The recent research conducted by Kaiko, a renowned crypto research firm, sheds light on the ‘Alameda Gap’ and its significant impact on the Bitcoin and crypto market. The ‘Alameda Gap’ refers to the liquidity gap that emerged following the collapse of the defunct crypto exchange FTX and its associated entity, Alameda Research, which was a
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In the recent weeks, Bitcoin (BTC) experienced a significant crash, dropping to $64,000 and failing to regain momentum. This decline in price has not only affected Bitcoin but also led to a general market downturn affecting altcoins as well. One of the key events that contributed to this decline was a steep drop in Bitcoin’s
In the volatile world of cryptocurrencies, Avalanche (AVAX) has emerged as a standout performer. Despite a market-wide pullback, AVAX has managed to hold onto its gains, making it the most resilient leading cryptocurrency today. Over the last seven days, AVAX has seen a 22% increase in value, outperforming other top fifty cryptocurrencies. Currently trading at
Bitcoin, the leading cryptocurrency, recently saw a significant drop below the $63,000 mark after reaching an all-time high of $73,750. This price correction is attributed to various factors, one of which is the upcoming Bitcoin Halving event. Analysts like Rekt Capital have identified distinct phases in the Bitcoin Halving cycle. According to Rekt Capital, Bitcoin
BitMEX, one of the prominent cryptocurrency exchanges, recently found itself embroiled in an investigation surrounding “a user selling large orders” on its Bitcoin spot market. The incident saw more than 400 BTC being unloaded on the exchange, causing the price of Bitcoin to plummet by a staggering 87% to $8900 before recovering to its actual
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets totaling $1.5 trillion, has made headlines by announcing its interest in exploring diversification opportunities that include Bitcoin. This move marks a significant departure from its traditional investment strategies, which have focused on more conservative assets such as gold,
XRP price has recently experienced a downside correction after failing to break through the $0.7450 resistance level. As a result, the bulls are facing challenges in keeping the price above the $0.5850 support zone. The price is currently below $0.650 and the 100 simple moving average (4 hours), indicating a bearish trend in the market.
Ripple, a prominent player in the cryptocurrency market, has been under scrutiny for its periodic sales of XRP tokens. Recently, the company transferred a substantial amount of XRP tokens to an unknown address in two separate transactions. The first transaction, involving 100 million XRP, took place on March 5, followed by another transfer of 140
South Korean regulators recently engaged in discussions with officials from the Association of Southeast Asian Nations (ASEAN) and the Organization for Economic Cooperation and Development (OECD) regarding crypto policy. The event took place in Seoul and was hosted by the Financial Services Commission (FSC) of South Korea. The main focus of the discussions was to
In recent news, US SEC chair Gary Gensler has spoken out against the deceptive practice known as “AI washing” within the financial sector. This unethical behavior involves making false claims about the use of artificial intelligence (AI) to manipulate stock prices and attract investors. Gensler’s strong stance against AI washing highlights the potential violations of
