Drop Financial News

Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism.

NFTs can be exotic and dangerous beasts.

U.S. banks have a streak of increasing deposits as a group every year since at least World War II. This year could break it.

Solana (SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent NFT markets-related news and a marketwide bounce, but the current 22.7% decline could have investors confused. 

A sharp fall in Nasdaq stocks dragged the digital token market down. On the other hand, rising energy prices and global supply chain issues also dented the sentiments. Barring the US dollar-pegged stablecoin, USD Coin, all the other major crypto were bleeding during early hours. Dogecoin tumbled 12 per cent, whereas Avalanche, Solana, Cardano and Shiba Inu plunged 7-8 per cent each.

The daily transactions involving the richest Litecoin (LTC) addresses — "whales" that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021.

By WazirX The new cryptocurrency tax policy is now active and has led to a significant drop in trading volumes on major Indian crypto exchanges. Given that the overall market is moving towards the upside, it is likely that the activity has moved towards the grey market to avoid taxation.Pressure on SEC increasesMichael Sonnenshein, the CEO of the world’s largest digital asset management firm Grayscale, mentioned in an interview that it might sue the SEC if its application to convert its Bitcoin trust into a Bitcoin ETF is rejected. This comment might stem out of frustration as Grayscale’s GBTC, which has over 30.6 billion dollars in AUM, has been trading at a discount of approximately 25 per cent from its NAV (net asset value).

Recording artists Snoop Dogg and Billy Ray Cyrus have teamed up to release a new smash single, “A Hard Working Man.” The hip hop-country mashup, produced by the legendary Avila Brothers, will debut on April 2 during Grammy weekend in Las Vegas.

The former chief executive officer of now defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs.

It took Ethereum's native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022.

Most other major cryptos were in the red, along with a dip in volumes. Investors digested the long-expected Federal Reserve's 25 bps increase and global unrest tied to Russia's invasion. Barring Terra, all top digital tokens were trading lower on Monday. Avalanche and Shiba Inu tumbled 5 per cent each, followed by a 4 per cent fall in Solana. Bitcoin, Ethereum and Dogecoin shed 3 per cent each.

trading mixed in Friday's trade, with Avalanche climbing over 5 per cent but others such as Solana, Terra, Polkadot and Shibu Inu falling up to 3 per cent each in the last 24 hours. Bitcoin, the largest crypto by market value, was trading 1.34 per cent lower at $40,556. It was still up 5.6 per cent in the last seven days. Ethereum edged 0.44 per cent higher at $,2783. The second largest cryptocurrency by market value has risen 9.4 per cent in the last one week. BNB added 1.19 per cent, XRP fell 0.23 per cent while Terra declined 2.99 per cent.

ApeCoin (APE), the governance token of the well-known Bored Ape Yacht Club (BAYC) NFT project was airdropped to BAYC and Mutant Ape Yacht Club (MAYC) owners at 8.30 AM EST on March 17 and only 8 hours after APE became tradable in the open market, it has already jumped to the 110th most traded token ranked by CoinGecko, totalling $900 million in trading volume across all tracked platforms.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

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

After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected.

Within 24 hours of its launch on digital collectibles marketplace Veve, crypto enthusiasts purchased all 54,995 pieces of the Disney Pixar Pals nonfungible tokens, or NFTs, collection. The drop consisted of iconic characters and moments created by Pixar Animation Studios, including Sheriff Woody, Mike Wazowski,Lightning McQueen, The House from Up andEdna Mode. Users purchased their NFTs from a blind box, meaning that they receive a random collectible as part of the series and would not know which collectible until after payment. 

In this article

Barring the dollar pegged stablecoins and Terra, all of the top digital tokens were trading lower on Monday. Avalanche tumbled 6 per cent, followed by a 4 per cent fall in Dogecoin, Shiba Inu and XRP each. The global cryptocurrency market cap today dropped lower to $1.72 trillion, down about 3 per cent in the last 24 hours. Total cryptocurrency trading volume jumped as much as 16 per cent to $62.45 billion.

XRP price risks dropping by more than 25% in the coming weeks due to a multi-month bearish setup and fears surrounding excessive XRP supply.

The euphoria of Biden's signature over the executive order fizzled after inflation in the world's largest economy shot up to new four decade highs. Barring the dollar-pegged Tether and Avalanche, all of the top digital tokens were trading lower on Friday. Bitcoin and BNB fell 6 per cent each, followed by a 5 per cent fall in Ethereum, Shiba Inu and Cardano each.