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Bitcoin (BTC) crashed recently, dragging the entire cryptocurrency market down, with over $300 billion erased from the total capitalization since July 3. In the last 24 hours, over 230,000 crypto traders lost more than $660 million in long-squeeze liquidations. Finbold retrieved liquidation data from CoinGlass on July 5, evidencing the damage caused by this recent crash . In particular, $662.90 million of liquidations took place, with $565.08 million coming from long-position crypto traders . The long squeeze affected 233,088 traders , and Binance‘s ETH/USDT pair had the largest order, with $18.48 million. Yet, Bitcoin liquidated over $212 million from traders , while Ethereum (ETH) liquidated $167 million. They represent 32% and 25% of the total liquidations, respectively, of which 85% were from longs. Picks for you Will Mt. Gox rep...

The crypto currency market remains volatile, heavily influenced by broader economic factors. Recent U.S. job growth data exceeded expectations, indicating the economy is coping well with higher interest rates. This reduces the likelihood of rate cuts, which impacts the flow of money into riskier investments like cryptocurrencies. Amid this backdrop, Finbold has identified two cryptocurrencies projected to achieve a $25 billion market cap by the second half of the year. Picks for you Crypto influencer lost $8 million in one month from a $15 million investment 45 mins ago 2-year high: Nearly $200 billion cryptocurrencies invested in DeFi 2 hours ago ...

Following Bitcoin’s (BTC) recent drop to $61,000, the cryptocurrency market is alive with speculation and excitement about a potential altcoin season. Analysts are forecasting a significant upturn in altcoin valuations, driven by Bitcoin’s price movements and broader market dynamics. As Bitcoin stabilizes, the spotlight shifts to a diverse array of altcoins poised to lead the next market cycle. The expanding role of decentralized finance (DeFi), continuous improvements in blockchain scalability, and the increasing use of smart contracts are key factors expected to fuel a significant altcoin rally. This surge is anticipated to push several altcoins beyond the $5 billion market cap mark, signifying a major milestone in their valuation and influence within the broader cryptocurrency landscape. Picks for you Here’s when Gold price could hit $3,000 49 mins ago Britain's famous YouTuber and "The Nightmare" in the ring - KSI's net worth reve...

Some cryptocurrency analysts, experts, and researchers believe we are already in a bull market since 2023. Others believe cryptocurrencies have just started rising from consolidation, while some think there is a long way ahead before getting optimistic. Dr. Martin Hiesboeck, Head of Research at Uphold, belongs to the second group. Particularly, Dr. Hiesboeck declared this cycle’s bull market start ing on January 24 through a post on X (formerly Twitter). “Today begins the biggest bull market in crypto history. Just a thought.” – Dr. Martin Hiesboeck, Head of Research at Uphold Uphold’s top researcher declares start of major crypto bull market. Source: X (@MHiesboeck) In retrospect, bear and bull markets are identified by zooming out the charts, spotting tops and bottoms in long time frames. However, the shorter the time frame, the harder to properly identify these cycles’ marks through startings and endings. Bull market? Crypto total market cap analysis Techno...

Explore defi’s initial promise in revolutionizing finance and its journey through market fluctuations and challenges. Emerging as a byproduct of the blockchain revolution, decentralized finance (defi) initially promised a radical shift in the financial sector. However, its journey has been marked by significant fluctuations and challenges. In 2021, DeFi experienced a surge, aligning with the broader bullish sentiment in the crypto market. Its market cap soared to nearly $180 billion in Nov. 2021, underlining the immense investor interest and confidence in this nascent sector.  This period was characterized by innovative financial models, a surge in decentralized lending, and the emergence of yield farming, which attracted both retail and institutional investors. However, this rapid growth was not without its drawbacks. The defi sector faced hurdles, including scalability issues, high transaction fees, especially on networks like Ethereum (ETH), and a plethora of scams th...

Cryptocurrency traders usually consider price the leading index for past analysis and future projections. However, tokenomics and supply inflation can drastically impact the price of any asset, and crypto investors can use the market cap as a demand index to evaluate these effects. In this context, Finbold looked at Ethereum (ETH) tokenomics from a capitalization perspective. Public market data from cryptocurrency indexes can demonstrate the effects of increased supply inflation on Ethereum. We calculated the exact price ETH would trade if it ever hits the all-time high market cap. An inflationary supply requires more demand to maintain its value over time. These two factors determine whether a cryptocurrency’s price rises or falls. Ethereum, with its unique tokenomics design, is a prime example of this dynamic. Ethereum had an all -time high market cap of $575.899 billion on November 10, 2021, according to TradingView ’s CRYPTOCAP index. Meanwhile, Ether trade d for as high as $...

During this week, the US National Debt reached its all-time high value, for an accumulated debt of over $33 trillion, which has made economists question the United States’ abilities to honor their financial obligations to Treasury investors. Interestingly, the US national debt is now over 33 times higher than cryptocurrencies’ total market capitalization of $1.04 trillion. Crypto total market cap chart. Source: CoinMarketCap This means that the United States government would need the equivalent of all the money in more than 30 crypto market s in order to repay all the investors that somehow are betting on the country’s financial health, effectively lending money to this government through US Treasury bonds. When converted to values in Bitcoin (BTC), the dominant crypto currency with over 50% of the entire market cap, this debt would be equal to 60 times the total supply of 21 million BTC. Cryptocurrency Each taxpayer would need to pay 10 BTC to get even wit...

Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down. Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire.  In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from organizations such as PayPal that are new to the stablecoin space: “I expect you will see many many, not just internet payments firms, but also all kinds of financial services companies and others begin to get more involved in this. It’s great to have this new competition. I do think it’s going to drive more and more companies into the field.” Related: PayPal launches PYUSD stablecoin for payment Circle is best known for its USDC (USDC) stablecoin, a digital token similar in design to regular cryptocurrency but backe...

Cointelegraph analyst and writer Marcel Pechman explains how Argentina’s 150% inflation is actually helping the altcoin market by luring more investors. On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation , which proves that people continue to work and consume (somehow) even if their local currency loses its value. What is the lesson here? For starters, everyone wants free money. That explains why altcoin s and airdrops continue to attract attention, regardless of whether the majority of investors end up being unprofitable. You might think that those investors would quickly learn their lesson, but in reality, quite the opposite occurs. All it takes is a new market ing strategy — a new way of promising free money — just like the Argentines have a tendency to forget the mess the governments have caused over the course of 10 years. For Pechman, the bottom line is: Forget any promise of free money or ...

CoinShares, a digital asset management firm, has reported a significant influx of institutional capital into the crypto markets, indicating a positive shift in investor sentiment. This information comes from CoinShares’ most recent Digital Asset Fund Flows Weekly Report. According to the report , the crypto market s have seen the highest inflows for 2023, following BlackRock’s application for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). You might also like: BlackRock nears bitcoin ETF filing, partnering with Coinbase custody The week witnessed the most significant weekly inflows since July 2022, amounting to $199 million. This influx corrected nearly half of the outflows observed over the previous nine consecutive weeks. The report further stated that exchange-traded product (ETP) trading volumes were 170% of the average for the current year, totaling $2.5 billion for the week. CoinShares attributes this renewed o...

There are currently more than 34,000 types of BRC-20 tokens in circulation. On June 21, self-custody wallet provider BitKeep announced support for BRC-20 tokens issued on the Bitcoin network. With the feature, users can view, rank and transfer BRC-20 tokens and nonfungible tokens (NFTs). Developers also stated BRC-20 in-wallet swaps are coming “in [the] future."  Last month, cryptocurrency exchange OKX also announced support for BRC-20 assets via the OKX Wallet app. Many centralized and decentralized exchanges have also rolled out BRC-20 support.  Although bullish on its outlook, Trust Wallet currently does not support BRC-20 token s. They also cannot currently be stored on MetaMask.  Best wallet for your #BRC20 assets! ️ Great news: BitKeep now supports #BTC #Taproot addresses! Easily manage your #Ordinals BRC20 Token/NFT assets in BitKeep wallet, and complete transactions with a simple click In future, we will also support the BRC20 #Swap function! pic.twitter.com/W48wsNH5k...

Binance CEO Changpeng Zhao has warned his followers about the false narrative circulating in the crypto market.  Zhao shared his take on the decline in altcoin prices today and the alleged conversion of Binance’s holdings to fiat. The crypto billionaire urged crypto investors to tread cautiously amid heightened greed and fear in the market.  Binance Chief Executive Changpeng Zhao has rubbished the ongoing rumors about his crypto exchange’s alleged conversion of crypto holdings to fiat over the past few months. Zhao also criticized crypto influencers on Twitter for pushing false narratives such as the alleged upcoming dump of $1.3 billion worth of Altcoins.  Why is the market is going up or down? No one really knows. A lot of people claim to know, and can often pin it on a single (often wrong) reason. In reality, there are many sellers and buyers in a market , everyone may have their own reasons. A few examples. False narrative:… pic.twitter.com/LQDkEOK2as — ...

A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level. Glassnode's latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of 14.161 million BTC. In contrast, short-term holders (STH), who acquired coins after FTX failed, have seen their supply balance of 2.914 million BTC remain relatively constant in 2023. Long-term holders are unfazed despite major downturns By April 12, 155 days had passed since the FTX exchange collapsed on Nov. 8, 2022. The 155-day mark is crucial because it is the minimum length of time that a Bitcoin holder must have held their coins to be classified as a long-term holder (LTH). Thus, the supply distribution can be divided into two halves, first, before FTX’s collapse to r...

The total crypto market cap has stalled at the $1.2 trillion level, but derivatives data shows bulls are preparing for the next breakout. After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained 0.3%, while Ether (ETH) posted modest gains of 1.6%. Total crypto market cap in USD, 12-hour. Source: TradingView One source of favorable short-term momentum is a change in the Federal Reserve’s monetary policy The U.S. Federal Reserve was forced to increase its balance sheet by $393 billion between March 9 and March 23 in order to provide short-term loans to failing banks. The objective of the plan was to reduce inflation, which has significantly impacted the cost of living and ultimately hampered ec...