
SVB’s Collapse Gave Bitcoin An Opportunity, Here Is More
SVB’s collapse has brought a blessing for Bitcoin despite major crypto banks closing their doors. Here is what traders are paying attention

SVB’s collapse has brought a blessing for Bitcoin despite major crypto banks closing their doors. Here is what traders are paying attention

ETH has surged 49% in the last week, outpacing almost all of its crypto peers, yet macroeconomic issues still pose a concern. Even as the heavily hyped Merge draws near, Ethereum is beating the rest of the cryptocurrency market

Three Arrows Capital, a significant cryptocurrency hedge fund, has filed for bankruptcy. Teneo Restructuring was added to the team recently to handle the bankruptcy procedure.

The enormous collectibles market that eBay (EBAY 6.26 percent) runs is moving online. The e-commerce giant purchased KnownOrigin, a non-fungible coin (NFT) platform.

On June 19, as the continuing sell-off in the cryptocurrency market extended into the weekends. The price of Ether (ETH), the native token of Ethereum, plunged below $1,100. Ether fell to $985, its lowest point since January 2021

Coinbase will slash 18 percent of full-time employment. A possible recession, the need to manage costs, and starting to grow too rapidly throughout a speculative bubble were all mentioned by CEO Brian Armstrong.

Bitcoin fell below $23,000 on Monday, its lowest level since December 2020. A business named Celsius has temporarily put a halt to all withdrawals, raising concerns about a possible virus spreading across the crypto market

As the cryptocurrency’s current sell-off began, Bitcoin fell, going below the critical point of $30,000.

Tesla bull Leo Koguan wrote in a tweet to Martin Viecha, senior director of corporate communications, that the firm should immediately announce intent to purchase back $5 billion of stocks

Luna Foundation Guard spent virtually all of its bitcoin reserves in a failed effort to preserve terraUSD. TerraUSD, or UST for short, has dropped far below its $1 target.
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