Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$118,341.00
0.39%$3,345.32
6.71%$3.07
5.17%$709.12
3.14%$170.76
4.69%$0.999865
-0.00%$0.209694
5.75%$3,337.48
6.35%$0.312057
3.69%$0.751816
1.21%$46.10
-3.37%$118,236.00
0.40%$0.460988
0.86%$4,028.04
6.41%$3.92
-1.87%$16.51
2.97%$0.234724
0.52%$492.48
-1.08%$22.23
1.21%$3,579.68
6.44%$0.00001433
4.86%$8.80
-0.46%$3,340.07
6.18%$3.14
1.62%$96.53
0.67%$0.99987
0.01%$1.003
0.50%$45.05
1.69%$4.13
1.42%$337.22
0.29%$118,284.00
0.24%$0.00001326
4.51%$1.00
-0.09%$4.65
1.84%$8.74
-5.47%$319.61
-3.36%$423.42
-3.13%$0.439641
-1.29%$5.11
-1.24%$2.69
1.18%$0.105858
-2.41%$1.18
0.08%$0.00003892
24.65%$0.944686
0.49%$19.50
0.22%$5.52
-0.47%$207.64
4.66%$47.32
-0.18%$1.00
0.00%$0.738858
4.27%$0.286895
2.77%$0.091309
3.00%$0.362623
2.80%$1.00
0.01%$0.02519433
0.38%$4.70
0.77%$0.433179
-0.47%$3.97
2.51%$0.227189
-1.86%$3,351.11
6.75%$0.348752
-6.61%$0.761677
1.52%$9.79
3.59%$4.51
0.31%$16.26
3.85%$1.059
0.01%$0.00542295
-18.48%$1.092
2.39%$0.03021494
-6.09%$2.62
-0.28%$117,973.00
0.26%$181.85
5.23%$0.077942
-0.72%$1.77
11.71%$113.07
-0.49%$0.530254
1.48%$3,504.03
6.38%$3,804.64
6.31%$4.86
2.10%$11.71
0.50%$0.999782
-0.02%$0.998319
-0.06%$1.38
14.73%$1.92
-2.09%$1.001
0.03%$1.30
-0.41%$0.81712
0.92%$13.26
-0.02%$0.916128
18.25%$3,511.74
6.43%$4.28
-4.24%$0.077346
3.28%$0.01795906
4.00%$3,578.74
6.65%$0.00012511
26.43%$0.687699
-2.37%$0.369213
2.83%$3,609.81
6.42%$118,331.00
0.64%$1.00
0.04%$1.73
4.53%$3,526.66
6.51%$1.053
-0.23%$0.102433
-0.20%$0.533351
-0.47%$1.002
0.21%$118,219.00
0.27%$3,350.12
0.18%$710.43
3.21%$118,615.00
-0.41%$191.84
4.81%$1.11
0.06%$0.152074
0.24%$26.51
1.47%$0.225339
1.13%$0.551001
0.09%$2.49
2.37%$223.40
4.82%$0.999352
-0.03%$0.831313
0.06%$3,338.95
0.08%$0.909793
0.45%$0.0178496
1.59%$0.01668992
-0.14%$2.91
0.68%$0.904634
5.75%$0.31216
-0.52%$10.75
0.01%$3,573.29
6.56%$3,341.24
6.44%$44.01
0.44%$0.123446
1.15%$0.269411
-1.45%$3,547.31
8.18%$111.82
0.01%$0.651986
0.21%$0.00000069
-0.47%$4.11
1.95%$0.998475
0.03%$1.87
-1.15%$2.05
0.48%$118,014.00
0.34%$1.00
0.02%$0.01882672
0.13%$1.093
-0.07%$0.398075
-0.11%$0.0000016
1.30%$0.451543
-3.09%$3,342.38
6.35%$0.313668
-0.61%$0.00881837
1.31%$3.24
4.80%$0.059452
5.57%$0.997567
-0.03%$7.18
-21.20%$0.348853
-13.66%$0.00619482
-4.26%$28.74
-1.73%$1.60
2.24%$118,318.00
0.32%$46.02
-3.66%$0.542337
-0.94%$3,342.68
6.23%$1.28
2.65%$0.210205
6.02%$118,235.00
1.38%$1.00
0.04%$0.657908
-1.22%$3,555.88
6.43%$0.999988
0.02%$0.071222
-5.71%$1.16
-0.10%$0.140532
-3.13%$0.00856535
3.48%$0.098145
-4.27%$0.494815
-3.57%$0.998215
0.02%$0.457755
-2.11%$3,686.92
6.37%$45.96
-3.47%$0.642287
0.31%$0.403545
3.36%$0.190231
-0.36%$7.22
-3.33%$8.23
10.28%$0.43071
-0.08%$49.05
-1.09%$6.52
0.11%$16.15
2.28%$3,331.66
6.31%$0.216047
-7.02%$1.43
-0.97%$0.00000045
0.94%$0.320637
-7.40%$3,656.98
6.34%$0.00002196
-0.54%$2.58
0.86%$0.058889
-0.70%$1.72
7.86%$5.05
17.92%$1.093
0.02%$1.005
0.74%$0.999804
-0.00%$3,331.60
6.22%$0.00404196
-2.79%$0.04139917
0.50%$0.085616
2.85%$0.153151
-0.60%$3,343.91
6.55%$1.001
-0.14%$116,799.00
-0.36%$0.3989
8.21%$0.55081
0.06%$0.00565368
-1.81%$0.848809
-2.77%$1.37
0.44%$4,034.16
6.27%$0.999991
-0.01%$0.00727155
0.09%$0.03771594
2.74%$139.07
3.80%$186.80
4.72%$0.550611
2.29%$0.361421
-0.49%$0.01891417
0.94%$12.18
2.93%$118,308.00
0.37%$0.00006349
0.49%$0.00392079
22.40%$0.03281565
-0.44%$27.06
1.27%$21.13
-0.88%$0.74162
-1.67%$0.812163
3.87%$0.337475
-7.84%$0.999756
-0.00%$1.13
-0.12%$0.227312
-1.69%$0.00388022
1.49%$3,506.81
6.49%$22.23
1.06%$0.00000156
14.05%$1.002
0.27%$0.69028
0.30%$0.999365
-0.02%$3,774.05
6.62%$0.304773
6.34%$0.999423
0.01%Reading
After a tumultuous week across the crypto market caused by the collapse of Terra's UST stablecoin, the price of Bitcoin (BTC) has climbed back above $30,000 in the early hours on Friday, hitting an intraday high of $30,921.
Bitcoin fell to as low as $26,350 on Thursday, a level last seen at the end of December 2020 when the market was in the middle of a massive bull run. However—to the relief of many investors—fears that the leading cryptocurrency may plunge below the psychological level below $25,000 didn’t materialize.
The leading cryptocurrency backtracked to $30,368 by press time, representing a solid 10.9% increase in value, data from CoinMarketCap shows.
Despite the latest recovery, Bitcoin is still down 16.5% on a seven-day chart, with the benchmark cryptocurrency’s market capitalization now standing at $576 billion.
Ethereum (ETH), the industry’s second-largest cryptocurrency, is meanwhile up 9.7% over the past 24 hours as it hit the daily high of $2,128. It too is still down as much as 24% over the week.
ETH was trading at $2,077 at the time of writing, per CoinMarketCap.
The volatile price action this week came amid the destruction of what was once one of the largest stablecoins on the market, Terra's UST.
The effects were even seen in Tether, the industry’s largest stablecoin, at it also come under pressure, falling to 95 cents on Thursday. On Friday, USDT has recovered some and is trading at $0.9979 by press time.
Tether (USDT), the world’s largest stablecoin, briefly dropped 5% on Thursday, falling as low as $0.95. The stablecoin has recovered some but is still trading at $0.98, according to data from CoinMarketCap. It has a market capitalization of more than $81 billion. Paolo Ardoino, CTO of Tether and Bitfinex, shared with Decrypt via email that the volatility was "pure market dynamics." "On Bitfinex the Tether peg is [greater than] $1 while on Kraken it is slightly lower than $1. This has resulted in...
Leading names, including Cardano (ADA), Solana (SOL), Avalanche (AVAX), and Shiba Inu (SHIB), have meanwhile staged an even more impressive recovery in the past 24 hours, posting gains between 20% and 30%.
Crypto-related stocks have followed a similar pattern, with Coinbase’s shares closing the trading session on Thursday at $58.50, up 8.9% over the last day.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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The price of XRP hit a six-month high on Wednesday as notional open interest for the third largest cryptocurrency by market capitalization surged to record levels. The Ripple-linked coin was recently trading hands around $3.05, a 5.1% increase over the past day, according to crypto data provider CoinGecko. The asset’s price has climbed as high as $3.31 within the past year, while soaring 420% over the same period. Notional open interest for XRP perpetual futures, which reflects the amount of mon...