History of Crypto: DeFi revolution during a global crisis

When the COVID-19 pandemic emerged in early 2020, it brought devastation to individual lives and global economics. The crypto sphere also took a hit as the cryptocurrency market crashed in March of that year. In just one day, Bitcoin’s value against the dollar dropped by 52%, while Ether saw a loss of 43%. This sudden … Read more

$102M shorts liquidated as Bitcoin price surpassed $72K

Approximately $102 million in short positions with borrowed funds were closed in the last 24 hours because Bitcoin (BTC) surpassed $70,400 in value. Has Bitcoin (BTC) definitively broken through its weekly price range? Over $33 million worth of Bitcoin shorts liquidated Yesterday, Bitcoin reached a peak price of $72,668. Since then, it has retreated and … Read more

Levels of consumer trust in crypto increasing: Report

According to a recent Deutsche Bank report, there’s been a slight decrease in consumer doubt regarding Bitcoin. However, only around one-third of those surveyed anticipate a significant price decline by the close of 2024. A survey released on April 8th gathered opinions from approximately 3,600 consumers. Around 52% of them expressed their belief that cryptocurrencies … Read more