With the weekend’s news of the closure of a Silicon Valley bank, which dominated headlines, stock trading in the shares of many banks was suspended today due to extreme volatility. A few examples include Charles Schwab, Western Alliance, and First Alliance. The news follows today’s comments by President Joe Biden
Bitcoin (BTC) reached its monthly high on March 13 when U.S. bank equities saw one of the greatest collective stops in their history. According to CMC, the price of BTC surpassed the $24k level and is now trading at $24,348. In the last 24 hours, it is up by 18%.
The macroeconomy witnessed a cascade of bank failures – Silvergate, Silicon Valley, and now Signature – in the US economy. Since all these were crypto-friendly banks, the impact of their collapses caused significant declines in the crypto market. The sudden de-pegging of Circle-issued USDC is the evident aftermath of the
The largest cryptocurrency, Bitcoin ($BTC), starts the week with significant price changes. BTC soared more than 9.5% in the last 24 hours after plunging as low as the $19 range over the weekend. Also, the biggest altcoin, Ethereum ($ETH), rose by almost 10%. The price of Bitcoin is skyrocketing as
Global cryptocurrency market has fallen down below the long-maintained $1 trillion market cap. The present crypto market capitalization is $928,980,961,277, which is quite frightening. Trading volume in the last 24 hours is $68,881,759,540. If the crypto scenario is studied excluding the Bitcoin (BTC) contribution, the market cap is $544 billion.
Today’s major mover was Ripple native cryptocurrency XRP, as prices surged for a fourth day of a green candle in a week. Less than 24 hours after trading at a low of $0.3864, XRP/USD soared to an intraday high of $0.3957. Following the recent rally, the 4th largest altcoin XRP,
Are the dramatic rise and consecutive demise of bullish rallies of assets in the stock market or the highly volatile crypto market normal? Do they indicate any specific economic phenomenon? Have these questions ever popped into your mind? Here are the answers – No, it is not normal to observe
The U.S. dollar turned slightly up today as traders and investors await the Federal Reserve Chair Jerome Powell’s testimony ahead of the last week’s jobs report, which will probably determine how much further the U.S. central bank raises interest rates. According to the Federal Reserve government report, Fed Chairman Jerome
Another crypto industry giant Silvergate Capital is in danger of collapsing less than four months after Sam Bankman-Fried’s crypto exchange FTX and its sister company Alameda Research filed for bankruptcy. The global cryptocurrency market cap plummeted from $1.13 trillion to $1.02 trillion in just three days. The warning spread throughout
The trillion-dollar cryptocurrency market is being bombarded with a mix of events – regulation updates, delistings, new listings, and high price spikes owing to soaring community hype. Remarkably, since the start of 2023, memecoins swayed the crypto sector with its new launches and upcoming updates. Let us now have a
