Crypto

The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows. However, as stock markets recovered, so did the cryptocurrency market. Japan’s stock market index rose by almost 11% in a significant boost to stock and crypto markets.  Markets suffered one of their worst selloffs in recent memory, reeling due to rising tensions in the Middle East and fears of a US recession.…

Bitcoin (BTC), Ethereum (ETH), and the broader crypto market have notably recovered following Monday’s market meltdown. After dipping to the $49,000 level on August 5, Bitcoin is now trading at $57,375. Similarly, Ethereum has regained its footing at $2,519 after plummeting to as low as $2,100 on the same day. Bullish Sentiments Persist Despite Macroeconomic Risks Data from Santiment revealed that the crowd played a massive part in crypto rebounding over the past 30 hours. Analysts attribute this rapid rebound…

The post Crypto Market Today: Is This Just a Correction or the Start of a Bear Market? appeared first on Coinpedia Fintech News Bitcoin’s Price recovered over 13% to $49,557 after a big slump. The Crypto Fear and Greed Index reached “Extreme Fear” for the first time in two years, and U.S. spot Bitcoin ETFs lost $168.4 million. The market sentiment indicator dropped to 17 out of 100 on August 5, its lowest since July 12. The Japan stock crash…

The post Crypto Market Successfully Reclaims $2 Trillion Mark, Bitcoin Hits $57K, Ethereum Surpasses $2.5K! appeared first on Coinpedia Fintech News The cryptocurrency market has made a bullish recovery by adding approximately 2% in valuation within the past 24 hours. This resulted in it surpassing the market capitalization of $2 Trillion. Moreover, the market leader, Bitcoin price has recorded a jump of 2.56% with a trading volume of $47.848 Billion, a change of -49.53%. On the other hand, the ETH…

In the aftermath of a tumultuous week that saw Bitcoin (BTC) plummet to a seven-month low of $49,000 on Monday, global financial markets were rattled by a significant downturn, sparking concerns across stock exchanges and the crypto sphere.  However, amid the chaos, Bitwise’s Chief Investment Officer Matt Hougan analyzed the drivers behind the recent market meltdown. He explained why he believes traders’ fears may be misplaced and that the market dip holds key opportunities for potential Bitcoin price appreciation. Crypto Crash…

The post Crypto Panic: Binance’s Decreasing SHIB Holdings Raise Red Flags! appeared first on Coinpedia Fintech News The crypto market is trying to recover from the recent decline. Amidst these hard times, the biggest crypto exchange Binance has released their proof of reserve report. The report shows a drop of 0.27% in Shiba Inu holdings.  This might look like a minor decline however, this has caused concerns among investors and meme coin enthusiasts. The Shiba army is definitely not happy…

Crypto wallet and payment platform Ka.app is celebrating the successful launch of its Visa-compatible crypto card—a.k.a. the Ka. Debit Card—by offering a lifetime VIP status to their first 10,000 card holders. The VIPs will enjoy a long list of exclusive benefits, such as access to VIP-only giveaways, cashback rewards, priority customer support, special referral bonuses, personalized loyalty rewards, a dedicated account manager, and service fee discounts, among many others. All it takes is to order a card on Ka.app, and…

The post Massive Crypto Heist: 3,996 ETH and 1.9M USDC Stolen and Returned from Ronin Network appeared first on Coinpedia Fintech News Year 2024 is getting very tough for the crypto ecosystem. The global market crash and the crypto hacks are affecting digital currencies. In the series of crypto hacks, Ronin Bridge faced a significant exploit, losing around $12 million worth of cryptocurrency. Such exploits highlight ongoing security challenges in the blockchain world. Details of Lost Funds Ronin Network, a…

After the market’s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.  Helium’s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market’s correction phase. Despite this, the platform has continued to innovate despite the lingering…