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Luna’s BTC Reserves Gone as Exchanges Halt UST Withdrawals Amid Turbulent 24 Hours

The latest move by the cryptocurrency exchange comes after LFG decided to lend $1.5 billion in BTC and UST to defend the latter’s peg. Binance has announced temporarily suspending LUNA…

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Almost 47% of Bitcoin’s Supply at a Loss as BTC Price Crashed Below $30K

Bitcoin’s price crashed below $30K yesterday (on Binance) for the first time since July 2021. It reached a low of $29,730. Data from the popular analytics resource, CryptoQuant reveals that 46.8% of…

Continue ReadingAlmost 47% of Bitcoin’s Supply at a Loss as BTC Price Crashed Below $30K

For the First Time in 8 Years: Bitcoin Marks 6 Consecutive Red Weekly Candles

Bitcoin’s price has suffered quite a bit since the end of March, losing over $15,000 in this period. Moreover, the asset’s downwards trajectory has set a negative record as it…

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Bitcoin Breaks Below Multi-Month Support, Is $30K Retest Incoming? (BTC Price Analysis)

After consolidating above the $37K decisive level for a few weeks, Bitcoin was eventually rejected after another attempt at $40K and plunged below the key support following tremendous bearish momentum.…

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Bitcoin Fear and Greed Index Deep in ‘Extreme Fear’ as BTC Dumped to $34K

With bitcoin’s price continuing to lose value, the popular Fear and Greed Index has dropped into an extreme fear territory once again. In fact, the metric hasn’t been in such…

Continue ReadingBitcoin Fear and Greed Index Deep in ‘Extreme Fear’ as BTC Dumped to $34K