The cryptocurrency market is in turmoil, with a significant 7% drop pushing it below the $1 trillion threshold. It’s a real massacre, partly precipitated by Securities and Exchange Commission (SEC) measures. Amid this turmoil, Bitcoin, the reigning champion, dropped 3.75% to $25,500. while Ethereum, the runner-up, plummeted 6.9% to nearly
Shiba Inu (SHIB), the popular memecoin, has continued to take center stage in the crypto market. Recently, SHIB has shown significant burns in the last 24 hours. The rise in the burn rate increased curiosity among investors. 6,658,708 $SHIB -> transferred to dead wallet. https://t.co/jeNSrpXBTE — Shibburn (@shibburn) June 6,
Following the Securities and Exchange Commission’s lawsuits against Coinbase and Binance, two prominent cryptocurrency exchanges, there was a slight marginal decrease in the prices of Bitcoin, Ether, and other major cryptocurrencies. Bitcoin experienced an immediate decline of approximately 2.87%, Ether dipped by 1.72%, and BNB, Binance’s digital currency, reached a
The global cryptocurrency market has been significantly jolted, including digital currencies such as Bitcoin (BTC) and Polygon (MATIC). This disturbance is mainly due to the recent measures undertaken by the U.S. Securities and Exchange Commission (SEC) against Binance, a leading cryptocurrency exchange. Market Instability and Dipping Prices Bitcoin, the leading
Well-known Bloomberg analyst Mike McGlone is skeptical about Bitcoin’s recent price movement. McGlone issued his June Crypto Outlook report, which predicts a catastrophic decline for the flagship cryptocurrency and the whole crypto market in the next months, lending more support to his prediction. The senior macro analyst at Bloomberg Intelligence
Bitcoin (BTC) jumped more than 3.4 percent during the early hours of trading on Monday, May 29. This occurs when the United States is ready to increase its debt limit from its present level of $31.4 trillion. According to CMC, Bitcoin (BTC) is trading 3.4% higher at $28,009 with a
The cryptocurrency market has been tumultuous, marked by volatility, regulatory uncertainties, and macroeconomic concerns. However, as 2023 unfolds, there is a sense of anticipation regarding the crypto market’s potential recovery or demise of cryptocurrencies. Bitcoin’s Quest for Stability: Bitcoin, the heavyweight champion of the market, has faced significant challenges lately,
The crypto ecosystem has encountered a notable decline, marking one of the most challenging days of the week. With a 1.4% drop over the past 24 hours, the market cap stands at $1.11 trillion. This decline in prices has triggered significant liquidation events on exchanges, resulting in a cumulative outflow
Shibarium DAO, a groundbreaking development in the world of cryptocurrencies, has made its much-anticipated debut, ushering in a new era of possibilities for investors and enthusiasts. With its recent launch, Shibarium DAO aims to revolutionize the crypto market and carve out a unique position for itself. In its current state,
According to reports, investors have withdrawn a total of $32 million from cryptocurrency investment products, marking the fifth consecutive week of outflows. The withdrawals have reportedly amassed a significant figure of $232 million. This represents 0.7% of the total assets being managed at present. 5th Consecutive week of crypto outflows
