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In a dramatic turn, the cryptocurrency market has experienced a major setback, with the total market capitalization plunging by 14% in the past 24 hours. This drop saw assets worth $1 billion liquidated from the crypto market, marking one of the steepest declines in recent history. Bitcoin, the leading cryptocurrency,
For the first time to date, DEXs built on the Solana network surpassed those built on Ethereum, in terms of trading volume for the month of July. Solana had more daily trading volume than Ethereum for the whole month of July, according to DeFiLlama statistics for DEX volumes by blockchain.
In the Q2 of 2024, the transaction volume on the Ripple’s XRP Ledger (XRPL) dropped significantly, as reported in the latest XRP Report. The XRPL ecosystem is also seeing a similar drop, and it is part of a larger trend impacting key blockchain protocols. With a decline of 65.6% from
Finance market commentator Vandell Aljarrah has put forth a compelling case for an impending XRP price surge. The co-founder of Black Swan Capitalist argues that half a decade of pent-up market pressure could catalyze a dramatic upswing in XRP’s valuation. This assertion, shared via social media platform X, has ignited
The crypto market seems littered after the Fed’s decision, resulting in increased volatility. Bitcoin and Ethereum have declined and slipped to their previous lows. Notably, Solana also stepped into bearish momentum after its brief upward breakout. SOL exhibited over -3% price decline in the past day, causing the token to
Avalanche (AVAX) finds itself caught in a downward spiral. The digital asset has shed a quarter of its value in the final days of July, plummeting below the crucial $25 threshold. This stark decline comes at a time when the broader crypto ecosystem is grappling with a mix of bullish
As the cryptocurrency world holds its breath, Ripple and the Securities and Exchange Commission (SEC) prepare for another closed-door encounter. This imminent meeting has ignited a flurry of speculation about a potential settlement in their long-standing legal battle. Despite the anticipation, the market’s reaction paints a picture of cautious pessimism,
The possibility of Solana-based exchange-traded funds (ETFs) has emerged as a topic of heated discussion. VanEck’s Head of Digital Assets Research, Mathew Sigel, has taken a bullish stance, suggesting that Solana ETFs could materialize sooner than anticipated. This optimistic outlook stands in stark contrast to the more conservative approach adopted
The crypto market exhibits a bearish sentiment followed by the unchanged Fed rate. Bitcoin has dropped by 3%, and the largest altcoin, Ethereum, recorded a similar downside price action by falling over 3.70%. A low has formed near $3,136, indicating a negative outlook. The price drop of ETH can also
The Bitcoin (BTC) market displayed selling pressure soon after the US Federal Reserve’s meeting on Wednesday, July 31. The cryptocurrency’s value fell by 6% and landed in the $63,000 zone. This drop marks the first time Bitcoin has slipped below $65,000 since July 25, according to CoinMarketCap data. Federal Reserve
