

In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. He proposed that Bitcoin (BTC) will likely mirror the rise in dollar liquidity, anticipating a positive trajectory in its price. The displayed chart illustrated the net variations in RRP and TGA balances, indicating a possible link between heightened liquidity and the positive movement of Bitcoin. Getting my feet did and observing how Bad Gurl Yellen is busy pumping financial assets. Don’t get dis...

Bitcoin dominance is a largely redundant metric — if you believe BTC and crypto "altcoins" should be in the same category at all that is. Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%.  Bitcoin dominance. Source: Coinmarketcap.com However, a closer analysis suggests that the concept of "Bitcoin dominance" might not be as informative as it seems, especially when considering the broader dynamics of the cryptocurrency market. Dominance: A misleading BTC indicator? The term "Bitcoin dominance " refers to BTC's share of the total market capitalization of all cryptocurrencies. While on the surface, it seems to reflect Bitcoin's market strength, this metric largely represents the trading activity between Bitcoin and Ether (ETH), the second-biggest cryptocurrency and the largest altcoin by market cap.  This dynamic can distort the perc...

In a LinkedIn job posting the London Stock Exchange Group says it's seeking a digital assets lead with a “passion” for digital assets, crypto and blockchain. The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it's seeking a director of digital asset s.  LSEG says it is looking for candidates who have a “passion for and understanding of digital asset s, cryptocurrencies and distributed ledger technology,” among other skills and requirements. According to the posting the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well as developing LSEG’s brand and ecosystem in digital private markets.” A representative from LSEG told Cointelegraph that it could not provide any further details on the development at the time.  Related: London Stock Exchange Group may provid...

Many crypto currencies surged for extraordinary gains in the last seven days. Market indicators suggest potential downturns and disparate price fluctuations for three particular crypto currencies that crypto traders should avoid buying next week. Cryptocurrency markets demonstrate high volatility and operate in alternate trends. Therefore, investors must remain cautious with coins that have already accrued meaningful gains. In this context, Finbold turned to the Relative Strength Index (RSI) heatmap on CoinGlass to identify digital assets that might be overbought or trading at a premium. We retrieved this data on October 27, looking to a 1-week time frame RSI. Particularly, Injective Protocol (INJ), Bluzelle (BLZ), and Unifi Protocol DAO (UNFI) stand out as projects that should be avoid ed next week, according to elevated RSI points in the ‘Overbought’ heat zone. Crypto market RSI heatmap – Filtered by overbought in 1-week. Source: CoinGlass Injective Protocol (INJ) ...

Venture capitalists are doing fewer deals and the average deal size is getting much smaller, according to researchers. Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing cryptocurrency bear market . According to an October 5 report by blockchain analytics firm Messari, a total of $2.1 billion across 297 deals were raised by crypto startups in Q3 2023, down 36% from the previous quarter and nearly 70% from Q3 2022. Seed funding accounted for the largest fundraising category, with $488 million raised over 98 deals. "Trends in deal counts show a significant shift away from later-stage projects and into early-stage projects over the last three years," researchers wrote. Less than 1.4% of deals involved companies at the Series B round or later. Crypto VC funding has been on a decline since Q2 2022 Meanwhile, strategic financing rounds rose sharply from 0.2% of total deal share in Q4 2021 to over 22% as of now. The highest private equity r...

Although the cryptocurrency market is full of assets of various shapes and sizes, with different utilities and investor appeal, not all of them present an equally good opportunity to invest at all times. In fact, some might be wise to outright avoid trading, at least for the time being. Relying on indicators such as cryptocurrency ratings, price history, and recent developments around specific crypto assets, Finbold has arrived at the list of three such market participants that might be a good idea to avoid during the week starting May 22. Kusama (KSM) A regular sight in the ‘avoid for now’ lists, Kusama (KSM) has slightly improved its adoption and technological development compared to April, but it still remains ‘very weak’ in this department, earning it an ‘E’ grade from the Weiss Crypto Ratings as of May 19. Despite gaining 3.33% in its price in the last seven days, the pre-production blockchain version of the Polkadot (DOT) ecosystem has continued on its downward path, which ...

Network, futures and user data all point toward Ethereum potentially charting a new course. Ether (ETH) price has been dealing with some strong headwinds and on Sept. 11, the price of the altcoin endured a critical test when it plunged to the $1,530 support level. In the days that followed, Ether managed to stage an impressive recovery, by surging by 6%. This resurgence may signal a pivotal moment, following a month that had seen ETH endure losses of 16%.  Even with the somewhat swift recovery, Ether’s price performance raises questions among investors about whether it has the potential to climb back to $1,850, and ETH derivatives and network activity might hold the key to this puzzle. Ether/USD price index, 1-day. Source: TradingView Macroeconomic factors have played a significant role in mitigating investor pessimism given that inflation in the United States accelerated for the second consecutive month, reaching 3.7% according to the most recent CPI report. Such data reinforces t...

The popularity of liquid staking tokens could usher in a new age for Ethereum and the rest of cryptocurrency — and play a key role in the new bull market. Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge. While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become clear to liquidity providers (LPs), toppling ETH from its throne and ushering in a new era of LST domination. Since the Merge, ETH can now be staked to produce a roughly 4% annual yield, depending on factors of network activity, total ETH staked, number of validators and the value captured by maximum extractable value. This development is significant because of the nature of ETH as a generally stable asset. Many cryptocurrencies are more volatile, so owners have to consider both yield and whether the pri...