Crypto short sellers face $1.9 bn loss as Bitcoin surges
Despite rally, total short interest has risen by $4.50 billion to $10.71 billion.
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Bitcoin hits fresh all-time high of $73,000, Ether inches near record high; what fuelled rally in cryptos?
Bitcoin price touched a new high of $73,157.55 today, surging 46% in the last one month from $50,000 level.
Bitcoin, Ethereum Keep Crypto Buzz Going
Digital currencies continue to feed off speculative trends far from anything material.
Will crypto market rebound in 2023? Here’s what experts say
Bitcoin and Ethereum are down 75% from their all-time highs in November 2021; some experts believe that cryptos will bounce back in the coming months.
India slips 2 places in global crypto adoption
China re-entered the top 10 this year after placing 13th in 2021. This is interesting given the Chinese govt’s ban on all crypto trading in Sept 2021.
7.3% Indians own crypto assets: UNCTAD
India ranks seventh on the UNCTAD list, below Russia, Ukraine, Singapore, Venezuela, Kenya and the US.
Crypto market reclaims m-cap of $1 tn; Bitcoin rebounds above $23,000
Bitcoin rose 7.5% to hit one month high of $23,526 in the past 24-hour trade; the world’s largest crypto has gained 18.5% in a week.
Bloodbath On The Crypto Street
The carnage on Wall Street has impacted cryptocurrencies the most, with a number of them seeing a price erosion between 85% to 100% from their all-time highs.
Fixed Crypto Returns! Tread With Caution
It’s not possible to generate guaranteed returns from such a volatile asset class. Most such products are marketing ploys.
Crypto Bloodbath: Why next one year will be tough
The idea is, says Rajagopal Menon of WazirX, that this asset class will be volatile because it is traded 365 days for 24 hours.
