30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $40,491
Bitcoin price has reclaimed the $40,000 mark again, as it continues a strong recovery from this week’s flash-crash.
Top-20 altcoins have somewhat stabilized, with Ethereum falling less than 1%, XRP dropping 3% and Binance Coin gaining 4% for the day.
Top Stories for May 21, 2021
Cryptocurrency lending platforms were preparing for a crash, according to Unchained Capital CEO Joe Kelly, whose company had lowered its loan-to-value (LTV) ratios in anticipation of a plunge.
Unchained capital was not the only company to lower its LTV ratios, with Nexo also making the same preparations. Nexo co-founder Antoni Trenchev says that “excess leverage” has now been cleared out of the system.
Avanti Financial founder and CEO Caitlin Long believes that a “US crypto regulatory crackdown” is underway, however there will be no ban on Bitcoin.
Long emphasised a pattern being “pretty clear” that regulators has set their sights on the space, but predicts that they will leave plenty of room for innovation.
Google search volumes involving cryptocurrency have reached a new all-time high in the United Sates and globally, according to Google Trends.
The peak in the search topic came the week of May 9 to May 15, which also happened to coincide with Ethereum miners earning a new record in revenue – including $128 million in a single day.
The post Lending Platforms Expected Crash, Citing “Excessive Leverage” – May 21 appeared first on BitcoinPrice.com.
Source: Lending Platforms Expected Crash, Citing “Excessive Leverage” – May 21