Analysis Crypto by Thebittimes.Com

Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since. It's been a year since the demise of the FTX exchange — an event that's now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago. In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several cryptocurrencies. The ones that suffered the most were tokens with deep financial ties to FTX, including Solana (SOL), Serum (SRM), and the exchange's own token, FTX Token (FTT). Crypto market capitalization daily price chart. Source: TradingView But a year later, things have not only improved for BTC, but for most cryptocurrencies impacted by the FTX collapse. Here are the top-gainers (from the top-30 by market capitalization) that would have yielded the biggest profit if bought in November 2022. Solana up 660% from FTX crash bottom Solana's price plummet...

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels. Three banks, Silvergate, Silicon Valley Bank and Signature collapsed within a span of a few days. That increased demand for United States government bonds, which sent the yield on the 2-year Treasury tumbling to 4.06%, a fall of 100 basis points since March 8. This was the largest 3-day decline since Oct. 22, 1987, following the stock market crash, when the yield fell 117 points. Although the Federal Reserve announced the formation of a $25 billion Bank Term Funding Program to support businesses and households, the regional banks are taking it on their chin on March 13. This shows that equities traders remain nervous. Daily cryptocurrency market performance. Source: Coin360 However, among all the mayhem, it is an encouraging sign to see Bitcoin (BTC) lead the cryptocurrency recovery from the front. Bitcoin climbed back above $24,000 on March ...

Over the last couple of months, the prominent meme coin Shiba Inu ($SHIB) was seen dominating the entire crypto industry. However, the fervor around this community-driven project seemed to be simmering down. Despite the launch of its recent collectible card game, the altcoin barely garnered any gains. It seems like Binance users weren’t too curious about the meme coin either, as it failed to bag a spot on its top 10 trending search list. As per recent data curated by Crypto Differ, Shiba Inu stood in the 14th spot on Binance’s trending searches. This was quite surprising to many considering the usual zeal around the network. Source In the above chart, Binance Coin ($BNB) emerged as the most popular asset on the exchange. The world’s second-largest crypto , Ethereum ($ETH), stood second on this chart as well. This is mostly due to the increased liquidations that occurred throughout the day. It should be noted that a whopping $4.95 million in ETH liquidations took p...

Join Our Telegram channel to stay up to date on breaking news coverage According to a representative for Binance, the largest cryptocurrency exchange in the world, a $570 million theft has affected a blockchain connected to the company. This is the latest in a string of attacks that have hit the cryptocurrency industry this year. In a tweet, Binance CEO Changpeng Zhao said that tokens had been taken from a blockchain “bridge” utilized in the BNB Chain, formerly known as the Binance Smart Chain until February. Utilizing blockchain bridges, cryptocurrency can be moved across other apps. According to researcher Chainalysis, thieves are increasingly focusing on them, with about $2 billion stolen in 13 distinct hacks, largely this year. According to Zhao’s post, the thieves made off with almost $100 million worth of cryptocurrency. Later, according to a blog post by BNB Chain, the hacker withdrew a total of 2 million BNB coins, valued at about $570 million. Accor...