Crypto market news 7/8: Top cryptocurrency prices jump; Bitcoin, ETH, Matic, XRP, SHIB, AVAX gain upto 13%

Crypto market news 7/8: Top cryptocurrency prices jump; Bitcoin, ETH, Matic, XRP, SHIB, AVAX gain upto 13%

Top 10 cryptocurrency prices today (8 July): Bullish sentiments continued for the second consecutive day in crypto markets as prices of top coins recorded big gains in recent times. In the last 24 hours, the global cryptocurrency market cap jumped nearly 6% to $972 billion over the day while Bitcoin traded above $22,000 after several days, according to CoinMarketCap data at the time of writing…

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Crypto Crash Latest News 6/22: How Bitcoin, Ethereum, Solana and other top cryptocurrency prices changed today

Crypto Crash Latest News 6/22: How Bitcoin, Ethereum, Solana and other top cryptocurrency prices changed today

Crypto Crash Latest News (June 22): Tracking gains in the US equity markets, most of the crypto prices increased in the past 24 hours. However, crypto markets have failed to maintain their momentum. In the last 24 hours, the global cryptocurrency market cap decreased by more than 1 percent to $903 billion over the last day, according to CoinMarketCap data at the time of writing (11.05 am, India…

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Bitcoin briefly dropped below $17,800 as sell-off accelerates

New Post has been published on https://www.timesofocean.com/bitcoin-briefly-dropped-below-17800-as-sell-off-accelerates/

Bitcoin briefly dropped below $17,800 as sell-off accelerates

New York (The Times Groupe)- Bitcoin sank to about $17,800 and ether to about $18539 on Saturday afternoon at around 4:15 E.T., as the crypto sell-off accelerated. As both cryptocurrency prices breach symbolic price barriers, the world’s two most popular cryptocurrencies are down more than 35% in the past week.

Bitcoin bounced back to around $18539 and ether was trading at about $995 just after 8 p.m. ET.

Several macroeconomic factors have contributed to the carnage in the crypto market, including spiraling inflation and a succession of Fed rate hikes. Blue chip cryptos have also tracked equities lower. It does not help that crypto firms are laying off large swaths of employees, and some of the biggest names in the industry are facing solvency meltdowns.

Bitcoin peaked in November at $68,789.63. Ethereum peaked at $4,891.70 that same month. Bitcoin last traded at this low around December 2020.

Bitcoin dropped as much as 17% at one point in the day as crypto prices plummeted. We were experiencing a crypto winter.

Celsius, a major crypto staking and lending platform, shocked the market when it announced all withdrawals, swaps and transfers between accounts were paused due to “extreme market conditions.” In a memo to its Community, Celsius said the decision was designed to “stabilize liquidity and operations.”.”

With $12 billion in crypto assets under management, Celsius effectively locked up its solvency. The news sent ripples through the crypto industry, reminding some of what happened in May, when a failed dollar-pegged stablecoin project lost $60 billion in value and pulled the wider crypto market down with it.

Users of Celsius could earn up to 18.63% on their deposits. It’s like a bank’s product without any of the regulatory safeguards.

The crazy yields were eventually questioned.

“This risk certainly seems as if it is just the beginning,” said John Todaro, Needham’s vice president of crypto assets and blockchain research.

“On the decentralized side, a lot of these DeFi protocols, a lot of those positions are overcollateralized, so you should not see the underfunding situation that could occur with centralized borrowers and lenders. Despite that, you could still see a lot of liquidations of collateral on DeFi protocols,” concluded Todaro. cryptocurrency price

The market is seeing a sharp drop after a progression of minor lows which is a long way from the real world, driven by crusades like Binance that control market costs : Trusted Cryptocurrency News : read more........

https://mdcharji.com/trusted-cryptocurrency-news/

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Crypto Crash News Update July 2: Bitcoin, Ethereum, Cardano, BNB, SOL, XRP to Matic - top cryptocurrency prices fall

Crypto Crash News Update July 2: Bitcoin, Ethereum, Cardano, BNB, SOL, XRP to Matic – top cryptocurrency prices fall

Crypto Crash News today (July 2): The global cryptocurrency market cap fell to $865 billion, decreasing 0.6 per cent over the day while Bitcoin traded near $19,000 in the last 24 hours. Prices of most of the top cryptos have also further dropped, according to CoinMarketCap data at the time of writing (1.02 pm, India time). The global crypto market volume over the last 24 hours decreased 20 per…

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