News

This Top-50 Crypto Has Risen Past Wednesday’s Market Crash

Axie Infinity (AXS), native token to the popular blockchain game, has vastly outpaced the crypto market in the past 24 hours. AXS is trading up 7% in the past 24 hours at $23.1. This comes despite most other top-50 crypto tokens plummeting between 6% to 35% in the same period. Apart from AXS, the only The post This Top-50 Crypto Has Risen Past Wednesday’s Market Crash appeared first on CoinGape.

Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over

Bitcoin nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone. (Read More)

Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How

Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 for the swap. The decision came as the USDT plunged to 0.95, destabilizing its Dollar peg.  Just after Tether, The post Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How appeared first on CoinGape.

Scoop: What’s Behind Crypto Stablecoin Crash?

The crash of Terra’s UST has sparked serious debate over the future of the stablecoin space, while severely denting crypto market sentiment. UST de-pegged from the dollar earlier this week, and has since struggled to regain its 1:1 peg. Corrective measures from founder Do Kwon and the Luna Foundation Guard have done little to remedy The post Scoop: What’s Behind Crypto Stablecoin Crash? appeared first on CoinGape.

Bitcoin: Crypto market bloodbath ranges on as BTC touches $26k range

As Bitcoin to a new low, other cryptos also plunged likewise including Ethereum, Solana, and Ripple. The market cap of the crypto industry even fell to $1.37 trillion representing the plight of investors. BTC prices dropped below $29,000 in what has been a dreadful month so far. Even the metrics are suggestive of a bearish […]

$LAY token sale begins 13 May at 11:00 am UTC!

Purchasers will receive 4 different tokens for free through airdrop as a participation reward for $LAY Token Sale It was announced that $ARSW, $MUUU, $KGL, and $GALAX will be distributed to purchasers of $LAY in Starlay’s 2nd Token Sale, which will take place between May 13 at 11:00 AM and May 15 at 11:00 (UTC). […]

Top Meme Tokens Slammed By Crypto Crash; SHIB, DOGE Sink 30%

The Cryptocurrency market crash continues for another day. All the top crypto token prices have cumulatively taken part in the freefall. Meme coins have also seen little quarter from this crash. Prices have nosedived in the past week. The total meme crypto market capitalisation has dropped by a whopping 30% in the last 24 hours. The post Top Meme Tokens Slammed By Crypto Crash; SHIB, DOGE Sink 30% appeared first on CoinGape.

Veteran Trader Peter Brandt Predicts Bitcoin Local Bottom

Bitcoin (BTC) price dropped below $27k today amid the market-wide pressure predominantly due to the latest U.S. Consumer Price Index (CPI) data. Veteran trader Peter Brandt, who predicted the Bitcoin fall to $28k when the price was trading near $39k, has a new forecast. He expects the BTC price to rebound from the $27k level—the new The post Veteran Trader Peter Brandt Predicts Bitcoin Local Bottom appeared first on CoinGape.

Bitcoin (BTC) Crashes Below $27K On These Three Factors

Bitcoin (BTC) broke below two key support levels on Thursday as a market rout intensified. While its latest crash was directly triggered by higher-than-expected U.S. inflation data, there were also other factors driving investors out of crypto. BTC is trading down 15% in the past 24 hours at $26,848- its lowest level since December 2020. The post Bitcoin (BTC) Crashes Below $27K On These Three Factors appeared first on CoinGape.

MATIC forms a bullish reversal candle pattern; should investors HODL or sell

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The $0.8 and $0.7 areas represent regions where Polygon’s native token MATIC had found good demand in the past. The $0.65 area was visited last July before a 330% rally to reach $2.93 in December. […]

Charles Hoskinson Says This Crypto Winter Will Take Months to Find Its Bottom

Cardano founder believes we have entered a new crypto winter, says he has been through many already

Ethereum Gas Costs Are Spiking as Lending Platforms Report Increased Gas Consumption

Ethereum reports increased network usage as market remains in panic

Tether (USDT) to Enlist Third-Party Help to Transition from TRC20 to Ethereum and Avalanche

Tether (USDT) to engage third-party in chain swap from TRC20 to Ethereum and Avalanche

Bitcoin price prepares for a sweep of $29,700 again before…

Bitcoin’s price is hovering inside a range that indicates that some sort of stability is back in the markets. However, this might not be for long as BTC is looking to sweep the lows on a macro time frame and on a lower time frame. Until these events transpire, the chances of an uptrend are […]

Tether (USDT) at $0.96, But You Shouldn't Worry About De-Peg

Tether is being pushed down heavily as the panic on the crypto market aggravates

XRP whales look for their final destination as traders go haywire

As the crypto market reels from the latest bear attack, how is one controversial top-ten coin dealing with more turmoil and conflict? XRP did produce a green candle earlier but on 11 May, a red one was taking shape. Can XRP beat the odds or is it destined to sink with the rest? Final destination At […]

BlackRock Says It's Not Involved in Implosion of Terra

BlackRock, Gemini and Citadel have all denied the evidence-free conspiracy theory about their alleged involvement in the crash of LUNA

Gensler attacks USDT, USDC, BUSD while Do Kwon takes his ‘razor focus to deliver’

The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently going through a rough patch. Headlining the dip was Terra labs, which saw its stablecoin take a massive blow of a 90% drop. SEC […]

Veteran Trader Peter Brandt Predicts Local Bottom for Bitcoin

Peter Brandt believes that Bitcoin is in the middle of a major capitulation phase

Meet Michael Arrington and Dr Chandra Duggirala at the World Crypto Economic Forum

E-Crypto News' update provides the latest articles on technology and cryptocurrencies. e-cryptonews.com Continue reading Meet Michael Arrington and Dr Chandra Duggirala at the World Crypto Economic Forum at E-Crypto News.