Crypto News

The largest cryptocurrency slid as low as $86,873 in after-hours trading, the lowest bitcoin has fallen in three months. BTC Sees Sharp Decline as Trading Volume Surges 178% in Market Sell-Off ​Bitcoin (BTC) plunged below $87,000 in afterhours trading but has since recovered slightly and is currently trading at $88,297, reflecting a 7.67% decrease fromSource link

Bitcoin plunged to a three-month low below $88,000 Tuesday morning, dragging the wider crypto market down with it.Source link

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how Tether is expanding both its foothold and its business to pivot from a model that is on the verge of a dramatic expansion to a Latam-focused general crypto company. LatamSource link

Crypto traders are buying bitcoin (BTC) on Kraken, one of the 10 biggest cryptocurrency exchanges, as the price slides to a three-month low, Alexia Theodorou, head of derivatives told CoinDesk.BTC dropped under $88,000 shortly before publication as Nasdaq futures pointed to continued risk aversion on Wall Street and the yen, a haven during times of turmoil, held strong against the U.S. dollar and growth-sensitive commodity currencies like the Australian dollar.The BTC decline follows a $1 billion increase in open futures position on Binance late Monday, most likely due to traders taking shorts in anticipation of a deeper price drop.However, bargain hunters have stepped in via Kraken, lifting the perpetual long-short ratio to a record-high 0.8. The ratio measures the proportion...

The Japanese firm nonchalantly added another $13 million worth of Bitcoin to its holdings, hours before Bitcoin's price declined.Source link