Market focus

The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with…

Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims. The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to allegations of market manipulation and a lack…

BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla. Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin market cap has managed to flip that of tech giant Meta. At the time of…

The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped…

According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows. On March 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which reveals that investors have continued to show negative sentiment toward crypto investment products, with outflows totaling $17 million. The negative…

The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin’s market cap. The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital….