Crypto News
XRP, APT, ADA Tumble Another 15%; Investors May Be Paring Longs Ahead of CPI Data
Cryptocurrencies continued to this week's decline on Tuesday, with altcoins in near-freefall as bitcoin (BTC) slid further from the $100,000 level.Among the worst-hit cryptos were XRP, Polkadot (DOT), Litecoin (LTC), Aptos (APT) and Cardano (ADA), down 15%-18% over the past 24 hours, extending Monday declines. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — tumbled almost 10% Most cryptos in the index plunged by double-digit percentage amount at the minimum, though Ethereum's ether (ETH) and Solana's SOL fell just 8% and 9%, respectively.Bitcoin, in comparison, held up relatively well compared to the rest of the market, dipping to $95,000 and down nearly 3% over the past 24 hours.Cryptocurrencies...
Bitcoin Plunges 3,000 Points, Recovers to 98K: QCP Predicts Stability Ahead
The crypto economy experienced a dramatic $1.5 billion in long liquidations, resulting in a 3,000-point drop before finding support at the critical 95,000 level, according to analysts at QCP Capital. Institutional Demand Rises: QCP Questions If Market Can Stay on the Sidelines The leading cryptocurrency, bitcoin (BTC), has since recovered, consolidating in the 97,000 toSource link
Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report
A deputy in the Russian parliament proposed the creation of a strategic bitcoin (BTC) reserve to tackle sanctions imposed on the country, state-owned news agency Ria reported on Monday.Anton Tkachev of the New People party, which formed in 2020 and has 16 out of the 450 seats in the State Duma, asked Finance Minister Anton Siluanov to "assess the feasibility of creating a strategic bitcoin reserve in Russia by analogy with state reserve in traditional currencies."The reserve would help counter the threat posed to Russian financial stability by sanctions, inflation and the volatility of traditional currencies that the country holds, such as the Chinese yuan, U.S. dollars and the euro, according to the proposal."In conditions of limited access to...
‘Predict the Future’ with MYRIAD and Pudgy Penguins
Decrypt and Rug Radio's on-chain prediction market MYRIAD has teamed up with Pudgy Penguins for its first Community Contest! Find out how to take part and win prizes including Lil' Pudgys NFTs at myriad.markets.Source link
Wall Street Pepe Token Presale Hits $3.5M – Is WEPE the Next Meme Coin Breakout?
Wall Street Pepe (WEPE) has raised over $3.5 million in the first week of its token presale event. This new project mixes the famous Pepe meme with a Wall Street theme – and traders are piling in early while WEPE tokens are available at a discount. Frog Tokens Popularity Rises as Wall Street Pepe EntersSource link