Decentral Block Post

The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1.

At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33.

Only one address successfully sold the token at $10.29 through the ARB/USDC pool on Uniswap, bagging $64,340 for 6,250 tokens. A few others were able to sell for $4.50, however, the price dropped quickly below $1.50 as more sellers arrived. 

Nansen data shows that out of 6.03 million ARB claimed by “smart money” wallets, $5.01 million were moved to a centralized or a decentralized exchange, most likely to sell. The analytics firm puts “smart money” tags on addresses that trade in significant size and are usually active.

While some smart money accounts added 3.45 million from DEXs. Overall, the amount moved to exchanges was 150% larger than inflows to the wallets, suggesting a massive sell-off.

The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1.

At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33.

Only one address successfully sold the token at $10.29 through the ARB/USDC pool on Uniswap, bagging $64,340 for 6,250 tokens. A few others were able to sell for $4.50, however, the price dropped quickly below $1.50 as more sellers arrived. 

Nansen data shows that out of 6.03 million ARB claimed by “smart money” wallets, $5.01 million were moved to a centralized or a decentralized exchange, most likely to sell. The analytics firm puts “smart money” tags on addresses that trade in significant size and are usually active.

While some smart money accounts added 3.45 million from DEXs. Overall, the amount moved to exchanges was 150% larger than inflows to the wallets, suggesting a massive sell-off.

Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown.

Bitcoin shrugs off Coinbase, Do Kwon arrest

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp.

The pair kept the volatility coming as the dust settled on the prior day’s interest rate decision and associated commentary from the Federal Reserve.

Despite Fed Chair Jerome Powell giving mixed signals over how and if rate hikes would continue, crypto market commentators argued that the sudden drop that Bitcoin witnessed had been over-the-top.

“Make sure to remember the panic and calls for lower next time you get a dip during a HTF uptrend,” popular trader Crypto Chase wrote in part of Twitter analysis.

Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH). 

Litecoin attracts Bitcoin and Ethereum investors

LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC and ETH rising 1.79% and 1.42%, respectively.

The Federal Reserve's 25 basis points (bps) rate hike on March 22 appears to be the key driver behind Litecoin beating its crypto rivals over the past 24 hours.

Notably, LTC price rallied over 15% versus BTC and about 14.5% versus ETH since the Fed announcement.

One reason could be that Litecoin has relatively underperformed the cryptocurrency market in March, dropping over 6.5% month-to-date (MTD) versus the crypto market's 9.35% gains.

Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH). 

Litecoin attracts Bitcoin and Ethereum investors

LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC and ETH rising 1.79% and 1.42%, respectively.

The Federal Reserve's 25 basis points (bps) rate hike on March 22 appears to be the key driver behind Litecoin beating its crypto rivals over the past 24 hours.

Notably, LTC price rallied over 15% versus BTC and about 14.5% versus ETH since the Fed announcement.

One reason could be that Litecoin has relatively underperformed the cryptocurrency market in March, dropping over 6.5% month-to-date (MTD) versus the crypto market's 9.35% gains.

Founded in 2015 by Ethereum co-founder Charles Hoskinson, Cardano is a proof-of-stake (PoS) blockchain that is often referred to as the “Ethereum killer,” owing to its superior technology and high level of security and sustainability.

Much like Ethereum, Cardano also allows users to stake its native cryptocurrency, ADA, to earn staking rewards. Cardano allows individuals to stake via staking pool operators and pool their tokens with other users or run their own Cardano staking pool.

Staking pools are frequently operated by those with technical experience and the appropriate hardware for effectively staking on the Cardano network, although anyone can become their own staking pool operator. Users also have complete autonomy to decide which pool they’d prefer to join and can assess each based on pool size, uptime and past performance.

Cardano divides periods of time into epochs, a measure of time used to specify when events in the network are set to occur, such as incentive distribution or validator transaction assignments.

On Cardano, each epoch consists of 432,000 slots, smaller units of time further divided into one-second intervals. One Cardano epoch lasts approximately five days. After each epoch concludes, a snapshot records the distribution of staked ADA tokens. This is used to calculate the rewards each staker will receive.

In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto trading platform displayed how its members could have captured a cumulative 113% gain by following five trades based on three different advanced data indicators. The report depicts trading alerts generated between March 5 – 10, 2023. 

The potential gains available to Cointelegraph Markets Pro subscribers significantly outperform a simple buy-and-hold strategy during the same period, which would’ve yielded holders of Bitcoin (BTC) a loss of 10%.

Cointelegraph Markets Pro uses indicators such as the VORTECS™ Score, NewsQuakes™ and Tweet Volume to provide alerts for subscribers in real time. The past three reports have included alerts with cumulative returns over 100%, showing that this advanced crypto intelligence platform churns out winning trade opportunities each week.

VORTECS™ Alerts

Everipedia (IQ) — 20% gain

Frequent top performer IQ rapidly recovered from the mid-week market plunge. On March 12, a string of strong VORTECS™ scores as high as 92 alerted subscribers of bullish conditions for the token. The asset’s price was $0.005 when the green lights flashed, but just eight hours later it jumped to $0.006, an increase of 20%!

IQ is the native token of Everipedia, an informative knowledge platform built on blockchain technology. The token powers all application and governance processes for the platform.