Bitcoin Correlation to Wall Street Persists, Market Calms Down Following Terra Demise: This Week’s Crypto Recap

The cryptocurrency markets have calmed down in the week following the demise of UST and LUNA.

Bitcoin price falls to $31K as traders prepare for a ‘rocky’ road and more downside

BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks. “When it rains, it pours” is an old saying finding new relevance in the cryptocurrency markets on May 9 as traders face another day of pain and the current price decline brings Bitcoin (BTC) to its lowest level in 2022. Data from Cointelegraph Markets Pro and TradingView shows that the BTC selloff on May 9 intensified as the trading day progressed with Bitcoin hitting a daily low of $31,000 as bulls scrambled to mount what amounted to a weak defense.

Question of centralization faces growing crypto insurance industry

Cryptocurrency insurance is expected to be a big business: Will it be centralized or decentralized? Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem.Investopedia reports that cryptocurrency insurance is seen as a “big opportunity,” with a spokesman from one of the world’s largest insurers, Allianz, saying that the company has explored product and coverage options in the cryptocurrency space as it becomes “more relevant, important and prevalent on the real economy.”The cryptocurrency ecosystem is still seen as dangerous and volatile, where funds aren’t completely secure even on leading cryptocurrency exchanges.

Terra (LUNA) Backer Continues Bitcoin-Buying Spree, Acquires Another $1,500,000,000 in BTC

Public blockchain Terra (LUNA) is resuming its Bitcoin (BTC) shopping frenzy even as the cryptocurrency markets experience a roller coaster of price action.

Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate

Bitcoin has long been known as a “store of value,” but is the world’s largest cryptocurrency transitioning to becoming a risk-off asset in 2022? Thursday was a bloodbath for traditional and cryptocurrency markets.

SkyBridge goes all in on crypto, betting on ‘tremendous growth’ ahead

"For us, we think the cryptocurrency markets represent tremendous growth,” said SkyBridge founder Anthony Scarramucci.

Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps

Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.” Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month.

Bitcoin, Ethereum Technical Analysis: BTC Back Above $41,000 as Crypto Bulls Return

Following recent losses, BTC rallied on Tuesday, as bulls appeared to have returned to cryptocurrency markets.

Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout

The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets.

Analytics Firm Issues Crypto Warning, Says One Bitcoin (BTC) and Ethereum (ETH) Metric Flashing Signs of Correction

Crypto analytics firm Santiment is highlighting a key indicator that could signal an end to the recent rally in the cryptocurrency markets.

Seven common mistakes crypto investors and traders make

Cryptocurrency markets are volatile enough without making simple, easily avoidable mistakes.

Biggest Movers: IOTX Climbs 13%, as GRT Leads Gainers on Tuesday 

Following a slow start to the day, cryptocurrency markets rebounded during the afternoon, as bulls regained optimism prior to Wednesday’s FOMC meeting.

Biggest Movers: RUNE Rises by Over 15%, as FTM and AVAX Trend Lower

Thorchain (RUNE) rallied to its highest level since January, as cryptocurrency markets started the week mainly in the red.

Ethereum Price Analysis: ETH Won’t Turn Short-term Bullish Till This Level Breaks

The ETH market currently resembles the sideways consolidation that is also taking place across all other cryptocurrency markets.

Bitcoin Stagnates at $39K, THORChain’s RUNE Surges 10% (Weekend Watch)

Cryptocurrency markets failed to produce any notable price action in the past 24 hours.

Biggest Movers: XRP Rises 7%, While LUNA Falls by the Same Amount

Although cryptocurrency markets started the weekend lower, XRP was able to avoid the red wave, rising by as much as 7% in the process.

Weekend Watch: Bitcoin Consolidation Continues, Ripple (XRP) Skyrockets 7%

Cryptocurrency markets are mostly trading flat today as BTC continues its consolidation.

Bitcoin, Ethereum Technical Analysis: Crypto Prices Fall Lower as Markets Continue to Digest Biden’s Executive Order

Less than 24 hours after US President Biden’s executive order, cryptocurrency markets were back in the red, as the global market cap fell by over 5%.

Biggest Movers: Monero, Cosmos Slip on Thursday, as Crypto Economy’s Red Wave Returns

With cryptocurrency markets falling on Thursday, XMR and ATOM were two of the biggest movers during the day.

Technical Analysis: WAVES Almost 20% Higher to Start the Week, as FLOW Also Rises

WAVES was once again trading higher, as cryptocurrency markets marginally climbed to start the week.

Bitcoin Drops Below $39,000 As Crypto Markets Tank Over The Weekend

Cryptocurrency markets were hit by a sudden fall over the weekend, with the global market cap dropping 3.80% in just 24 hours and now sitting at $1.73 trillion.  Bitcoin fell by 3.44% in the last 24 hours to $38,168 per coin.

Bitcoin, Ethereum Technical Analysis: ETH Prepares for Rally, While BTC Seeks Support

Bitcoin remained under the $40,000 level on Sunday, as bears continued to pressure cryptocurrency markets.

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $40,000 to Start Weekend

Bitcoin has fallen below $40,000 to start the weekend, as cryptocurrency markets extend recent losses.

Crypto Market Cap Returns to $2 Trillion

Global cryptocurrency markets have rallied strongly in the wake of the Russian invasion of Ukraine.

Artrade: Stepping into the NFTs Field With an Integrated Marketplace

The past year can be characterized by many things, and we saw plenty of trends come and go to the cryptocurrency markets.

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher

While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days.

Bitcoin, Ethereum Technical Analysis: BTC Drops to 2-Week Low Below $40,000

Losses in cryptocurrency markets extended on Friday, with bitcoin falling to multi-week lows in the process.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Fall Lower Against USD

Cryptocurrency markets were trading lower for a second consecutive session, leaving bitcoin and ethereum both in the red.

Technical Analysis: GALA Climbs 16%, Qtum Leads Tuesday’s Bulls

GALA was one of Tuesday’s big gainers, as cryptocurrency markets were once again trending upwards.

Technical Analysis: SHIB Climbs 50% Higher, as Meme Coin Hits $16 Billion Market Cap

Shiba inu (SHIB) is up over 50% as of writing, with cryptocurrency markets continuing to gain momentum to start the week.