Bitcoin Price is Crashing. What’s Going On?
CoinGape (RSS)
The cryptocurrency market is experiencing a decline as the global market cap has dropped by 5.96% in the past day. The price of Ethereum decreased by 6.65% and is now trading under $4000, as BNB, Dogecoin, and Shiba Inu (SHIB) also experienced significant drops in their prices. The market crash is partially due to the impact of the Bitcoin price, which dropped by 8.7% from its record high of $73,750.07 just one day earlier. Bitcoin price is currently at $67,671.56, marking a 7.18% decrease in the last 24 hours. Let’s dig deeper to uncover what’s going on.
Reasons Behind the Decline of Bitcoin Price
Several factors pushed down BTC prices.
1. Higher-Than-Expected PPI Inflation Data
The decline in Bitcoin prices is attributed to the higher-than-expected inflation, ...
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CoinGape (RSS)
The cryptocurrency market is experiencing a decline as the global market cap has dropped by 5.96% in the past day. The price of Ethereum decreased by 6.65% and is now trading under $4000, as BNB, Dogecoin, and Shiba Inu (SHIB) also experienced significant drops in their prices. The market crash is partially due to the impact of the Bitcoin price, which dropped by 8.7% from its record high of $73,750.07 just one day earlier. Bitcoin price is currently at $67,671.56, marking a 7.18% decrease in the last 24 hours. Let’s dig deeper to uncover what’s going on.
Reasons Behind the Decline of Bitcoin Price
Several factors pushed down BTC prices.
1. Higher-Than-Expected PPI Inflation Data
The decline in Bitcoin prices is attributed to the higher-than-expected inflation, ...
View original post
Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today
CoinGape (RSS)
Crypto market bleeds on Friday, tanking the global crypto market cap by more than 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) price both tumbled over 7% and other altcoins including BNB, XRP, and Cardano (ADA) also fell.
Despite the meme coins hype these days, Dogecoin (DOGE) and Shiba Inu (SHIB) prices also saw heavy profit booking, tumbling 12%. Traders and analysts predicted much-needed capitulation for the market to further rally amid Bitcoin halving.
Reasons Why Bitcoin and Altcoins Crashed
1. Friday’s Options Expiry
The market fell in response to over $3 billion in Bitcoin and Ethereum options expiry on Friday, March 15. The crypto market always witnesses huge volatility on options expiry.
Notably, 30,568 BTC options of notional value $2.09 billion are set to expire today. The put-call ratio is 0.79 and max pa...
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CoinGape (RSS)
Crypto market bleeds on Friday, tanking the global crypto market cap by more than 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) price both tumbled over 7% and other altcoins including BNB, XRP, and Cardano (ADA) also fell.
Despite the meme coins hype these days, Dogecoin (DOGE) and Shiba Inu (SHIB) prices also saw heavy profit booking, tumbling 12%. Traders and analysts predicted much-needed capitulation for the market to further rally amid Bitcoin halving.
Reasons Why Bitcoin and Altcoins Crashed
1. Friday’s Options Expiry
The market fell in response to over $3 billion in Bitcoin and Ethereum options expiry on Friday, March 15. The crypto market always witnesses huge volatility on options expiry.
Notably, 30,568 BTC options of notional value $2.09 billion are set to expire today. The put-call ratio is 0.79 and max pa...
View original post
OpenAI’s AI Chip Venture To Secure Funding From Abu Dhabi’s MGX
CoinGape (RSS)
Amid the global dash for AI supremacy witnessed recently, an intriguing investment venture orbiting the world’s most prominent generative AI services offering company, OpenAI, appears to be garnering noteworthy interest among industry prominencies globally. According to a report, MGX, Abu Dhabi’s state-backed investment firm, recently went into the initial stages of discussions with OpenAI, eyeing injecting funds into Sam Altman’s firm’s AI chip venture.
MGX, a tech investment firm, made its debut earlier this week with founding members Mubadala (Abu Dhabi) and G42. With the aforementioned investment plans coming into play promptly following the firm’s inception, the entity marks a pivotal move aligning with its staging as a technology investment firm, curating ripples across the AI landscape.
UAE Eyeing Emerging As The AI Hub?
In an excit...
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CoinGape (RSS)
Amid the global dash for AI supremacy witnessed recently, an intriguing investment venture orbiting the world’s most prominent generative AI services offering company, OpenAI, appears to be garnering noteworthy interest among industry prominencies globally. According to a report, MGX, Abu Dhabi’s state-backed investment firm, recently went into the initial stages of discussions with OpenAI, eyeing injecting funds into Sam Altman’s firm’s AI chip venture.
MGX, a tech investment firm, made its debut earlier this week with founding members Mubadala (Abu Dhabi) and G42. With the aforementioned investment plans coming into play promptly following the firm’s inception, the entity marks a pivotal move aligning with its staging as a technology investment firm, curating ripples across the AI landscape.
UAE Eyeing Emerging As The AI Hub?
In an excit...
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OpenAI semiconductor chip plans entice UAE investors: Report
Cointelegraph.com News (RSS)
A potential UAE investment in OpenAI's plans to create in-house semiconductor chips is on the horizon, indicating growing interest in AI ventures from investors in the region.
Cointelegraph.com News (RSS)
A potential UAE investment in OpenAI's plans to create in-house semiconductor chips is on the horizon, indicating growing interest in AI ventures from investors in the region.
Binance cuts ties with venture capital arm
Cointelegraph.com News (RSS)
Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.
Cointelegraph.com News (RSS)
Binance Labs’ portfolio averages an over 14 times return on investment rate, according to the announcement.
Ethereum ecosystem needs a major mindset shift for global impact, says Vitalik Buterin
Cointelegraph.com News (RSS)
Ethereum takes a significant step towards a layer-2 centric future after the Dencun hard fork, leading Vitalik Buterin to call for a shift in mentality.
Cointelegraph.com News (RSS)
Ethereum takes a significant step towards a layer-2 centric future after the Dencun hard fork, leading Vitalik Buterin to call for a shift in mentality.
EU Commission queries Big Tech on AI risks to electoral integrity
Cointelegraph.com News (RSS)
The Commission is empowered to levy fines for inaccuracies, incompleteness, or misinformation provided in response to information requests.
Cointelegraph.com News (RSS)
The Commission is empowered to levy fines for inaccuracies, incompleteness, or misinformation provided in response to information requests.
Bitcoin shorts stay absent amid 'very normal' sub-$66K BTC price dip
Cointelegraph.com News (RSS)
Bitcoin may have fallen to its lowest levels in over a week, but BTC price optimism is anything but fading.
Cointelegraph.com News (RSS)
Bitcoin may have fallen to its lowest levels in over a week, but BTC price optimism is anything but fading.
Gold Investors Aren't Switching Into Bitcoin, JPMorgan Says
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.
Binance Spun Off Venture Capital Arm Earlier This Year: Bloomberg
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Binance Labs now has a disclaimer on its website describing it as "an independent venture and not part of the Binance Group."
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Binance Labs now has a disclaimer on its website describing it as "an independent venture and not part of the Binance Group."
Analytics Point to Altcoins Poised for Upcoming Surge in Current Bull Market
Cryptopolitan (RSS)
Crypto whales are shifting their attention from Bitcoin to select alternative coins (Altcoins). A look at current market analytics points to a possible surge in these Altcoins, hinting at an exciting bull market ahead. The focus is now on identifying these potential market winners. That’s where our article comes into play, offering insights to navigate this changing crypto landscape.
BlastUP Emerges as a Game Changer Raising Over $2 Million in Few Weeks
BlastUP is a unique launchpad platform based on Blast, a legendary Layer 2 blockchain that dominated the headlines with its dizzying start. BlastUP is following in Blast’s footsteps, having raised over $2 million in just a few weeks.
The impact of BlastUP may be huge, as its innovative solutions for launching DApps with a complete suite of Web3 and AI tools are going to be a hit for startups. It provides an extensive set of ...
View original post
Cryptopolitan (RSS)
Crypto whales are shifting their attention from Bitcoin to select alternative coins (Altcoins). A look at current market analytics points to a possible surge in these Altcoins, hinting at an exciting bull market ahead. The focus is now on identifying these potential market winners. That’s where our article comes into play, offering insights to navigate this changing crypto landscape.
BlastUP Emerges as a Game Changer Raising Over $2 Million in Few Weeks
BlastUP is a unique launchpad platform based on Blast, a legendary Layer 2 blockchain that dominated the headlines with its dizzying start. BlastUP is following in Blast’s footsteps, having raised over $2 million in just a few weeks.
The impact of BlastUP may be huge, as its innovative solutions for launching DApps with a complete suite of Web3 and AI tools are going to be a hit for startups. It provides an extensive set of ...
View original post
Long-Term Crypto Investors Advised to Include These 3 Key Tokens in Their Portfolio
Cryptopolitan (RSS)
Crypto whales are shifting their focus from Bitcoin to altcoins in a big way. This trend has market analysts suggesting long-term crypto investors broaden their portfolios. Including key tokens in your investment can offer significant benefits. We will delve into the importance of these tokens and why they are gaining such attention in an evolving market landscape.
BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space
Buying presale tokens may be a good idea, as they are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.
BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few months of its presale, this platform has already raised over $2 million which speaks ...
View original post
Cryptopolitan (RSS)
Crypto whales are shifting their focus from Bitcoin to altcoins in a big way. This trend has market analysts suggesting long-term crypto investors broaden their portfolios. Including key tokens in your investment can offer significant benefits. We will delve into the importance of these tokens and why they are gaining such attention in an evolving market landscape.
BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space
Buying presale tokens may be a good idea, as they are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.
BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few months of its presale, this platform has already raised over $2 million which speaks ...
View original post
Tornado Cash used by Lazarus group despite sanctions
Cryptopolitan (RSS)
The Lazarus Group, identified with North Korea, has resumed activities involving the cryptocurrency mixer Tornado Cash. Analytics firm Elliptic has highlighted on-chain activity showing the group transferring $12 million worth of cryptocurrency. These funds, derived from hacks, moved into Tornado’s wallets on March 13. The Lazarus Group’s actions come despite sanctions against the crypto mixer.
In November, the crypto exchange HTX and its cross-chain bridge, HECO Chain, suffered attacks. The Lazarus Group is behind these incidents, resulting in substantial financial losses. Hot wallets on the HTX exchange lost $30 million. Simultaneously, the HECO Chain experienced a theft of $86.6 million. The stolen funds underwent a conversion to Ethereum through decentralized exchanges. They remained untouched until this week.
...
View original post
Cryptopolitan (RSS)
The Lazarus Group, identified with North Korea, has resumed activities involving the cryptocurrency mixer Tornado Cash. Analytics firm Elliptic has highlighted on-chain activity showing the group transferring $12 million worth of cryptocurrency. These funds, derived from hacks, moved into Tornado’s wallets on March 13. The Lazarus Group’s actions come despite sanctions against the crypto mixer.
In November, the crypto exchange HTX and its cross-chain bridge, HECO Chain, suffered attacks. The Lazarus Group is behind these incidents, resulting in substantial financial losses. Hot wallets on the HTX exchange lost $30 million. Simultaneously, the HECO Chain experienced a theft of $86.6 million. The stolen funds underwent a conversion to Ethereum through decentralized exchanges. They remained untouched until this week.
...
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