Altcoin News by Thebittimes.Com

The overall mid-term sentiment remains bullish for the cryptocurrency market, despite the short-term bearish pivot, following a market retracement. In this context, a buy signal might surge for cryptocurrencies with strong fundamentals and technical indicators. A massive liquidation event wiped over $230 million of crypto’s total market cap in one day this week. Thus, short-term cryptocurrency trading suddenly saw a dominating fear taking over while cryptocurrencies tested support levels. In the meantime, some projects accumulated smaller losses than others, maintaining a strong position and holding their previous gains. Picks for you Sell-off alert: Bitcoin bearish bias remains strong 45 mins ago What’s going on with the Indian Rupee vs. Dollar (USD/INR)? 4 hours ago 2 cryptocurrencies to avoid trading next week 20 hours ago Anglo-Italian company claims major breakthrough in Bitcoin mining 22 hours ago Particularly, Finbold recurred to CoinGl...

The crypto industry has been constantly hit with multiple crashes. The ongoing collapse of Sam Bankman Fried’s FTX has instilled extreme fear among the entire community. While several continued to speculate more downfalls of prominent exchanges, Crypto.com’s collapse was being highly discussed. Over the last week, the exchange’s native asset Cronos or the CRO token recorded a drastic drop of 43 percent. Following this, the community expressed concerns about another possible liquidity crisis. However, appearing in a recent interview, the CEO of Crypto.com Kris Marszalek affirmed that the exchange wasn’t going anywhere. Marszalek noted that it did have exposure to the dramatic collapse of FTX. However, this was limited to $10 million. He further went on to confirm that Crypto.com entailed a strong balance sheet. JUST IN: Crypto․com CEO says the company has a strong balance sheet and minimal exposure to FTX. — Watcher.Guru (@WatcherGuru) Nove...