Elvira Nabiullina – the Chief of Russia’s Central Bank – sounded a note of caution for investors to beware of the risks in the crypto market. She opined that digital assets are very volatile and warned investors to be wary of ”appalling” losses. Do Not Get Involved in Crypto The head of the Russian Central...Read More
UK authorities have made one of the largest seizures of cryptocurrency assets worth more than $190 million. Specialists detectives from the Met’s Economic Crime Command confiscated the funds after investigations on money laundering. UK Authorities Seize $140M in Crypto According to a press release from the Met’s Economic Crime Command, the local authorities made the...Read More
The number of open shorts positions on leading cryptocurrency and derivatives exchange BitFinex is at a two-year high as bitcoin price returns to the monthly lows amid $30K. The current amount of shorts is the highest since June 17, 2019, forcing more traders to wonder whether BTC is set for further dips, which may lead...Read More
Vocal Bitcoin bull Meltem Demirors believes that the ongoing crypto decline is just an ordinary correction, which would wipe out investors with ”paper hands.” She reminded that the primary digital asset has always been volatile and assured that it is ”here to stay.” ‘You Can’t Have a Number Go Up Forever.’ The current situation in...Read More
On Saturday, bitcoin was trading at $30,667, down 10.16 percent on the day. It was the biggest percentage drop in a single day since June 21. The most popular cryptocurrency has recovered to levels above $32,000. However, it appears that the upward trend was brief and not particularly delicious for investors. After over a year...Read More
On June 25, over $1.5 billion of Ether (ETH$3.3 )’s billion notional open interest (OI) in ETH options will expire, making it the highest options expiry ever. Over 638,000 ETH options contracts are due to expire in June, representing 45 percent of total open interest in these options. A slew of options expired on the...Read More
A survey conducted by the American multinational investment bank JPMorgan Chase & Co. revealed that most big investors do not find the crypto market appealing as only 10% of the participants asserted they trade digital assets. Moreover, 30% of the people agreed with Warren Buffett’s opinion that BTC is a ”rat poison.” The American Institutional...Read More
Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a...Read More
During a recent interview with Bloomberg, the prominent BTC bull spoke about the adverse short-term effects of China’s recent crackdown on Bitcoin mining. While he acknowledged the hash rate and price declines, Saylor believes this ‘mistake’ from the Asian country will provide an excellent opportunity for others. As CryptoPotato reported previously, the world’s most populated...Read More
The price of bitcoin has now dropped below $30,000 for the first time. Despite the fact that it has retraced and bounced back, the currency may now be on the verge of another big sell-off, which could see the world’s most valuable crypto asset suffer even more losses. Many smaller cryptocurrencies, such as meme currency...Read More
