Bitcoin hash difficulty jumps 6%
Key Points Bitcoin's hash difficulty has risen by 6% despite a market dip. Bitcoin recently fell to 26K levels claiming over $1 billion in liquidations. BTC price action is causing panic in the markets as traders are experiencing high liquidation ratios. However,...
$1.04B crypto futures positions liquidated as Bitcoin experiences flash crash to $25K
Key Point A bitcoin flash crash that saw the price of the coin dip to $25K levels has seen over $1 billion in both longs and shorts liquidated The crash now stands as one of the biggest ever in the liquidations history of the coin Crypto traders are left counting huge...
US CPI comes at 3.2%, lower than the expected 3.3%
Key Points July US CPI inflation has come slightly higher than in June but still sending hope across international markets. July had a lower CPI inflation of 3.2% following the introduction of another interest rate hike to help fight inflation. Analysts believe...
Top 10 DeFi protocols by TVL on BNB Chain
Key Points DeFi protocols have held up strongly in 2023 despite a crypto bear run due to a spike in unfavorable regulation for centralized counterparts. PancakeSwap holds the highest Total Value Locked on the BNB Chain at a staggering $1.8B, accounting for 34.8% of...
Digital assets products see a $107M outflow in a week where BTC also lost $111M-Coinshares report
Key Points Coinshares has released a report showing that investors are profiting from digital assets markets, with Bitcoin being the main focus. The report shows that over the past seven days, BTC had an outflow of $111M, while digital assets products saw outflows...
Bitcoin price dropped by 4% in July, upholding a history of not dipping below 10% in the month
Key Points Bitcoin, the worlds premiere cryptocurrency, drooped in price by 4% in July The coin has never lost more than 10% in July throughout its history Bitcoin price dropped by 4% in July, a market move that upholds its history of not dipping by over 10% in the...
Crypto Market Pulse Weekly View- August 1, 2023
DeFi under attack (again) Curve protocol was exploited on Sunday evenin putting at risk between $50 and $100 million of user funds locked in various stablepools (alETH/msETH/pETH) using Vyper 0.2.15. The reason is thought to be a malfunctioning reentrancy lockThe...
Oil major BP posts a 70% drop in Q2 profits but raises dividends by 10%
Key Points Oil major BP has reported a drop of nearly 70% YoY in the second quarter of 2023 At the same time, the British energy major posted a second-quarter underlying replacement cost profit of $2.6 billion On Tuesday, Oil major BP announced that it was expecting a...
Ethereum dominates DeFi Total Value Locked by 71% over the past 30 days
Ethereum has outperformed TRON and BNB Chain in DeFi Total Value Locked, taking a 71% market share, while the two follow closely with 6.4% and 5.6%, respectively. In total, the whole market had a slight dip of 0.8%.
Crypto Market Pulse: Weekly View- July 26
The cryptocurrency market continues to be in no man's land after the sudden selloff early this week with BTC hovering below the short-term daily range since Monday. Economic data, FOMC The week ahead is packed with economic data coming from the leading economies. The...
Crypto Market Pulse: Weekly View- July 18
Disclaimer: All views expressed below are not to be considered a financial advice Overview The crypto market is in a momentary green zone, but traders continue to walk on thin ice despite the recent gains and promising industry developments, among which we can...
DEX to CEX Futures trading volume ratio hits a new all-time high (ATH)
On June 27, the DEX to CEX futures trading volume ratio recorded a new all-time high though DEXs still have fewer futures trading volumes. These developments show growing discontent in the centralized crypto markets like Binance and Coinbase as regulators go harder after them.