Weekly Crypto Market Performance Review Amid FTX Implosion
The FTX implosion has stirred a downtrend in crypto prices. Here is a brief weekly overview of the performance of the top coins
Was the Secret Transfer of $4 Billion to Alameda, FTX's Undoing?
Reports have it that Sam Bankman-Fried funded Alameda Research with FTX customer deposits. Many believes this was the downfall of the firm
Chiliz (CHZ) Surges 15% Amid 2022 World Cup Tournament, Mainnet Launch
Chiliz is the latest crypto token on the bullish trend. The token is more than 15% for the last 7 days.
Crowd Sentiment towards Crypto Turns Bearish as Inflation Data Looms
The crypto market has not yet been able to find the right footing based on tightened macroeconomic factors and Russia’s invasion of Ukraine.
BTC Miners Are Selling Moderately. Technicals Point to a Trend Reversal. Top Losers
All markets dropped following the central bank's Jackson Hole economic symposium on Friday, with the Nasdaq down almost 4%, the S&P 500 losing 3%, and Bitcoin falling 6% for the day as well.
Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst
The digital currency ecosystem has continued to experience volatility, with a declining market capitalization sweeping across the board. An analyst suggests the crypto market is still subject to Federal Reserve’s continuous quantitative tightening policy.
Fed Rate Hike Unclear, Bitcoin Falls Below $21,000
The largest cryptocurrency, bitcoin, tumbled more than 9 percent to below $21,000, hitting a new low in late July. Bitcoin also posted its biggest one-day drop since June.
Not So Bad Inflation Relieves the Crypto Market, Big Players Are Back. Gainers Overview
Markets across the board, as well as crypto markets, were boosted by US inflation coming in better than expected. Since market participants had been pricing in a deeper decline of 8.7%, July's 8.5% fall was a sign of relief for risk markets.
Enthusiasm to Sell in the Crypto Market Subsided amid Prices Stabilize
The urge to sell in the cryptocurrency market has dwindled based on the surge of leading coins, according to on-chain insight provider Santiment.
Crypto Weekly Outflows Touches $17m, Ending Six Consecutive Weeks Inflow: CoinShares
Outflows from crypto investment products reached $17 million in the week as of Aug. 12, according to digital asset management firm Coinshares, ending a six-week run of inflows for the cryptocurrency industry.