Cryptonews

Cryptonews


MicroStrategy Is Back - Saylor Buys the Dip, Adds 480 Bitcoin for USD 10M

Posted: 29 Jun 2022 05:38 AM PDT

Michael Saylor's company MicroStrategy has taken advantage of the currently low bitcoin (BTC) price by adding another BTC 480 to its coffers.
The bitcoin purchase, worth around USD 10m, was made at an average price of USD 20,817 per coin, above the market price at the time of writing (12:20 UTC) of around USD 20,100, Saylor said....
Read More: MicroStrategy Is Back - Saylor Buys the Dip, Adds 480 Bitcoin for USD 10M

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Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered

Posted: 29 Jun 2022 05:22 AM PDT

The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside.
On Wednesday at 10:30 UTC, BTC stood at USD 20,123, down by 4% for the past 24 hours and by 3% for the past week. At the same time, ethereum (ETH) traded at USD 1,133, down by 7% for the day and up by nearly 1% for the week....
Read More: Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered

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Bitcoin and Ethereum Move Lower, Altcoins Increase Losses

Posted: 29 Jun 2022 05:03 AM PDT

Bitcoin price broke the USD 20,500 support and tested USD 20,000. It is currently (11:52 UTC) showing bearish signs near USD 20,100 and is down almost 5% in a day and 3% in a week.
Similarly, most major altcoins are moving lower. ETH is down 9% and trading below USD 1,150. XRP is approaching the USD 0.32 support. ADA might test the USD 0.455 support zone.
Total market capitalization...
Read More: Bitcoin and Ethereum Move Lower, Altcoins Increase Losses

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Celsius’ Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen

Posted: 29 Jun 2022 03:52 AM PDT

Troubled crypto lender Celsius (CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion....
Read More: Celsius' Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen

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FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’ and Unlikely to Be ‘Saved’

Posted: 29 Jun 2022 02:09 AM PDT

Sam Bankman-Fried, the Founder of the crypto trading platform FTX, has warned that more crypto exchange failures "are coming," and has stated: "There are some third-tier exchanges that are already secretly insolvent."...
Read More: FTX CEO: Some Smaller Exchanges Are 'Too Far Gone,' 'Insolvent,' and Unlikely to Be 'Saved'

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CoinFLEX CEO Says Roger Ver Owes Them USDC 47M, Ver Denies the Claim

Posted: 29 Jun 2022 01:02 AM PDT

Mark Lamb, CEO of crypto derivatives exchange and yield platform CoinFLEX, has revealed that the "high integrity" individual whose account went into negative equity during recent market volatility is the Bitcoin Cash (BCH) proponent Roger Ver.
The revelation came after Ver, who is also referred to as "Bitcoin Jesus," publicly denied rumors that he had defaulted on a debt to a counterparty....
Read More: CoinFLEX CEO Says Roger Ver Owes Them USDC 47M, Ver Denies the Claim

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Bitcoin Nears USD 20K, Ethereum Keeps Trimming Weekly Gains, Most Altcoins in Red

Posted: 28 Jun 2022 09:23 PM PDT

Bitcoin price failed to start a stronger increase above the USD 21,200 level, started another decline, and traded below USD 21,000. It is currently (04:07 UTC) trading near USD 20,300 and is down 2% in a day and a week.
Similarly, most major altcoins are showing signs of more losses. ETH is struggling to stay above USD 1,150. XRP is now moving lower towards USD 0.32. ADA could dive towards the USD 0.455 support zone.
Total market capitalization...
Read More: Bitcoin Nears USD 20K, Ethereum Keeps Trimming Weekly Gains, Most Altcoins in Red

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