In a surprising turn of events, Bitcoin experienced a significant drop earlier today, falling below the $27,000 mark to register an intraday low of $26,833. This unexpected downturn occurred in the middle of the day and has countered the upward trend that followed the release of somewhat positive U.S. inflation data. Considering the ongoing market…
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The crypto market took a significant hit on Monday, with a net outflow of approximately $29.45 billion, shrinking the total crypto market cap to $1.111 trillion. Ethereum and Bitcoin, the two leading cryptocurrencies, were not immune to this downturn, with their market caps falling to $222 billion and $535 billion, respectively. Amidst the broader cryptocurrency…
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The cryptocurrency market remains unshaken, displaying a steady upswing and a total market capitalization of $1.18 trillion despite the fluctuations in the stock market and growing concerns about the overall economic outlook. Given this uncertain macroeconomic backdrop, what are the best cryptos to buy now? MicroStrategy, led by Michael Saylor, has been making headlines for…
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Ethereum on-chain and technical indicators show a long-term bullish argument for ETH price in the near to medium terms. Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming…
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BTC price is chasing after $24,000 again, raising the possibility of LDO, EGLD, THETA and KLAY targeting new year-to-date highs. The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the…
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A Lido DAO member raised concerns over what impact the SEC’s crackdowns on staking could mean for the future of DeFi in the U.S. A crackdown by the United States securities regulator on crypto staking could have unintended consequences for decentralized finance, according to the head of business development at Lido DAO. Jacob Blish…
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Lido token (LDO), the utility and governance token for the Lido Decentralized Autonomous Organization (DAO) that controls Ethereum liquid staking protocol Lido, has seen significant upside volatility in the past few days. LDO, up around 14% in the last seven days, came within a whisker of its highest levels since August 2022 on Thursday after…
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While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9…
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The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours. But as most of the assets falter, some tokens record exponential gains. LDO, the governance token of the Lido DAO network, has increased in value in the past week. The token…
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Crypto markets flip green following the continuation of last week’s rally in equities, and SOL, XMR, LDO and AAVE could be ready to move higher. Bitcoin (BTC) has finally pushed above the $17,000 mark after rallying to $17,375 on Jan. 12. with both the bulls and the bears eyeing the Consumer Price Index (CPI) due…
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