Black Thursday

When the pandemic first struck, crypto investors feverishly began reducing overall risk across their asset portfolio.This sentiment has since changed, and with it the has the tone of a chief economic advisor who previously told investors to “buckle” up, and prepare for the worst. The increase in risk-on interest may…

Google Cloud, Binance, Blockchain Ventures, and Gumi Cryptos have been announced as Enterprise Validators for the Theta network amid its mainnet 2.0 rollout. 11737 Total views 248 Total shares Esports and crypto conference streaming app Theta has confirmed its rumored partnership with Google, announcing Google Cloud as an Enterprise Validator…

Bitcoin‘s hash rate, a measure of the amount of processing power fueling the cryptocurrency’s underlying blockchain protocol, has fallen to a low beyond the levels seen following the Black Thursday market collapse aftermath.Does this mean yet another, more severe selloff is possible in the day and weeks ahead?Bitcoin Hash Rate…

India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. The ban lasted…

The New York Sun made the case that the crash would have a minimal impact on the economy, that Main Street could be decoupled from Wall Street (…) Indeed, BusinessWeek, which had been one of the most vocal critics of the speculation on the way up, went one step further,…

The title is a riff on James Carville’s disingenuous (and stupid) phrase from 1992 when he was Bill Clinton’s campaign director. Carville’s pithy quip, “It’s the economy, stupid,” became the campaign’s de facto slogan. It functioned as a clever ruse to help Clinton beat Bush by pandering to workers and…

After weeks of consolidation directly below critical resistance, Bitcoin price has failed to take out $10,000 and has instead for a brief moment broken below $9,000.Will the first-ever cryptocurrency see a retest of Black Thursday lows, or is this just an opportunity to buy the dip before the real bull…

In a new report from Morgan Stanley’s Head of US Equity Strategy Michael Wilson, the analyst told investors that the stock market is showing similarities with the 2009 recovery that led to the longest bull run in history. Given Bitcoin’s recent correlation with the stock market, this could also result in…

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been hovering below the psychological barrier of $10,000. The halving didn’t give the market what they expected as the majority was anticipating a further decline in the price post-halving. What’s next for the crypto markets? What can be expected…

The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March.Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains low for most crypto assets after plummeting during the mid-March crypto…