In the past 24 hours, the broader cryptocurrency market has displayed a significant comeback, surging by an additional 2%. The total market capitalization has now surpassed the $1.4 trillion mark, indicating that the crypto sector continues to exhibit substantial strength. This bullish trend persists despite recent statements from Federal Reserve
Despite the recent price slump, Solana has shown incredible resiliency in continuing its upward trend. Recent on-chain statistics shows that the cryptocurrency ended October with a 61.58% rise. The overall crypto market has been trading in red lately with the price of Bitcoin down 3.17% in the last 24 hours,
There is a direct correlation between the ecosystem’s total value locked (TVL) and the current spike in Cardano prices. According to the latest figures from DefiLlama, Cardano’s TVL has risen by 28.14% over the previous two weeks, to $210 million. $97.88 million of this TVL comes from the two major
South Korea has solidified its position as a crypto trading hotspot, with local exchanges surpassing global competitors in trading volume. A recent report from DeSpread Research sheds light on the country’s crypto passion, showcasing a strong preference for altcoins and local tokens among Korean investors. According to the report, the
Following a vote in favor of discontinuing the Lido on Solana protocol, Lido Finance, a decentralized liquid staking platform, will cease its Solana operations. It will “begin shortly” according to a blog post published by Lido on Monday, which states that the organization will cease its Solana staking product. 65
On Monday, cryptocurrency prices fell along with global equities markets and surging oil costs due to fresh unrest in the Middle East. On Monday, the violence between Israel and Hamas entered its third day. Oil prices seemed to be affected by traders’ speculation that the war may disrupt supplies if
Ripple, the 5th-largest cryptocurrency, could be gearing up for a rally, according to some analysts weighing market risk factors. Glassnode co-founder Negentropic recently tweeted that the current volatile crypto environment may set up willing risk-takers for gains in large-cap coins, including Ripple. He cited declining risk levels similar to those
In a rollercoaster week for the global cryptocurrency market, Bitcoin (BTC) led a bullish rally, nearly reaching a seven-week high of $28.3K on Monday, positively influencing various digital currencies. However, the market faced a sudden downturn today, plummeting by 2.56%. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Bitcoin experienced a surge
The global cryptocurrency market has maintained stability and is witnessing a slight recovery. Meanwhile, Binance, the world’s largest cryptocurrency exchange, has made the decision to sell its Russian unit as part of its strategic exit from the Russian market. Over the past 24 hours, the cryptocurrency market has displayed significant
While major cryptocurrencies, including Bitcoin, grapple with a downtrend in the market, the low-cap altcoin Terra Luna Classic (LUNC) has jumped to life with a significant breakout of a descending channel pattern. The cryptocurrency has gained nearly 12% (from $0.00005667 to $0.00006372) in intraday trading, and this unexpected surge has
