Drop Financial News

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.

Bitcoin (BTC) miners remain under stress at current price levels as data shows large outflows from miner wallets returning.

Bitcoin (BTC) is in a “dire condition” when it comes to adoption — but a silver lining is already visible, new research says.

Bitcoin and other crypto tokens extended their losses on Monday. Crypto assets continue to remain under pressure over the global macroeconomic environment. Barring the USD Coin, XRP and Polkadot, all top crypto tokens were trading in the red on Monday. Solana and Shiba Inu plunged 3 per cent each. Cardano, Polkadot, Polygon and Avalanche shed 2 per cent each. The global cryptocurrency market cap was trading marginally lower at $926.12 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped almost 3 per cent, close to $54.33 billion.Global UpdatesBitcoin miner Iris Energy signed a deal to sell up to $100 million in equity to investment bank B Riley over the next two years, marking the bank's second big investment in the industry that is facing serious market headwinds.

As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China. 

Barring the US dollar-pegged stablecoins, all top crypto tokens were trading in the red on Friday. Ethereum slumped another 6 per cent, whereas Cardano, Dogecoin and Polygon tumbled more than 3 per cent each. The global cryptocurrency market cap was trading quite lower at $907.27 billion, dropping more than 2 per cent in the last 24 hours. However, the total trading volume zoomed almost 33 per cent, close to $90.85 billion.Expert takePrashant Kumar Founder weTrade said that crypto markets were choppy as they reacted to the US Federal Reserve’s decision to hike interest rates by 75 basis points.

Ethereum's Merge on Sep. 15 turned out to be a sell-the-news event, which looks set to continue. 

‘The Frustrated Drop Out’. We are talking about a person and his tea stall in Bengaluru that accepts Bitcoin as payment and is understandably, popular among cryptocurrency enthusiasts.

The most talked about token presale of 2022 may have become a flight to safety for some investors in the face of crashing crypto prices.

The long wait came to an end when the much-hyped Ethereum [ETH] Merge completed successfully. This development sparked community excitement, and Twitter was flooded with opinions about what would happen next.

Ethereum's native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). 

Bitcoin price failed to stay above the USD 22,500 resistance zone. BTC declined nearly 10% and is currently (03:30 UTC) consolidating losses. If the price stays above USD 20,000, it could start a fresh increase.

U.S. consumers are getting a reprieve from high gasoline prices, but a jump in electricity and natural-gas costs are increasing their energy bills as winter approaches.

Bitcoin continued to hold gains and marched towards the $22,000 mark. Barring the Bitcoin and US dollar-pegged Tether, all other top tokens were trading in the red. Bitcoin advanced over a per cent, whereas Ethereum and Dogecoin were the top losers, down about 2 per cent each. The global cryptocurrency market cap was trading marginally higher at the $1.06 trillion, almost unchanged in the last 24 hours. However, the total trading volume increased slightly to $72.92 billion.Global UpdatesEthereum co-founder Vitalik Buterin surprised attendees at the Kyiv Tech Summit yesterday to show support for war-torn Ukraine, an appearance that was a closely guarded secret for security reasons, CoinDesk reported citing organizers.

As per recent data, a lengthy market downturn has led to more than 26% reduction in the number of weekly active developers over the last three months.

Bitcoin — dropped about 6 per cent to break below the $19,000 mark. Its biggest peer, Ethereum, slumped about 8 per cent. Barring the US dollar-pegged stablecoins, all other tokens were trading with deep cuts on Wednesday. Polygon and Polkadot tanked 9 per cent, whereas meme coins like Dogecoin and Shiba Inu tumbled 8 per cent. The global cryptocurrency market cap was trading sharply lower at $935.13 billion mark, dropping as much as 6 per cent in the last 24 hours. However, the total trading volume zoomed more than 32 per cent close to $87.05 billion.Tech view by BuyUcoin Crypto ExchangeEthereum classic surged on merge news. The excitement around the upcoming Ethereum merge is showing positive effects on Ethereum's classic price movement. The price of Ethereum Classic is up by almost 23 per cent and is very close to breaching the $40 mark.

According to data from DefiLlama, the total value locked (TVL) for all decentralized finance (DeFi) protocols housed within different chains stood at $59.18 billion. Impacted by the general decline in the cryptocurrency market, the TVL within the DeFi ecosystem has declined by 65%.  

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood, a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance.