Markets

What a week it’s been. Bitcoin’s price plunged by around 8% throughout the past seven days, which saw the total cryptocurrency market tumble. This comes amid times of considerable geopolitical woes as tension between Iran and Israel continues. Let’s dive in. Starting off with Bitcoin, it’s currently trading around the $65K mark, down about 8.3% compared to this time last week. But this doesn’t convey the full picture and does the massive volatility BTC went through very little justice. For…

Mango Markets Exploiter Avraham Avi Eisenberg has been convicted of fraud and manipulation charges related to the Mango Markets exploit by a federal court in Manhattan.  Mango Markets fell victim to a hack in October 2022 after the price of the platform’s native MNGO token was manipulated, leading to the loss of $110 million.  Mango Markets Hacker Convicted  Prosecutors stated that Avraham Eisenberg, a crypto trader, operated under a false identity and allegedly engaged in market manipulation to drive up…

The post Crypto Markets Will See More Downtrends in Q2-Q3 2024 : Here’s Why appeared first on Coinpedia Fintech News Bitcoin and crypto have typically seen average or downward trends in Q2 and Q3 in recent years. With the halving just one day away, mining Bitcoin will become more expensive, so miners might start selling their Bitcoin.  Elja in his X post presents an open view of the current state of the cryptocurrency market, highlighting five key factors that could…

The post Crypto vs SEC : What if the SEC Wins? The Potential Ripple Effects on Crypto Markets appeared first on Coinpedia Fintech News In The Wolf Den’s recent report, they tackle a critical question: what if the SEC wins against the cryptocurrency industry? While industry players often exude confidence in their resilience, this report urges a deeper consideration of the potential aftermath if the SEC Wins the regulatory war.  Let’s step in to know the consequences if the SEC…

Bitcoin recovered a lot of ground yesterday and spiked to $67,000, but the landscape has changed once again in a bearish manner, and the asset plummeted hard today. Most altcoins have followed suit with massive price declines, led by SOL, TON, BCH, and others. Bitcoin’s Struggles Continue It’s safe to say that the past few days haven’t gone exactly BTC’s way. The cryptocurrency stood above $70,000 on Friday morning but slumped hard later that day amid the Fed’s latest announcements…

The post Can Bitcoin and Bitcoin Cash Recover As Global Markets Crash? appeared first on Coinpedia Fintech News The bearish cloud is growing darker over the crypto and global markets due to the ongoing conflict in East Asia. With the tension rising in the global markets, the crypto industry has lost 15% of its total valuation in three weeks and stands at $2.224 Trillion, crashing Bitcoin under $63,000.  Amidst such a sell-off, the net inflow of the Bitcoin ETFs has…

Crypto markets have been battered over the past week but started to show signs of recovery during the Monday morning trading session in Asia. However, another busy economic calendar week lies ahead and political tensions in the Middle East have escalated so investors may seek flight to safe-haven assets. Markets will also focus on earnings, with this week’s releases spread between various economic sectors including banking and finance. Key Events This Week: 1. March Retail Sales data – Monday 2.…

In yet another eventful and painful evening trading on Saturday, Bitcoin’s price tumbled by another five grand to a multi-week low of around $61,000. The alternative coins were hit even harder, with numerous double-digit price declines. The main culprit for this crash was the rising tension between Iran and Israel. BTC’s Rollercoaster Continues It was just 48 hours ago when BTC’s price hovered calmly above $70,000, and it even challenged $71,000, but to no avail. Yet, the landscape changed for…

Bitcoin’s recent rally came to a halt in the past 24 hours or so, as the asset was pushed down to under $70,000 and even below $69,000. The altcoins are also in retreat today, with notable price declines from the likes of BCH, DOT, DOGE, ICP, RNDR, WIF, and APT. BTC Down to $69K Bitcoin experienced a massive price decline last week when it slumped to a multi-day low of $64,500. However, the bulls managed to intervene at this point…