Bitcoin, the world’s top cryptocurrency, is likely to drop to as low as $13,000–a 40% drop from current levels–according to many strategists. FTX Proves Problematic for Crypto The recent fallout from FTX.com not being acquired by Binance has prompted many crypto markets to succumb to weeks of deleveraging. A “cascade of margin calls” is underway, […]
Following its largest drop in over two years, Bitcoin finally picked itself up today. The world’s largest cryptocurrency grew by over 10% after the most recent release of the Consumer Price Index, by the United States Labour Department. According to the Labor Department, the Consumer Price Index (CPI) climbed 0.4% in October, significantly less than […]
On Wednesday, November 9, 2022, digital currency exchange Crypto.com put a hold on Solana (SOL) USDC and USDT withdrawals and deposits. The platform claims that “recent industry events” were the cause of this activity. 2022 Meltdown 2.0 These events are the spectacular collapse of Sam Bankman-Fried’s FTX ecosystem. This project is imploding, and Binance will […]
