FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low
With investor confidence in cryptocurrencies ebbing as a result of the collapse of Sam Bankman-Fried’s FTX exchange, the total market capitalization of digital assets has fallen this month below $800 billion, a level not seen since early 2021, according to data from TradingView.
El Salvador and Tron's Justin Sun to Start Buying 1 BTC Every Day
The president of El Salvador, Nayib Bukele announced that El Salvador would start purchasing one bitcoin every day from Nov. 17. The announcement comes roughly three and a half months after the nation scooped up its last bitcoin in July 2022, buying 80 BTC at $19,000 per coin. El Salvador became the first country in the world to <a href="https://zycrypto.com/bitcoin-officially-becomes-legal-tender-in-el-salvador-country-secures-first-400-btc-purchase/">recognize bitcoin</a> as a legal tender in September 2021.
6,522 'Sleeping Bitcoins' Worth $107 Million Wake Up After 5 Years of Inactivity
On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years.
Bitcoin Trading Volume Hits an 8-Year High; Is This a BTC Bear Trap?
Bitcoin (BTC) has recently experienced increased price volatility, with the asset breaching key levels to the downside. However, the maiden cryptocurrency’s depressed price has not reflected on other key metrics like trading volume.
Bitcoin Consolidates Below $17K as SBF’s Twitter Rant Goes On (Market Watch)
Bitcoin tried its hand at overtaking $17,000 hours ago but was stopped once the UK inflation data came out.
Bitcoin and Ethereum Rebound as Inflation Shows Signs of Turning
Bitcoin and Ethereum jumped Tuesday along with stocks on positive news coming out of the U.S. about inflation.
Bitcoin Hosting Provider Applied Digital Secures $15 Million Loan With Vantage Bank Texas
Hosting provider Applied Digital, formerly known as Applied Blockchain, secured a $15 million loan deal with Vantage Bank Texas to expand its operations in that state.
Citi: Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse
There has been a clear weakening of the correlation between the S&P 500 equity index and bitcoin (BTC) as crypto markets suffer after the FTX and Alameda collapse, Citi (C) said in a research report last week.
Billionaire Michael Saylor Says Bitcoin Will Come Out on Top Following FTX Collapse
Former Microstrategy CEO and Bitcoin bull Michael Saylor believes the fallout of FTX could actually benefit Bitcoin and spark further growth in the crypto industry.
Bitcoin Tests $17K as Crypto Markets Add $40B on Musk and Binance Tweets (Market Watch)
The past 24 hours have been quite dynamic in terms of pricing on the cryptocurrency market. Bitcoin dropped below $16K, only to soar back toward $17K later, followed by the rest of the cryptocurrencies.
