Bitcoin has been on a downtrend for more than five days. The latest dip saw the apex coin lose more than 7% in less than 22 hours. The dip which was a result of Luna Foundation selling off $1.5 billio...
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Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg
The Luna Foundation Guard (LFG) said Monday that it will lend out hundreds of millions of dollars worth of bitcoin and the stablecoin UST in order to defend the latter’s peg amid a period of mar...
BTC Drops Dead to $30K, Tend to Drop More!
BTC suffers for the fourth day straight. Drops down dead completely at $30K. Further downward trend high. The king of cryptos, the Bitcoin (BTC) yet suffers the same fate four days in a row, straigh...
Luna Foundation Guard Prepares $1,500,000,000 in Bitcoin (BTC) and TerraUSD (UST) To Protect Stablecoin Peg
As TerraUSD (UST) plummets in value, the Luna Foundation Guard says it’s preparing $1.5 billion in Bitcoin and UST to address market concerns about the stablecoin. UST, a stablecoin designed to be peg...
Bitcoin’s defining week: Will it side with the bulls or usher in more downside
Bitcoin’s price action has been quite a roller coaster especially in the last week or so, during which it turned heavily bearish. However, it is currently in a critical position that might determine w...
El Salvador Doubles Down, Buys 500 BTC Amid Dip
El Salvador President Nayib Bukele declared the country’s largest Bitcoin purchase to date in the middle of a terrible cryptocurrency market fall. He announced it in a tweet on Monday, saying, “El Sal...
El Salvador ‘Buys The Bitcoin Dip’, Splashes Over $15 Million On Fresh BTC Purchase ⋆ ZyCrypto
Advertisement     El Salvador puts its foot on the pedal to increase the size of its BTC holdings. The latest acquisition means the country has purch...
Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT
BTC and many altcoins are fast approaching the “capitulation phase,” which is typically followed by the market finding a bottom. Global equity markets extended their decline on May 9 and the S&P 5...
Bitcoin Slumps to 3-Months Low below $30K, Bearish Shockwaves Engulfs the Market
Bitcoin (BTC) slumped to its 3-month low on Monday Asia Trading Section as investors panic sold on a sustained bearish dump-off that characterised the digital currency ecosystem over the weekend. The ...
Bitcoin, Binance Coin, Zcash, and Waves Daily Price Analyses – 9 May Roundup
The global crypto market is going through the worst recession of the year as Bitcoin value has regressed to the lowest, i.e., $30K. The decline continues unaffected by any positive change as the beari...
It’s Now Less Profitable to Mine Than to Buy Bitcoin
Arman Shirinyan Bitcoin profitability for miners plunges massively after five weeks of losses Contents What happens next? Effect on the market Following the tumbling of the cryptocurrency market, Bitc...
Bitcoin at the lows of 2022
Today the price of Bitcoin marked new lows, touching the lowest level in the last three months. New lows for the price of Bitcoin New lows for the price of Bitcoin since the beginning of 2022 BTC fel...
Japanese Second-Hand Car Export Company SBI Enables BTC and XRP Support
The decision to add XRP to SBI’s payment options comes as no surprise given that the two companies are on a joint venture to promote the use of XRP in Asia. A used car exporting company in Japan has s...
Bitcoin Just Dropped Below $30,000—What Drove This Latest Decline?
Bitcoin prices plunged below the $30,000 level today. getty Bitcoin prices have suffered some heavy losses lately, falling to less than $30,000 during a day where risk assets experienced a broad sell-...
El Salvador Buys Another 500 Bitcoin Amid Market Pullback
El Salvador president Nayib Bukele has announced another Bitcoin purchase amid the current crypto market turmoil. Over Twitter, Bukele claimed to have bought exactly 500 Bitcoin for an average of $30,...
Crypto Assets Such As Bitcoin Have an Enormous Ecological Footprint, Asserts ECB’s Top Exec ⋆ ZyCrypto
Advertisement     The European Central bank has restated its disdain for Bitcoin and other proof-of-work mining consensus networks, insisting that the crypto mining se...
UST peg protection on as Luna deploys $1.5b loan in BTC
Luna Foundation Guard will loan $1.5 billion in Bitcoin and UST to proficient market producers It will take UST back to equality with the dollar as it fell on the previous day A few key industry fig...
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 cryptocu...
El Salvador buys 500 as Bitcoin price plunge towards $30,000
President Nayib Bukele’s El Salvador government has again invested in 500 more Bitcoin as the price of the number one crypto asset continues to spiral down to $30,000. The president of the Central Ame...
Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside
Bitcoin exchange inflows have been on the rise recently. Although there was a period where it had tapered off, it had continued to rise once more. The culmination of this has been a massive inflow int...
Bitcoin Whales Shrinking the Fear and Greed Index in Extreme Fear
Whales holding should have at least 1,000 coins and exchange inflows over 1.7 million. The Fear & Greed Index dropped from 18 to 11 points. On Sunday in a row Bitcoin (BTC) sank for the fourth con...
Bitcoin and Ethereum Down Over 50% From All-Time Highs
Having spent the last five weeks in decline, the industry’s largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, are currently down roughly 50% from their all-time highs posted dur...
BTC/USD Probing 2022 Lows: Sally Ho’s Technical Analysis 10 May 2022 BTC
Bitcoin (BTC/USD) encountered additional downward pressure early in the Asian session as the pair recently traded as low as the 32635 area, representing a test of the 61.8% retracement of the apprecia...
Bitcoin Mixer obfuscates the data linking users to Bitcoin transfers
The advent of Bitcoin and other cryptocurrencies is certainly one of the biggest inventions of our generation. Unlike fiat or paper-based money, Bitcoin is unregulated, decentralized, and operates wit...
Terra’s LFG To Loan 750M UST To Accumulate Bitcoin As Crypto Market Loses Over $170 Billion In A Day ⋆ ZyCrypto
Advertisement     The Luna Foundation Guard (LFG) announced today that it would be deploying $1.5 billion in capital aimed at protecting Terra’s UST reserves even as t...
Ethereum Miners Surpass Bitcoin Miner Revenue By $224M
After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue ...
Bitcoin energy utilizations story irks many
Bitcoin’s standard standing has gone from idiosyncratic web cash to unjustifiable speculative venture It is also a definitive store of significant value for many investors Bitcoin’s energy utilizati...
Stablecoin CRASH! Terra UST crashes amid Bitcoin Bear, what happened?
The Terra foundation had a successful launch of its stabelcoin UST. However, when the crypto market started to crash, Terra entered hot waters as UST loses its peg and slips to a current price of $0.8...
Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a coordi...
Bitcoin crypto embraced by institutions; reporting lags behind
Bitcoin and other cryptocurrencies have begun the discussion to accept it quickly Around the idea of blockchain and crypto for organizations the most recent quarters The number of associations embrac...