Veteran trader Peter Brandt says that Bitcoin (BTC) could be on the verge of ending the downward trend that started nearly a year ago. Brandt tells his 641,400 Twitter followers the sharp rise in Bitc...
Tag: Meltdown
LUNA meltdown sparks theories and told-you-sos from crypto community
No matter how hard your day is going, spare a thought for LUNA investors Wednesday. Do Kwon, CEO of Terraform Labs and 18th on Cointelegraph’s Top 100, has lost billions of dollars for their inv...
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stab...
Crypto Twitter Reacts to UST Collapse and Market Meltdown
Crypto Twitter was already operating on all cylinders yesterday, as Bitcoin and other top cryptocurrencies plummeted toward lows not seen in over a year. Then Terra’s stablecoin, UST, fell off a cliff...
What Terra’s Meltdown Means for Centralized Stablecoins Tether and USDC
As the market panics over the implications of Terra’s UST losing its dollar peg, questions have been raised about its asset-backed stablecoin competitors, Tether and USD Coin. Tether (USDT) and USD C...
Binance Halts Terra Withdrawals Amid UST Meltdown
Key Takeaways Binance has halted LUNA and UST withdrawals, citing “high volume of pending withdrawal transactions.” UST spiralled as low as $0.62 on Binance early Tuesday, while LUNA crash...
USD/CNY forecast as the Chinese yuan meltdown continues
The Chinese yuan is going through its worst devaluation since 2018 as signs of economic slowdown emerge. The USD/CNY has risen in the past five straight weeks and is currently trading at the highest l...
This trader predicted the bond meltdown, tech selloff and oil’s surge. Here’s what she says is coming next.
Fade the Fed anyone? Stocks are headed south, following a big Wall Street rally stemming from perceptions Federal Reserve Chair Jerome Powell and co. may be less hawkish than markets think. A short-li...
China Is Running Out of Ways to Stem Self-Made Market Meltdown
(Bloomberg) — China looks increasingly left to its own devices in a bid to rescue its economy and markets from the Covid crisis as the rest of the world withdraws stimulus to battle surging infl...
Decentraland Price Today: Will This Support Confluence Prevent MANA From Further Meltdown?
Decentraland (MANA) price has been resonating inside a symmetrical triangle for the past several weeks. The weekly chart shows four consecutive red candles, which plunged the altcoin to the support tr...
Is Russia facing a financial meltdown? This recent ban reveals…
After many Russian banks were barred from the SWIFT system amid the Ukraine conflict, Moscow has been facing a financial meltdown. But, since then, the general assumption was that crypto will come to ...
Wild Fears About Chernobyl-Style Nuclear Meltdown Send Bitcoin Lower Overnight
Nuclear power station during a sunset getty Bitcoin extended its losses through the second half of the week, testing a floor of $40,000 earlier today before rebounding slightly. The drawdown stems fro...
U.S. Senator Ted Cruz Bought As Much As $50,000 Bitcoin During The Latest Crypto Market Meltdown ⋆ ZyCrypto
Advertisement     Rafael ‘Ted’ Cruz (R-TX) added more bitcoin to his personal portfolio during the recent price carnage. A new financial disclosure with the U.S. Senat...
Frogs in Meltdown as Wonderland Turns to Black Forest
Key Takeaways Daniele Sestagalli’s Wonderland.Money project has suffered a major liquidation cascade. TIME is currently trading 95% below its all-time highs, down from $10,000 to $500. On the ot...
How Crypto Twitter Is Coping With the Latest Bitcoin Meltdown
Sometimes, you just have to laugh so you don’t start crying. Or tweet so you don’t keep refreshing the screen on your dwindling crypto portfolio. In just 24 hours, the price of Bitcoin and...