Markets

Well, it happened folks. Bitcoin – the world’s number one cryptocurrency by market cap – has sunk below its long awaited five-figure, $10,000 line. After more than a month of trading higher than it’s been in a year, the currency has sunk massively and is now trading for about $9,900 even.Bitcoin Sinks Below $10,000This is well over $2,000 less than where it was just a week ago. Back then, the currency was rising beyond the $12,000 line and it looked like maybe, just maybe the currency was...

Bitfinex and sister firm Tether moved to dismiss a Bitcoin manipulation lawsuit filed against them in October last year. The crypto companies said that the allegations are baseless.Bitfinex And Tether Call For Dismissal Of ‘Preposterous’ LawsuitIn October 2019, a group of bitcoin and cryptocurrency traders David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, and Pinchas Goldshtein filed a class-action lawsuit against Bitfinex and Tether claiming that the crypto exchange and...

According to Paolo Gentiloni, European Commissioner for economics and taxation, Amazon, Apple, and Alphabet are “the real winners” of the COVID-19 crisis, and it was no longer possible “to accept the idea that those giants are not paying a fair amount of taxes in Europe”.The COVID-19 crisis has seriously dented the markets and complicated the activity of many companies. Now, as they are still facing the consequences of the pandemic, economic questions arise. And giants like Amazon.com Inc...

The events of the past days shook the DeFi space in a way that no other project did this year. The lead developer of the project dumped all of his token on the market, crashing SUSHI’s price by over 50%.After that, he transferred the control over the protocol to FTX’s CEO and the price bounced by almost 200%. It’s no doubt that these kinds of swings are likely to be only possible in the crypto field.However, the community also took it upon itself to largely criticize Binance for listing...

Sushiswap is all the rage within the cryptocurrency community right now. The protocol that’s intended to be a fork of Uniswap had all eyes turned to it as the lead developer dumped all of his tokens on the market, essentially crashing the price of its native SUSHI token by more than 50%.However, since then, the lead developer has transferred control over the protocol to the CEO of FTX, which was seen as a boost of confidence by the community. Consequently, the price surged.Sushiswap Lead Dev...

Bitcoin continues above $10,000, while Ethereum’s free fall has only intensified in the past 24 hours.The DeFi space is also facing major hurdles, but over the past few hours, a lot of DeFi coins have bounced following new developments with SUSHI.Bitcoin Fights To Stay Above $10KAs CryptoPotato reported yesterday, Bitcoin bottomed at about $9,825 (on Binance). The asset managed to recover some ground in the next few hours to approximately $10,200.Bitcoin bounced off the critical support at...

Just four days ago, one Bitcoin was trading for over $12,000. However, the cryptocurrency markets followed the global markets, and as of writing these lines Bitcoin fights to close the daily candle above $10,000.If the bad blood coming from the equity markets was not enough, then came the SUSHI sell-off by its creator. This led the defi tokens, mainly Ethereum, to severe drops, which did not skip Bitcoin as the primary cryptocurrency.As of now, Bitcoin marks $9850 as of today’s low, which is...

Earlier on Saturday, the lead developer behind the popular Sushiswap protocol sold all of his tokens, causing a massive drop upwards of 50% in the token’s price.Elsewhere, the entire cryptocurrency market is feeling the pressure as the total capitalization is down by more than $11 billion in the last few hours.Sushi Seloff Headstarts a Market CollapseCryptoPotato reported earlier that the lead developer of the popular Uniswap fork, Sushiswap, swapped all of his tokens for ETH. In a trade...

Bitcoin has been having a hard week. Following a meteoric rise to $12,000 that lasted what felt like five seconds, the currency dropped deep into bearish territory, slipping initially into the low $11,000 range. From there, the currency was trading for about $10,800, while today, another $500 drop has occurred, bringing BTC down to about $10,300.Bitcoin Is Slip, Sliding AwayOverall, bitcoin has lost close to $2,000 in just the past few days alone, and many analysts now say that the world’s...

Bitcoin has crashed again. The world’s number one cryptocurrency by market cap is now trading in the $10,300 range, meaning it’s roughly $2,000 less than where it was just a week ago when it rose beyond the $12,000 range.Bitcoin Has Fallen Even FurtherWhat could have caused bitcoin to fall so suddenly? Why now, and why such a big drop? Clearly, bitcoin wasn’t happy just falling back into the $11,000 range. It had to retreat further and lose all its gains since the announcement that banks...