On-chain data shows Bitcoin whales with more than 1k BTC were the main sellers in the latest crash, as other cohorts displayed muted activity. Bitcoin Spent Output Value Bands Shows Spike From 1k-10k Group As pointed out by an analyst in a CryptoQuant post, unlike in the previous declines, the 10-100 BTC and 100-1k BTC cohorts didn’t show any spikes in activity during the latest crash. The relevant indicator here is the “Spent Output Value Bands” (SOVB)…. Source link

Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Bitcoin (BTC) price fell to a new yearly low at $16,800 as anonymous unconfirmed sources suggested that after a closer review of FTX’s books, Binance could back out of its agreement to acquire the beleaguered exchange. Crypto market performance. Source: Coin360 Another factor having a potential impact on the market is a wave of successive liquidations in… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has fallen 21.32% to $53.59. InvestorsObserver is giving Litecoin a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 25, placing it in the bottom 25% of… Source link

Bitcoin’s (BTC) push to exit the bear market suffered a blow after the crypto sector was hit with a high-profile liquidity crisis affecting the FTX exchange. Consequently, the flagship cryptocurrency has corrected almost to a two-year low, with bulls appearing helpless.  In this line, Kitco News analysts Jim Wyckoff on November 9 suggested that bears have a technical advantage translating to a possible sustained Bitcoin price correction.  According to Wyckoff, the FTX crisis has… Source link

Although there is still much to learn about this new technology, cryptocurrencies have recently attracted attention on a global scale. Concerns have been raised regarding how this technology might alter conventional banking practices. Cryptocurrencies are anticipated to change how people view blockchain technology and to make digital assets more widely accessible. This objective is nearing completion as more cryptocurrency initiatives are being launched every day. Two… Source link

The big story around Ethereum (ETH -19.98%) this year was The Merge — the moment when Ethereum transformed into a proof-of-stake blockchain with faster transaction processing speeds, huge new energy efficiencies, and higher throughput capacity. However, big price gains for Ethereum never materialized. Sure, there was a brief burst in price over the summer when investors piled into Ethereum ahead of The Merge, but Ethereum is still down nearly 60% for the year. But there is a chance that… Source link

Alameda supplied over 6.9 million FTT, worth $35 million at writing time, to DeFi lending application Abracadabra. Another 4.6 million SUSHI, worth $6.11 million, is held on the DeFi exchange SushiSwap. “She could withdraw and sell at any time,” Lookonchain said, referring to Alameda co-CEO Caroline Ellison. Source link

Source: Ethereum.org Ethereum network fees skyrocketed tenfold to as much as 318 Gwei on November 8 with a simple transaction nearing the level of $10 at one point. This, paired with the ongoing crypto market crash, has triggered a decrease in the coin’s price to below the level of $1,200. The prices of other tokens have also dropped sharply over the past 24 hours. As a result of the latest spike, transactions carried out via… Source link

This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. So FTX is rekt after all. As we’ve witnessed throughout the year, even the “reputable” industry actors are basically just high rollers who got lucky for some time — until reality catches up with them. Bitcoin is an unforgiving phenomenon. The sheer reality of its 21 million limit and the intrinsic inability to print any more should put everyone’s ego on mute; but from time to time there come… Source link

Bitcoin’s drop to a multi-year low is a worrying sign that might push the remaining investors away from the market. However, it is still important to understand and break down what exactly caused such a major drop in market value and if bears are to blame. According to on-chain data shared by Santiment, “overzealous” traders who have been trying to short the mild Bitcoin recovery yesterday lost a significant amount of funds during the unexpected recovery of the digital gold. 😵‍💫 Source link