After Bitcoin’s near 50 percent drop in March, exchanges lost institutional volume and reveal over 100,000 BTC withdrawals

Cryptocurrency exchanges and retail traders alike felt the effects of Bitcoin’s sudden fall in March 2020. While the latter may have lost significant capital on long positions, the drop has compelled exchanges to exist in an institution-less and low-volume environment. Bitcoin’s rollercoaster drop On March 12, Bitcoin traders witnessed what was the largest single-day drop […]
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Data shows that the ongoing crypto rally could be highly sustainable

Bitcoin saw a technically significant uptrend today that allowed it to erase virtually all of the losses resulting from the meltdown it faced in mid-March. Its $1,000 climb today sent shockwaves throughout the crypto market, leading many altcoins to post notable gains. This uptrend comes after what appears to be a month-long bout of extreme […]
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Here’s why Bitcoin’s dwindling open interest could be great for bulls

Bitcoin saw a notable overnight upswing that allowed it to climb as highs as $8,400, finding some stability around this price level as bears struggle to defend against the heavy buying pressure that has been driving this movement. An interesting byproduct of this bull-favoring volatility has been diving open interest (OI) – likely resulting from […]
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Wanchain-backed FinNexus expands to XRP Ledger for tokenizing real-world assets

DeFi platform FinNexus and crypto exchange Bitrue announced on April 27 their joint initiative to incorporate asset tokenization services on Ripple’s XRP ledger platform and the Wanchain blockchain. Interoperable services on XRP The announcement points out the lack of asset-backed tokens in the broader cryptocurrency market, a gap that DeFi services like FinNexus aim to […]
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Cardano founder Charles Hoskinson: Founders must decouple from the cryptocurrency

In the latest episode of the “Untold Stories” podcast, host Charlie Shrem discussed the topic of adoption in crypto with Charles Hoskinson, the founder of Cardano. The two agreed that the loss of faith in government institutions has set a good foundation for cryptocurrencies to step in, which means that more effort needed to be […]
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Forget flash crashes and liquidated loans — Here’s why DeFi is set to explode

With the deepening global crisis, no markets have been spared. The volatility of ‘black Thursday’ in March saw all markets nosedive from traditional stocks to Crypto. DeFi was particularly hit with more than $8mn of Maker loans liquidated as the price of ETH plummeted by 50 percent. Yet, experts in the space not only believe […]
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Chainlink continues onboarding new investors as bulls defend critical support level

Chainlink has seen a notable recovery in the time following its latest selloff, with the cryptocurrency’s buyers defending it from dropping below the strong support that has been established around $3.50. It just so happens that this level coincides with a critical technical support level that was briefly tapped during the course of this latest […]
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