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What’s Going on in Crypto?

1/7 What’s happening in Crypto by BESSAGE 29 Dec 2022 💰 BTC Price: 16538.23 🔋 Hashrate:230.51 EH/s 📊 Difficulty:35.36 T Bitcoin BTC cryptocurrency Crypto airdrop Blockchain climate

2/7 Argo Blockchain Agrees to Sell Helios Facility to Galaxy Digital for 65M One of the many struggling crypto mining companies – Argo Blockchain – will try to avoid bankruptcy by selling its Helios facility to Mike Novogratz’s Galaxy Digital.

3/7 Altcoins Bleeding Out: Solana and LUNC Crash by Double Digits (Market Watch) After bitcoin’s failure at 17,000 yesterday, the asset has retraced by a few hundred dollars and dipped toward 16,500 earlier today.

4/7 Altcoins in Red Most alts were rather calm in the past few days, but that has changed on a daily scale now. Ethereum stood above 1,200 for about a week, but a 2% decline has pushed it to just under that level.

5/7 Ripple, Cardano, MATIC, Polkadot, Tron, Litecoin, and Shiba Inu have all retraced by up to 5% in a day. Dogecoin has seen a bigger price drop of 5.5%, and the first-ever memecoin is close to breaking below 0.07.

6/7 Bitcoin plunged 65% in 2022 as Terra, FTX went up in flames In case you missed it: Crypto prices plunged this year thanks to industry gaffes and the wider — and very damaging — macroeconomic environment.

7/7 The global crypto market capitalization plunged to below 900 million from over 2 trillion as cryptocurrencies entered a bear market in line with traditional markets. With that came some very memorable crashes.

This post is based on this twitter thread.

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