Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while Bitcoin (BTC) is down about 9% this week. The collapse of SVB led to a crisis in the crypto space with USD Coin (USDC) losing its peg to the U.S. dollar on reports that $3.3 billion of Circle’s $40 billion of USDC reserves were held at SVB. After trading near $0.87 on March 11, USDC has climbed up above $0.96 at the time of publication. SVB’s failure has increased…
Tag: Cryptocurrencies
Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT
A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN. Author: Rakesh Upadhyay Source link
Top 5 cryptocurrencies to watch this week: BTC, XRP, LINK, BCH, FIL
Technical charts indicate that Bitcoin, XRP, LINK, BCH and FIL may be on the verge of a sharp breakout, but traders are unsure of the direction. Author: Rakesh Upadhyay Source link
Robinhood Lists Shiba Inu and 3 More Cryptocurrencies — SHIB Price Soars – Altcoins Bitcoin News
Popular trading platform Robinhood has listed shiba inu (SHIB) as well as three other popular cryptocurrencies. Supporters of the meme crypto have petitioned for months for Robinhood to list SHIB. Robinhood Finally Lists Shiba Inu Crypto Popular trading platform Robinhood announced the listing of four new cryptocurrencies Tuesday. The company wrote: We’re pleased to announce that customers can now buy and sell four additional cryptocurrencies through Robinhood Crypto: compound (COMP), polygon (MATIC), solana (SOL) and shiba inu (SHIB). Supporters of shiba inu are ecstatic to see that SHIB is now…
Top 5 cryptocurrencies to watch this week: BTC, NEAR, FTT, ETC, XMR
Bitcoin, NEAR, FTT, ETC and XMR are attempting to rebound off their strong support levels, indicating buying on dips. Author: Rakesh Upadhyay Source link
Top 5 cryptocurrencies to watch this week: BTC, ADA, AXS, LINK, FTT
ADA, AXS, LINK and FTT may start a strong recovery in the next few days if BTC holds the $45,000 level as support. Author: Rakesh Upadhyay Source link
Argentine Senate to Vote on IMF Agreement Discouraging Use of Cryptocurrencies
The provision, entitled “Strengthening financial resilience,” says: “To further safeguard financial stability, we are taking important steps to discourage the use of cryptocurrencies with a view to preventing money laundering, informality and disintermediation.” Author: Andrés Engler Source link
RBI seemingly wants to ban cryptocurrencies, but not for the reasons you might think
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power. Author: Zhiyuan Sun Source link
Top 5 cryptocurrencies to watch this week: BTC, DOT, SAND, RUNE, ZEC
BTC’s technical setup suggests a potential breakout to the upside and charts suggest DOT, SAND, RUNE and ZEC would be the first to benefit from any bullish price action. Author: Rakesh Upadhyay Source link
Cryptocurrencies against the ‘silent thief.’ Can Bitcoin protect capital from inflation?
The world is becoming increasingly volatile and uncertain. The assertion that “inflation is the silent thief” is becoming less relevant. In 2021, inflation has turned into a rather loud and brazen robber. Now, inflation is at its highest in the last forty years, already exceeding 5% in Europe and reaching 7.5% in the United States. The conflict between Russia and Ukraine affects futures for gold, wheat, oil, palladium and other commodities. High inflation in the U.S. and Europe has already become a real threat to the capital of tens of…