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Crypto Can’t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise

Crypto Can’t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise

“Crypto, on the other hand, doesn’t have the same valuation metrics. It’s still in its infancy and so are its valuation models,” he said to CoinDesk via email. “That ambiguity, with respect to valuations, is what allowed for investors to justify chasing prices higher. If I’m right on that, then I would expect the volatility …

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LUNC's +107%, and USTC's +320% rise in past 55 hours could mean...

LUNC’s +107%, and USTC’s +320% rise in past 55 hours could mean…

The month of May witnessed the epic Terra, now Terra Classic [LUNC] collapse. This triggered massive liquidations in the crypto market. Many investors lost a significant portion of their earnings as tens of billions were wiped off the market in a matter of days. Needless to say, crypto holders were perplexed over the future of …

LUNC’s +107%, and USTC’s +320% rise in past 55 hours could mean… Read More »

China’s Potential SWIFT Competitor CIPS Won't Help Russia Much; Bitcoin, Ether Rise Again

China’s Potential SWIFT Competitor CIPS Won’t Help Russia Much; Bitcoin, Ether Rise Again

At the time of publication, bitcoin was trading at about $44,200, up about 3% over the past 24 hours. Ether, the second largest cryptocurrency by market cap, was changing hands at a little below $3,000, a more than 2% increase. Almost all other altcoins in the CoinDesk top 20 by market cap were trading higher …

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Bitcoin Tops $50K, Ether, Other Altcoins Rise

Bitcoin Tops $50K, Ether, Other Altcoins Rise

According to Singapore-based crypto trading firm QCP Capital, bitcoin’s average funding rate, or the cost of holding long positions in the perpetual futures listed on exchanges popular among Chinese traders, including Huobi, OKEx and Bybit, recovered from negative territory much more slowly than the funding rate on other major exchanges such as Deribit. (Exchanges calculate …

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The Sandbox: SAND could rise to $4 before correction sets in

The Sandbox: SAND could rise to $4 before correction sets in

Gaming tokens such as Axie Infinity’s AXS and Enjin Coin have registered phenomenal hikes recently as investors have fancied the burgeoning popularity of NFT’s. In fact, AXS sits as the highest gainer of 2021 so far, with a flabbergasting year-to-date surge of 23,554%. As crypto enthusiasts continue to ride the NFT bandwagon, The Sandbox has …

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