Could an Earnings Recession Lead to More Pain for Crypto?

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be the first time that this level […]

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Former Monero maintainer Riccardo 'Fluffypony' Spagni to surrender for South Africa extradition

Riccardo Spagni, the former maintainer of the privacy coin Monero also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities. In a Thursday court filing for the Middle District of Tennessee, Magistrate Judge Alistair Newbern ordered Spagni to surrender to U.S. Marshals on July 5 for extradition to South Africa. He will reportedly face […]

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Could an Earnings Recession Lead to More Pain for Crypto?

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be the first time that this level […]

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Could an Earnings Recession Lead to More Pain for Crypto?

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be the first time that this level […]

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Celsius Network Reiterates Commitment to Restoring Operations Amidst Rumors a $2B Deficit Discouraged FTX From Bailing it Out

Summary: FTX reportedly walked away from a potential deal with Celsius Network after analyzing the latter’s finances. Celsius Network allegedly had a $2 billion deficit on its balance sheet at the time of the talks with FTX. Celsius Network team has since issued a statement reiterating their commitment to restoring liquidity and operations. The Sam Bankman-Fried-led crypto exchange of FTX […]

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Could an Earnings Recession Lead to More Pain for Crypto?

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be the first time that this level […]

Read more

Could an Earnings Recession Lead to More Pain for Crypto?

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be the first time that this level […]

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Celsius’ Woes and Rampant Inflation Prompts Extreme Fear

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock The total crypto market cap has dropped below $1 trillion for the first time since January 2021. After the weekend started at $1.16 trillion, the value of all cryptocurrencies reached a low of $940 billion this morning, as Bitcoin plummeted below $24,000. How has this all happened? Many think it is […]

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This Is Why Pantera Capital Considering To Exit Its Bitcoin Holdings

Bitcoin dropped under $20,000 yet again, dragging several other altcoins with it. Though macroeconomic concerns put further pressure on crypto, this dip might be because various financial institutions and crypto hedge funds have been liquidating or have been forced to shut down part of their investments. Values in the global cryptocurrency industry fell by -5.91% in the last 24 hours, […]

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