The crypto asset market has been corrected again this week along with news that the giant crypto trading platform Kraken will close its crypto staking operations in the United States (US).
Based on Coinmarketcap data, Bitcoin (BTC) has fallen from the psychological level of US$22,000 since last Thursday. Today, Saturday (11/2), at 12.19 WIB, the coin with the largest market cap fell 0.65% in the last 24 hours and slumped 6.99% in a week. Ethereum (ETH) has also fallen 7.94% in the week and 1.46% in the last 24 hours.
Meanwhile, The Graph (GRT) token became the top gainer in a week by shooting up 62.22% to US$0.159. While the Fanthom token (FTM) became the top losers with a sharp fall of 32.30%.
Previously, the US Securities and Exchange Commission (SEC) had announced on Thursday (9/2) that Kraken's staking-as-service program was illegal securities and the company had to close the program's operations. Kraken was also ordered to pay a fine of US $ 30 million as a result of this.
Information only, staking is when crypto investors 'lock' their crypto assets within a certain time frame to participate in the transaction validation process on the blockchain.
By staking, investors can receive passive income without having to sell their crypto assets.
Meanwhile, Kraken-style staking services offer investors the opportunity to get rewards by depositing their crypto into various protocols that can generate certain returns.
Some argue, BTC will be corrected again and test the support level of US $ 20 thousand in the near future. This is because investors are worried about the strong US employment data which could make The Fed continue to continue its tight monetary policy going forward.
However, some others believe that this price correction is only temporary, before it will surge again in the future. They see that there are similarities between the current trend and the story of 2019 when the market was bearish.
“What we are experiencing right now seems more akin to strong market activity and then sideways which pretty much defined 2019,” Emurgo Managing Director Vineeth Bhuvanagiri wrote to CoinDesk, while mentioning this happened after the previous market crash.
The crypto asset market has been corrected again this week along with news that the giant crypto trading platform Kraken will close its crypto staking operations in the United States (US).
Based on Coinmarketcap data, Bitcoin (BTC) has fallen from the psychological level of US$22,000 since last Thursday. Today, Saturday (11/2), at 12.19 WIB, the coin with the largest market cap fell 0.65% in the last 24 hours and slumped 6.99% in a week. Ethereum (ETH) has also fallen 7.94% in the week and 1.46% in the last 24 hours.
Meanwhile, The Graph (GRT) token became the top gainer in a week by shooting up 62.22% to US$0.159. While the Fanthom token (FTM) became the top losers with a sharp fall of 32.30%.
Previously, the US Securities and Exchange Commission (SEC) had announced on Thursday (9/2) that Kraken's staking-as-service program was illegal securities and the company had to close the program's operations. Kraken was also ordered to pay a fine of US $ 30 million as a result of this.
Information only, staking is when crypto investors 'lock' their crypto assets within a certain time frame to participate in the transaction validation process on the blockchain.
By staking, investors can receive passive income without having to sell their crypto assets.
Meanwhile, Kraken-style staking services offer investors the opportunity to get rewards by depositing their crypto into various protocols that can generate certain returns.
Some argue, BTC will be corrected again and test the support level of US $ 20 thousand in the near future. This is because investors are worried about the strong US employment data which could make The Fed continue to continue its tight monetary policy going forward.
However, some others believe that this price correction is only temporary, before it will surge again in the future. They see that there are similarities between the current trend and the story of 2019 when the market was bearish.
“What we are experiencing right now seems more akin to strong market activity and then sideways which pretty much defined 2019,” Emurgo Managing Director Vineeth Bhuvanagiri wrote to CoinDesk, while mentioning this happened after the previous market crash.
The crypto asset market has been corrected again this week along with news that the giant crypto trading platform Kraken will close its crypto staking operations in the United States (US).
Based on Coinmarketcap data, Bitcoin (BTC) has fallen from the psychological level of US$22,000 since last Thursday. Today, Saturday (11/2), at 12.19 WIB, the coin with the largest market cap fell 0.65% in the last 24 hours and slumped 6.99% in a week. Ethereum (ETH) has also fallen 7.94% in the week and 1.46% in the last 24 hours.
Meanwhile, The Graph (GRT) token became the top gainer in a week by shooting up 62.22% to US$0.159. While the Fanthom token (FTM) became the top losers with a sharp fall of 32.30%.
Previously, the US Securities and Exchange Commission (SEC) had announced on Thursday (9/2) that Kraken's staking-as-service program was illegal securities and the company had to close the program's operations. Kraken was also ordered to pay a fine of US $ 30 million as a result of this.
Information only, staking is when crypto investors 'lock' their crypto assets within a certain time frame to participate in the transaction validation process on the blockchain.
By staking, investors can receive passive income without having to sell their crypto assets.
Meanwhile, Kraken-style staking services offer investors the opportunity to get rewards by depositing their crypto into various protocols that can generate certain returns.
Some argue, BTC will be corrected again and test the support level of US $ 20 thousand in the near future. This is because investors are worried about the strong US employment data which could make The Fed continue to continue its tight monetary policy going forward.
However, some others believe that this price correction is only temporary, before it will surge again in the future. They see that there are similarities between the current trend and the story of 2019 when the market was bearish.
“What we are experiencing right now seems more akin to strong market activity and then sideways which pretty much defined 2019,” Emurgo Managing Director Vineeth Bhuvanagiri wrote to CoinDesk, while mentioning this happened after the previous market crash.