Trading contracts of polkadot, the ethereum rival that’s soared over 1,000% since August, have suffered a 99% so-called flash crash on the cryptocurrency exchange Binance. Binance polkadot futures contracts briefly dropped to under $1 on Friday before bouncing back to around $33. During the sudden drop, lasting mere seconds, some $18 million of polkadot futures contracts were traded on the exchange. MORE FROM FORBESBitcoin Still ‘Early’ Despite Huge 500% Price Rally-$28 Billion Asset… Source link

Ethereum Ethereum fell by 0.70% on Friday. Following a 1.83% decline on Thursday, Ethereum ended the day at $1,528.82. A bearish start to the day saw Ethereum slide to a late morning intraday low $1,442.32 before finding support. Ethereum fell through the first major support level at $1,488 and the second major support level at $1,435. Steering clear of sub-$1,400 levels, however, Ethereum bounced back to strike a late intraday $1,551.19. While breaking back through the major support levels,… Source link

Bitcoin ended the first week of March with little fanfare as the market reset after the prior week’s 21% plunge. There are more signs the global economic recovery might come faster than previously expected, and traders are speculating on what that might mean for the largest cryptocurrency. Bitcoin (BTC) trading around $49,196.78 as of 21:00 UTC (4 p.m. ET). Climbing 1.93% over the previous 24 hours. Bitcoin’s 24-hour range: $46,393.39-$49,462.13 (CoinDesk 20) BTC trades above its 10-hour… Source link

Key Takeaways Bitcoin sits on top of a significant support wall that may allow it to rebound towards new all-time highs. Ethereum’s upcoming protocol update could be the catalyst that ignites another bull rally.  XRP remains one of the most popular cryptocurrencies in Asia Pacific despite its legal uncertainty in the U.S.  … Source link

Dado Ruvic/Reuters Bitcoin struggled to regain the $50,000 per coin support level in the latter half of this week. The bitcoin pullback led to a sharp drop in share price of in crypto mining companies. Marathon Patent Group, Riot Blockchain, and Hive Blockchain technologies all sank double digits in percentage terms on Friday. Visit the Business section of Insider for more stories. Bitcoin-mining stocks sank across the board on Friday as the cryptocurrency struggled to reclaim… Source link

Before last week’s price crash really got underway, there was a brief crash in the price of ether on Tuesday, Feb. 22. The TradeBlock ETX, a spot reference rate for ETH, fell 15%, from about $1,765 to $1,534 in just over half an hour, before recovering almost as quickly. It was notable because it broke one of the most liquid markets in crypto.  The Feb. 22 ETH sell-off came with larger than usual volume on all four of the exchanges that are components of the ETX. One of these exchanges,… Source link

It’s #FollowFriday and Benzinga is taking a look at Twitter (NASDAQ: TWTR) accounts to follow that provide insight into Bitcoin and other cryptocurrencies. Here is a look at accounts that investors may want to follow to get information on the cryptocurrency market. Make sure to also follow Benzinga’s dedicated crypto account. Anthony Pompliano: One of the most notable Bitcoin (CRYPTO:BTC) related accounts is Anthony Pompliano. The account regularly has information on what price Bitcoin is… Source link

Bitcoin (BTC) fell nearly 5% on Thursday amid a broader sell-off after Federal Reserve Chairman Jerome Powell stopped short of offering a strong rebuke to the recent spike in Treasury yields. Still, bitcoin has risen nearly 64% this year, likely buoyed in part by large, high-profile purchases from auto company Tesla and digital payment company Square. In a new interview, taped on Wednesday, personal finance guru Suze Orman added her voice to the chorus of bitcoin boosters, professing her… Source link

The Biden administration will soon have to settle a Bitcoin fight it didn’t even start, and its decision could have far-reaching implications for the virtual currency industry. The battle concerns last-minute rules proposed by the outgoing Trump administration that would create new requirements for financial services firms to record the identities of… Source link

National Review The Mother of All Stock-Market Bubbles By Warren Buffett’s criteria, current stock prices are their most overvalued at least since World War II. In the chart below, the ratio of stock-market value, represented by the Wilshire 5000 index of all public stocks, to GDP is over 25 percent above the previous all-time high, the peak of the NASDAQ stock market bubble in 2000, which is indexed as 100 in the chart. The seemingly relentless rise of the stock market coincides with… Source link