Huobi’s $HT surged after the crypto exchange disclosed the airdrop of the new “Dominica coin.” Coinbase Wallet to end support for $BCH, $ETC, $XRP and $XLM, citing “low usage.” $BTC and $ETH rose on Wednesday. _jocelynyang_ reports
) gained 4.3% to $1,220. Despite major assets rebounding from Monday’s fall, traders are trying to find out “which parts of the cryptoverse are about to break,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a Tuesday note.
Moya noted that it is not a “friendly environment to buy the crypto dip” because the risks to downside are elevated, “given pricing disparities for other crypto derivatives, fears of a potential run on some exchanges and concerns [that] risk appetite is in for a rough period as the economy appears headed for a recession."as investors eyed the protests against COVID-19 lockdowns in China and awaited remarks by U.S.
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