The past several days turned out to be some of the worst in bitcoin’s recent history as the asset plummeted from $66,000 to under $50,000 from Friday to Monday morning. The altcoins’ situation is even worse, with multiple double-digit losers on a daily and weekly scale. BTC’s Downfall It was precisely seven days ago when…
TL;DR The cryptocurrency sector crashed, with Bitcoin briefly falling below $50,000. The meme coin’s overall market capitalization tumbled by 23%, with major coins like Dogecoin, Shiba Inu, and others experiencing double-digit losses. However, some metrics suggest a potential rebound for SHIB, with its RSI falling below 20 and exchange netflows showing reduced selling pressure. Memes…
As bitcoin and the rest of the market dump hard in one of the worst crashes in recent history, the community is actively trying to locate the source behind this cataclysm. Justin Sun, the founder of Tron and HTX’s advisor, was also blamed that he and his team were liquidated, which only intensified the market…
TL;DR XRP’s price dropped 24% weekly and 17% in 24 hours, with analysts still optimistic about a potential recovery. Speculation around the Ripple-SEC lawsuit resolution could have been one reason pushing XRP to $0.66 last week, but the legal battle continues with no settlement yet. What’s Next for XRP? The last couple of days have…
Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and renewable energy services. Helping Clients Adopt Generative AI Pan-African technology firm Cassava Technologies is creating a separate business unit to focus on…
Bitcoin’s price crashed toward $53,000, losing more than $17,000 since last Monday. This has been one of the cryptocurrency’s worst weekly performances in its entire history. In the past 24 hours alone, a whopping $840 million worth of leverage positions were liquidated due to the market crash. Source: Coinglass Earlier in the week, CryptoPotato outlined…
Bitcoin’s price troubles seem to have no ending as the asset kept plunging on Monday morning and fell to its lowest price position since late February of $53,000. This means that BTC has lost about $17,000 since last Monday, making it one of the worst weekly performances in its 15-year history. CryptoPotato has repeatedly reported…
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies…
At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the likelihood of an impending U.S. recession, with a soft landing seemingly off the table. Below are six distinct indicators…
The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated Alternative Capital Raising Platform The decentralized cross-asset marketplace, Mesh.trade, recently launched a $1.64…