Market

The post Will The Crypto Market Recover As Bitcoin Hits $50K? Or More Crash On Horizon? appeared first on Coinpedia Fintech News The Bank of Japan’s rate hikes led to a global market sell-off by affecting the profits of carry-forward traders. With the increased rates of overborrowing, investors closed their existing positions in risky instruments to pay off their debts. Amidst such volatility, Bitcoin and altcoins take a massive hit as the crypto market flow is highly dependent on international…

The post Emergency Fed Rate Cut: What It Means for Bitcoin and the Global Crypto Market appeared first on Coinpedia Fintech News In response to a severe global crypto market crash, the U.S. Federal Reserve (Fed) has called an emergency meeting today. This decision comes as Japanese markets face a substantial collapse, with the Japanese yen plummeting by 13%, and other Asian markets, including Korea and Taiwan, seeing declines of nearly 10%. Bitcoin has also been hit hard, experiencing an…

The post Crypto Relief on the Horizon: Justin Sun Announces $1 Billion Fund Amid Market Crash appeared first on Coinpedia Fintech News Following the heavy crypto sell-off in the last 24 hours that resulted in the forced liquidation of more than $1 billion from leveraged traders, Justin Sun, the founder of the Tron (TRX) network, has announced a relief plan. In an X announcement, Sun announced that he has set aside $1 billion to ensure the continued growth and development…

MATIC bulls fumbled the bag after the market panic that turned the correction phase into a nosedive. The latest market data shows MATIC took a beating with a 33% wipe in value since last week. Hostile market environment and macroeconomic fears continue to plague the broader financial world. The crypto market was not spared. The whole market depreciated by almost 17% in the past 24 hours, marking a period of strong bearish pressure. Despite the overwhelming downward trajectory the market…

Bitcoin crashed spectacularly on Sunday, with the price of $BTC plummeting as far down as $49,300. The US economy is signalling a recession, and war is brewing - will Bitcoin be able to recover in such an environment? Sunday carnage The last eight days for Bitcoin have seen some torrid price action. Since spiking through the top of its bull flag on 29 July, the $BTC price has seen a nigh on 30% correction from top to bottom, corresponding to…

The sudden drop in the crypto market today has garnered significant attention. Bitcoin (BTC), the largest cryptocurrency by market capitalization, briefly dipped to $49,000 before stabilizing at $52,765. Ethereum (ETH) mirrored this volatility. CoinGecko data shows it briefly touched $2,100 before trading at $2,359. Investor Nerves Shaken as Crypto Volatility Surges These swift fluctuations led to extensive liquidations. According to Coinglass data, the liquidation amount in the last 24 hours has reached $1.06 billion, with $901.33 million from long positions…

Bitcoin mining difficulty continues to increase, reaching an all-time high in early August as crypto markets crashed. In the aftermath, the profitability of miners continues to suffer as BTC mining machines fall below their break-even point. Bitcoin Miners Capitulate as Mining Difficulty Soars Head of Research at Galaxy Alex Thorn recently highlighted the 24th biggest increase in Bitcoin mining difficulty since 2016. According to f2pool, at Bitcoin’s current price of $52,982, BTC mining difficulty is at a 90.67 hashrate. “Today,…

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…