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China Crypto Ban: This Province Just Hiked Electricity Prices for Crypto Mining Activities

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Since China’s central government levied cryptocurrency mining as an obsolete industry, smaller provinces are beginning to follow the electricity price hike rule for crypto mining activities. According to the Chinese Journalist, Colin Wu, Hainan Province just announced the implementation of higher electricity price of US$0.13 (0.8 yuan) per kilowatt-hour for cryptocurrency mining operations in the […]

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Here’s What Led to the $500 Billion Crypto Market Mayhem Earlier Today

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The crypto market recorded its worst day in six months as the majority of cryptocurrencies bled out in double digits. The crypto market mayhem saw the biggest liquidation day in 15 months as over $2.5 billion worth of leveraged positions got liquidated over the past 24-hours. The overall market cap fell by nearly 20% with […]

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FTX Crypto Exchange Proposes 10 Key Principles for Regulating the Crypto Market

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The discussion around crypto regulations in the US is currently at its peak and after Ripple, now FTX, another popular crypto exchange platform has come out with a list of principles to help Federal agencies regulate the crypto market. FTX released a blog titled “FTX’s Key Principles for Market Regulation” with ten key proposals that […]

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As BTC and ETH Tank Nearly 20%, Buy The Dip Interest Spikes to 3-Month High

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The cryptocurrency market has witnessed one of the most brutal corrections of 2021 with the overall market tanking more than 15% in a matter of hours. The world’s two top cryptocurrencies plunged nearly 20% earlier today before bouncing back marginally. Bitcoin (BTC) witnessed a low near $43,000 while Ethereum (ETH) witnessed a low around $3,500. […]

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Bitcoin Price Analysis and Overview Following BTC’s Worst Day Since May: The Good and the Bad

Bitcoin Price Analysis and Overview Following BTC’s Worst Day Since May: The Good and the Bad

December 4, 2021 , , , , , , Eddy 0

Bitcoin had seen its worst day since mid-May. Today’s high lies at $53.8K, whereas the low is below $42K. Keeping in mind Bitcoin is currently over 30% below the ATH recorded on November 10, the following analysis and overview will try to address whether or not the bull market is over and where the next […]

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El Salvador Buys the Dip: Purchased Another 150 BTC Worth $7.3 Million

El Salvador Buys the Dip: Purchased Another 150 BTC Worth $7.3 Million

December 4, 2021 , , , , , , , , , Eddy 0

El Salvador’s pro-bitcoin president updated earlier today that the country has reacted to the recent price crash by purchasing 150 more coins at an average price of just over $48,500. It’s safe to say that El Salvador is the most bullish country on bitcoin as it legalized the primary cryptocurrency earlier this year. Since then, […]

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Bitcoin Price Flash Crashed to $28.8K on Huobi: Over $2.5B Total Liquidations in 24 Hours

Bitcoin Price Flash Crashed to $28.8K on Huobi: Over $2.5B Total Liquidations in 24 Hours

December 4, 2021 , , , , , , , , Eddy 0

A flash crash transpired on Huobi as BTC went all the way down to $28,800 before recovering just as sharply. At the same time, the liquidations are well above $2.5 trillion on a daily scale as the entire market is deep in the red. As reported earlier, bitcoin, and the entire cryptocurrency market, went through […]

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Bloodbath: Bitcoin Crashed to $42K, Altcoins See Double-Digit Slumps (Market Watch)

Bloodbath: Bitcoin Crashed to $42K, Altcoins See Double-Digit Slumps (Market Watch)

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin went through one of its worst crashes as it dumped by $16,000 in a matter of hours to a two-month low of $42,000. Most altcoins are deep in red with double-digit price losses, and the market cap went down by $600 billion at one point. Bitcoin Dumps to $42K A lot can change in […]

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Indian Crypto Bill in Anvil, Govt. to Weigh Pros & Cons of Crypto

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The latest update in the controversial Indian Crypto Bill saw the Finance Minister, Nirmala Sitharaman consider the underlying technological boon that comes with the industry’s banes. While speaking at the ‘Agenda Aaj Tak‘ event in Delhi yesterday, Sitharaman noted that the crypto bill is in anvil and will soon be sent for approval to the […]

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Crypto Market’s Loss Turns El Salvador’s Gain, President Bukele Buys the Bitcoin (BTC) Dip Again

December 4, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Saturday crypto market mayhem saw the valuation of top cryptocurrencies fall in double digits and the market cap fell by nearly 20%. Bitcoin (BTC) dropped to a 2-month low of $42.848 and its market cap fell below $1 trillion, Ethereum (ETH) also fell to a monthly low below $4,000. Source: Coin360 The crypto market bloodbath […]

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