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The past seven days saw the cryptocurrency market decline considerably and lose around $60 billion of its total capitalization. This came on the back of a regulatory crackdown on behalf of the United States Securities and Exchange Commission toward cryptocurrency staking. It all started a couple of days back when a report suggested that the SEC is targeting the crypto exchange Kraken to allege that its staking offerings represented unregistered securities. The following day,...

The start of the year has been highly positive for bitcoin and the entire cryptocurrency market, with BTC exceeding $24,000 for the first time since August 2022. This came after a months-long bear market and untypical price stability at the end of last year when the asset stood helplessly below $17,000. Somewhat expectedly, though, the price increase has caught the attention of retail traders. Retail Investors Back at it 2022 turned out to be one of the worst years for...

Unlike some of the previous weekends since the start of the year, this one has been rather calm for bitcoin, which remains slightly above $23,000. Some altcoins, though, have performed more impressively, including OKB and a few memecoins. SHIB, BabyDoge Skyrocket CryptoPotato reported yesterday Shiba Inu’s massive daily increase of over 10%. However, the second-largest memecoin is well in the green once again on a daily scale. SHIB is up by another 7.5%, while its weekly...

Bitcoin was quite volatile after the US Federal Reserve announced the latest interest rate hike, which ultimately resulted in tapping a new 5-month high. Since then, though, the asset has calmed at around $23,000. Several altcoins have outperformed it in the past 24 hours, including Shiba Inu, which has soared by double digits. Bitcoin Drops Back Down to $23K Despite losing some ground at the end of January, BTC still closed it well in the green, posting its best month since...

The past seven days saw the total cryptocurrency market capitalization increase by around $35 billion, and the industry continues to recover from the multitude of bankruptcies in 2022. Some argue that the pace of the recovery is slowing down and that this might be the cause for another bearish reversal. Others are making a bullish case because they expect the US Federal Reserve to pivot in its monetary policy and to slow down in increasing interest rates. This is supported by...

Lebanon is adopting a new official exchange rate, devaluing its local currency by nearly 90%. The new rate is set at 15,000 Lebanese pounds against the U.S. dollar, according to a January 31 report, which cited a statement from the country’s central bank governor, Riad Salameh. This marks a significant shift from the old rate of 1,507 Lebanese pounds per dollar. The official Lebanese currency has been pegged to the dollar at that rate since 1997. Salameh stated that...

Despite failing to overcome $23,500 once again in the past 24 hours, BTC is still slightly in the green today and stands above $23,000. The altcoins are quite calm today, as only Litecoin stands out as a notable gainer. Bitcoin Firm Above $23K The start of last weekend saw bitcoin’s price surge from $21,000 to and beyond $23,000. Somewhat expectedly, reaching the latter meant tapping a multi-month high since BTC was stuck around $17,000 for months. The cryptocurrency spent...

Less than a month into the new year, the market is already showing sustainable signs of recovery, and the “creative destruction” that transpired could ultimately be a huge win not just for the consumer but also in terms of regulatory protections and rapid innovation, as well as lowered cost structures. Despite the many ups and downs, crypto has become a serious player in the world economy. Investors are still pouring their portfolios into the asset class. According to OKX’s...

Bitcoin initiated another leg up late on Friday and tapped $23,500 but was stopped in its tracks and has returned to familiar ground. Most altcoins have charted more impressive gains, led by Avalanche, MATIC, OKB, Dogecoin, and others. Bitcoin Back Down to $23K It was last week when the primary cryptocurrency skyrocketed from $21,000 to a multi-month high above $23,000. This solidified the asset’s positive start to the new year, in which it has already shot up by roughly...

The market sentiment continues to improve as cryptocurrencies see another week of trading in the green. The market added around $70 billion to its total capitalization, while the overall sentiment is at a 10-month high. It’s interesting to note that Bitcoin’s dominance continues to increase. This means it fared better than altcoins in terms of price performance. The leading cryptocurrency managed to add around 9% and is now battling for the important level at $23,000. A...