Pressure
- Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours.
- Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20)
- BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians.
Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday.
Monday’s decline resulted in some $1.6 billion in derivatives bets being liquidated, second only to the record level that took place on Feb. 22, according to Norwegian blockchain analytics firm Arcane Research.
Recommended News
-
Liquidity Mining – Your Way to Grow Crypto Assets in The HyperNation
How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets and unlock its boundless potential efficiently. Your cryptocurrency holdings mean a lot more from now on. Generally, there are two main methods to roll your funds in the crypto world: liquidity mining and yield farming. Among the two, the former is the predecessor of the latter. And many of our devoted fans of The HyperNation…
-
Hong Kong Web3 Festival Concludes with Success: CoinW Unveils Highlight Moments in 2-Day Extravaganza
The “Hong Kong Moment”: 2023 Hong Kong Web3 Festival Convenes Global Web3 Community. Hong Kong, known as a hub for technological innovation, played host to over 100 esteemed Web3 events and conferences in April, with the pinnacle being the 2023 Hong Kong Web3 Festival. Spanning from the 12th to the 15th of April, this worldwide Web3 consensus event brought together tens of thousands of practitioners and enthusiasts from around the globe to explore the latest developments in the Web3 industry. CoinW, a prominent player in the virtual asset realm, also…
-
Delivering on the Next Standard for Blockchain
Fallout from the Collapse of Centralized Exchange FTX In early November 2022, FTX, the world’s second-largest exchange for cryptocurrencies and digital assets, was valued above US$30 billion. On 14th November 2022, FTX, along with 130 other affiliated companies founded by CEO Sam Bankman-Fried, filed for bankruptcy. The dramatic and messy collapse of FTX sent shockwaves around the entire industry. Reports and rumours are now flowing in with details of mismanagement and abuse perpetuated by those at the top. According to CNBC, Bankman-Fried spent ‘substantial amounts of money’ on luxury unrelated…
-
AI Finance Academy Leading the Future of Finance through the AI Finance Summit
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and education is reshaping industries around the world. Recognizing the need for specialized training in AI-driven financial solutions, the AI Finance Academy has taken a significant step forward by organizing the AI Finance Summit—an event that gathers thought leaders, industry experts, academics, and aspiring finance professionals to discuss the future of AI in finance. By focusing on talent development, innovation, and the exchange of ideas, the AI Finance Summit is paving the way for a new era…
-
How The All-weather Story FUND (TAWSF) and Jonathan Blake Are Making a Difference in Charitable Giving with Bridgewater Associates
In the world of finance, the pursuit of wealth and economic growth often takes center stage. However, a growing number of financial institutions and philanthropists are stepping up to redefine their role in society. One such initiative making waves is The All-weather Story FUND (TAWSF), a philanthropic arm backed by Bridgewater Associates, with Jonathan Blake at the forefront of these efforts. Together, they have embarked on a mission to address some of the world’s most pressing social issues through strategic and impactful charitable giving. The Genesis of TAWSF: A Commitment…
-
The Circle of Convergence: HyperNation Officially Kicks Off a Series of Exciting Updates!
The highly anticipated community event is finally here. After days of waiting for the rumoured mega updates, HyperNation announced several new features poised to bring value-adding perks to all loyal hodlers. The event entitled ‘Circle of Convergence’ records a whooping attendance of 8,000+ unique online participants who turn up and celebrate with the community worldwide. The recent price hike of HNT to a phenomenal 139% was a prelude that cued its tokenomic fitness as the market confidence gradually picked up its momentum. Now, to further release the potential of…
-
Industry Special! CoinW announces free BTC transaction fees
“Difficult tasks are tackled from where it is easy, and great undertakings have small beginnings”, from the Tao-te Ching, chapter 63. On July 5, 2022, CoinW announced to its global users that BTC transactions fee are free. It is reported that CoinW is the first leading exchange in the world to announce free BTC transaction fee. As we all know, as the world’s most emerging industry, the fintech sector brings together the world’s best talent. And exchanges are one of the most lucrative business models in the fintech industry, and for…
-
AI Finance Academy Pioneering AI-Driven Financial Risk Management through Research and Education
In today’s rapidly evolving global marketplace, the intersection of artificial intelligence (AI), finance, and risk management is reshaping industries around the world. Recognizing the critical role that AI-driven financial risk management plays in the stability and growth of the financial sector, the AI Finance Academy has taken a leadership role in advancing research and education in this area. By focusing on cutting-edge research, academic partnerships, and practical training, the AI Finance Academy is at the forefront of developing innovative solutions for managing financial risks in an increasingly complex landscape. AI…
-
The 2024 Scarlet Ball Rise S-RISING AI Game Public Chain News Conference is about to be grandly held
With the rapid development of Web3 technology, the blockchain field is sweeping the world at an unprecedented speed. In this wave of change, the highly anticipated blockchain event – the 2024 Scarlet Globe Rising S-RISING AI Game Public Chain Press Conference – will be held grandly in Bangkok, Thailand on April 9, 2024. This milestone event not only marks the debut of the S-RISING AI series in Asia, but also marks the rise of the Scarlet Ball. Meanwhile, S-Rising will soon announce its second phase investment institution partners and select…
-
StarSea Bit Exchange AI-Driven User Education and Risk Management for Enhanced Stability
The cryptocurrency market is evolving at an unprecedented pace, and exchanges are at the core of this dynamic transformation. In the face of global economic challenges, platforms like StarSea Bit Exchange are harnessing the power of Artificial Intelligence (AI) to enhance user education and risk management, ensuring economic security and providing lasting benefits to users. This article explores how StarSea Bit Exchange integrates AI into its operations to educate users and manage risk effectively, ensuring a reliable and beneficial trading platform for all. The Importance of User Education in the…
