Market

The Korean crypto markets have recently experienced a surge in trade volume, reaching heights not seen in over two years. According to a report from Kaiko, the first quarter of 2024 marked an important milestone as the South Korean Won (KRW) surpassed the U.S. Dollar (USD) in terms of cumulative trade volume. Competition and Shifting Dynamics This surge in trading activity comes amid fierce competition among Korean exchanges and shifting market dynamics. Upbit, a major player in the South Korean…

In a recent tweet, well-known crypto analyst Rekt Capital delved into the potential timeline for the next Bitcoin market peak, emphasizing the Halving cycle’s significant impact on building BTC’s market path. As the Bitcoin Halving is set to occur between today and tomorrow, April 20, Bitcoin has shown less significant market movement. At the time of writing, the asset has a market price of $64,578. Analyst: ‘When Could Bitcoin Peak In This Bull Market?’ According to Rekt Capital’s analysis, Bitcoin…

Recently, the crypto market fluctuations have seen most cryptocurrencies exhibit red numbers. While many remain unfazed by the market dynamics, some sectors of the crypto community have turned more pessimistic, and their bags are seemingly going down instead of up. Despite this, some projects have shown a remarkable performance this week. Among the top gainers today, privacy protocol Railgun has skyrocketed 53% in the last 24 hours after a week of support from crucial figures in the crypto industry. Vitalik…

The alternative coin sector is on the verge of a significant upward momentum, according to a celebrated analyst. This surge is backed by distinct market patterns and promising leaders poised to outperform others. This analysis dives into the details of these patterns and the coins set to make a mark in the booming market. Enthusiasts and investors alike will find this comprehensive breakdown invaluable for navigating the upcoming surge in value. BlastUP Goes Viral, Raising $4.7 Million in a Few…

A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities fraud, commodities manipulation, and wire fraud. “Avraham Eisenberg executed a manipulative trading scheme on a cryptocurrency exchange, defrauding the exchange and its investors out of…

The post Bitcoin Halving Event Today: What to Expect from the Crypto Market This Weekend appeared first on Coinpedia Fintech News The highly anticipated fourth Bitcoin (BTC) fourth halving will happen over the weekend. The crypto market will continue to register heightened volatility amid the high-impact news. More cryptocurrency exchanges are positioning their services to reap more from the Bitcoin halving event.  For instance, BitMEX’s Bitcoin perpetual swap now offers 250x leverage up from 100x a few days ago. As…

Bitcoin’s price has been heavily impacted by the developments on the Israel-Iran front, as the asset plummeted below $60,000 last night before it soared to $65,000 after the latter reportedly said there would be no retaliation soon. The altcoins experienced a similar roller-coaster, but most of them are currently in the green on a daily scale. BTC’s Dump and Pump It was a week ago when Bitcoin suddenly dumped from over $70,000 to $65,000 after the US Fed’s comments about…

The post Bitcoin ETFs See $55M Outflow: Market Correction or Sign of Trouble? appeared first on Coinpedia Fintech News On April 12, the cryptocurrency market witnessed Bitcoin ETFs experience massive net outflows totaling $55.1 million. It has sparked market discussions and analysis within the crypto community, making everyone question if these sudden outflows are due to the upcoming Bitcoin halving. Eric Balchunas has provided valuable insights into these developments. Let’s understand how the ETF flows amidst market volatility. Bitcoin ETFs…

In the days leading up to the Bitcoin halving, the cryptocurrency market has experienced a significant downturn, raising concerns about a potential bear market. Bitcoin saw a notable 19% price drop, while altcoins faced even steeper declines, with some plummeting by as much as 70%. This trend has sparked a debate among investors about the immediate future of cryptocurrencies as the halving approaches. Bitcoin and Altcoins Nosedive Before the Halving Historically, the Bitcoin halving — a scheduled reduction in the…