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Bitcoin’s dominance keeps increasing as the alts took another massive beating.
Traders anticipate further downside, with approximately $1.05 billion in short positions at risk if Bitcoin returns to its price from the previous day.
Bitcoin’s dominance is on the rise, as the altcoins have plummeted by double digits (again).
Recent news of an impending attack by Iran against Israel has led to a significant selloff in Bitcoin and other cryptocurrencies.
Ethereum developers have set EIP-3074, which brings smart contract-like functionality to wallets, for inclusion in Ethereum’s next upgrade, nicknamed Pectra. However, crypto traders have raised security risks around the proposal, which could enable a malicious agent to drain a wallet’s entire contents through a single transaction.
Uniswap Labs has hiked the fee it charges for token swaps that utilize its interface by .1% for all trades, excluding certain stablecoin and wrapping transactions, on its mainnet and supported Layer 2 networks.
Bitcoin scores an accidental multi-year high as BTC price volatility sends altcoins shooting lower.
- 20:55US Treasury and IRS Finalize Tax Filing Requirements for Specific Crypto Digital Currency BrokersAccording to market news, the U.S. Treasury Department and the IRS finalized tax filing requirements for certain crypto digital currency brokers (RIN 1545-BR39, TD 10021). The Biden administration's progress in developing this regulatory regime has been delayed due to the cryptocurrency industry's resistance to tracking transactions.
- 20:08ORDI price reaches $26.56 per coin, up 3.03% on the dayORDI's latest price reached $26.56 today, up as much as 3.03%, with a trading volume of $113 million After analyzing the k-chart, it is currently in an oscillating trend. It is down sharply from 14:00, penetrating the low of 15:00 and down from 09:00. The simultaneous decline in price and volume suggests that market activity is weakening, with both buyers and sellers inactive. The market may be waiting for new drivers. In this case, prices may continue to be low or move sideways in the future until new market news or events occur. Investors should pay attention to market changes and events that may trigger price fluctuations. Trading volume decreases and price and volume fall in tandem. According to the Williams indicator, there is no overbought or oversold condition. The volume of trading has decreased recently, the number of trades is lower than in the previous hours, the price and the volume of trades are falling at the same time: the market is cold and trading is not active. Market activity is low, the rise may be a short-term fluctuation, it is recommended to continue to wait and watch the market dynamics. The above is for reference only and does not constitute investment advice.
