CryptoQuant CEO: Whales Began Accumulating Bitcoin on Binance
CryptoQuant’s CEO Ki Young Ju concluded that whales began to accumulate Bitcoin on while it’s on $20k level.
CryptoQuant’s CEO Ki Young Ju concluded that whales began to accumulate Bitcoin on while it’s on $20k level.
The bearish market offers an opportunity for new traders to make huge profit returns. Read CNL to learn more about the crypto market and how to make money.
A poll on Cointelegraph asks readers to vote on what they think will happen to the cryptocurrency markets once the US consumer price index is released.
VeChain Foundation’s financial report disclosed $535 million in crypto reserves for the Q2 of 2022. Read CNL to learn more.
While global major assets plunges, Bitcoin slightly increased. Major currencies all over the world weakened over the strong US dollar. Bitcoin saw an increase of 6.5 percent during this week. Over the past few weeks, currencies all over the world tumbles against the US dollar, forcing an increase in the prices of basic necessities, the rate of debt payments, and the risk of a global recession by 2023. A strategist at Morgan Stanley outlined that the latest rally of the US dollar will start an “untenable situation” for risky assets that could lead to a financial or economic crisis. Earlier
According to Coinmarketcap`s Daily Chronicle, “it’s finally green”. The overall market has seen a Total Market Capitalization of $929.44 Billion. Bitcoin is up by 3.68 percent. The current crypto downturn has seen individual traders, as well as organizations and cryptocurrency pairs, suffer severe losses in their operations. However, according to Coinmarketcap`s Daily Chronicle, “it’s finally green.” The CMC media team believes that even when the changes are minor, it’s still getting green. This comes after the overall market has seen a Total Market Capitalization of $929.44 Billion which is significantly a 0.65 percent increase over the last 24 hours. The
Nomura is establishing a new venture capital division. The unit will invest in businesses within the digital ecosystem. Steven Ashley and Jez Mohideen will lead the new division. One of Japan’s largest investment banks, Nomura, is establishing a new venture capital division to make investments in the cryptocurrency market. According to a statement released by Nomura on Wednesday, the unit will invest in businesses within the digital ecosystem with a focus on web3, blockchain infrastructure, decentralized finance (DeFi), and centralized finance (CeFi). The first offering from Nomura’s new digital assets division, Laser Digital, which was given the name today, will
JP Morgan CEO Jamie Dimon claims cryptocurrencies are decentralized Ponzi schemes. Global Head of Payments Takis Georgakopoulos revealed that they are seeing a decline in the use of crypto for payments. Head of Global Operations Marko Kolanevic believes crypto will rally in 2023 alongside stocks. JP Morgan executives have made strong — and albeit contradictory statements — about cryptocurrency in the last couple of days alone. On one side of the ring, CEO Jamie Dimon blasted cryptocurrency, claiming that it is nothing short of a decentralized Ponzi scheme. In congressional testimony last January 21, Dimon said that he remains a
Galaxy Digital was sued for $100M for discarding the BitGo takeover deal. BitGo holds Galaxy accountable for the bad faith the merger agreement brought. Damages to BitGo claimed to be not less than $100 million. Last Tuesday, BitGo Inc. filed a lawsuit on seal against Galaxy Digital Holdings Ltd. for walking away from its $1.2 billion takeaway deal. BitGo, a digital asset custodian, seeks at least $100 million in damages, as per the civil complaint in Delaware chancery court. According to the court filing made public last Thursday, Galaxy “deliberately and illegitimately caused the failure of the Merger,” because “acquiring
Global cryptocurrency market cap falls under $950,000,000,000. Investors sold out riskier assets in the previous two months. The technology that underpins cryptocurrencies has significant uses in industries. According to the statistics website CoinMarketCap, the value of the cryptocurrency market on Monday dropped below $1 Trillion for the first time since January 2021, dropping as low as $950,000,000,000. The market for cryptocurrencies as a whole reached a peak of $2.9 trillion in November 2021, but it has since sputtered. Due to soaring inflation and concerns that central bank interest rate increases will stifle growth, investors sold out riskier assets in the
One investor says now is the ebay time to buy crypto assets. They remember what previous dips were like and how they preceded massive bull runs. Many are buying every month as they await the bull run. The last few months have been more than challenging for the crypto market and the crypto community is looking everywhere for signs of hope. The overall sentiment seems to be to buy the super dip, but is the super dip truly here? According to a discussion on the CryptoCurrency thread on Reddit, one user advises the crypto community to buy what they feel
$69 billion was lost in the cryptocurrency market within a single day. Bitcoin prices plummeted by nine percent, hovering around the $20,300 mark. S&P 500 is down over four percent from last week. According to reports, the cryptocurrency market has seen $69 billion of its value wiped out in 24 hours alone as leading cryptocurrencies continue an almost week-long sell-off. Bitcoin dropped by nine percent to around $20,300, its lowest price since July 2021, while Ether dropped six percent to $1,611 its lowest price since late July. Bitcoin has also been compared to “digital gold,” a potential safe-haven asset and