Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Decline
Crypto Outflows Reach New Record High, Will The Bitcoin Decline Continue?
Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records. In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation. According to data from CoinShares, investors pulled out $942 million from crypto investment products last week to wipe $10 billion off total assets under management (AuM). Interestingly,…
1 year ago
Anticipating Dogecoin’s Surge in the Wake of Bitcoin’s Decline
In recent events, Bitcoin experienced a considerable dip in its price. This crash, however, may apparently be the worst of its kind. But as enthusiasts of the cryptocurrency industry scratch their heads, eyes are now turning towards Dogecoin's anticipated surge. As Bitcoin stumbles, it's a pertinent moment to explore Dogecoin's potential ascendancy in depth. This unfolding scenario underlines the importance of understanding these unpredictable market dynamics. BlastUP Presale: The 1st Launchpad in the Blast Ecosystem is Live! BlastUP is a…
1 year ago
Bitcoin’s Freefall Sees BitMEX Take a Massive Tumble
Bitcoin's continued decline is sending ripples through the crypto market. Yesterday, the coin registered its largest single-day crash in over ten months. The trading frenzy that ensued resulted in the crushing of BitMEX, the most profitable crypto-derivatives exchange. BTC shed nearly 50% of its value to close at about $3,800, a decline that proved too much for the exchange's handling. Skew markets reports that BitMEX experienced liquidations of up to $863 million. Additionally, the platform saw the liquidation of…
5 years ago
ETH Fails to Move Past Set Barrier Opening a Path for More Plunges
Recent price movements of ETH shows a possibility of further drops. For instance, just yesterday, the coin could not cross the block at $235 and instead plunged by 15%. Just below the $215 support, there was a slight break at the 100 hourly SMA. There were further price plunges below the $200 mark. Further, ETH's price dropped to set the lowest monthly price at $196 and started experiencing losses. The $205 barrier was formed on the price, and there will…
5 years ago