Following the Fed’s CPI data release on Tuesday, the global crypto market is rebounding by displaying bullish rallies. Since the onset of 2023, memecoins and AI-based crypto tokens dominated the trending lists on Twitter and various aggregator feeds – CoinMarketCap and Coingecko. Significantly, Bitcoin and Ethereum reclaimed the ranks and
The value of Bitcoin (BTC), the biggest cryptocurrency, increased by an astounding 18% during the previous 24 hours to surpass the $26,000 mark. This increase occurs after inflation rates seemed to be leveling off in February. Yet, February’s inflation increase was in keeping with market forecasts. The annual inflation rate
The United States Consumer Price Index (CPI) data exhibited conflicting inflation indications on March 14, driving Bitcoin (BTC) over $26,000. The announcement of the Consumer Price Index for February triggered an unexpected wave of turbulence. Year-over-year inflation rose by 6%, while inflation from month-to-month came in at 0.4%, which was
The decentralized pioneer Bitcoin transitions to an uptrend spiking the anticipation of a bull run. Despite the Fed economy being in financial distress of the centralized bank runs, BTC outperformed by surging above $24,000. Following the closure of Signature bank, BTC shot up from $20k to $24.8K. Significantly, since the
Past weekend has given a panic attack to every other person in the financial sector, whether the conventional banking arena or the crypto market. The current week has started quite positively now. Bitcoin (BTC) moved up from $19.6K to $24.8K. The intense rise in the price and sudden drop is
Bitcoin (BTC) reached its monthly high on March 13 when U.S. bank equities saw one of the greatest collective stops in their history. According to CMC, the price of BTC surpassed the $24k level and is now trading at $24,348. In the last 24 hours, it is up by 18%.
The macroeconomy witnessed a cascade of bank failures – Silvergate, Silicon Valley, and now Signature – in the US economy. Since all these were crypto-friendly banks, the impact of their collapses caused significant declines in the crypto market. The sudden de-pegging of Circle-issued USDC is the evident aftermath of the
The largest cryptocurrency, Bitcoin ($BTC), starts the week with significant price changes. BTC soared more than 9.5% in the last 24 hours after plunging as low as the $19 range over the weekend. Also, the biggest altcoin, Ethereum ($ETH), rose by almost 10%. The price of Bitcoin is skyrocketing as
Here are the top 5 trending cryptocurrencies on Twitter. Let’s check out the trending reasons now. Shiba Inu (SHIB) Over the past few weeks, Shiba Inu has witnessed a dramatic increase in the value of the Shiba Inu (SHIB) token, a digital asset. A virtual reality project called the metaverse,
Global cryptocurrency market has fallen down below the long-maintained $1 trillion market cap. The present crypto market capitalization is $928,980,961,277, which is quite frightening. Trading volume in the last 24 hours is $68,881,759,540. If the crypto scenario is studied excluding the Bitcoin (BTC) contribution, the market cap is $544 billion.
