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….
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…
Cryptomarkets are know for their volatiliy and the latest development is the best illustration for what it means in practice. On January 22, Bitcoin fell to $34,500 before rebounding slightly to weekend’s $36,300. The optimism has been short-lived, however, as the leading cryptocurrency has now dropped to $33,707. Why are cryptomarkets falling? As with every…
Welcome to our weekly brief. Here you will find an overview of main events and news from last week and expected events for week 04. Fundamentals and expected events: week 04 Crypto markets: Cryptocurrencies have wiped out another approximately $130 billion from their total market capitalization in the last 24 hours. Bitcoin has weakened by…
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…
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…
What is a metaverse? A metaverse is a virtual world that could connect people even more than social networks. The concept of a metaverse was not known to the general public much until recently, when Mark Zuckerberg changed the name of the Facebook owner company to Meta and explained that the metaverse is the future….
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)…
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…
Welcome to our weekly brief. Here you will find an overview of main events and news from last week and expected events for week 03. Fundamentals and expected events: week 03 Crypto markets: After another unsuccessful attempt to overcome $44,000, Bitcoin retraced once more and dipped below $43,000. Most altcoins are also in the red…
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….
As of January 1, 2021, there were a total of 8,153 cryptocurrencies. In 2021 alone, 8,070 new coins were created, which is almost 100% growth in just one year. In total, there are now 16,223 cryptocurrencies on the crypto market. PlatonCoin is holding steady in the top 1,000. Cryptocurrencies are increasingly popular The ease of…