Auto Added by WPeMatico

Bitcoin Shorts Hit Two-Year Record As The FTX Collapse Makes Waves, CoinShares Reports

As bad news regarding FTX’s bankruptcy keep appearing in crypto (and mainstream) media, investors have rushed to bet against bitcoin and the crypto market, with bear positions hitting two-year highs.…

Continue ReadingBitcoin Shorts Hit Two-Year Record As The FTX Collapse Makes Waves, CoinShares Reports

$11K or $9K: Bitcoin’s Expected Bottom Based on Previous Bear Markets

The past year or so has not been kind to the primary cryptocurrency, following many industry and macroeconomic adversities. Even though the asset has lost roughly 80% of its value…

Continue Reading$11K or $9K: Bitcoin’s Expected Bottom Based on Previous Bear Markets

Golden State Warriors Pause FTX Relationship

One of the most successful NBA teams – Golden State Warriors – reportedly paused all marketing endeavors related to the distressed crypto exchange FTX. The latter filed for bankruptcy last…

Continue ReadingGolden State Warriors Pause FTX Relationship

Coinbase Dismisses 60 People due to the Intensifying Crypto Winter (Report)

The US-based cryptocurrency exchange – Coinbase – reportedly reduced its team by 60 people following the FTX saga and the consecutive plunge of the market. Chief Financial Officer Alesia Haas…

Continue ReadingCoinbase Dismisses 60 People due to the Intensifying Crypto Winter (Report)

$640 Million Liquidated Amid Binance-FTX Fiasco, FTT Drops Below $10

Over $640 million in trades have been liquidated from crypto markets in the aftermath of FTX’s drama with Binance. Markets experienced a brief rally after Binance announced its intention to…

Continue Reading$640 Million Liquidated Amid Binance-FTX Fiasco, FTT Drops Below $10

Almost $400 Million in Liquidations as BTC Drops Below 20K

Despite the rally during the past couple of weeks, the cryptocurrency took a beating today. Bitcoin’s price plunged by more than 5%, dropping $20K. The total liquidations on a 24-hour…

Continue ReadingAlmost $400 Million in Liquidations as BTC Drops Below 20K