Currently, with the sudden cryptocurrency market turbulence, bears have taken control of the exhausted bulls.
In one intra-day of trading, the entire cryptocurrency market capitalization of all 1,600+ coins ($270Bn USD) has lost roughly $25Bn in value.
Also Read: Bitcoin Cash Fans Celebrate Independence Day One Year Later
Digital Asset Prices Turn Bearish as the Entire Cryptocurrency Economy Loses $25 Billion USD
Bearish sentiment is starting to haunt cryptocurrency markets once again as many digital assets saw prices tumble today.
A large portion of other cryptocurrency markets followed suit with BTC as the top ten virtual currencies are seeing losses across the board of course except for tether (USDT).
This week the current market sentiment, and our price verdict, point to far more skepticism and shade towards bullish prices returning soon.
Experienced retail traders and long-term investors in the cryptocurrency market understand the driving force in a speculative market algorithm fueled by people and not capital. Decisions and investment plans to buy large amounts of cryptocurrency assets are carried out by individuals with top information and a better idea of the price performance of such assets.
The cryptocurrency market is experiencing dips today, with major digital assets showing declines. Bitcoin, the leading cryptocurrency, dropped by 3%, while Ethereum and Solana saw even steeper falls of 4% and 5% respectively.
Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations in the past day after the crash the altcoins have seen. Altcoin Longs Witness Squeeze, Ethereum Leads In Liquidations The past day has been a volatile time for the cryptocurrency market, with the majority of the altcoins suffering from drops of more […]
The cryptocurrency market is laden with opportunities with over $2. 4T worth of cryptocurrency in circulation. This has attracted an influx of budding and established traders to the market, with hopes of cashing in on the next big opportunity.
Recent market movements have sparked discussions within the cryptocurrency community, with many suggesting that the bull market has come to an end following Bitcoin’s 16% drop from its all-time high of $73.
Despite the recent setbacks experienced by prominent blockchain projects, a new sense of confidence has emerged in the cryptocurrency market. This excitement, according to market observers, is due to a new cryptocurrency’s meteoric rise.
The influx of money into the cryptocurrency market has been remarkable, especially with the surge in derivatives speculation over the past few months. The market caps of various cryptocurrencies have experienced significant growth, with Bitcoin leading the charge by crossing over $10 billion in open interest for the first time […]
Bitcoin’s recent impressive performance has been the driving force behind the significant rise in the cryptocurrency market, leaving investors reaping profits as digital currencies experience a sharp increase in value.
US deficits keep rising despite the economy growing US Treasury returns dropped for the past three years in a row A weakening dollar might cause cryptocurrencies’ next step higher In previous articles published here, I’ve argued that the next move in the cryptocurrency market will likely be driven by the US dollar rather than crypto-related […]
The post Falling US Treasury returns might help the cryptocurrency market appeared first on CoinJournal.
The cryptocurrency market has experienced a significant pullback over the past week after Bitcoin collapsed beneath $26,000. The sudden fall in Bitcoin caused the entire cryptocurrency market to sink as heavyweight giants like Ethereum, Ripple, Binance Coin, and Cardano followed its downside trajectory.
Cryptocurrency investors must exercise caution and discretion when navigating the volatile market. Several circumstances warrant refraining from making investments. First, sudden regulatory changes or governmental bans on cryptocurrencies can have a detrimental impact on the market.
Taking a closer look at the overall cryptocurrency market, we can observe recent trends and movements in various cryptocurrencies. The cryptocurrency market experienced net outflows of $2. 6 billion in the last 24 hours, resulting in a slight decrease in the total market capitalization.
Bitcoin moves the cryptocurrency market Its dependency on the US dollar increased Bitcoin holders better believe that the US dollar is in a bearish market Investing in the cryptocurrency market is not for everyone.
Bitcoin makes up about 48% of the total cryptocurrency market capitalization The share rises to 75% if we include Ethereum and Tether Other cryptocurrencies’ share declined despite the latest cryptocurrency market rally The cryptocurrency market bounced in 2023 and rallied right from the start of the trading year.
As of March 13, the cryptocurrency market has bounced back and is up 6.4% in the last 24 hours, reaching a total market cap of $1.01 trillion. Cryptocurrency investors have been on a wild ride over the past week amid…
The cryptocurrency market continues to show signs of improvement. Bitcoin, the number one cryptocurrency, has continued its price upswing as its breaks above its 200-day moving average. In addition, the market generally has recovered, as crypto enthusiasts believe the crypto winter is close to its end.
Changpeng Zhao discussed various cryptocurrency issues, including regulation and the ongoing bear market. The cryptocurrency space has been in a bear market for the last 12 months, with prices of most coins down by more than 70% from their all-time highs.
The Cryptocurrency Market is gaining widespread adoption, with many top global institutions and even countries trying to have a piece of the pie. Bitcoin, the chief cryptocurrency as per market capitalization, has been sought after by notable investors who have described it to be a hedge against inflation.
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the fall of the British pound and its impact on the cryptocurrency market.
The meme cryptocurrency niche is one of the most widely grown spaces, with a total market capitalization of $16,991,653,627 and a total trading volume of around $1,966,297,277. Some prominent name in the space includes Dogecoin, Shiba, and Floki Inu.
In the wake of the ongoing carnage in the cryptocurrency market, most cryptos have seen their prices fall to half or less. It is a paradox of the cryptocurrency market that bearish cycles are periods of innovation and that only the most resilient tokens advance.
The cryptocurrency market has gained significantly over the past few days, and the global cryptocurrency market cap is now at $2. 2 trillion. The positive performance has created a bullish trend for most altcoins.
The cryptocurrency market has gained substantially over the past few days. The global cryptocurrency market cap now stands at $2. 1 trillion. THORChain (RUNE/USD) has had notable gains over the past month, and it has outperformed most of the market.
The cryptocurrency market has made a notable gain during the past 24 hours. The global cryptocurrency market cap has increased by 6. 2% during the past 24 hours, and Bitcoin (BTC/USD) has gone back to trading above $40K.
Ethereum dominance has been on the up in the last couple of years. The cryptocurrency which is only about half as old as its predecessor bitcoin has managed to steal the largest market share from the pioneer cryptocurrency, making it the second most valuable digital asset in the market.
The cryptocurrency market has failed to make any bold recovery despite several attempts. Earlier last week, the cryptocurrency market crossed the $2 trillion mark, but after a few days, the trend reversed, and the market is back to around $1.
The cryptocurrency market is currently on a path towards a strong recovery. Bitcoin has gained by around 14% in 24 hours to reach $43K. The global cryptocurrency market cap has gained by 11. 7% to reach $2 trillion.
The cryptocurrency market is starting Monday on a slight uptrend, with the global cryptocurrency market cap gaining by around 2. 5% during the past 24 hours. While most coins have not made major gains, Quant (QNT/USD) is defying the odds with a double-digit uptrend during the past 24 hours.
A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.
In yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic financial laws’ enforcement, will implement the new rule when adopted.
The U. S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force.
The United States tax agency has confirmed that currencies collected within video games are not subject to the same tax obligations as cryptocurrency assets. The IRS previously suggested to players of Fortnite and other popular games that their use of in-game currency may be deemed taxable events.
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law.
