Bitcoin’s vagaries show their consequences
After a serious decline at the start of the week, the first crypto on the market regained some color last night. Yet, Bitcoin’s correction is not over as more and more long-term investors are liquidating.
Prices are yo-yoing and while other cryptocurrencies sometimes follow suit, it is mainly two very specific assets that suffer the most.
To learn more, read the following articles:
???? Bitcoin alert: long-term investors multiply big sales
???? The fall of Bitcoin does great harm to these assets
Altcoins explode despite everything
As is customary, altcoins take advantage of Bitcoin’s weakness to explode in turn. This week, it is especially the native token of Tornado Cash that is making the headlines. Indeed, TORN experienced an explosive rise following an unexpected court decision concerning the famous crypto mixer.
But layer 1 cryptos don’t have to be jealous of him! The latter also shine with increases even approaching 7,000% and the biggest winners are not those you think.
To learn more, read the following articles:
???? Tornado Cash: TORN explodes after its legal victory in the USA
???? CoinGecko: gains of up to 7,000% for layer-1 tokens
Crypto AI is gaining ground
They are among the most watched sectors for this bull market, crypto AI is riding high on the upward trend and they may well not stop there. 21Shares has just launched four ETPs in Europe, based on specific assets. And the demand is only growing!
To find out more, read the following article:
???? 21Shares launches four new ETPs focused on AI cryptos
Celsius still repays its creditors
After two years of battle, the lending platform Celsius Network is entering the final chapter of its bankruptcy as FTX did a few weeks ago. After a first wave of payment, the second part of the repayment plan has just been launched.
Aggrieved users will be able to review the color of their money, under certain conditions.
To find out more, read the following article:
???? Reimbursement of Celsius: a second payment of $127 million to creditors
Binance delisting turns sour
The crypto platform Binance announced yesterday the upcoming delisting of five altcoins, including Gifto (GFT). Just hours after the announcement, the GFT price collapsed.
But when we take a closer look, we realize that the phenomenon is far from being due to the panic of holders and that something more serious is going on.
To find out more, read the following article:
???? Binance delisting: the GFT collapses after the announcement of its departure
The moral of the story: in crypto, there is no light without shadow.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
