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…
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…
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…
Crypto market update The infamous psychological and technical resistance level at $50,000 has proven again too tough for Bitcoin to overcome. The cryptocurrency is currently retracing back to $48K, but many altcoins on the other hand are not following the leader of the market and are even charting new highs. Bitcoin (BTC) is now trading…
Crypto market update BTC was reported to be related with the recent development of Turkish lira, bouncing overnight as the lira shot up as much as 40% against the U.S. dollar. The move came as Turkey’s president, Recep Tayyip Erdogan, announced sweeping measures to protect consumers and attract lira investors. The switch-up fuelled Bitcoin and…
Welcome to our weekly brief. Here you will find an overview of main events and news from last week and expected events for week 51. Fundamentals and expected events: week 51 Crypto markets: The latest fears prompted by the new COVID-19 variant pushed all global market as well as crypto markets down again. BTC dropped during…
Crypto market update The cryptocurrency space, as well as global financial markets, all bled out in the past 24 hours, with BTC slipping to $47,000. The alternative coins enjoyed yesterday with impressive runs as well. Today, though, most are deep in the red. Ethereum was finally trading above $4,000, but a steep decline since then…
Welcome to our weekly brief. Here you will find an overview of main events and news from last week and expected events for week 50. Fundamentals and expected events: week 50 Crypto markets: Bitcoin has so far tended to move more to the downside at the start of this week. It lacks strong growth momentum…
Welcome to our weekly brief. Here you will find an overview of main events and news from last week and expected events for week 49. Fundamentals and expected events: week 49 Crypto markets: On December 4th, Bitcoin suffered its worst trading day since mid-May, as its price plunged to a two-month low of $42,000. Somewhat…
Crypto market update Bitcoin just passed the level of $58,000, but it is not sure that BTC will be able to hold this level as the last attempts to conquer that level failed. At the same time, some altcoins have produced more significant gains, including ETH, which is just inches away from a new ATH….
Crypto market update Bitcoin earlier failed to break the $59,000 resistance level and fell even further down the red numbers today. Data from Coinglass shows nearly $106 million worth of Bitcoin futures were liquidated today until press time. Following Bitcoin’s plunge were other large-cap cryptos like Ethereum (-7%), XRP (-9%), Solana (-6%), and Polkadot (-7%)….
Crypto market update After Bitcoin registered its latest all-time high at $69,000, it dropped down by $6,000 hours after the peak and did not fully recover yet. As of now, Bitcoin trades at just over $59,000, and its market capitalization is close to breaking below $1.1 trillion. The altcoins also suffered just as badly as…