Crypto exchange BitMEX is investigating unusual trading activity that led to a flash crash in Bitcoin on its platform yesterday.The price of Bitcoin against Tether’s USDT stablecoin fell to as low as $8,900 on BitMEX late Monday, while the largest cryptocurrency was trading above $66,000 on rival venues. The price of Bitcoin on the exchange quickly recovered and was trading at $64,284 as of 4:10 p.m Singapore time. This news is republished from another source. You can check the original article here
Author: Web3 Daily Press Staff
Bitcoin’s decline prompts caution among traditional investors, emphasizing the importance of forthcoming flow data to gauge market sentiment. Traditional investors (tradfi) are starting to exercise caution as Bitcoin’s (BTC) price experiences a decline pulling back over 12.5% from its recent all-time high reached on Mar. 14. In a recent research report Bitfinex notes that the latest retreat “was one of the largest price dips” since the introduction of spot Bitcoin exchange-traded funds (ETFs) earlier this year. Despite the surge in inflows into spot Bitcoin ETFs, which surpassed a billion dollars in a single day last week, recent data suggests a…
An essential highlight of the crypto space is its crazy volatility. The once-plucky Bitcoin Cash (BCH) and Litecoin (LTC) have seen their star fade while Koala Coin (KLC) makes waves with its presale excitement. The new upstart has renewed hope for a bullish 2024 as its presale progresses in stage one for $0.014. Koala Coin (KLC) transcends the traditional cryptocurrency model by merging meme culture’s vibrancy with blockchain’s profitability. Where Humor Meets Financial Freedom: The Rise of Koala Coin (KLC) Koala Coin (KLC) is where the frenzy of the internet culture meets community inclusivity and financial opportunity. At its core,…
In a riveting turn of events witnessed within the cryptocurrency landscape, Shiba Inu, one of the most renowned meme coins, recently noted massive transfers of SHIB tokens by the community to a dead wallet, fueling optimism among crypto market enthusiasts globally. Insights unveiled by the tracker Shibburn spotlighted nearly 37 million tokens destroyed, stirring speculations as SHIB recorded a substantial plunge today, curating an enigmatic scenario on its potential to scale the $0.0001 level ahead. Although the token rallied remarkably over the past 30 days, rocketing approximately 170%, a broader downward momentum due to a correctory phase recently pulled the…
The price of VET, the native token of VeChain, has surged over 30% in the last 24 hours to reach an intraday high of $0.051 before making a 5% drop. According to Coinmarketcap, it is currently trading at $0.049. The cryptocurrency has also gained 67% over the past week. VET, Price Chart Last 24 HRS, Source: CoinMarketCapThis remarkable rally has made VET the highest gainer among the top 100 cryptocurrencies by market capitalization. Over $98 million worth of VET has been traded in the last 24 hours Ali highlights that the recent spike could indicate the start of a bull run for…
Tether (USDT) on phone screen. Source: Maurice Norbert – Stock.Adobe.com Key Takeaways: OKX has ceased offering trading pairs involving Tether’s USDT for its European Union (EU) and European Economic Area (EEA) users, adhering to upcoming EU regulations that require stablecoin issuers to be licensed electronic money institutions. The decision limits OKX’s stablecoin offerings in the EU and EEA to USDC and the euro, aiming to enhance euro-denominated liquidity and establish the platform as a leading option for euro to crypto spot trading in the region. This move may foreshadow regulatory challenges for Tether in Europe, particularly with the implementation of…
The leading parachain-based cryptocurrency PoklaDot is currently trading at a price range of $10 on Tuesday. DOT reached double digits in the charts after a long hiatus since May 2022. The cryptocurrency attracted heavy bullish sentiments this month after Bitcoin climbed above the $70,000 mark. Bitcoin’s stellar performance is pushing PolkaDot’s price up leading it to deliver decent profits to investors. Also Read: Cryptocurrency: 3 Coins Trading in Cents Set To Reach $1 Now that PolkaDot remains in the green and touched double digits in the indices, will it double in price next? In this article, we will highlight what…
NodeMonkes, Bitcoin’s premier NFT collection, has surged by over 50% in the past 24 hours, surpassing Bored Ape Yacht Club (BAYC) in market capitalization. According to data from CoinGecko, NodeMonkes witnessed a 53.3% surge in its floor price, making it the second-largest NFT collection in terms of market cap. NodeMonkes and Runestone’s Floor Price Surge On Monday morning, Asian time, the floor price of NodeMonkes surged to 0.83 BTC, around $55,890, with its market cap rising to $558.9 million, surpassing the Bored Ape Yacht Club in market capitalization. Notably, NodeMonkes’ sales have also experienced an increase, rising by 162.0% over…
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It’s just three months into 2024 and it’s still raining records in the crypto sector. The latest one came on March 9, 2024, after the global value of DeFi protocols crossed $100 billion as the rising demand for Bitcoin (BTC) fueled interest in top cryptos to invest in. Bitcoin has been growing impressively since the launch of BTC ETFs in the US after a landmark decision from the country’s regulators. There’s reason to cheer in the altcoin space too. Altcoin holders are in good spirits after InQubeta (QUBE) recently made waves with its positive price action. The QUBE token has left…