The trading day opened with the cryptocurrency market exhibiting a moderate dip in market cap of 2.23%, positioned at $2.33 trillion, over the last 24 hours. Major cryptocurrencies are priced in red. Notably, the largest asset, Bitcoin (BTC), has briefly entered the bearish zone by losing over 2%. The largest
Coinbase has intensified its push for regulatory transparency, filing two Freedom of Information Act (FOIA) requests against U.S. agencies. The exchange aims to shed light on the growing restrictions faced by banks dealing with crypto deposits. It particularly targets the Federal Deposit Insurance Corporation (FDIC) and other regulators involved in
The cryptocurrency market has been through bullish turns, with the market cap reaching $2.36 trillion. Major assets are striving to recover in the second half of October. In particular, Solana (SOL), the fifth-largest cryptocurrency, has drawn out its gains by 4.87%. SOL chose a bullish rally for the day, breaking
The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis Fed highlighted that Bitcoin complicates fiscal policy. Specifically, the Fed argues that Bitcoin creates a
Elon Musk has made headlines in the crypto industry by mentioning particular crypto assets. Recently, he has mentioned XRP, making an impact across the market. Notably, Musk has been actively campaigning for Donald Trump in recent weeks and discussed various topics such as the economy, politics, and cryptocurrency. Musk mentioned
Since its origin, cryptocurrency has been closely intertwined with politics. The nature of the sector, with its open threat to centralized finance, has rendered politics to be its constant watchdog. Moreover, the need for regulations within digital assets, though contrary to crypto’s goals, still requires the involvement of political and
October was anticipated to ignite a bull run in the crypto market. However, crypto assets have continued to defy bullish forecasts and deepen their bearish trajectory. The market has witnessed declining prices and sell pressure, leaving investors anxious. Notably, the meme coin Dogecoin (DOGE) has recently attracted the crypto market
This week marked a significant development in the cryptocurrency market, as Bitcoin (BTC) rallied by 10.48%, reaching a weekly high of $69,000. With BTC now within striking distance of the crucial $70,000 psychological level, market participants are optimistic about its near-term trajectory, particularly as no major macroeconomic data is expected
Bitcoin (BTC) has experienced a remarkable rally over the past week, surging 9% and reaching a three-month high of $69,000. Currently trading at $68,330.37, the cryptocurrency is seeing a modest increase of 0.36%, despite a 13% decline in trading volume. This fluctuation has sparked fresh speculation among market participants regarding
Binance, the world’s largest cryptocurrency exchange, has reached a significant milestone, with its cumulative spot and derivatives trading volume surpassing $100 trillion, according to data from CCData. OKX follows in second place with $24.9 trillion, while Bybit and Bitget rank third and fourth with $13.2 trillion and $10.9 trillion, respectively.
