The cryptocurrency market is experiencing significant turbulence as altcoins face a sharp downturn while Bitcoin remains relatively stable. Despite Bitcoin trading below $66K, altcoins have suffered substantial losses, erasing gains from the March rally. The Market sentiment remains bearish, with calls for near altcoin season dwindling. Several factors contribute to
The altcoin market has been dominated by bears in recent weeks, with little significant momentum. Although considerable changes and growth are anticipated, most coins are moving at a slow pace. However, MATIC, the native token of Polygon, has experienced a notable imbalance compared to the broader crypto market. MATIC has
Ethereum bulls and bears are in a feud to break the $3K range to go to a high of $4K. Thus, at the time of writing, the coin is trading at $3,535 with a 0.67% gain in the past 24 hours. After a 15.89% decline, the daily trading volume recorded
As the cryptocurrency market continues to experience turbulence, recent activity surrounding Pepe Coin (PEPE) has captured significant attention. Despite a downturn in its price, a substantial whale transaction suggests potential bullish momentum. On-chain data tracking platform Lookonchain reported that a significant PEPE trader capitulated, selling all 114.7 billion PEPE for
Australia and other major markets such as the United States and Hong Kong are embracing Bitcoin ETFs as an investment option. Along the line, the Australian Securities Exchange Ltd. (ASX), has officially approved the first spot Bitcoin exchange-traded fund. It will begin trading on June 20. Fund issuers like Van
The U.S. SEC Chairman Gary Gensler’s statement regarding the spot Ethereum ETF approval by September has spurred the community to speculate on the price momentum of Ethereum (ETH). Notably, demand for Ethereum surged this week. This is evident from the inflows of permanent holders purchasing 298,000 ETH on Wednesday, marking
In the past few months, crypto regulatory policies have witnessed a global upscale. Countries such as Zimbabwe have initiated regulatory measures earlier this year. Amid crucial regulatory events, Taiwan announced the launch of a ‘crypto industry association’ encompassing leading members from 24 crypto firms. The association, “Taiwan Virtual Asset Service
Toncoin (TON), the native token of the TON blockchain developed by Telegram, is standing out in the altcoin market’s challenging landscape. Despite prevailing adverse conditions, Toncoin has risen by 8.60% in the past 24 hours, surging to $7.64. Analysts are optimistic, forecasting a potential rise to $10 in the near
Bithumb, the second-largest cryptocurrency exchange in South Korea, has announced the launch of the Internet Computer Protocol (ICP) Korean Won (KRW) trading market to commence on June 12, 2024, at 20:00. The launch of the ICP-KRW trading pair is expected to provide more possibilities and facilitate liquidity in the market.
Bitcoin has encountered a tumultuous ride in recent days, grappling with a formidable bearish onslaught since the weekend. With BTC hitting a nine-day low of approximately 67,212, just hours ago, its current valuation stands at $67,417, marking a 2.83% decline. Despite the downward spiral, trading volume has surged by 2.87%.
