Latest News

Bitcoin dropped below the $17,000 level, while Ethereum traded below the $1,250 mark. Adding to the consumer woes, the volume of money in the crypto market is still small, indicating little money for digital assets. Apart from US dollar-pegged stablecoins, other major crypto tokens traded lower on Monday. Dogecoin fell around 9%, while XRP, Solana, Shiba Inu, Polkadot and Polygon fell 4% each. The global cryptocurrency market cap is about $840 billion, down 2% in the last 24 hours. Total business volume increased by more than 23% to $29.23 billion. Global updates The Lightning Network, Bitcoin Layer 2 scaling platform, has a privacy issue. Receiving payments, requesting refunds, and opening and closing payment channels all raise privacy concerns for payment network users. The Uniswap Foundation is putting to the vote a system of governance changes that it says will enable voting in an independent company that oversees Uniswap, one of the most popular places for crypto trading. Greyscale Investments, the manager of the largest bitcoin exchange listed in the world, said that the new decentralized currency (DeFi) has started trading in the retail market. Crypto.com released evidence of a database from the research firm Mazars Group that shows its clients assets are supported individually. Bitcoin is still in the range zone with high support levels of $16,000, $15,000 and $12,600. Any break above $18,000 could push the price to $19,000. In general, it is still in the trading zone between its support zone and its stop zone of $15,000 and $18,000, the expert said.

Cryptocurrency prices rose today, with the world most popular digital trade Bitcoin more than a percent higher at $17,207. The global cryptocurrency market value remained below the $1 trillion mark today, although it increased in the past 24 hours to $902 billion, according to data from CoinGecko. "During the weekend, Bitcoin changed hands between the levels of $ 16,900 and $ 17,300. This shows a strong fight between bulls and bears to gain power. Support for BTC is currently at the $16,000 level, where the bears may start operating. However, immediate buyer resistance is at $17,622 to reverse the bottom position. On the other hand, Ethereum is trading close to the $1,300 level, gaining more than 10% over the weekend. If the price is able to break above the current level, that will indicate weakness," said Edul Patel, CEO and co-founder of Mudrex, a global crypto investment platform. On the other hand, Ether, a coin linked to the Ethereum blockchain and the second-largest cryptocurrency, also gained more than 2% to $1,292. Meanwhile, the price of dogecoin is trading more than 2% higher today at $0.10 while Shiba Inu is higher than one percent at $0.000009. The current performance of other cryptocurrencies has also been promoted such as Binance USD, Avalanche, Tether, Terra, Solana, Polygon, ApeCoin, Litecoin, Stellar, XRP, Cardano, Uniswap, Polkadot, Chainlink trading price and profit n 24 hours ago Tron crashed. The crypto sector was worth almost $3 billion at the end of last year, before the market turmoil that caused interest rate hikes and several market crashes. The company is wiping out more than $2 trillion in value. Bitcoin, the largest token, was down three-quarters from an all-time high of $69,000. FTX filed for bankruptcy in November after a week that may have been linked to the collapse of crypto exchange Binance, Bankman-Fried accused of diverting customer funds to FTX trading affiliate Alameda Research, and the exchange saw political of about $6 billion in just 72 hours.

Cryptocurrencies fell slightly in Friday 24 hours as the market reacted to the Fed policy. The global crypto market capitalization stands at $850.3 billion, with volume approaching $42.8 billion in the past 24 hours. BitcoinThe world largest and most popular cryptocurrency, Bitcoin, fell 1.2% to $16,921.8. Its market value stands at $325.1 billion. The business value is $22.4 billion. The token has risen 2.3% in the past seven days. "When it fell in mid-November, the price of BTC is now in the vicinity of $ 17 000. However, BTC is trading below the first year of $ 17,500 hit in June. EthereumThe second largest currency, Ethereum or Ether, fell almost 1% to almost $1,274 with a market capitalization of $155.6 billion. Ethereum market cap is $6.6 billion in the last 24 hours. The show rose seven percent in one week. Dogecoin Meme virtual currency Dogecoin fell 5.2% on Friday. Its market value stands at $13.1 billion. The business value is $877.5 million. Solana Solana fell 3.3% to $13.4 on a market capitalization of $4.9 billion. Solana market capitalization was $4.9 billion in the last 24 hours. Shiba InusShiba Inu fell 1.2% from a market capitalization of $5 billion. The trading volume was $112 million in the last 24 hours. Polygon Polygon fell 1% to $0.9 with a market capitalization of $8 billion. The trading volume was $439.4 billion in the last 24 hours.

The price of the dogecoin cryptocurrency rose today as other digital tokens traded under pressure. Dogecoin rose more than 6% to $0.09 while major cryptos Bitcoin and Ether lost 2% and 4% respectively in the last 24 hours. Dogecoin has gained almost 25% in the past week, opening up a lot of cryptocurrencies. "The most popular meme, DOGE, has run a mega crisis and become one of the best crypto assets. Elon Musk, who is a strong supporter of DOGE, announced that his Twitter version will take care of the reward. DOGE is a strong candidate to be Twitter official cryptocurrency. DOGE was designed as a payment system, but could not find a real use case. If DOGE integrates with the Twitter payment ecosystem, it will create a use case for the meme coin and boost its growth," said Shivam Thakral, CEO of crypto exchange BuyUcoin. “DOGE also came close to surpassing XRP in terms of market share. This motivation may be due to the rumors surrounding Twitter launching an expected payment plan where DOGE will be used. In addition, Musk desire to build his own Tesla phone if Twitter and all the app stores are removed from the mobile device added power, boosting the game. Dogecoin supporters predicted that DOGE could be used as a means of payment in these cases and make it stronger," said Edul Patel, CEO and founder of Mudrex. Dogecoin is down 44% in 2022 (YTD or YTD) so far, while Bitcoin is down almost 65%. Dogecoin is a parody cryptocurrency created by software engineers Billy Markus and Jackson Palmer in 2013. The Global cryptocurrency market capitalization remained below the $1 trillion mark today as it fell more than 2% in the past 24 hours to $855 billion, according to data from CoinGecko. . Crypto prices remain under pressure this month after the collapse of Sam Bankman-Fried FTX empire. Now investors are watching other crypto companies to see where the spread can spread.

The FTX fiasco continued to turn cryptocurrencies upside down as investor sentiment waned. The global crypto market value, which was about $1 trillion a few weeks ago, has dropped to less than $800 billion, and many cryptocurrencies are recovering well. Billions of dollars worth of wealth has been destroyed! Can crypto investors handle more complexity? Bankruptcies seem to be common in the past few months among crypto exchanges as illiquidity continues to be one of the main issues among them, but it destroys trust the hearts of investors, causing the market to fall. It seems that the bankruptcy crisis is not ending soon, and it is said that crypto brokerage Genesis Trading may be on the verge of bankruptcy. Although FTX announced its failure on November 11, investors already panicked and sold the exchange FTT token days before the actual announcement. FTX problems came to light when its sister company Alameda balance sheet raised questions about the foundation heavily stocked FTT tokens instead of independent assets like fiat money or other cryptocurrencies. Despite the assurances of Sam Bankman-Fried that everything is fine with FTX and the group as a whole, however, everything finally fell apart when FTX filed for Chapter 11 to start the process of restructuring and investing in order for the benefit of all stakeholders in the world. Currently, at the time of writing, on CoinMarketCap, the global crypto market is around $781.26 billion, down 1.77%. Major cryptos Bitcoin and Ethereum are below $15,800 and $1,100 --- down about 2% each in the past 24 hours. Meanwhile, the FTX token is struggling to hold the $1 mark. FTX has fallen more than 29% in the past seven days, while its monthly decline is more than 94%. But why the FTX problem with Genesis? Why is there speculation about Genesis money? Genesis has been updating its relationship with FTX for the past few days after Alameda balance sheet got questioned and FTT score dropped. On November 9, Genesis tweeted, "Genesis has a business relationship with FTX, among other variables. Our exposure to FTX does not affect our ability to serve our customers." On the same day, the trader said, "in anticipation of the extreme volatility of the market ... we closed and sold contracts, causing a loss of about $ 7 million across all parties, including Alameda". Then Genesis said later, to emphasize, Genesis has no ongoing loan relationship with FTX or Alameda.On the day FTX filed for bankruptcy, Genesis tweeted that "the production business now has about $175 million in funds locked in our FTX account, adding that" this does not affect the business we hold. Step"

The first question cryptocurrency owners should ask themselves right now is whether bitcoins, dogcoins and other tokens are safe. Get them in the hands of the wrong dealer or manager, and they can go off into a never-ending cycle of withdrawals, which may never happen. The second question is closely related: has the price fallen enough to justify a purchase? There is no clear answer, of course, since these are speculative assets with no basis for speculation. But for other speakers and true believers who think that we will all end up using the crypto financial system, it is worth thinking about how investors are prepared for the system crisis. For the rest of us, it fun to watch from the sidelines. The easiest way is to look at the prices. Since peaking in November, bitcoin has fallen 77% against the dollar, a dramatic decline. Since the first crypto crisis in May, before Sam Bankman-Fried FTX has stepped in to calm things down, bitcoin has almost collapsed. But since the run on FTX that started with CoinDesk report about its hedge funds earlier this month leading to its payout, the price has fallen more than 20%. There is no way to say for sure how much confidence in the crypto ecosystem has been damaged by the magnitude of the failure. But on a larger scale, the 77% drop in prices is not that far off from the 85% drop in US stocks from the peak to the financial crisis of 2007-2009. Bitcoin is also better than a bank because it itself cannot fail, although the exchanges that allow it to trade seem to fall like dominoes (and unlike banks, they do not have the Federal Reserve to save them). Take that thought, and perhaps most of the loss of faith has already been explained in this process. The removal of speculators is another proof of this. Some crypto hedge funds have no choice but to stop trading as their funds are locked in a collapsed exchange. Others have chosen to take less risk, which means less money to support the value of crypto. The proof is, first of all, that there is little demand to borrow crypto assets, because speculators no longer want to take more risks. The interest that can be obtained by lending tether, a "stablecoin" that is pegged to the value of the dollar, has fallen to only 2-3%, less than what can be obtained from the risk-free dollar . There is almost no demand for bitcoin lending, and lending rates on Aave and Compound, two decentralized financial platforms for borrowers and lenders, are close to zero. Second, advertising in the popular arbitration market has increased dramatically. These are businesses that are successful when investors want to take risks, because the benefits are easy to calculate - for example, using different price values for different crypto groups separate, or buy a publicly traded company that holds shares. . These and other arbitrage transactions are no longer popular because they require a lot of involvement and involve the risk that the counterparty, exchange or listed company will fail. Third, the number of stablecoins in circulation has decreased as loans are repaid. There was only $65 billion outstanding, down from a peak of $83 billion in May.

Although investors are still digesting the damage from yesterday events in the cryptocurrency market, some analysts warn that the drama will not end anytime soon. Cowen analysts said investors should watch the situation "carefully" as the US government could step in and block the deal. "We are concerned in Washington that the Committee on Foreign Investment in the United States [CFIUS] may want to investigate it for national security concerns and its implications for the United States. different from FTX," the researchers said in a. a customer. say. Analysts believe that this drama continues to undermine the entire cryptocurrency market through the US legal system. Congress may hold more hearings next year focusing on whether the global crypto revolution threatens financial stability in the United States. "It does not matter if it is a global change. It makes the news that the crypto industry takes too much risk without any care," said the researchers. The biggest winner may be the United States Securities and Exchange Commission (SEC), as its chairman, Gary Gensler, advocated for stronger crypto regulations. It is hard for the SEC to approve Bitcoin ETF spots. "We expect him to refer to the current FTX issue to further prove his point. This means treating many tokens as securities and forcing trading platforms to register as exchanges." "We already doubt that Congress can pass comprehensive crypto legislation next year. This controversy changes our thinking. We believe it is now difficult to pass bills like Lummis/Gillibrand. Still, it could pave the way for bills that take a more aggressive approach to regulation," Cowen analysts concluded.

Bitcoin, Ethereum, and maximum cryptocurrencies prolonged losses on Monday. The worldwide crypto marketplace cap stood at $1 trillion, with an extent of $70.1 billion withinside the beyond 24 hours. "The meme coins, flying excessively over the information of Elon Musk`s Twitter throne, regarded to have died down. The charge hikes introduced on Friday with the aid of using the American Federal Reserve and the Bank of England did now no longer appear to transport the crypto marketplace. BitcoinThe world`s biggest and maximum famous digital currency, Bitcoin, fell 1.2 percent to $20,989.5. Its marketplace fee stood at $403.four billion. The exchange extent changed to $53.6 billion. EthereumThe 2nd biggest digital currency, Ethereum or Ether, fell 1.5 percent to $1,592.7 with a marketplace capitalization of $194.nine billion. The alternate extent of Ethereum was $12.five billion withinside the closing 24 hours. DogecoinMeme-primarily based totally digital currency, Dogecoin, slumped 5.2 percent on Monday. Its marketplace cost stood at $15.6 billion. The alternate quantity became $1.three billion. Shiba InuShiba Inu fell 2.2 percent with a marketplace capitalization of $6.6 billion. The alternate quantity became almost $418 million withinside the remaining 24 hours. SolanaSolana slipped eight.three percentage to $32.eight with a marketplace capitalisation of nearly $11.eight billion. The alternate extent of Solana was $1.7 million withinside the ultimate 24 hours. PolygonPolygon jumped 7.1 percent with a marketplace capitalization of $10.8 billion. The changing extent was $952.four million withinside the final 24 hours.