Fears Of Further Contagion In The Bitcoin Market
With the closing of withdrawals at Celsius and the news of Three Arrows Capital being insolvent, it is more important than ever to hold your own keys. The below is a free full excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Over the last week, we have extensively covered the contagion that has taken hold in the broader crypto market, highlighting the events leading to the closure of withdrawals at Celsius and....
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The price of Bitcoin has once again fallen below the crucial $20,000 mark in the past few hours. The crash occurred around 12:00 pm EST amid concerns about whether the crypto market is in danger of another Terra Luna/ Celsius disaster. Bitcoin investors seemingly responded with a risk-sell-off. According to analytics service Coinglass, $112.83 million […]
Coinbase allayed fears of its clients in the face of worries that it might have been affected by a development that made the crypto space lose all of its gains since it rallied back in October 25. On Tuesday, the price of shares of the cryptocurrency exchange platform declined by 10.78% as it settled to […]
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market.Meanwhile, Nexo has denied rumors of exposure to Three Arrows Capital (3AC), a Dubai-based crypto fund facing insolvency risks.NEXO price suffers on DeFi contagion fears NEXO, which serves as a security token at a cryptocurrency lending platform of the same name, fell nearly 25% to $0.61 a unit, its lowest price reading since January 2021.....
Short CRO traders were paying as much as 3% premium to long traders on Nov. 14, reflecting extreme bearishness in its futures market. Crypto.com’s native token Cronos (CRO) is showing restraint on Nov. 14 against mounting sell-pressure building in the wake of the FTX’s dramatic collapse last week. Now, the CRO/USD pair is eyeing a watershed price recovery.On Nov. 14, CRO’s price wobbled between profits and losses, trading around $0.069 a day after crashing to $0.05, its lowest level since April 2020 — that’s a 60% price decline from November’s peak of around $0.178.CRO/USD weekly price....
We have reached a new, super-meta-post-postmodern stage of development in digital currencies, and in the internet in general. For those totally baffled by the above headline, you first need to get up to speed on Doge. Doge, explained here, is the internet’s meme du jour. Basically, it’s a photo of a dog with a scattered, quasi-intelligible inner monologue written in Comic Sans. Memes, in the classical definition of the word, are ideas that spread virally to contagion at a society-wide level. On sites like Reddit and Tumblr and BuzzFeed, memes are more like running jokes, but the contagion....