According to reports, investors have withdrawn a total of $32 million from cryptocurrency investment products, marking the fifth consecutive week of outflows.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
The cryptocurrency world has seen its fair share of trends, but perhaps none as intriguing and unpredictable as the rise of memecoins. These digital assets, often based on internet memes and jokes, have captured crypto enthusiasts’ and casual investors’ attention. However, investors find themselves uncertain about the continued relevance of
The crypto market has experienced significant growth and innovation over the last few years. New tokens are emerging and grabbing investors’ attention in the crypto market. Shiba Inu (SHIB) has gained significant popularity among the other cryptocurrencies. Recently, SHIB has witnessed massive growth. Is 2023 the year of SHIB? There
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has witnessed a continuous decline. The trading price of BTC has dropped below the $27K mark. Crypto analysts are suggesting that the trading price of Bitcoin will drop below the $25K mark if it continues to decline. Moreover, the market capitalization
Jerome Powell, the Federal Reserve Chairman, stated that the central bank is strongly committed to returning inflation to the 2% goal. And the failure could cause greater harm to the economy. The statement raises the question of whether the failure also harms the crypto market. On May 19, while speaking
Today price analysis shows that most of the cryptocurrencies are trading in the red zone. The bearish market sentiment has taken a toll on the prices of major digital assets. The previous days the bulls had managed to push the prices higher but failed to retain the gains and have
Today’s Bitcoin price analysis indicates the king coin has followed a declining trendline since recording a 12% price decline from a high of $29,865 on May 6. The price has dropped to as low as $26,166.87 on some exchanges, indicating a 3.16% dip in the last 24 hours. The current
According to the US Bureau of Labor Statistics, annual inflation in the United States for April came in at 4.9%, which was lower than the consensus estimate of 5%. In addition, after increasing by 5.6% in March, the annual core inflation rate declines to 5.5% in April. As a consequence,
The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last
Following memes, cartoon characters from the past decade are also getting into the cryptocurrency market. One such recent new edition is the Oggy Inu (OGGY). The memecoin’s emergence doesn’t have an end at all, with the entry and evolution of a set of tokens every day. #OGGY x #SHIBA 🔸
