Tag Archives: Market Updates

Bitcoin’s gradual price increase that lasted a few consecutive days came to an abrupt end on Friday after Bybit suffered a major hack, and BTC tumbled by over four grand in hours. The altcoins were also hit hard, and some of the biggest losers on a daily scale now include LTC, PEPE, AAVE, MNT, ONDO, APT, and TAO. BTC Stopped at $100K The primary cryptocurrency faced some enhanced volatility at the start of the business week as the bears drove it south on Monday to $95,300 and...

It was a relatively slow and quiet uneventful week for the cryptocurrency markets but Friday turned the tables around with some big news. But before we dive into the major developments that took place earlier today, let’s focus on the price movements over the past week. Recall that the largest digital asset spiked to $99,000 last Friday where it was met by the bears and was not allowed to progress toward the coveted six-digit territory. The weekend was quite sluggish as BTC...

After heading toward $100,000 yesterday, bitcoin’s price has taken another wrong turn as the asset has lost over three grand since then. The altcoins are also deep in the red, with massive daily price declines from the likes of SOL, DOGE, ADA, AVAX, LINK, SHIB, and many others. BTC’s Short-Term Recovery Although the business week started quite spectacularly for BTC, whose price skyrocketed from $101,000 to a new all-time high of over $108,000 by Tuesday, it actually turned...

Bitcoin’s price went to a new multi-week high of just under $103,000 but was stopped there and pushed south by around a grand. The altcoins have performed a lot worse on a 24-hour scale, resulting in a growing BTC dominance. BTC Dominance Increases Monday and Tuesday saw a few violent price rejections for the primary cryptocurrency, which was driven to $94,400 on a couple of occasions during those days. However, the bulls managed to prevail and propelled a few leg-ups that...

It hasn’t been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But let’s start with Bitcoin, as always. The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon as the week started, things weren’t going as smoothly. On Monday, the price began to fall, and at one point, it...

To say that the past seven days were exciting would be an understatement. According to CoinGecko, the total cryptocurrency market capitalization increased by almost $300 billion and peaked at around $3.8 trillion. This comes on the back of a historic milestone for Bitcoin and the strong performance of many altcoins, so let’s dive into the price action. All eyes were turned on Bitcoin this week. To be completely honest, the price action was relatively dull and rather...

It was a crazy week in the cryptocurrency industry, filled with a lot of volatility, a resurgance that the entire community was debating about, as well as the story of the underdog coming back at it. Let’s dive in. First, we have Bitcoin. Its price tried to breach $100K last weekend on numerous occasions, but it turned out that the sell wall there was just too big for the bulls to overcome. That ultimately took its toll, and the price crashed, reaching almost $90K during the...

Bitcoin’s inability to overcome the coveted $100,000 milestone on Friday and Saturday has resulted in a minor price decline to around $98,000 as of now. Several altcoins, such as XRP and DOGE, have plummeted as well in the past day, but others, like TON, DOT, and XLM, have charted double-digit surges. BTC Calms to $98K BTC traded at around $90,000 at the start of the business week but quickly started to gain traction and exploded above the previous all-time high of $93,800 by...

Bitcoin tried and tried to break into a six-digit price territory but was stopped just inches below $100,000 and has been pushed south by around a grand. Its dominance over the alts has slumped in the past day, as many, such as DOGE, ADA, AVAX, and DOT, have charted double-digit surges. BTC Fails at $100K Bitcoin had a highly positive business week, which started with a price surge to over $90,000 on Monday. After a brief retracement, the bulls returned and helped BTC chart a...

The total cryptocurrency market capitalization increased to about $3.05 trillion throughout the past seven days, adding close to $400 billion. This comes on the back of stellar performance from most of the coins, including but not limited to Bitcoin, Ripple, Dogecoin, and more. But first, let’s dive into what Bitcoin did. The week started off relatively calmly. Last Friday, when we wrote our previous market update, it was trading at slightly less than $80K, but this all...