Monthly Archives: August 2024

As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000. Read More at https://cointelegraph.com/news/crypto-528-million-lost-recession-coinshares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations. Read More at https://cointelegraph.com/news/crypto-market-crash-1b-liquidations-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs. Read More at https://cointelegraph.com/news/whales-prepare-next-altcoin-rally-finance-redefined?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Despite the gloomy outlook, Bitcoin could prevent more downside pressure if it manages to remain above the $51,000 mark. Read More at https://cointelegraph.com/news/analysts-warn-bitcoin-downside-btc-revisit-42k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Findings from a 10x Research report reveal potential Bitcoin value drop below $50,000 amid US economic uncertainty, impacting the broader crypto market. Read More at https://cointelegraph.com/news/bitcoin-economy-falters-10x-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin sees a giant $30,000 crash in a week while Ethereum retreats 40% and Berkshire Hathaway’s Apple sale takes on new meaning as stocks dive worldwide. Read More at https://cointelegraph.com/news/warren-buffett-right-5-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount. Read More at https://cointelegraph.com/news/hackers-buy-eth-nomad-bridge-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, leading to a market cap of $1.76 trillion. Read More at https://cointelegraph.com/news/bitcoin-breaks-below-50000-august-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The memecoin took a massive hit after Buterin sold his entire 17 billion Neiro airdrop, but in a weird turn of events, it pumped soon after. Read More at https://cointelegraph.com/news/memecoin-dumps-then-pumps-after-vitalik-buterin-sells-unwanted-airdrop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Chainalysis’ Operation Spincaster found over 2,000 Australian-owned crypto wallets were hit by “approval phishing” scams. Read More at https://cointelegraph.com/news/australian-police-teams-chainalysis-crypto-crime?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound