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Bitcoin’s second quarter started on a turbulent note, with the options market once again serving as a harbinger of sharp movements, notably in the downside skew of risk reversals. Bitcoin briefly plummeted to $65,500 from the lofty height of $70k. During the same period, Ethereum saw its value dip to lows of $3,320. Q2 Begins with Dramatic Price Swings According to the latest market update by QCP Capital, “the speed of the move” was driven by significant liquidations, particularly on…

The post Why Crypto Market Is Down Today! appeared first on Coinpedia Fintech News The cryptocurrency industry has witnessed a massive correction of over 6% in market cap within the past 24 hours, with top crypto tokens such as BTC and ETH price each recording a correction of over 5.5% in their respective portfolios. The market leader, Bitcoin price, has displayed a strong bearish action, following which top altcoins have followed in the footsteps of it and displayed a similar…

The post Why is The Bitcoin (BTC) Price Down Today? appeared first on Coinpedia Fintech News The cryptocurrency market witnessed a sudden downturn as Bitcoin plummeted in value with the onset of Q2, triggering significant liquidations across the entire network.  Continue reading this article to delve into the details of the flash crash and its market implications –  Bitcoin Price Plunge 5% Bitcoin, the leading cryptocurrency, experienced a sharp decline, dropping to as low as $66,000, while Ethereum briefly fell…

Vitalik Buterin – the co-founder of Ethereum – shared insights on the next steps in the protocol’s simplification and easing the burden on node resources, also known as ‘Purge.’ The Purge essentially aims to safeguard the protocol by optimizing data storage. At the same time, it also seeks to address design decisions that were made due to technology constraints in the past. The primary objective is to streamline the protocol, eliminate technical obligations, and reduce participation costs in the network…

The post Investors Double Down On Bitcoin And Ethereum Amid Market Dips! Here’s What To Expect From BTC And ETH Price Next appeared first on Coinpedia Fintech News As we head toward the Bitcoin halving event, just a few days away, the market is experiencing a battle between the bulls and bears. Buyers are pushing hard to set a new all-time high for Bitcoin ahead of the event. Meanwhile, despite the presence of sellers at resistance levels, every dip in…

Cronos (CRO) and  (PEPE) investors are doubling down on this particular project and for very valid reasons. A user-friendly and accessible platform like Kelexo (KLXO) can be a great way for wider adoption of DeFi lending, benefiting both the platform and the overall DeFi ecosystem. Cronos (CRO) Holders Are Looking For High-Yield Opportunities Traditional staking locks up Cronos (CRO) tokens for a predetermined period.  Kelexo (KLXO) has more flexibility. Cronos (CRO) holders can choose loan terms that suit their needs,…

Tether, the entity behind the USDT stablecoin, plans to double down on its focus on artificial intelligence (AI) and position itself as a leader of innovation in the space.  Tether also plans to hire talent aligning with its plans and vision for the AI space.  Tether To Expand AI Focus  According to an official press release, Tether has said the move highlights its commitment to advancing AI efficiency and accessibility in the technology sector. The company’s latest move will focus…

Tether, the company behind USDT, the largest stablecoin by market capitalization, has announced plans to double down on its artificial intelligence (AI) focus and recruit relevant talent to that effect. According to an official release, the stablecoin provider said the move highlights its dedication to advancing AI efficiency and accessibility in the technology sector. Tether Strengthens AI Focus Tether’s latest move will see the firm focus on key areas like the development of open-source, multimodal AI products to set new…

The post Decrypting Ripple vs SEC: Pro-XRP Attorney Breaks Down SEC’s $480M Claim appeared first on Coinpedia Fintech News SEC demands a whopping $2B from Ripple in a landmark case shaking the crypto world! Ripple fights back, slamming the charges as an intimidation tactic and overreach. Could this be a game-changer for crypto regulation? In the latest Ripple vs SEC legal battle, the regulatory body dealt a significant blow to Ripple Labs by alleging the crypto payments firm’s discriminatory practices…