📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $35,960
Bitcoin price has remained around yesterday’s lows near $36,000 overnight, as support appears to have been found in the $35,000s.
Top-20 altcoins have suffered greatly over the last 24 hours, as Ethereum drops 6%, BNB falls 5% and NEAR Protocol leads with a 13% tumble.
Top Stories for May 6, 2022 🔥
Crypto futures positions have seen the largest amount of liquidations so far this month, as Bitcoin sharply fell to $35,700 yesterday.
Over $400 million in futures positions were liquidated, almost half of which came from Bitcoin futures positions alone ($191 million). Ether futures accounted for $64 million of the liquidations.
The market’s move was more in line with the Federal Reserve’s recent rate-hike announcement, which had briefly been followed by a confusing upward spike in prices.
The central bank of Argentina (BCRA) has quickly moved to ban retail banks from offering cryptocurrency trading services, just a matter of days after two banks did so.
The BCRA claims that their reasoning for the move was to protect users from crypto-related risks, as well as mitigate risk related to “the financial system as a whole”.
Banco Galicia and Brubank had recently announced that they would be offering the trading of Bitcoin, Ether, USD Coin and XRP.
Multi-chain bridge Hop Protocol has unveiled its new governance system and $HOP token, along with an airdrop for its early users on Ethereum.
3.35% of the total token supply has been allocated to early bridge users who sent more than $1,000 between blockchains using the protocol – with users needing to use the bridge twice to be eligible.