Pressure
- Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours.
- Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20)
- BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians.
Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday.
Monday’s decline resulted in some $1.6 billion in derivatives bets being liquidated, second only to the record level that took place on Feb. 22, according to Norwegian blockchain analytics firm Arcane Research.
Recommended News
-
“AI Application Stores in Educational Innovation;Ushering in a New Era of Personalized Learning”
In today’s 21st century, the development of artificial intelligence (AI) application stores is increasingly permeating every corner of our lives, including the field of education. With technological advancements, the application of AI in education has evolved from simple auxiliary tools to complex systems capable of providing personalized learning paths and automatically assessing student assignments. This transformation not only brings unprecedented opportunities to education but also challenges the traditional educational model. Personalized Learning Paths: A Unique Teacher for Every Student In the traditional educational model, a teacher faces a group of…
03/12/2024 -
Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers
A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…
03/07/2021 -
The Circle of Convergence: HyperNation Officially Kicks Off a Series of Exciting Updates!
The highly anticipated community event is finally here. After days of waiting for the rumoured mega updates, HyperNation announced several new features poised to bring value-adding perks to all loyal hodlers. The event entitled ‘Circle of Convergence’ records a whooping attendance of 8,000+ unique online participants who turn up and celebrate with the community worldwide. The recent price hike of HNT to a phenomenal 139% was a prelude that cued its tokenomic fitness as the market confidence gradually picked up its momentum. Now, to further release the potential of…
Uncategorized 11/13/2022 -
As soon as he learned he was among the thousands of Ledger customers whose personal information had been published online Sunday, JimboChewdip, as he’s known on Twitter, acted fast. Not fast enough, however.
JCD, as we’ll call him, spent Monday morning changing his passwords, only to get a notification a new device had been added to one of his two-factor authentication (2FA) accounts. He then tried to log into his email. It was locked. “Within minutes I started getting notifications about password changes on Coinbase, Binance, Dropbox,” he later told CoinDesk. “I tried to call T-Mobile over Wi-Fi but it wouldn’t work with the SIM disabled so I reached out to them on Twitter and got someone from Support to lock my account.”…
12/24/2020 -
Children in Nigeria who need basic necessities have been given supplies by CoinW Public Welfare Action
CoinW shows that it has empathy for the problems of the poor in Africa and donates aid and relief materials, to raise awareness of the brand’s purpose. On June 13, the African team of CoinW (www.coinw.com), the world’s leading cryptocurrency trading platform, and some volunteers from the crypto community pays a visit to Living Fountain Orphanage in Lagos, Nigeria, with a batch of charity supplies for the children to show their love and care. Covid-19 exacerbates poverty in Africa. Due to the economic impacts brought by the Covid-19 epidemic, poverty…
06/13/2022 -
Groundbreaking Entry: CoinW Becomes offiical supporter of EAFF E-1 Championship 2022
On July 14, 2022, CoinW officially announced that it is the official supporter of EAFF E-1 Championship 2022, and the first crypto venture capital in the world to officially cooperate with the East Asian Cup. While demonstrating the competitive spirit of soccer, CoinW will also leverage the tournament to solidify its presence in the East Asian and Asian market. It will also contribute to the development of blockchain in Asia and globally, by providing diversified products, quality services and innovative technologies. The East Asian Cup has gained wide influence and popularity in…
07/15/2022 -
CLOWN TOKEN strike with overwhelming power!
CLOWN Token is created by several game enthusiasts in Singapore and South Korea, combining the rules of DEFI and using the characteristics of ERC-20. It mainly solves the simple technical applications of point-to-point substitution, offset and guarantee in the game field of DEFI world. Because the initial application is mainly docking chess and card casual games, his name uses the head of the big ghost of poker. CLOWN Token 110 W in total It is divided into three parts: 1. Leisure chess and cards 40w 2. Professional chess and cards…
Uncategorized 01/15/2021 -
Hong Kong Web3 Festival Concludes with Success: CoinW Unveils Highlight Moments in 2-Day Extravaganza
The “Hong Kong Moment”: 2023 Hong Kong Web3 Festival Convenes Global Web3 Community. Hong Kong, known as a hub for technological innovation, played host to over 100 esteemed Web3 events and conferences in April, with the pinnacle being the 2023 Hong Kong Web3 Festival. Spanning from the 12th to the 15th of April, this worldwide Web3 consensus event brought together tens of thousands of practitioners and enthusiasts from around the globe to explore the latest developments in the Web3 industry. CoinW, a prominent player in the virtual asset realm, also…
04/17/2023 -
“Emotion AI Stores: The Fusion of Emotion and Technology
Introduction: The Emotionalization Process of Technology In the current era of evolving artificial intelligence (AI) store technology, we are witnessing a historic turning point—the rise of emotion AI stores. The goal of this innovative technology is to break down the traditional boundaries of human-computer interaction by understanding and responding to human emotions in a deeper, more empathetic way. The emergence of emotion intelligence AI stores not only signifies a new direction in the field of AI but also marks a deepening of our understanding of the relationship between technology and…
Uncategorized 03/12/2024 -
Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a BTC fund with his own $25 million investment, showing that there is demand for the leading crypto asset. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Scaramucci Kickstarts Bitcoin Fund According to…
Uncategorized 12/24/2020