The crypto market is in a wave of negative momentum, with the total market cap down 3% to $2.9 trillion. Bitcoin and Ethereum have been at the forefront, with price dips of 14% and 17%, respectively. Other altcoins like Solana (SOL) and Polkadot (DOT) have not been spared and have
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Leading on-chain analyst, CryptoQuant’s author ‘binhdangg’ observed that 60% of the top 50 cryptocurrencies have lost their 2024 gains. Amid increasing liquations, leading tokens have shown significant price declines. Meanwhile, dog-themed meme coin Shiba Inu has exhibited notable price hikes in the last 24 hours. According to CMC data, the
On August 5, the decentralized finance (DeFi) protocol Aave showed notable strength amid a severe crypto market plunge. Aave generated $6 million in revenue from decentralized finance liquidations. This spike in revenue is a response to economic events, like the interest rate hike by the Bank of Japan and the
Following a sharp dip to the $2,100 zone on Monday, Ethereum (ETH) has climbed back to test the $2,500 barrier. This recovery raises questions about the Ethereum market trend, with a target at the $2,750 level before possibly resuming a bearish trend. On Monday, ETH’s price plummeted more than 23%
Bitcoin (BTC) and Ethereum (ETH), the largest cryptocurrencies by market cap, have faced a critical and dramatic downturn that panicked the global crypto community. In the unforeseen market crash, BTC plummeted by 17%, hitting its 5-month-low at $49K. Likewise, ETH recorded a severe drop of 24%, priced below the $2.5K
The overall crypto market has suffered a significant price drop over the last few days. Similar to the beginning of July, leading cryptocurrencies fell to previous support levels. This bearish turn has led to the rise of various speculations, with analysts expecting further dips. The leading cryptocurrency, Bitcoin, showed a slight
Financial behemoth JPMorgan claimed that a buy-the-dip opportunity is approaching as the world market collapses across asset classes. There have been a few brief liquidations in the last hour as the price of Bitcoin recovered from its decline below $50,000 and re-broke $54,000. According to the JPMorgan trading desk, the
The cryptocurrency market is grappling with significant losses as the beginning of August has shown an unprecedented downturn. The primary trigger for this sell-off appears to be looming uncertainties regarding Jump Crypto’s sell-off. This issue has led to widespread panic among investors, worsening an already volatile situation. XRP has taken
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,
