The overall crypto market entered a slump over the weekend, after prices fell yet another time this month. Amid increased volatility, prices have been struggling to sustain bullish movements in the past few months. This has resulted in fluctuating market sentiments and an uncertainty among investors. Notably, leading cryptocurrency, Bitcoin
The cryptocurrency market continued to struggle to recover from the recent plunge. The global crypto market cap has briefly gained 0.26% to position above $2 trillion, over the last day. Whereas, the total market volume plummeted over 16.70% to $58.65 billion. The largest cryptocurrency, Bitcoin (BTC), is trapped between the
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while
In a market subdued by slow activity, Polygon’s native token, POL (formerly MATIC), has emerged as a standout performer. The token recently reached a 12-day high of $0.4219, recovering from a prolonged bearish phase. As of the latest data, POL is trading at $0.4141, marking a notable 9.3% increase in
Bitcoin’s price performance has remained under pressure for the past few months. The largest asset’s crucial challenge is to break free from its narrow trading range of $50K to $60K. The ongoing market volatility blocks Bitcoin from making an upward movement. Over the past 24 hours, the asset has plunged
Cardano ADA is showing signs of recovery after a period of decline. The cryptocurrency has rebounded from recent lows and is currently trading with notable bullish momentum. This resurgence comes amidst significant whale activity and shifts in trading volume. Technical indicators and market sentiment suggest that ADA could be on
Cardano founder Charles Hoskinson recently expressed his frustration over increasing misinformation regarding ADA staking and market cap manipulation. These false claims have become widespread, reaching what Hoskinson described as “epic levels.” A particular rumor asserts that ADA holders are trapped in staking pools. Consequently, this situation prevents them from selling
In the rapidly evolving cryptocurrency market, Altcoins like Aave (AAVE), Internet Computer (ICP), and THORChain (RUNE) are gaining significant attention due to their recent price movements and developments. Aave (AAVE) has been in the spotlight recently with its innovative lending protocol and key partnerships. Aave’s current price stands at $148.70,
Ethereum is trading at $2,329, according to CMC data, reflecting a slight decrease of 1.32% over the last 24 hours. Ethereum, the second-largest cryptocurrency by market capitalization, has faced notable pressure amid broader market corrections. With Ethereum’s network still being the backbone of decentralized finance (DeFi) and NFTs, price fluctuations
As we enter the final quarter of 2024, the cryptocurrency market stands on the brink of potential upheaval and opportunity. The Q4 has been marked by heightened activity and bullish trends, making it a prime time for investors. However, analysts have noted a growing resilience in altcoins, despite Bitcoin’s recent
