Eric Adams, the recently sworn-in Democrat Mayor of New York City, has no regrets accepting his first Bitcoin paycheck despite the fact that the crypto market recently got hammered. NYC Mayor Unfazed By Bitcoin Crash The double-digit sell-off of the crypto market on Friday saw bitcoin, the world’s largest cryptocurrency by market cap, establish an […]
Bitcoin’s price crash has set many investors panicking as they perhaps question their investment strategies and the health of their portfolios. For his part, investment analyst Anthony Pompliano claimed that though Bitcoin’s price performance might look worrying, Bitcoin miners and Bitcoiners “do not care.” However, this is quite a reductive analysis, as the situation is […]
The last 48 hours have seen unprecedented happening in the world of cryptocurrencies. According to Larry Cermak, VP of Research at Theblockresearch.com, the interest in futures exchanges has tanked dangerously by 20% in the last two days – from $18 billion to about $14.4 billion. The two exchanges which have seen the most severe carnage
In their latest report, crypto analytics firm Glassnode says that Bitcoin’s recent market meltdown was driven by a cascade of overleveraged traders getting liquidated, and that newer market entrants bore the brunt of the pain. The firm takes a look at the behavior of both long-term holders (LTHs) and shot-term holders (LTHs) during the market […]
