Decoding why BTC, XRP, ADA-focused investment products saw ‘pity' inflows

Investors in the cryptocurrency universe went scrambling after the dramatic crash of the stablecoin TerraUSD. This sudden fall triggered a sell-off and chaotic situation within the crypto market.

Timeline of Cardano, Bitcoin, Xrp

A popular crypto investor thinks Bitcoin (BTC) is trading within a pattern indicating BTC bulls are about to take over the market. Real Vision CEO Raoul Pal says in a new video that Bitcoin is forming a falling wedge pattern, a technical formation that signals future bullish momentum. According to the macro guru, BTC just The post Former Goldman Sachs Executive Raoul Pal Says Bitcoin (BTC) Forming Massive Bullish Technical Pattern appeared first on The Daily Hodl.

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin's global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World's

Data shows the Bitcoin 7-day average spot trading volume has continued to shoot up this week as trading activity in the market lights up. Bitcoin Market Observes More Than $10 Billion In Volume In Past Week According to the latest weekly report from Arcane Research, the BTC Trading volume has seen further growth this week.

Data shows the Bitcoin market sentiment has remained deep in extreme fear this week as broader financial markets also get fearful. Bitcoin Fear And Greed Index Shows A Value Of 12 This Week As per the latest weekly report from Arcane Research, the wider financial market is at its highest level of fear since the COVID crash in 2020.

China's underground Bitcoin mining hashrate contributes 22% to global mining hashrate as it increases by 3% in the three months leading to January, 2022 amidst government crackdown. Per data from a chart provided by Cambridge Bitcoin Electricity Data, mining hashrate seems to be on the increase in Mainland China despite the government crackdown on Bitcoin The post U.S. Is Winning Bitcoin Mining Race But China Still Not Out Of Picture: Report appeared first on CoinGape.

Quick Take Founded in 2013, Mercado Bitcoin is one of the largest crypto exchanges in Latin America – its parent company, 2TM Group, has a diversified crypto company portfolio that provides services beyond Mercado Bitcoin's trading functions After completing its Undisclosed Series A and +250mm Series B in 2021, 2TM Group has actively deployed capital for strategic acquisitions, product development and business expansion in new regions

The Director of Global Macro at Fidelity, Jurrien Timmer, tweeted his analysis of the current situation following Bitcoin's sell-off in recent weeks. The post BTC-gold ratio suggests Bitcoin is at ‘solid support' appeared first on CryptoSlate.

The whole UST debacle has seen traders emboldened in the market against stablecoins. The result of this had been more investors going after the pegs of other stablecoins such as USDT and trying to see if they can destabilize the coin.

The chief executive of a leading crypto analytics firm is revealing that, before last week's sell-off, insiders sent tens of thousands of Bitcoin (BTC) to crypto exchange Binance. Quant analyst Ki Young Ju tells his 291,700 Twitter followers that crypto insiders, which he refers to as market makers, transferred around 84,000 BTC worth roughly $2.5 The post Crypto Insiders Have Sent $2,500,000,000 in Bitcoin to Binance, According to Quant Analyst – Are They Finished Selling? appeared first on The Daily Hodl.

Bitcoin's seventh week in red continues while the previous six-week record happened back in 2014 so let's read more today in our latest Bitcoin news today. Bitcoin's seventh week of losses is unprecedented.