The crypto market saw announcements of Binance being imposed by GST fees and the Ronin Network’s hack in the last 24 hours. Importantly, on-chain data provider Crypto Quant’s author, observed that almost 60% of the top 50 cryptocurrencies have lost their 2024 gains. On the other hand, the largest cryptocurrency,
The cryptocurrency market experienced a significant downturn yesterday, dropping below the $49.5K mark and hitting a six-month low. Despite the slump, wallets holding between 1,000 and 10,000 BTC displayed confidence by consistently increasing their holdings as prices fell. Conversely, wallets with less than 1 BTC demonstrated weak hands, showing the
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,
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
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
The largest cryptocurrency, Bitcoin witnessed amplified price activity over the last 30 days. While the brief market crash in July’s first week brought prices sliding down, the token has attempted to regain its previous price levels in the past few weeks. In the last 24 hours, the BTC price increased
The crypto market was anticipating the spot Ether ETF launch to bring in a bull run for Ethereum; however, the bears took control over the bulls and pushed the price below $3.4K. Whereas, Bitcoin’s price jumped to new highs after three months of its Spot ETF launch. How long will
The crypto market witnessed a significant milestone as spot Ethereum began trading on Tuesday, following weeks of back-and-forth on registration statement edits. According to Sosovalue data, spot ETH ETFs recorded inflows within the first 24 hours of trading. While the ETF greenlight was expected to spark a bull run, the
In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners. On
