After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem.CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed in a matter of minutes after Tesla’s CEO Elon Musk updated his Twitter profile to include only...
Read More »Crypto Market Cap Tops $1T as Bitcoin Price Touched $38K Following Elon Musk’s Engagement
The cryptocurrency market capitalization has exploded above $1 trillion as Bitcoin surged to $38,000 following a recent pro-BTC action taken by Tesla’s Elon Musk.The alternative coins joined the ride as well, including Ethereum touching $1,400 and XRP surging above $0.28.Bitcoin Touches $38K Following Musk’s EngagementCryptoPotato reported earlier that the primary cryptocurrency was struggling with maintaining its price above $32,000. While the bears were looming in, a compelling development...
Read More »Dogecoin Spikes 120%: If History Repeats, This Might be Very Positive for All Altcoins
If history is any indicator, the recent spike of Dogecoin might be a perfect sign for all remaining altcoins, following the recent spike of the meme coin, which started as a joke as one of the first cryptocurrencies besides Bitcoin.DOGE Surges 120%Despite not being so high up the market cap ladder, DOGE is undoubtedly one of the most popular cryptocurrencies. It is frequently mentioned by one of the most influential businessmen on the planet, Elon Musk. He even jokingly in his Twitter handle...
Read More »Merry Christmas: Ripple Rebounds 30% As Bitcoin Eyes $24K (Market Watch)
Following yesterday’s massacre, the cryptocurrency market has begun its Christmas recovery session. Bitcoin is getting towards $24,000, currently trading less than $500 from a new all-time high, while most altcoins have bounced off hard with impressive double-digit increases.Bitcoin Eyes $24,000The primary cryptocurrency went on a roller-coaster in the past few days with several notable price moves resulting in a new all-time high and a subsequent $2,000 drop.This price action had repeated...
Read More »Market Watch: The Altcoins Christmas Bloodbath – $40 Billion Evaporated
Bitcoin’s recent rollercoaster continued in the past 24 hours with another $1,000 move before settling around $23,000. However, BTC’s dominance has spiked as the entire altcoin market has bled out, led by Ripple’s continuous drops.Bitcoin’s 24H Wild RideThe past several days have been particularly volatile for the primary cryptocurrency. Just a few days ago, BTC skyrocketed to a new all-time high of $24,300 before getting rejected and dumping by more than $2,000.Bitcoin recovered most losses...
Read More »$80 Billion Wiped Off Total Market Cap as Cryptocurrencies Get Massacred
The cryptocurrency market experienced a massive nosedive today. $80 billion from the total capitalization were evaporated as Bitcoin plummeted below $17,000, while the altcoins had it even worse with notable double-digit price drops.The Red Sea Among The AltcoinsThe alternative coins enjoyed the past few weeks with some remarkable increases. This led to yearly records for many altcoins, including Ethereum reaching $620 and Ripple at nearly $0.90.However, the situation changed suddenly in the...
Read More »Messari: DeFi is Smaller Than Some Worthless Cryptos
Messari crypto researcher, Ryan Watkins, has recently delved into the market values of the decentralized finance sector, comparing it to some of the other players in the crypto industry. He concluded that DeFi is still a minnow despite its massive growth in popularity this year.The entirety of what we call DeFi is worth less than both XRP and Bitcoin Cash alone.Despite its rerating over the past couple months, DeFi is still extremely small in perspective.1/ pic.twitter.com/rd4LZbDeu6— Ryan...
Read More »Elon Musk Pumps Dogecoin, BTC Remains Asleep: Saturday Market Watch
Although the Twitter hack had some delayed effects on Bitcoin, the downward move was quickly disbanded, and BTC remained relatively calm.The altcoin market is again showing signs of volatility with numerous examples of double-digit gainers and losers, including Elon Musk’s favorite Dogecoin.Bitcoin Chills On FridayThe largest cryptocurrency by market cap has been stalled in a tight range from $9,000 to $9,300 for over a week now. The events that transpired a few days ago, namely the infamous...
Read More »Even Twitter Hack Can’t Move BTC Away From $9200, XTZ and LINK Surge (Price Watch)
Although Bitcoin received massive attention yesterday while hackers exploited almost every world leader’s Twitter accounts, the asset price refuses to move outside of its comfort zone of approximately $9,200. The altcoin market, though, remains volatile – Chainlink reached a new all-time high yesterday, Tezos next?Twitter Hack Can’t Shake BitcoinAll eyes were on the popular social media platform Twitter yesterday’s night UTC. An unknown to this moment, the hackers gained access to the most...
Read More »DeFi On Top: Ampleforth (AMPL) 30% and Aave (LEND) Lead Today’s Altcoin Boom as Bitcoin Stagnates
The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low.Altcoins And DeFi On The RiseThe altcoin market indicates several impressive gainers throughout the past 24 hours. Above all now stands Ampleforth (AMPL), with a significant increase of over 30% to $4.This surge comes merely weeks after the company announced the...
Read More »