Chain News by Thebittimes.Com

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,186 trillion. Bitcoin is up by over 36% after an exhilarating week. Ethereum increased by almost 20% over the past seven days. XRP gained more than 12% in value this week. Almost all altcoins are trading in the green, with virtually no exception. The DeFi sector increased the total value of protocols (TVL) to around $50 billion. Crypto Trends 13 – 19 March 2023: Market Analysis and Performance The bulls are back with a bang in the crypto market. This week saw the much-anticipated US bailout of its crashing banks, which immediately rejuvenated all the financial markets. Following the insolvency of several financial organizations, most famously the Silicon Valley Bank, the US banks (under Fed’s umbrella) borrowed $300 billion. While some feared this move would cause interest rates to surge uncontrollably, t...

In a Monday press release , bankrupt crypto brokerage firm Voyager digital revealed which company won the bid for its assets. Per the publication, exchange platform Binance.US made the highest bid for the troubled lender’s assets. This means Binance.US will acquire Voyager’s assets for approximately $1.022 billion. Voyager Chooses “Best Deal” for Customers  The Binance.US bid covers the fair market value of the lender’s crypto portfolio. At the moment, the market value of Voyager’s holdings rests at about $1.002 billion. As such, Binance.US’s bid includes $20M more to account for a possible increase in the future. In the release, Voyager claimed that it had carefully looked over its options before settling on the crypto exchange. The goal was reportedly to see customers come out on top. Voyager set out to maximize the value its former users and other creditors will receive while hastening the refund process.  According to the firm, the Binance bid “sets a clear path...

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $790 billion. Bitcoin climbs above and retains the $17,000 level. Ethereum gained only 1% over the past seven days. XRP decreased by nearly 1% this past week. Almost all altcoins are trading in the red, with few exceptions The DeFi sector maintains the total value protocols (TVL) at around $41 billion. Crypto Trends 5-11 December 2022: Market Analysis and Performance The crypto market closes a largely uneventful week. Most of its assets are wobbling between green and red, with most spending more time in the latter. The market capitalization dropped by nearly $60 billion and below the $800 billion mark. Meanwhile, Binance’s CZ and FTX’s former CEO, Sam Bankman-Fried (SBF), held this week’s headlines with a back-and-forth war of words. Bitcoin is far from its signature bull runs, now seemingly anc...