Tuesday , April 23 2024
Home / Tag Archives: Bitcoin Bear Market (page 4)

Tag Archives: Bitcoin Bear Market

Another Crypto Company Dismisses 40% of its Employees to Survive the Bear Market

Octopus Network – a multichain crypto network supporting Web3 applications – will lay off 40% of its staff members to ensure its survival amidst the ongoing crypto winter. The adverse macroeconomic factors have taken their toll on numerous other industry leaders who took similar action over the past several months. Some examples are Coinbase, CryptoCom, Huobi, Bybit, BitMEX, and others. This Winter is Different Than the Others In a recent letter, Louis Liu – Founder of...

Read More »

State of Bitcoin in 2022: From HODler Confidence to Mining Transformation

2022 has been a brutal year for the crypto investors market by the harsh crypto winter. It all started with the collapse of the TerraUSD algorithmic stablecoin, which prompted other major crypto players to fall like dominos: Three Arrows Capital. Voyager Digital, Celsius Network, FTX, BlockFi. Not one project, protocol, or institution exists that hasn’t felt the sting of contagion this year. Bitcoin futures volumes are hovering near multi-year lows owing to the tightening...

Read More »

dApp Industry Thrives Despite Crypto Winter: DappRadar

The cryptocurrency market is facing one of its most brutal crypto winters, marked by a sustained drop in digital asset prices and the failure of major crypto companies, as well as high-profile cases of hacks and heists. Nonetheless, a recent report from blockchain data and analytics firm DappRadar suggests that the industry may not be in such a gloomy state, as it has shown remarkable resilience and maturity amid the crypto winter. According to DappRadar’s 2022 Industry...

Read More »

Impact of FTX’s Contagion to Continue into 2023: CryptoCompare

This year has been tumultuous for the cryptocurrency industry, with major players like Terra, Three Arrows Capital (3AC), and FTX going underwater. As the crypto space struggles to find footing amid the second wave of the crypto winter exacerbated by the latest FTX debacle, digital asset data provider CryptoCompare believes it will take a while for the industry to recover from the impact of the collapse. Crypto Projects to Focus on Survival In its 2022 Year in Review report,...

Read More »

There’s at Least one More Major Market Capitulation: Datadash Explains

Popular Youtuber Nicholas Merten (DataDash) argued that investors have not rushed to “buy the dip” on worries of the inflation numbers, which clocked in lower than the expectations earlier today. Based on his research, the number of people buying and selling BTC has been dropping each week recently, which indicates that its price will likely continue to fall.  More Pain Coming In his most recent video, Merten claimed that the traditional bear market for bitcoin is yet to...

Read More »

Amber Group Slows Down Expansion Plans on Bear Market Worries (Report)

Amber Group reportedly raised just half of its $100 million funding round and halted its global expansion efforts due to the ongoing bear market. The company recently laid off a portion of its staff after previously admitting it has been an “active trading participant” on the bankrupt crypto exchange FTX. Change of Plans Amber Group raised hopes at the beginning of 2022 that it will manage to boost its valuation nearly three times, reaching $10 billion. The shaken condition...

Read More »

Huobi Calls Bitcoin and Ether Bottoms, Predicts Recovery After Q1 2023

Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of the catastrophes in the financial world.” Other incidents in the world of crypto so far this year include Terra’s collapse and the bankruptcy of...

Read More »

Bull Market Signal? Jim Cramer Advises Crypto Investors to Sell

The host of CNBC’s Mad Money show – Jim Cramer – said cryptocurrency investors still have time to sell their “awful” positions. His previous advice has often been inaccurate, prompting numerous participants to anticipate a market surge after the latest comments. Cramer’s on the Spotlight Again During his most recent show, Mad Money’s host urged investors to cash out their cryptocurrency at all costs. He thinks “it’s never too late” to exit the market, hinting the crypto...

Read More »

Standard Chartered Analyst Explains Why BTC Will Suffer Even More in 2023 (Report)

Eric Robertsen – Global Head of Research at Standard Chartered – thinks bitcoin could tumble to $5,000 next year as more cryptocurrency firms might experience liquidity issues. He believes 2023 could be prosperous for gold, envisioning the yellow metal’s price to surge to $2,250 per ounce. Next Year’s Potential Trends As reported by CNBC, Robertson argued that 2023 could bring more pain for the cryptocurrency market, specifically bitcoin. He predicted the asset’s price could...

Read More »

Orthogonal Trading is “Effectively Insolvent,” According to Maple Finance

Blockchain-based capital marketplace Maple Finance has cut ties with digital asset hedge fund Orthogonal Trading on allegations that the latter misrepresented its financial statements.  Maple said assets within the Orthogonal credit pool remain secure and is expected to close without issue in Q1 2023. The Truth About Orthogonal In a blog post on Monday, M11 Credit claimed that Orthogonal misrepresented its financial position to the lending firm over the past four weeks....

Read More »