Daily news update: January 27th, 2022

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Crypto market update After last week’s extreme drop by over $10,000 in days to a six-month low beneath $33,000, the markets seemed significantly more positive in the past 72 hours. Bitcoin recovered $4,000 in a day, as reported on Tuesday before another increase to around $37,000 yesterday. Today Bitcoin kept climbing and reached almost $39,000….

Daily news update: January 26th, 2022

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Crypto market update The primary cryptocurrency dropped down by more than $10,000 in a few days from January 20th to January 24th. This resulted in a large number of liquidations for over-leveraged traders and harmed the overall sentiment for the entire crypto market. Since than Bitcoin started to recover, gained about $4,000 and reclaimed back…

Daily news update: January 21st, 2022

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Crypto market update Crypto assets have slid further following widespread weakness in global financial markets. Bitcoin dropped by more than $5,000 in hours and dumped to its lowest price point in roughly six months. The altcoins are also deep in the red, with Ethereum sliding below $3,000 and the entire market cap losing about $200…

Daily news update: January 20th, 2022

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Crypto market update After days of high volatility, the cryptocurrency market has recorded a slight recovery, with total capitalization slightly over $2 trillion. The valuation has been led by high-cap cryptocurrencies like Bitcoin and Ethereum. Bitcoin gained over 2% in the last 24 hours and is now near $43,000, while Ethereum was trading over $3,200 by…

Daily news update: January 19th, 2022

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Crypto market update Another day came with another price drop from Bitcoin, as this time, Bitcoin dipped to a nine-day low of just over $41,000. However since than it has recovered and currently its price is well back above $42,000. Most altcoins were also well in the red, making slight recovery this afternoon. Bitcoin (BTC)…

Daily news update: January 18th, 2022

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Crypto market update Bitcoin’s negative price movements continued today with the asset sliding below the level of $42,000 once again. The alternative coins were also harmed in the past several days. Ethereum traded above $3,400 last week before the market-wide correction started. In the past 24 hours alone, ETH has lost more than 4% and…

Daily news update: January 14th, 2022

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Crypto market update Bitcoin has slowly become more correlated with equities making its narrative as an uncorrelated asset less appealing. Bitcoin has stalled after dropping to $39,000 last week, and meanwhile, other top ten cryptocurrencies Ethereum, Binance’s BNB, Solana, Cardano and XRP have also dropped back, erasing much of the gains they’d made this week….

Daily news update: January 13th, 2022

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Crypto market update Bitcoin tried its hand at decisively reclaiming $44,000 but failed and sits just below it as of now. Most altcoins produced also significant gains and thus it seems that the crypto market cap bottomed at just over $1.850 trillion on Monday. However, it has increased by more than $200 billion since then…

Daily news update: January 12th, 2022

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Crypto market update After the most recent price slides and enhanced volatility, Bitcoin regained some strength and reached level of $43,000 for the first time in nearly a week. As of now it is still hanging near that level and its market capitalization has jumped above $800 billion. Most altcoins suffered similar losses to Bitcoin…

Daily news update: January 7th, 2022

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Crypto market update In just one hour, the crypto market has recorded over $175 million in liquidations; which is just one amongst many others recently. So far, roughly over $900 million has been liquidated in the market in less than 2 days. Bitcoin is struggling to maintain momentum above $40k. Ether has also shredded severely with…

Daily news update: January 6th, 2022

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Crypto market update Crypto market tumbleded and most digital currencies experienced a flash crash, including Bitcoin, Ethereum and others. The slide was driven by fear-induced market selling due to notes from the U.S. Federal Reserve’s December meeting, which indicated that the central bank could hike interest rates as soon as this March. Another blow came…

Daily news update: January 5th, 2022

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Crypto market update Market leaders Bitcoin and Ethereum are still trading somewhat sideways. Ethereum has outperformed Bitcoin as to recovery rate since the drop from Jan. 1, and is trading above $3,800 now. Bitcoin, meanwhile, has only recovered less than 1% over that same time and is trading at above $46,600 at press time. It…

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