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Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out
[Aug 13, 2024 7:20 PM] On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin…
SUI and ZETA Lead the Week’s Crypto Gains, Monero Dips Slightly
[Aug 12, 2024 4:50 PM] Despite the recent dip in the crypto market, several digital currencies have experienced solid growth over the past week. Leading the pack, SUI saw a 95.6% increase against the U.S. dollar, with ZETA following closely, jumping 71.9% this week…
Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations
[Aug 11, 2024 10:05 PM] On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course…
2024 Crypto Rollercoaster: BOME Soars 11,931% as W Slides 84%
[Aug 11, 2024 3:05 PM] It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively…
Solana Gains Ground on Ethereum and Bitcoin in 2024
QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles
[Aug 10, 2024 1:20 PM] QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising…
NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks
[Aug 10, 2024 12:30 PM] Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping…
Cryptoquant Insights Warn: Bitcoin’s MVRV Ratio Signals Bearish Turn
[Aug 9, 2024 4:40 PM] The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment…
Bitcoin Breaks Past the $60K Threshold, Jumps 26% in 3 Days
[Aug 9, 2024 2:09 AM] On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an…
Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge
Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders
[Aug 8, 2024 4:44 PM] The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million…
TON Climbs 10% Ahead of Binance Listing
[Aug 8, 2024 2:30 PM] The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range…
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
[Aug 7, 2024 9:18 PM] On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per…
Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report
[Aug 7, 2024 2:30 PM] The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this…
Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback
[Aug 5, 2024 6:15 PM] Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars…
Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall
[Aug 5, 2024 3:05 PM] Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with…
Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives
[Aug 5, 2024 1:18 PM] As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million…
QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes
[Aug 3, 2024 4:20 PM] QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market…
Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report
[Aug 3, 2024 12:23 AM] Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on the horizon. All five major U.S. stock market indices saw notable declines on Friday, and the…
Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity
[Jul 30, 2024 5:14 PM] The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano…
Crypto’s Top Gainers: Ecash and Bitcoin Cash Show Strong Weekly Rises
[Jul 29, 2024 2:23 PM] Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week…
Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports
[Jul 28, 2024 8:05 AM] Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments…
Bitcoin Peaks at $67,991 Ahead of Trump’s Bitcoin Conference Appearance
[Jul 26, 2024 9:25 AM] Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million…
Weekly Crypto Market Roundup: Top Gainers and Losers Revealed
[Jul 22, 2024 9:15 AM] On Monday, the price of bitcoin (BTC) increased by 6.8% over the past week, while ethereum (ETH) saw a 3.3% rise against the U.S. dollar during the same period. The top performers this week were the two meme coins MEW and WIF, which gained 129.3%…
Solana-Based Kamala Token Soars as Biden-Linked Meme Coins Tumble After Race Withdrawal
[Jul 21, 2024 7:24 PM] On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the…
Bitcoin’s Flash Crash Below $66K and Rebound Above $68K Following Biden’s Election Decision
[Jul 21, 2024 3:14 PM] On Sunday at 4:30 p.m. EDT, bitcoin (BTC) is trading between $67,968 to $68,108 per unit, following a flash dip to $65,833 per coin after U.S. President Joe Biden announced his withdrawal from the 2024 election. The volatility on July 21 led to the…
Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements
[Jul 18, 2024 10:30 AM] The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded…
Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom
[Jul 18, 2024 9:30 AM] Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to…
Market Trends Favor Ethereum as ETF Launch Nears, Finds Bybit and Block Scholes Study
[Jul 15, 2024 3:26 PM] A recent report from Bybit and Block Scholes reveals shifting investor sentiment in the crypto derivatives market, favoring ethereum over bitcoin. This insight, derived from analysis of market trends across various trading formats, highlights an…