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    Crypto Carnage Causes Flight To Bitcoin Safe Haven, Dominance Demonstrates

    2021

    Crypto Carnage Causes Flight To Bitcoin Safe Haven, Dominance Demonstrates

    crypto basset hound

    The crypto bloodbath continues to rage on, as bitcoin drops 13%, although to a lesser degree than what was experienced last week. Due to this, there have been several migration patterns recorded in crypto investors as they look for the best safe haven. The first had been the flight to stablecoins for cover from the unending losses. However, the tide has changed on this once again as investors look to now be flocking back to bitcoin, causing dominance to rise. Bitcoin Re-Establishes Dominance The decline has affected all cryptocurrencies in the market but data shows that some more than others have had a worse time of it. Altcoins, especially the small cap altcoins, have recorded the highest losses as expected. Bitcoin is not spared from this though. Related Reading | Ethereum Hashrate Breaks All-Time High, Will Price Follow? The largest cryptocurrency by market cap is now down 13% price-wise but this has not stopped it from re-establishing its dominance over the market, touching a new six-month high. It is now at a 44.4% dominance and it hasn’t been this high since October of 2021. BTC dominance returns | Source: Arcane Research Mostly, the decline of investor sentiment into the negative has been one of the major factors in driving investors towards bitcoin. Since altcoins are getting hammered in the market, investors are looking to BTC, which they believe to be a safer bet compared to the lesser cap coins. The result of this has been money from altcoins being moved into bitcoin, leaving altcoins behind this. As such, bitcoin has only recorded a 23% decline since the month of May began, the lowest decline of all the indexes. Others have recorded higher declines. The Large Cap Index came in with a 28% loss in the last two weeks, the Mid Cap Index with 31% in the same time period, while the Small Cap Index has been hit the worse with a 37% decline. Stablecoins Take A Hit The whole UST debacle has begun to settle but the effects of the third-largest stablecoin crashing continue to affect its counterpart. After the UST de-pegging, some of that low sentiment had flowed into the largest stablecoin, USDT, which had lost 10% of its market cap. BTC dominance reaches six-month high | Source: Market Cap BTC Dominance on TradingView.com One of the reasons for this though had also been the peg of the stablecoin being challenged as bitcoin’s price declined. It is also speculated that some of the funds leaving USDT had flowed into another stablecoin, USDC, which happens to be the second-largest stablecoin. Related Reading | Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market Both these stablecoins have continued to maintain their dollar peg though. This leaves UST as the only stablecoin that lost its peg. Featured image from Yahoo Finance, charts from Arcane Research and TradingView.com

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    Bitcoin Don’t Get Caught in This Trap On Price Before The Real Move

    000

    Bitcoin Don’t Get Caught in This Trap On Price Before The Real Move

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    I JUST BOUGHT $200,000 WORTH OF LUNA!!!!

    000

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    🚨 BITCOIN BREAKOUT!!! I AM TAKING BIG ACTION RIGHT NOW ON BYBIT!!!

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    This Is Who I Would Fight In The Metaverse

    ADA

    This Is Who I Would Fight In The Metaverse

    In this interview with Meta Money, Ben disclosed who he would fight in the metaverse. Who would you fight in the metaverse? Check out Meta Money Here! ➡️ https://www.youtube.com/c/MetaMoney Learn more about crypto ➡️ https://bitlabacademy.com
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    Ripple Price Analysis: Approaches Five-month Low; No Ray Of Light for XRP?

    Analysis

    Ripple Price Analysis: Approaches Five-month Low; No Ray Of Light for XRP?

    crypto basset hound

    XRP price started the session on a higher note but failed to retain the gains. The upside momentum vanished quickly with a sharp reversal in the price. The immediate upside hurdle near $0.65 acted as a strong resistance barrier for the XRP buyers. Today is the single largest fall in XRP price in the past

    The post Ripple Price Analysis: Approaches Five-month Low; No Ray Of Light for XRP? appeared first on CoinGape.

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    These Mental Health Apps Are A Privacy Nightmare

    All

    These Mental Health Apps Are A Privacy Nightmare

    Mozilla just updated its “Privacy Not Included” guide that shows you which apps are and products are collecting your data, and there are a huge number of mental health apps and prayer apps that have concerning data practices. Brought to you by NBTV members: Sam Ettaro, Will Sandoval, and Naomi Brockwell To support NBTV, visit https://www.nbtv.media/support
    (tax-deductible in the US) Sign up for the free CryptoBeat newsletter here:
    https://cryptobeat.substack.com/ Beware of scammers, I will never give you a phone number or reach out to you with investment advice. I do not give investment advice. Visit the NBTV website:
    https://nbtv.media Here are a bunch of products I like and use. Using these links helps support the channel and future videos! Recommended Books: Permanent Record – Edward Snowden
    https://amzn.to/305negc No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State – Glenn Greenwald
    https://amzn.to/2UQmJ4m What has the government done to our money – Rothbard https://amzn.to/2KMzmcu Extreme Privacy – Michael Bazzel (The best privacy book I’ve ever read)
    https://amzn.to/3JzUwXh Naomi’s Privacy Bag: some of my favorite products to help protect your privacy! Use the Brave browser! https://brave.com/nao076 USB-C to ethernet adapter:
    https://amzn.to/2lOVBoy Lightening to ethernet adapter:
    https://amzn.to/2nWyNns Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone)
    https://amzn.to/3DjIvCP Data Blocker (if you’re charging your phone in an unknown port, use this so that no data is transferred)
    https://amzn.to/2SVh0J2 Computer privacy screen (use your computer in public? Keep your information safe! Choose the size right for your computer)
    https://amzn.to/3F816Sn Phone privacy screen (don’t let people in public see your private data, choose the size for your phone)
    https://amzn.to/3wNtYwb Camera cover (for computers and phones, so no one can access your camera without you knowing)
    https://amzn.to/2Mt7Hic Privacy Tip: Turn off your wifi and bluetooth when you’re not using them!!! (or don’t use them at all)

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