Market

The post When Will the Crypto Market Rise Again? appeared first on Coinpedia Fintech News The ongoing repayments to Mt. Gox creditors are exacerbating the current wave of crypto pessimism, driven by increased selling pressure from Bitcoin (BTC) miners and whales. According to on-chain data from Glassnode, over 21,000 Bitcoins, valued at more than $1.2 billion, were transferred to cryptocurrency exchanges last week. On-chain data reveals that several Bitcoin and Ethereum (ETH) whales, who had collateralized loans on various decentralized…

Justin Sun has offered to purchase the German government's $2.3 billion Bitcoin holdings off-market to prevent potential negative impacts on the cryptocurrency's price. Sun's Proposal Tron founder Justin Sun is again playing savior with his offer to purchase the German government's Bitcoin holdings, valued at over $2.3 billion. Sun made this announcement via a tweet on July 4, expressing his interest in buying Bitcoin (BTC) off-market to avoid significantly impacting the cryptocurrency's price. In his tweet to his 3.5 million…

The US Bureau of Labor Statistics reported Friday that employers added 206,000 jobs in June. The unemployment rate rose slightly to 4.1%, above the estimated 4.0%, while average hourly earnings remained at 0.3% monthly. Although this suggests that the US job market continues to experience healthy growth, there has been a muted response in crypto markets. New Jobs Created Beats Analysts Estimate According to the Bureau of Labor Statistics, the US economy added 206,000 jobs in June. While this represented…

The post Crypto Traders Lose $600M in 24 Hours With Bitcoin Dragging Crypto Market Down appeared first on Coinpedia Fintech News The Bitcoin crash recently has dragged the entire crypto market down, with over $300 billion erased from the total capitalization since July 3. In the last 24 hours, over 230,000 crypto traders lost more than $660 million in long-squeeze liquidations. The long squeeze affected 233,088 traders, and Binance‘s ETH/USDT pair had the largest order, with $18.48 million. Bitcoin liquidated…

The post DeFi Token Makes History With Green Candles In Red Market, Why Is It Performing Better Than MATIC & Litecoin? appeared first on Coinpedia Fintech News After many tries, the crypto market has failed to change the trend upwards. Bitcoin broke the support level and is trading at $58,917 at the time of writing. Polygon (MATIC) broke the ascending trendline, acting as a major support, and Litecoin (LTC) is trading at the major support of $70. Amid this further…

The post Bill Morgan Buys XRP At $0.40 Amid Broader Market Crash appeared first on Coinpedia Fintech News XRP plummeted by 11% today as it dipped below the $0.40 mark. While the decline has triggered concerns across the digital asset sector, which is already under a broader market crash, the pro-XEP lawyer, Bill Morgan is optimistic as he seizes the downturn as a buying opportunity. He recently shared on X that he has purchased more XRP at just over $0.40…

The post Mt. Gox Moves 47,229 Bitcoin: Will the Crypto Market Face a Massive Sell-Off? appeared first on Coinpedia Fintech News Mt. Gox transfers $2.7B worth of $BTC to a new wallet! The move, involving 47,229 $BTC, is part of preparations for creditor repayments, with test transactions to ensure a smooth process. Analysts speculate on market impacts. Bitcoin’s price temporarily fell below $58,000 as the double whammy of the German government wallet selling and the starting of repayments from Mt…

Amidst market-wide turbulence, PEPE has seen over 1.28 trillion shuffled on Binance as investors race to accumulate tokens. PEPE has become the third-largest meme coin in the industry after reaching an all-time high earlier this year. The cryptocurrency market has witnessed a turbulent couple of days led by Bitcoin, but with altcoins taking the biggest hit. Large-cap meme coins have taken the biggest hit, including Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE coin. A majority of transactions have taken place…

The crypto market is in a state of panic with a market-wide crash that has shaken Bitcoin and altcoins. With the Bitcoin price continuing to fall from support after support, tens of thousands of traders have lost their positions, leading to hundreds of millions of dollars in losses in just the last day alone. Crypto Market Liquidations Cross $290 Million In the last 24 hours, the Bitcoin price has been crashing, eventually falling below $57,000 before recovering again. However, the…