Crypto Market

The crypto market is currently in one of its biggest meltdowns in history. Bitcoin lost more than half of its value after hitting an all-time high of around $63,000 in May 2021. Its price slump has further been compounded by China's continued FUD leading to market uncertainty and scaring away investors. The ripple effect of the Bitcoin price plunge has been felt across the cryptocurrency market. Major altcoins including Ethereum, BNB, DOGE, ADA all lost between 7 to 22% of…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,304 trillion. Bitcoin is down by more than 6% but still trades above $30,000 Ethereum has decreased by over 7% over the past seven days to trade below $2,000. XRP records a 6% value loss over the week. Dogecoin, Polkadot, and Cardano have registered significant value drops in the past week. The DeFi sector…

Bitcoin failed to gain momentum over the past 24 hours and dropped almost below $31K as the broader crypto market struggled to rebound. According to a tweet from respected trader Byzantine General, retail investors are cashing in on the decline by consistently short squeezing the flagship cryptocurrency. This trend might spark some panic selling in the market, pushing prices closer to the much-awaited bitcoin bottom. Responding to Byzantine general’s outlook on the bitcoin market, one Twitter user wrote: “Chances of…

The bulls and bears are embroiled in an ongoing fight for domination of the cryptocurrency market. At the start of the week, top digital assets such as ETH and LTC attempted to make headwinds in what seemed like a bitcoin-led upswing. Instead, however, the crypto space mirrored the persistent weak trend in the traditional markets and shed nearly 7% off its combined market capitalization on July 8. Bitcoin fell 6% on the day as major global equity indices crashed, while…

The crypto market had a rocky time this week that saw most top crypto assets shed significant gains. For instance, BTC briefly plunged to a low of $28,600 on Tuesday, erasing almost all the gains it has accumulated this year. However, at its current price of $31,200, bitcoin is still up approximately 14% from this year's low of $27,730. Ethereum is facing strong resistance near $1,850 and has struggled all week to clear that level. On Friday, the world's second-largest…

The crypto market is currently in one of its biggest meltdowns in history, with Bitcoin losing more than half of its value after hitting an all-time high of around $63,000 in May 2021. Bitcoin's price slump has further been compounded by China's continued FUD leading to market uncertainty and scaring away investors. The ripple effect of the Bitcoin price plunge has been felt across the cryptocurrency market, with major altcoins including Ethereum, BNB, DOGE, ADA all losing between 7 to…

Elon Musk has once again moved the crypto market after shilling another cryptocurrency on Twitter. This time around, the SpaceX CEO caused the price of adult-themed cryptocurrency CumRocket (CUMMIES) to shoot up 350% in just 10 minutes. On June 5, the celebrity investor tweeted a series of emojis that appeared to reference CumRocket going to the moon. Musk first wrote, “Canada, USA, Mexico,” which some on crypto Twitter somehow interpreted as hinting at the phrase “CUM” based on the first…

One year into the pandemic, the crypto market appears to have boomed. When the pandemic occurred, Bitcoin – the world's first cryptocurrency – could be bought for about $7,300. A couple of days back, the token cost over 55 000 dollars, a 653% increase, with similar surges in other leading cryptocurrencies (e.g., Ether).  During the pandemic, many things came together that helped Bitcoin and cryptocurrencies, in general, out quite a bit. First, the stock market volatility drove many people to buy…

The recent trend of big-money traders and institutions investing billions in cryptocurrencies has led to a sudden spike in their values. However, the mounting interest in crypto has sparked a major correction to take the steam off the hot market, with investors currently scrambling to close or top up their positions. According to David Lifchitz, CIO for trading firm ExoAlpha, the entire crypto space was likely to face intense turmoil due to the overheated market conditions. That retracement came on…