The crypto market woke up bleeding red as the charts were drenched in red candles. Notably, the market cap has settled at $2.94 trillion, after losing a solid 6.52%. With extreme fear, all digital currencies are in red, bears dominating the screens. Meanwhile, the largest asset, Bitcoin (BTC), has found
Last week, the crypto market displayed a clear divergence between overall macro sentiment and sector-specific rotation. While BTC traded sideways, locked in a stalemate between bulls and bears around a key range, investors actively focused on structural opportunities within the Bitcoin ecosystem, Solana DEXs, and the L1/L2 scaling sectors. HTX
According to crypto entrepreneur Mike Alfred, the U.S. will hold off on buying Bitcoin to add to its strategic reserve until foreign competitors decide to go ahead with their purchases. Alfred is of the opinion that American officials will be compelled by foreign pressure to take the initiative in the
Investors in Bitcoin exchange-traded funds in the United States are now collectively underwater for the first time since these products were launched, according to market intelligence company Glassnode. Bitcoin plunged below $89,600 on Tuesday, causing the average entry price for all spot Bitcoin ETFs to move underwater. Some early adopters
The spot Bitcoin exchange-traded funds in the United States have seen a hugely negative week of trading, with withdrawals of $1.1 billion last week, which is their fourth-largest outflow period recorded. In fact, the big money pullout happened at the same time when the price of Bitcoin dropped by more
Market confidence in digital assets is at its lowest level since late February due to the macroeconomic concerns that keep weighing on investor psychology. The most commonly referred to Fear and Greed Index showed an extreme fear reading of 10 this weekend, which is the lowest value it has been
With the choppy sentiment across the crypto tokens, the prices are moving both ways, giving an ambiguous picture. The bears have no idea of loosening their hold, leading to loss of momentum. Meanwhile, the Bitcoin market continues to slide, illustrating an intense downtrend. It has entered the extreme fear zone
TeraWulf, a Bitcoin mining company, has announced it had a strong third quarter, which saw revenues increase by 87% compared to the same quarter last year to $50.6 million. The jump in revenue stems primarily from the price of Bitcoin nearly doubling from the third quarter of the previous year.
Trump Media and Technology Group reported accumulating losses in the third quarter, despite the cryptocurrency investments yielding certain positive returns. The mother company of Truth Social reported a net loss of $54.8 million, which is almost three times the loss of $19.3 million in the same period last year. The
Crypto markets move in cycles—and every few years, a new project emerges that redefines what early investment success looks like. In 2013, that project was Bitcoin (BTC). What began as an experiment in digital money turned early believers into millionaires as its price skyrocketed from a few dollars to over
