📋Glassnode analysts announced the “darkest” phase of the crypto market decline
📊Analytics firm Glassnode has released a report announcing the start of the “darkest” phase of the bear market. Although a number of indicators point to oversold conditions, bitcoin remains correlated with traditional markets and prices are declining concurrently. Micrometric indicators, such as the realized capitalization to transaction value (RVT) ratio, also continue to decline.
https://getblock.net/en/news/glassnode-analysts-announced-the-darkest-phase-of-the-crypto-market-decline
📊Analytics firm Glassnode has released a report announcing the start of the “darkest” phase of the bear market. Although a number of indicators point to oversold conditions, bitcoin remains correlated with traditional markets and prices are declining concurrently. Micrometric indicators, such as the realized capitalization to transaction value (RVT) ratio, also continue to decline.
https://getblock.net/en/news/glassnode-analysts-announced-the-darkest-phase-of-the-crypto-market-decline
💵Galaxy Digital CEO called indicators of bottom for bitcoin and Ethereum rates
📉Mike Novogratz, CEO of the Galaxy Digital investment company, has said that cryptocurrency rates are closer to a bottom than the US stock market. In his view, the bottom line for BTC will be $20 000 and for ETH it will be $1000. This is reported by Bloomberg, citing Novogratz’s speech during the Morgan Stanley Financials Conference.
https://getblock.net/en/news/galaxy-digital-ceo-called-indicators-of-bottom-for-bitcoin-and-ethereum-rates
📉Mike Novogratz, CEO of the Galaxy Digital investment company, has said that cryptocurrency rates are closer to a bottom than the US stock market. In his view, the bottom line for BTC will be $20 000 and for ETH it will be $1000. This is reported by Bloomberg, citing Novogratz’s speech during the Morgan Stanley Financials Conference.
https://getblock.net/en/news/galaxy-digital-ceo-called-indicators-of-bottom-for-bitcoin-and-ethereum-rates
💥 Cryptocurrency price dynamics 15.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Tron showed the biggest drop overnight: -19.5%.
🔴 BTC - $ 21,238.67(6.1%)
🔴 ETH - $ 1,123.62 (-7.8%)
🔴 BNB - $ 211.43 (-6.7%)
🔴 ADA - $ 0.462958 (-4.6%)
🔴 XRP - $ 0.304335 (-4.6%)
🔴 SOL - $28.11 (-6.9%)
🔴 DOT - $7.17 (-1.6%)
🔴 DOGE - $ 0.052212 (-8.8%)
🔴 TRX - $ 0.050397 (-19.5%)
🔴 SHIB - $ 0.00000782 (-6.3%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Tron showed the biggest drop overnight: -19.5%.
🔴 BTC - $ 21,238.67(6.1%)
🔴 ETH - $ 1,123.62 (-7.8%)
🔴 BNB - $ 211.43 (-6.7%)
🔴 ADA - $ 0.462958 (-4.6%)
🔴 XRP - $ 0.304335 (-4.6%)
🔴 SOL - $28.11 (-6.9%)
🔴 DOT - $7.17 (-1.6%)
🔴 DOGE - $ 0.052212 (-8.8%)
🔴 TRX - $ 0.050397 (-19.5%)
🔴 SHIB - $ 0.00000782 (-6.3%)
⚠️South Korean exchange Upbit warned of risks for TRX and WAVES tokens
🇰🇷Upbit, one of the largest cryptocurrency exchanges in South Korea, has issued a warning about possible risks associated with TRON(TRX) and Waves (WAVES) tokens. The platform believes that asset rates may be volatile as the associated algorithmic stablecoins, USDD and USDN, have lost their peg to the US dollar. The exchange probably fears a repeat of the situation with the collapse of the Terra (LUNA) token and its UST stablecoin.
https://getblock.net/en/news/south-korean-exchange-upbit-warned-of-risks-for-trx-and-waves-tokens
🇰🇷Upbit, one of the largest cryptocurrency exchanges in South Korea, has issued a warning about possible risks associated with TRON(TRX) and Waves (WAVES) tokens. The platform believes that asset rates may be volatile as the associated algorithmic stablecoins, USDD and USDN, have lost their peg to the US dollar. The exchange probably fears a repeat of the situation with the collapse of the Terra (LUNA) token and its UST stablecoin.
https://getblock.net/en/news/south-korean-exchange-upbit-warned-of-risks-for-trx-and-waves-tokens
Bitcoin
The $20 000 level is supporting the bitcoin rate for now. The lack of upward movement and repeatedly testing of support may indicate that sellers are determined to push the bitcoin price below $20 000. In that case, the price of the cryptocurrency can fall up to $12 000.
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-05062022
#BTC #Analytics
The $20 000 level is supporting the bitcoin rate for now. The lack of upward movement and repeatedly testing of support may indicate that sellers are determined to push the bitcoin price below $20 000. In that case, the price of the cryptocurrency can fall up to $12 000.
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-05062022
#BTC #Analytics
💰Cardano’s capitalization increased by $2 billion in 24 hours
⬆️Over the past 24 hours, the native token of the Cardano (ADA) blockchain has seen strong growth, rising in price by more than 10%. As of June 14, 13:50 UTC, the altcoin is trading at $0,49, according to Binance. The asset’s market capitalization rose from $15,02 billion to $17,12 billion despite a general drop in asset prices in the cryptocurrency market, according to CoinMarketCap. The figure later dropped to $16,8 billion.
https://getblock.net/en/news/cardanos-capitalization-increased-by-2-billion-in-24-hours
⬆️Over the past 24 hours, the native token of the Cardano (ADA) blockchain has seen strong growth, rising in price by more than 10%. As of June 14, 13:50 UTC, the altcoin is trading at $0,49, according to Binance. The asset’s market capitalization rose from $15,02 billion to $17,12 billion despite a general drop in asset prices in the cryptocurrency market, according to CoinMarketCap. The figure later dropped to $16,8 billion.
https://getblock.net/en/news/cardanos-capitalization-increased-by-2-billion-in-24-hours
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⚡️Analyst Michaël van de Poppe called altcoin with the potential to grow threefold
📊The crypto trader has discovered a promising token with a low capitalization.
https://getblock.net/en/news/analyst-michael-van-de-poppe-called-altcoin-with-the-potential-to-grow-threefold/
📊The crypto trader has discovered a promising token with a low capitalization.
https://getblock.net/en/news/analyst-michael-van-de-poppe-called-altcoin-with-the-potential-to-grow-threefold/
💼Coinbase to cut staff amid falling crypto market
📉Cryptocurrency exchange Coinbase will reduce the number of employees by about 18%. This decision has been taken as part of the platform’s cost-cutting efforts amid the coming crypto winter on the market. The company has already developed several programs in order to minimize the impact on the downsized employees. This was announced on Twitter by Coinbase CEO Brian Armstrong.
https://getblock.net/en/news/coinbase-to-cut-staff-amid-falling-crypto-market
📉Cryptocurrency exchange Coinbase will reduce the number of employees by about 18%. This decision has been taken as part of the platform’s cost-cutting efforts amid the coming crypto winter on the market. The company has already developed several programs in order to minimize the impact on the downsized employees. This was announced on Twitter by Coinbase CEO Brian Armstrong.
https://getblock.net/en/news/coinbase-to-cut-staff-amid-falling-crypto-market
❌New York mayor opposed imposing moratorium on mining
⛏New York City Mayor Eric Adams has opposed imposing a two-year moratorium on cryptocurrency mining in the state. He plans to convince State Governor Kathy Hochul to veto the bill previously approved by the Senate. This is reported by Crain’s New York Business.
https://getblock.net/en/news/new-york-mayor-opposed-imposing-moratorium-on-mining
⛏New York City Mayor Eric Adams has opposed imposing a two-year moratorium on cryptocurrency mining in the state. He plans to convince State Governor Kathy Hochul to veto the bill previously approved by the Senate. This is reported by Crain’s New York Business.
https://getblock.net/en/news/new-york-mayor-opposed-imposing-moratorium-on-mining
☝️Celsius hired lawyers to conduct restructuring
⚠️️#Crypto lending platform #Celsius has hired lawyers to restructure the company following the freezing of its customers’ accounts. Law firm Akin Gump Strauss Hauer & Feld LLP has become a partner of FCelsius. This is reported by The Wall Street Journal, citing its own sources
#Cryptocurrency #GetBlock_EN
https://getblock.net/en/news/celsius-hired-lawyers-to-conduct-restructuring/
⚠️️#Crypto lending platform #Celsius has hired lawyers to restructure the company following the freezing of its customers’ accounts. Law firm Akin Gump Strauss Hauer & Feld LLP has become a partner of FCelsius. This is reported by The Wall Street Journal, citing its own sources
#Cryptocurrency #GetBlock_EN
https://getblock.net/en/news/celsius-hired-lawyers-to-conduct-restructuring/
☝️Bill Gates called NFTs “shams”
🗣️Microsoft co-founder and billionaire Bill Gates has called cryptocurrency projects, especially NFTs, “shams based on the greater fool theory.” He made this statement on June 14 as part of a speech at a conference on fighting climate change organized by TechCrunch.
https://getblock.net/en/news/bill-gates-called-nfts-shams
🗣️Microsoft co-founder and billionaire Bill Gates has called cryptocurrency projects, especially NFTs, “shams based on the greater fool theory.” He made this statement on June 14 as part of a speech at a conference on fighting climate change organized by TechCrunch.
https://getblock.net/en/news/bill-gates-called-nfts-shams
😁2
🔍SEC launched investigation into measures to counter insider trading on crypto exchanges
🇺🇸The US Securities and Exchange Commission (SEC) has launched a large-scale investigation to find out whether cryptocurrency exchanges have proper security measures in place to prevent insider trading on their platforms. The regulator has sent a letter to a major exchange requesting information on how it counters insider trading. There is a possibility that other platforms have also received such a request, FOX Business reports, citing sources.
https://getblock.net/en/news/sec-launched-investigation-into-measures-to-counter-insider-trading-on-crypto-exchanges
🇺🇸The US Securities and Exchange Commission (SEC) has launched a large-scale investigation to find out whether cryptocurrency exchanges have proper security measures in place to prevent insider trading on their platforms. The regulator has sent a letter to a major exchange requesting information on how it counters insider trading. There is a possibility that other platforms have also received such a request, FOX Business reports, citing sources.
https://getblock.net/en/news/sec-launched-investigation-into-measures-to-counter-insider-trading-on-crypto-exchanges
⚠️SEC chief said risks to traditional market because of the crypto regulation bill
💭US Securities and Exchange Commission (SEC) Chair Gary Gensler has expressed concern that a bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market. Speaking at The Wall Street Journal’s Summit, Gensler commented on the document, introduced by Senators Cynthia Lummis and Kirsten Gillibrand on June 7.
https://getblock.net/en/news/sec-chief-said-risks-to-traditional-market-because-of-the-crypto-regulation-bill
💭US Securities and Exchange Commission (SEC) Chair Gary Gensler has expressed concern that a bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market. Speaking at The Wall Street Journal’s Summit, Gensler commented on the document, introduced by Senators Cynthia Lummis and Kirsten Gillibrand on June 7.
https://getblock.net/en/news/sec-chief-said-risks-to-traditional-market-because-of-the-crypto-regulation-bill
💥 Cryptocurrency price dynamics 16.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ The biggest gain overnight was shown by - Tron: +22.8%.
🟢 BTC - $ 21,957.93 (+3.4%)
🟢 ETH - $ 1,185.03 (+5.5%)
🟢 BNB - $ 226.91 (+7.3%)
🟢 ADA - $ 0.512903 (+10.7%)
🟢 XRP - $ 0.335645 (+10.4%)
🟢 SOL - $ 33.72 (+19.9%)
🟢 DOT - $ 8.01 (+11.6%)
🟢 DOGE - $0.059440 (+14.0%)
🟢 TRX - $ 0.062091 (+22.8%)
🟢 SHIB - $ 0.00000848 (+8.2%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ The biggest gain overnight was shown by - Tron: +22.8%.
🟢 BTC - $ 21,957.93 (+3.4%)
🟢 ETH - $ 1,185.03 (+5.5%)
🟢 BNB - $ 226.91 (+7.3%)
🟢 ADA - $ 0.512903 (+10.7%)
🟢 XRP - $ 0.335645 (+10.4%)
🟢 SOL - $ 33.72 (+19.9%)
🟢 DOT - $ 8.01 (+11.6%)
🟢 DOGE - $0.059440 (+14.0%)
🟢 TRX - $ 0.062091 (+22.8%)
🟢 SHIB - $ 0.00000848 (+8.2%)
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📉GMT and GST token rates of the STEPN project collapsed by 60% and 92% in a month
👟GMT and GST token rates of the STEPN blockchain game have collapsed by 60% and 92% over the month. As of June 15, 11:20 UCT, GMT is trading at $0,57, having lost in price 9,17% per day. The asset reached its maximum values during the month on May 17 at $1,64. The GST rate was $0,23, down by 4,5% per day. In May, the token rate rose to $3,03, according to cryptocurrency exchange Binance.
https://getblock.net/en/news/gmt-and-gst-token-rates-of-the-stepn-project-collapsed-by-60-and-92-in-a-month/
👟GMT and GST token rates of the STEPN blockchain game have collapsed by 60% and 92% over the month. As of June 15, 11:20 UCT, GMT is trading at $0,57, having lost in price 9,17% per day. The asset reached its maximum values during the month on May 17 at $1,64. The GST rate was $0,23, down by 4,5% per day. In May, the token rate rose to $3,03, according to cryptocurrency exchange Binance.
https://getblock.net/en/news/gmt-and-gst-token-rates-of-the-stepn-project-collapsed-by-60-and-92-in-a-month/
Bitcoin
Another wedge can be seen on the daily chart, with the lower edge passing around $20 000, where an important support level is located. Following the 0,75 bps increase in the US key rate on the evening of June 15, bitcoin has strengthened short-term. Despite this, the market continues to be globally dominated by sellers, so no significant bitcoin growth should be expected in the near time.
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-16062022
#BTC #Analytics
Another wedge can be seen on the daily chart, with the lower edge passing around $20 000, where an important support level is located. Following the 0,75 bps increase in the US key rate on the evening of June 15, bitcoin has strengthened short-term. Despite this, the market continues to be globally dominated by sellers, so no significant bitcoin growth should be expected in the near time.
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-16062022
#BTC #Analytics
💥Largest daily bitcoin inflows to crypto exchanges in four years recorded
📊On June 14, traders deposited 59 376 bitcoins ($1,25 billion at the June 15 rate, according to Binance) to cryptocurrency exchanges, according to the analytics platform CryptoQuant. This is the largest inflow of BTC to platforms since November 30, 2018. The growing selling pressure may be due to the fact that the first cryptocurrency’s rate dipped as low as $20 181 on that day. As of June 15, 12:00 UCT, the asset is trading at $21 104.
https://getblock.net/en/news/largest-daily-bitcoin-inflows-to-crypto-exchanges-in-four-years-recorded
📊On June 14, traders deposited 59 376 bitcoins ($1,25 billion at the June 15 rate, according to Binance) to cryptocurrency exchanges, according to the analytics platform CryptoQuant. This is the largest inflow of BTC to platforms since November 30, 2018. The growing selling pressure may be due to the fact that the first cryptocurrency’s rate dipped as low as $20 181 on that day. As of June 15, 12:00 UCT, the asset is trading at $21 104.
https://getblock.net/en/news/largest-daily-bitcoin-inflows-to-crypto-exchanges-in-four-years-recorded
💰TRON to withdraw 2,5 billion TRX tokens from Binance to restore the USDD peg
💻The TRON DAO Reserve (TDR), a decentralized autonomous organization, has announced its intention to withdraw 2,5 billion TRX tokens ($137,5 million) from cryptocurrency exchange Binance. TDR representatives wrote on Twitter that this move is intended “to safeguard the overall blockchain industry and crypto market.” On June 12, the algorithmic stablecoin USDD, of which TRON is the issuer, began losing its peg to the US dollar. As of June 15, 12:40 UCT, its rate is $0,97. The native TRON (TRX) token is trading at $0,055, down in price by 5,64% in 24 hours.
https://getblock.net/en/news/tron-to-withdraw-25-billion-trx-tokens-from-binance-to-restore-the-usdd-peg
💻The TRON DAO Reserve (TDR), a decentralized autonomous organization, has announced its intention to withdraw 2,5 billion TRX tokens ($137,5 million) from cryptocurrency exchange Binance. TDR representatives wrote on Twitter that this move is intended “to safeguard the overall blockchain industry and crypto market.” On June 12, the algorithmic stablecoin USDD, of which TRON is the issuer, began losing its peg to the US dollar. As of June 15, 12:40 UCT, its rate is $0,97. The native TRON (TRX) token is trading at $0,055, down in price by 5,64% in 24 hours.
https://getblock.net/en/news/tron-to-withdraw-25-billion-trx-tokens-from-binance-to-restore-the-usdd-peg
😱Three Arrows Capital fund accused of stealing $1 million
💰Danny Yuan, CEO of 8BlocksCapital, a trading firm, said that Three Arrows Capital (3AC) stole $1 million from their accounts to increase their balance sheet to secure borrowed funds and avoid bankruptcy.
https://getblock.net/en/news/three-arrows-capital-fund-accused-of-stealing-1-million
💰Danny Yuan, CEO of 8BlocksCapital, a trading firm, said that Three Arrows Capital (3AC) stole $1 million from their accounts to increase their balance sheet to secure borrowed funds and avoid bankruptcy.
https://getblock.net/en/news/three-arrows-capital-fund-accused-of-stealing-1-million
🚕Binance provided the ability to pay for taxis with BNB tokens
👍Cryptocurrency exchange Binance has provided its customers with the ability to pay for taxis with the platform’s native tokens BNB. The service became available as part of Binance’s partnership with Splyt, a superapp enabler. The exchange’s head Changpeng Zhao shared instructions on how to use this option.
https://getblock.net/en/news/binance-provided-the-ability-to-pay-for-taxis-with-bnb-tokens
👍Cryptocurrency exchange Binance has provided its customers with the ability to pay for taxis with the platform’s native tokens BNB. The service became available as part of Binance’s partnership with Splyt, a superapp enabler. The exchange’s head Changpeng Zhao shared instructions on how to use this option.
https://getblock.net/en/news/binance-provided-the-ability-to-pay-for-taxis-with-bnb-tokens
🔍Celsius engaged Citigroup to find sources of financing
❄️Crypto lending platform Celsius has hired experts from the financial conglomerate Citigroup to advise on possible solutions to the company’s problems in connection with the freezing of its customers’ funds. In particular, in question is finding new sources of financing for Celsius. This is reported by The Block, citing its own sources.
https://getblock.net/en/news/celsius-engaged-citigroup-to-find-sources-of-financing
❄️Crypto lending platform Celsius has hired experts from the financial conglomerate Citigroup to advise on possible solutions to the company’s problems in connection with the freezing of its customers’ funds. In particular, in question is finding new sources of financing for Celsius. This is reported by The Block, citing its own sources.
https://getblock.net/en/news/celsius-engaged-citigroup-to-find-sources-of-financing