Crypto

The crypto market’s correlation with key macroeconomic events has returned after dissipating for most of 2023. With the influence back on, crypto market participants must brace for volatility with key releases lined up this week. In a sentiment-driven market, getting ahead of market-moving economic data releases is critical for traders and investors looking to revise their trading strategies. What Could Cause Market Volatility This Week Four events will be of interest to crypto market players this week. They include: US…

The post Blood-Shed in Satoshi’s Street: Crypto Market Tearing Apart as Global Markets Crash! What Went Wrong? appeared first on Coinpedia Fintech News The crypto market is down today! The star token Bitcoin, has faced severe selling off, not seen in the past few months. The drop of over 18% since the start of the month suggests the crypto winters have advanced pretty well, which has shaken up the entire crypto space. Many reasons have emerged which has fueled the…

The post Weekly Crypto Hack Report: From Convergence Finance to Terra’s $5M Loss appeared first on Coinpedia Fintech News Dark days for the crypto community as major hacks have unveiled numerous weaknesses in various broad venues. The exploits have not only been costing pretty tangible financial repercussions but have also caused trust deficits in these platforms. Tune in with us as we work and bring them out for you in our week’s hack report! Convergence Finance Breach Convergence Finance was…

The post Crypto Bloodbath: Why Is Crypto Crashing Right Now? appeared first on Coinpedia Fintech News In his X Post, Michaël van de Poppe, a renowned crypto expert and trader, shares his concerns about the current state of the crypto market and outlines what needs to happen to change the momentum. He highlighted a significant capitulation phase, a term used to describe a heavy correction with double-digit losses over a short period. Ethereum dropped to a six-month low, Bitcoin fell…

The post Crypto Carnage: Bitcoin Crashes Below $54K, Ethereum Plummets 30% In Last 7 Days! appeared first on Coinpedia Fintech News The crypto market’s turbulence has intensified, with Bitcoin plummeting to $54,000, marking a 7.31% intraday drop and a 17% decline over four days. This sharp descent has pushed BTC below its 200-day EMA, with a downtick in the 50-day EMA signaling a looming death cross. Ethereum has also faced significant losses, falling to $2,350, a 30% decrease in seven…

The post This New Crypto Token Relieves Dogecoin’s 10 Years Journey: Here’s How appeared first on Coinpedia Fintech News The Doge2014 token looks back a decade since Dogecoin’s launch by offering a glimpse of the past for meme coin traders. Its starting price gives a nod to the meme coin’s beginnings, clocking in at just a fraction of a cent – about $0.000282 to be precise.  This approach is set to ignite the camaraderie that characterized the early Dogecoin crowd.…

During early Asia trading time, the crypto market experienced a drastic decline. According to CoinGecko, the total crypto market capitalization has dropped by 12.5%, now standing at approximately $1.97 trillion. This marks the first time since mid-February that the market cap has fallen below the $2 trillion mark. Fed’s Rate Stance Spurs Speculation on Emergency Cuts Amid Market Jitters Bitcoin, the largest cryptocurrency by market capitalization, saw its price drop below the $60,000 mark, now trading at $53,399. This figure…

Bitcoin can’t seem to leave the $60,000 price level as it continues to trade in uncertainty. On Saturday, August 3, the cryptocurrency experienced another sharp decline, briefly dipping below the $60,000 mark. Although this drop lasted only a few minutes, it was quite significant, especially given that Bitcoin had traded above $62,000 earlier the same day. This fluctuation has notably impacted market participants, leading to the liquidation of numerous long positions. At the time of writing, over $197 million worth…

BitClout founder Nader Al-Naji faces SEC and DoJ charges for wire fraud and securities violations, Compound Finance is embroiled in a $24 million governance attack controversy, and the US government moved $2 billion worth of Bitcoin, causing a 4% drop in its value. Let’s find out more Bitcoin Only two days after presidential hopeful Donald Trump said at the Bitcoin 2024 conference that he would not move the US Silk Road $BTC, the government did just that, transferring $2 billion…