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Crypto Market

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Aversion to risk remains as volatility returns to stocks and cryptos. Bitcoin (BTC) traded in a choppy range over the past week as volatility ticked higher. That could reflect uncertainty among crypto traders. BTC was down by 3% over the past 24 hours and is roughly flat over the past week. Meanwhile, several alternative cryptos …

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Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’

Traders’ risk appetite seems untainted as speculation around LUNA runs wild once again. Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex longs gather strength Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered below the $30,000 mark, now …

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Bitcoin Hits a 16-Month Low of $26K as Effects of the Terra Crash Spill Over

Bitcoin (BTC) nosedived to lows of $26,595, a scenario not seen since Dec 30, 2020, when the leading cryptocurrency dropped below the $27,000 zone. Even though Bitcoin had regained momentum to hit $27,769 during intraday trading, the top crypto continues to limp based on factors like Fed’s interest rate hike and the Terra crash. TerraUSD (UST) and Luna …

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While Most Crypto Prices Went Down, Smart Money NFT Trades Were Up: Nansen Data

Staked ETH tokens are still showing signs of investor confidence. The most searched keyword for all crypto searchers in the last 24 hours has been “crypto crash,” and yet shrewd cryptocurrency traders are still making big-brain moves. Data from blockchain analytics firm Nansen shows the daily net profit and loss for all smart money addresses …

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Dogecoin, Shiba Inu Underperform Broader Crypto Market Despite Fundamental Growth

Adoption and usage of the two tokens failed to move prices by much even as the crypto market added 5%. The tokens of dogecoin (DOGE) and shiba inu (SHIB) rose by an average of 3.5% in the past 24 hours even as the broader market added over 5%, data from CoinGecko shows. The relative underperformance …

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VanEck enters metaverse with launch of NFT collection

VanEck Community NFT co-founder Matt Bartlett said that the tokens could serve as a type of digital membership card. VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday. The VanEck Community NFT, which is based on the …

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XRP price rebounds after worst month since June 2021 — major recovery ahead?

The bounce-back move has occurred near a technical support confluence, raising XRP’s possibility to rise 30% in Q2/2022. Ripple (XRP) opened in May with a decent price rebound after falling 28% in April, its worst monthly performance since June 2021. Furthermore, the XRP/USD pair shows prospects of continuing its recovery trend in the coming weeks. …

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ApeCoin Drops, Ether Trades Flat Despite Record $200M Gas Burn

Over 71,000 ether were burned on Sunday amid demand for a new NFT project. But that did little to affect ether prices as the broader market traded flat. ApeCoin (APE) prices slid as much as 11% on Monday in an otherwise flat crypto market after a much-awaited non-fungible token (NFT) project was sold for APE over the …

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Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK

22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches. …

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Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone. The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter began to fade and concerns about the state …

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