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Elon Musk’s tweet sparked an unprecedented industry wide sell-off that impacted nearly all major assets, and the crypto sector is yet to start recovering. Bitcoin has dropped $7,000 in the last 24 hours, to a three-month low of $42,000. For perhaps the foremost time since April, the entire crypto market cap has fallen under $2   Read more...

The total cryptocurrency market has seen a rough beginning to the week. And, as with so many other recent price fluctuations, Elon Musk played a significant role. Bitcoin is barely clinging to the $45,000 support level, having lost 10% in the previous 24 hours. Others, such as Binance Coin, Polkadot, and Chainlink, have suffered more   Read more...

According to the arrangement with the token creators, Vitalik Buterin, the co-founder of Ethereum, has finally transferred 90% of his Shiba Inu holdings worth $6 billion to the regular burn address. Buterin claims that he took this step to prevent opponents from misconstruing his activities. In addition, ten percent of the remaining assets will be   Read more...

Bitcoin (BTC) price dropped below $45,000 on Monday, the second occurrence in four days, supporting bears view of a deeper near-term decline in the days ahead. The numero uno cryptocurrency dropped to a low of $42,024, reflecting a loss of about 13% in the last 24 hours. At the time of writing this article, Bitcoin   Read more...

Tether’s latest announcement regarding the stablecoin’s deposits, according to Avanti Financial’s founder and CEO, could have triggered the altcoin selloffs last week. Tether Holdings Limited’s rundown of Tether’s (USDT) holdings, according to Caitlin Long, was not allocated in “short-term, lower-risk, liquid securities,” but instead credit assets of “who-knows-what nature.” Provided that the stablecoin — which   Read more...

Cardano (ADA) has broken above the $2 psychological level and established a fresh all-time high price after several weeks of consolidation at $1.20 levels. Although many cryptocurrencies recorded huge rallies a month ago, Cardano investors had to wait a little longer, and their patience has eventually paid. ADA hit an all-time high of $2.45 at   Read more...

Since Dogecoin boomed, its copies rallied and the most successful of them all has been Shiba Inu (SHIB). It reached its peak with a market cap of over $13B. The Ethereum co-founder took a significant step earlier this week that affected tons of investors. Shiba Inu creators choose to give a portion of the coin’s   Read more...

Cardano’s ADA coin gained 816% this year, propelling the smart contract platform’s market capitalization to $61 billion. To get a sense of how much this third-generation protocol has progressed, consider that the smart contract pioneer, Ether (ETH), command same valuation only six months back. If the price of AD changes, so do the options markets,   Read more...

Tether, which issues stablecoin in the crypto market, has published a breakdown of reserves held by the company. The data indicates that as of 31 March 2021, roughly 76% of Tether’s reserves are maintained in cash and cash equivalent commercial paper and short-term deposits. Notably, the firm has released such a data for the first   Read more...