Glassnode estimates that 78,400 BTC belonging to miners could be at risk of being liquidated if the bitcoin price drops below $18.3K. Volatility may intensify after an extended period of consolidation around $20,000.
Cryptocurrencies are losing popularity as an investment vehicle amid a bear market. According to a Bankrate survey, trust in digital assets has fallen further among millennials, to 29% from 49% in 2021. The number has dropped from 21% to 11% among the older generation.
Analyst firm Bolide Finance said investors prefer trading on stable returns in the DeFi sector, which is showing positive returns despite the cryptocurrency crisis and low volumes.
International payments company Mastercard has unveiled Crypto Secure, a solution that enables banks to detect and prevent fraud on crypto-enabled trading platforms.
The developers of Telegram’s Wallet bot have launched a P2P service for the direct purchase and sale of Bitcoin and Altoncoin (TON) between users.
By FxPro Senior Market Analyst Alex Kuptsikevich