Analysis News Today TheBitTimes.com

Crypto.com confirmed the delisting of the Terra Classic token from its trading platform following Terra Labs’ bankruptcy filing. The announcement of the de listing of Terra Classic (LUNC) by the major exchange was follow ed by a significant 12.4% drop in LUNC over the last 24 hours by press time. The de listing news reached investors through emails with the de listing scheduled for Feb. 15. The lack of any previous official communication initially raised doubts about the authenticity of the information, with concerns about potential email spoofing. Email sent by Crypto.com to its customers You might also like: Crypto.com delists Terra LUNA, token plunges nearly 10% Fears of the rumor were soon confirmed true as Crypto.com acknowledged the de listing without issuing an official statement through their website or social media platforms. The situation was exacerbated mere hours after Terraform Labs, the organization behind Terra Classic, filed for Chapter 11 ban...

BTC bears are outnumbered based on open interest volume, but bulls' hopes of $20,000 before 2023 have already been hampered. A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by a brutal bear market. It is important to highlight that the U.S. stock market likely has driven those events, as the S&P 500 index peaked at 4,631 on March 29 but traded down 21% to 3,640 by mid-June. Moreover, such a date coincides with the centralized cryptocurrency lender Celsius issues, which halted withdrawals on June 12, and the venture capital 3 Arrows Capital (3AC) insolvency on June 15. While the fear of an economic downturn has undoubtedly triggered the cryptocurrency bear market, the reckless mismanagement of centralized billion-dollar entities is what sparked the liquidations, pushing prices even lower...