💥 Cryptocurrency price dynamics 16.05.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today.
⬆️ Solana was the biggest gain overnight: +8.1%,
⬇️ Polkadot saw the biggest drop: -1.6%.
🟢 BTC - $30,322.28 (+1.5%)
🟢 ETH - $ 2,067.80 (+1.5%)
🟢 BNB - $ 300.66 (+2.4%)
🔴 XRP - $ 0.420856 (-0.8%)
🟢 ADA - $ 0.570016 (+6.9%)
🟢 SOL - $55.18 (+8.1%)
🔴 DOT - $11.04 (-1.6%)
🟢 DOGE - $0.089575 (+1.3%)
🟢 AVAX - $ 33.91 (+1.3%)
🟢 SHIB - $ 0.00001234 (+0.7%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today.
⬆️ Solana was the biggest gain overnight: +8.1%,
⬇️ Polkadot saw the biggest drop: -1.6%.
🟢 BTC - $30,322.28 (+1.5%)
🟢 ETH - $ 2,067.80 (+1.5%)
🟢 BNB - $ 300.66 (+2.4%)
🔴 XRP - $ 0.420856 (-0.8%)
🟢 ADA - $ 0.570016 (+6.9%)
🟢 SOL - $55.18 (+8.1%)
🔴 DOT - $11.04 (-1.6%)
🟢 DOGE - $0.089575 (+1.3%)
🟢 AVAX - $ 33.91 (+1.3%)
🟢 SHIB - $ 0.00001234 (+0.7%)
❗️Fraudulent group of crypto coaches wanted in Russia
📢The Ministry of Internal Affairs of Tatarstan has issued a wanted notice for four people involved in a fraudulent group of crypto coaches. From February 2017 to October 2021, the criminals engaged in fraud under the guise of learning to trade on crypto exchanges. During this time, they managed to fraudulently earn 53 million Russian rubles (RUB). 12 of the 16 suspects have already been detained by law enforcement agencies.
https://getblock.net/en/news/fraudulent-group-of-crypto-coaches-wanted-in-russia/
📢The Ministry of Internal Affairs of Tatarstan has issued a wanted notice for four people involved in a fraudulent group of crypto coaches. From February 2017 to October 2021, the criminals engaged in fraud under the guise of learning to trade on crypto exchanges. During this time, they managed to fraudulently earn 53 million Russian rubles (RUB). 12 of the 16 suspects have already been detained by law enforcement agencies.
https://getblock.net/en/news/fraudulent-group-of-crypto-coaches-wanted-in-russia/
Bitcoin
After reaching $26 700 on bitcoin’s hourly timeframe, a steady local uptrend could be seen, which may indicate either a reversal or a correction during a global bearish trend. On the morning of May 16, there was a breakout of the local trend line, but there remains a possibility that this is a false breakout and the bitcoin price will return above $30 000 in the coming hours.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-16052022
#BTC #Analytics
After reaching $26 700 on bitcoin’s hourly timeframe, a steady local uptrend could be seen, which may indicate either a reversal or a correction during a global bearish trend. On the morning of May 16, there was a breakout of the local trend line, but there remains a possibility that this is a false breakout and the bitcoin price will return above $30 000 in the coming hours.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-16052022
#BTC #Analytics
🤝TrustWallet сrypto wallet became Instagram partner
💵TrustWallet, a cryptocurrency wallet, has become a partner of the social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation). The deal will integrate NFT collections into the social network and support their creators. With a built-in decentralized browser, users of the social network will be able to buy and sell various collectibles.
https://getblock.net/en/news/trustwallet-srypto-wallet-became-instagram-partner
💵TrustWallet, a cryptocurrency wallet, has become a partner of the social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation). The deal will integrate NFT collections into the social network and support their creators. With a built-in decentralized browser, users of the social network will be able to buy and sell various collectibles.
https://getblock.net/en/news/trustwallet-srypto-wallet-became-instagram-partner
⛏Illegal mining farm of almost 1500 devices discovered in Dagestan
🔍Employees of the Ministry of the Interior and the Federal Security Service have discovered a large illegal mining farm in Makhachkala. Law enforcers seized 1476 cryptocurrency mining devices during searches. This was reported by the TASS agency with reference to the press service of the Ministry of Internal Affairs of the Republic of Dagestan.
https://getblock.net/en/news/illegal-mining-farm-of-almost-1500-devices-discovered-in-dagestan
🔍Employees of the Ministry of the Interior and the Federal Security Service have discovered a large illegal mining farm in Makhachkala. Law enforcers seized 1476 cryptocurrency mining devices during searches. This was reported by the TASS agency with reference to the press service of the Ministry of Internal Affairs of the Republic of Dagestan.
https://getblock.net/en/news/illegal-mining-farm-of-almost-1500-devices-discovered-in-dagestan
📢Binance’s head said about the lack of value of the Terra hard fork
🤔Changpeng Zhao, the founder of cryptocurrency exchange Binance, has expressed doubt about the feasibility of Terra’s blockchain developers’ decision to conduct a hard fork and roll back the network to the moment before the collapse of LUNA and UST rates, as well as the break of UST’s peg to the US dollar.
https://getblock.net/en/news/binances-head-said-about-the-lack-of-value-of-the-terra-hard-fork/
🤔Changpeng Zhao, the founder of cryptocurrency exchange Binance, has expressed doubt about the feasibility of Terra’s blockchain developers’ decision to conduct a hard fork and roll back the network to the moment before the collapse of LUNA and UST rates, as well as the break of UST’s peg to the US dollar.
https://getblock.net/en/news/binances-head-said-about-the-lack-of-value-of-the-terra-hard-fork/
📊Largest bitcoin outflow from crypto exchanges in 8 months recorded
📃Analytics firm CryptoQuant has published data showing the outflow of bitcoins from exchanges. According to the charts, as of May 16, it recorded the lowest BTC netflow on the platforms over the last 8 months.
https://getblock.net/en/news/largest-bitcoin-outflow-from-crypto-exchanges-in-8-months-recorded
📃Analytics firm CryptoQuant has published data showing the outflow of bitcoins from exchanges. According to the charts, as of May 16, it recorded the lowest BTC netflow on the platforms over the last 8 months.
https://getblock.net/en/news/largest-bitcoin-outflow-from-crypto-exchanges-in-8-months-recorded
💪Circle assured of the full back of the USDC stablecoin
💰Circle (the issuer of the USDC stablecoin) has reported that the asset is fully backed by fiat dollars and US Treasury bonds.
https://getblock.net/en/news/circle-assured-of-the-full-back-of-the-usdc-stablecoin/
💰Circle (the issuer of the USDC stablecoin) has reported that the asset is fully backed by fiat dollars and US Treasury bonds.
https://getblock.net/en/news/circle-assured-of-the-full-back-of-the-usdc-stablecoin/
☝FTX chief said bitcoin has no future as a means of payment
🗣Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has criticized the use of bitcoin as a means of payment. In an interview for Financial Times, he listed the main drawbacks of the first cryptocurrency: inefficiency and high environmental costs.
https://getblock.net/en/news/ftx-chief-said-bitcoin-has-no-future-as-a-means-of-payment/
🗣Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has criticized the use of bitcoin as a means of payment. In an interview for Financial Times, he listed the main drawbacks of the first cryptocurrency: inefficiency and high environmental costs.
https://getblock.net/en/news/ftx-chief-said-bitcoin-has-no-future-as-a-means-of-payment/
❗WSJ: El Salvador faces default because of the fall in the price of bitcoin
📉The collapse of the crypto market has increased the probability of El Salvador defaulting, The Wall Street Journal reports. The country’s public debt exceeds $24 billion, with its bitcoin assets worth $100 million falling by a third after the fall in prices on the cryptocurrency market. El Salvador is also due to pay off $800 million in bonds in January. In early May, Moody’s cut El Salvador’s debt rating to Caa3, implying a high risk of default.
https://getblock.net/en/news/wsj-el-salvador-faces-default-because-of-the-fall-in-the-price-of-bitcoin
📉The collapse of the crypto market has increased the probability of El Salvador defaulting, The Wall Street Journal reports. The country’s public debt exceeds $24 billion, with its bitcoin assets worth $100 million falling by a third after the fall in prices on the cryptocurrency market. El Salvador is also due to pay off $800 million in bonds in January. In early May, Moody’s cut El Salvador’s debt rating to Caa3, implying a high risk of default.
https://getblock.net/en/news/wsj-el-salvador-faces-default-because-of-the-fall-in-the-price-of-bitcoin
☝TRON will not abandon the USDD stablecoin
🗣️The TRON ecosystem has no plans to abandon the further development of its own algorithmic stablecoin USDD, despite the collapse of the UST stablecoin rates and the Terra (LUNA) token that backs it. This was announced by TRON founder Justin Sun.
https://getblock.net/en/news/tron-will-not-abandon-the-usdd-stablecoin
🗣️The TRON ecosystem has no plans to abandon the further development of its own algorithmic stablecoin USDD, despite the collapse of the UST stablecoin rates and the Terra (LUNA) token that backs it. This was announced by TRON founder Justin Sun.
https://getblock.net/en/news/tron-will-not-abandon-the-usdd-stablecoin
❗Ethereum co-founder and Binance chief urged Terra to focus on compensating small investors
☝Ethereum blockchain co-founder Vitalik Buterin and Binance cryptocurrency exchange chief Changpeng Zhao believe that the Terra project should give priority to retail investors rather than institutional ones as part of its indemnity plan because of the fall in the rates of UST and LUNA. Buterin and Zhao supported the reimbursement initiative by a Twitter user nicknamed PersianCapital.
https://getblock.net/en/news/ethereum-co-founder-and-binance-chief-urged-terra-to-focus-on-compensating-small-investors
☝Ethereum blockchain co-founder Vitalik Buterin and Binance cryptocurrency exchange chief Changpeng Zhao believe that the Terra project should give priority to retail investors rather than institutional ones as part of its indemnity plan because of the fall in the rates of UST and LUNA. Buterin and Zhao supported the reimbursement initiative by a Twitter user nicknamed PersianCapital.
https://getblock.net/en/news/ethereum-co-founder-and-binance-chief-urged-terra-to-focus-on-compensating-small-investors
🌕Luna Foundation Guard sold $2,3 billion worth of bitcoins to support UST
💸On May 16, representatives of the Luna Foundation Guard (LFG), a non-profit organization created to support the Terra ecosystem, confirmed the sale of $2,3 billion worth of bitcoins to support the UST stablecoin. There are 313 BTC, 39 914 BNB, 1,9 million AVAX, 1,8 billion UST, and 222,7 million LUNA (of which 221 million are currently staked) left in the organization’s reserve. The LFG representatives reported that they hope to use the remaining assets to compensate UST holders, primarily the smallest ones.
https://getblock.net/en/news/luna-foundation-guard-sold-23-billion-worth-of-bitcoins-to-support-ust
💸On May 16, representatives of the Luna Foundation Guard (LFG), a non-profit organization created to support the Terra ecosystem, confirmed the sale of $2,3 billion worth of bitcoins to support the UST stablecoin. There are 313 BTC, 39 914 BNB, 1,9 million AVAX, 1,8 billion UST, and 222,7 million LUNA (of which 221 million are currently staked) left in the organization’s reserve. The LFG representatives reported that they hope to use the remaining assets to compensate UST holders, primarily the smallest ones.
https://getblock.net/en/news/luna-foundation-guard-sold-23-billion-worth-of-bitcoins-to-support-ust
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⚠️Investor Mark Mobius warned crypto traders against buying the dip
💵Mark Mobius, an investor and founder of the management company Mobius Capital Partners, has warned cryptocurrency traders against using the buy the dip strategy. He believes that the strategy will not work until the price of bitcoin reaches $20 000, from where a rebound may occur. Mobius added that if that does not happen, the next target would be $10 000.
https://getblock.net/en/news/investor-mark-mobius-warned-crypto-traders-against-buying-the-dip
💵Mark Mobius, an investor and founder of the management company Mobius Capital Partners, has warned cryptocurrency traders against using the buy the dip strategy. He believes that the strategy will not work until the price of bitcoin reaches $20 000, from where a rebound may occur. Mobius added that if that does not happen, the next target would be $10 000.
https://getblock.net/en/news/investor-mark-mobius-warned-crypto-traders-against-buying-the-dip
💥 Cryptocurrency price dynamics 17.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana showed the biggest gain overnight: +4.5%.
🟢 BTC - $ 30 443,21 (+1.4%)
🟢 ETH - $ 2 077,97 (+1.5%)
🟢 BNB - $ 306,11 (+2.8%)
🟢 XRP - $ 0,435875 (+3.6%)
🟢 ADA - $ 0,577712 (+1.9%)
🟢 SOL - $ 56,70 (+4.5%)
🟢 DOT - $ 11,5 (+1.5%)
🟢 DOGE - $ 0,090416 (+1.9%)
🟢 AVAX - $ 34,38 (+2.7%)
🟢 SHIB - $ 0.00001266 (+2.8%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana showed the biggest gain overnight: +4.5%.
🟢 BTC - $ 30 443,21 (+1.4%)
🟢 ETH - $ 2 077,97 (+1.5%)
🟢 BNB - $ 306,11 (+2.8%)
🟢 XRP - $ 0,435875 (+3.6%)
🟢 ADA - $ 0,577712 (+1.9%)
🟢 SOL - $ 56,70 (+4.5%)
🟢 DOT - $ 11,5 (+1.5%)
🟢 DOGE - $ 0,090416 (+1.9%)
🟢 AVAX - $ 34,38 (+2.7%)
🟢 SHIB - $ 0.00001266 (+2.8%)
🐒NFT from the BAYC collection sold for $200
💸Ape #6462 from the Bored Ape Yacht Club (BAYC) NFT collection was sold on the OpenSea platform for $200. This was reported on Twitter by Boredapebot, which tracks the sale of NFTs from the BAYC collection.
https://getblock.net/en/news/nft-from-the-bayc-collection-sold-for-200
💸Ape #6462 from the Bored Ape Yacht Club (BAYC) NFT collection was sold on the OpenSea platform for $200. This was reported on Twitter by Boredapebot, which tracks the sale of NFTs from the BAYC collection.
https://getblock.net/en/news/nft-from-the-bayc-collection-sold-for-200
💰TRON founder to allocate $10 million to the Terra community
🗣TRON blockchain founder Justin Sun has offered his help to the Terra community following the collapse of the UST stablecoin and LUNA token rates. On Twitter, he announced his intention to allocate $10 million to reimburse 236 000 UST holders. Sun concurred with a social network user nicknamed PersianCapital, who offered to support small investors.
https://getblock.net/en/news/tron-founder-to-allocate-10-million-to-the-terra-community
🗣TRON blockchain founder Justin Sun has offered his help to the Terra community following the collapse of the UST stablecoin and LUNA token rates. On Twitter, he announced his intention to allocate $10 million to reimburse 236 000 UST holders. Sun concurred with a social network user nicknamed PersianCapital, who offered to support small investors.
https://getblock.net/en/news/tron-founder-to-allocate-10-million-to-the-terra-community
Cardano
An interesting situation is developing on the daily timeframe of the ADA token. In mid-March, the altcoin broke out of the downtrend in which it had been since September 2021. Despite this, the cryptocurrency price continued to decline in April and May amid a drop in the value of bitcoin. In May, the ADA rate fell to $0,4 for the first time since February 2021.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/ada-review-dated-17052022
#ADA #Analytics
An interesting situation is developing on the daily timeframe of the ADA token. In mid-March, the altcoin broke out of the downtrend in which it had been since September 2021. Despite this, the cryptocurrency price continued to decline in April and May amid a drop in the value of bitcoin. In May, the ADA rate fell to $0,4 for the first time since February 2021.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/ada-review-dated-17052022
#ADA #Analytics
💸Binance lost $1,6 billion in unrealized profits to the collapse of LUNA
📉Cryptocurrency exchange Binance has lost more than $1,6 billion in unrealized profits from its investments in the Terra (LUNA) token after the collapse of its rate. This was announced on Twitter by the head of the exchange Changpeng Zhao.
https://getblock.net/en/news/binance-lost-16-billion-in-unrealized-profits-to-the-collapse-of-luna
📉Cryptocurrency exchange Binance has lost more than $1,6 billion in unrealized profits from its investments in the Terra (LUNA) token after the collapse of its rate. This was announced on Twitter by the head of the exchange Changpeng Zhao.
https://getblock.net/en/news/binance-lost-16-billion-in-unrealized-profits-to-the-collapse-of-luna
🔮Bloomberg analyst predicted bitcoin and Ethereum to rise amid the Fed’s actions
📊Bloomberg Intelligence senior analyst Mike McGlone believes that only bitcoin and Ethereum will benefit in the long run from the US Federal Reserve System’s (Fed) policy tightening. He added that temporary declines in cryptocurrency rates amid a falling stock market are the norm. McGlone told about this in a podcast on Yahoo Finance.
https://getblock.net/en/news/bloomberg-analyst-predicted-bitcoin-and-ethereum-to-rise-amid-the-feds-actions/
📊Bloomberg Intelligence senior analyst Mike McGlone believes that only bitcoin and Ethereum will benefit in the long run from the US Federal Reserve System’s (Fed) policy tightening. He added that temporary declines in cryptocurrency rates amid a falling stock market are the norm. McGlone told about this in a podcast on Yahoo Finance.
https://getblock.net/en/news/bloomberg-analyst-predicted-bitcoin-and-ethereum-to-rise-amid-the-feds-actions/
📈Crypto analyst predicted bitcoin price rebounds after fall to $28 800
🗣Cryptocurrency analyst and trader Justin Bennett has reported that bitcoin has probably reached a local bottom after it managed to recover a key support level. On Twitter, he spoke about a possible rise in the price of BTC that will “run beyond most expectations.”
https://getblock.net/en/news/crypto-analyst-predicted-bitcoin-price-rebounds-after-fall-to-28-800
🗣Cryptocurrency analyst and trader Justin Bennett has reported that bitcoin has probably reached a local bottom after it managed to recover a key support level. On Twitter, he spoke about a possible rise in the price of BTC that will “run beyond most expectations.”
https://getblock.net/en/news/crypto-analyst-predicted-bitcoin-price-rebounds-after-fall-to-28-800