Best crypto exchanges and apps May 2023 - cyptoranking.com

2024-05-09

Popular crypto exchanges(2023 Update) 2024-05-09
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The bullish momentum that propelled Bitcoin (BTC) to a 66.1% year-to-date gain has all but vanished as Bitcoin lost 9.4% in the past 6-months. Bitcoin price seemingly had sustained bullish momentum after the Grayscale court victory against the SEC, but these gains have fully evaporated as the losing streak from September continues into October. The contraction in Bitcoin price has some analysts comparing the current BTC market to the pre-bull market cycle of 2015-2017 as $28,000 becomes a major resistance. Bitcoin price. Source: TradingViewLet’s take a closer look at the factors impacting Bitcoin price today.Liquidity disappears as Bitcoin longs liquidatedThe start of 2023 saw traders with short positions continually dominating liquidations in the futures market. Bulls were caught off-guard on Aug. 17 when a flash crash caused over $213.5 million of longs to be liquidated. This marked the largest single day of Bitcoin long liquidations since the Terra Luna collapse in May 2022. Since the flash crash, the market has been in a perpetual state of capital outflows from risk assets like Bitcoin. Options volume is down 40% on Oct. 9.Bitcoin long liquidations continued in October with $12.6 million liquidated in the 24-hours proceeding Oct. 9. Bitcoin derivatives overview. Source: CoinglassWhen BTC longs are liquidated without buying pressure from traders, Bitcoin price is negatively affected. Bitcoin trading volumes have also continued to drop as Binance bleeds market share for the seventh straight month after halting zero-fee trading. The absence of consistent liquidity and trading volume has led some analysts to describe Bitcoin price behavior as illiquid and choppy. Related: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report All eyes are on the spot Bitcoin ETFsThe short-term uncertainty in the crypto market does not appear to have changed institutional investors' long-term outlook. Despite a hostile U.S. regulatory environment, large institutions are pushing for Bitcoin financial instruments which may spark a bull run. Currently, 9 top investment firms have ETF applications pending with the SEC. Despite the urgency of major financial firms, the SEC seems poised to continue to delay decisions on approving Bitcoin ETFs, including BlackRock’s application, until 2024. This could continue negatively impacting investor sentiment and price action across the crypto market. While some investors have speculated that BlackRock may be suppressing Bitcoin price ahead of their eventual ETF launch, the argument seems to be a conspiracy as they have more to lose from a BTC price crash. Related: Bitcoin bulls keep pressure on $28K while calls for BTC price dip growEven with the current Bitcoin price downturn, Real Vision’s Raoul Pal believes macro factors like interest rate cuts and ETFs will spark the next BTC bull run. Will short term pain in macro lead to long-term gains in crypto?Bitcoin price continues to be directly impacted by macroeconomic events, and it is also likely that further escalation in the conflict between Israel and Hamas, regulatory actions and interest rate hikes will continue having some effect on BTC price. Directly after the conflict between Russia and Ukraine began, Bitcoin price dropped by 8%. While the drawdown was quickly erased, it’s likely that investors will expect the conflict-driven volatility to continue. In the long term, market participants still expect the price of Bitcoin to recover, especially as more financial institutions are seemingly embracing BTC. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. At the time of writing, 1213 NFTs have been minted, suggesting Starbucks has pulled in just under $25,000 from the collection so far. Best crypto exchanges and apps May 2023The news comes nearly one year after OK Group rebranded another part of its business, formerly known as OKEx. In December 2022, OKEx announced its transition to “OKX” to become more than just a centralized crypto exchange and capture decentralized finance, nonfungible tokens and Web3. The exchange was founded by OK Group CEO Star Xu in 2017. However, a deviation that is yet to be reversed fully is the drawdown observed around the FTX collapse in November 2022. Nonetheless, the whales have participated in some accumulation since the start of the year; more is needed to retrace the aforementioned plunge.

Exchange Rankings Crypto
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General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.DeFi has not followed through on its privacy promises — yet SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%My friendtech wallet was compromised through an elaborate phishing scam and my 22 ETH portfolio was nuked to 0😢They just bridged my ETH using Orbiter, and some has just been deposited to @binance https://t.co/dKIgKLPGophttps://t.co/ZJVSdW0AHW pic.twitter.com/zgz9T2LvLW Pizzimbono is the founder of CrossRegional Partners and Clave, an alternative asset manager and a crypto-based direct lending platform, respectively.

Finality in blockchain provides the necessary assurance of transaction validity and permanence, making it a foundational concept for the technology’s reliability and functionality. Apart from Morgan, many other crypto users disagreed with Alfred’s positions, with some of them sarcastically asking him to sell his ETH tokens to them. An X user with the identity Crypto King asked Alfred how many ETH tokens he had and proposed to buy them all. Ranks of commodities brokers dwindle as U.S. futures industry evolvesHence, when the Bitcoin Coinbase Premium Index enters positive values, spot prices on Coinbase have exceeded Binance’ marginally. When this happens, it means that US investors are increasing buying pressure. Nonetheless, Arbitrum is still on top among other layer-2 networks with 600,000 average daily transactions, compared to 400,000 for Optimism and Base, the firm pointed out.

According to Avast, "LoveGPT" can create convincing fake profiles on at least 13 different dating sites, meanwhile scraping users' photos, texts, and data. It categorizes users into age groups, likely to facilitate the creation of realistic fake profiles for targeted manipulation. The tool uses multiple databases to store details like profiles, conversations, email addresses, and a running log of AI-generated messages. Blockchain web hosting could be a promising solution for enhanced data privacy, security, and control. However, it is not without potential drawbacks. What is a Bitcoin Wallet? A Guide to Storing BitcoinOn October 2, BeInCrypto reported that Solana’s total value locked (TVL) hit a new 2023 all-time high of $338.82 million. Bitcoin or any other altcoins are not controlled by any government entities, hence it is decentralized. This makes the coin an independent asset. Transaction verification and impenetrable security are possible since Bitcoin was designed to function freely through a machine-driven ecosystem. Unlike the traditional financial banking system that is mandated by regulators, Bitcoin is strictly run by thousands of trustless nodes.

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