Tag Archives: Market Updates

The cryptocurrency space rejoiced recently when several large US banks halted services, and the FDIC, as well as other regulators, had to intervene to stop the contagion. However, the crisis expanded to Europe this week, with two of the most prominent names facing significant problems. Credit Suisse was acquired by the largest Swiss bank – UBS, for almost $3.3 billion, which was more than 60% less than what the former was worth days ago. This propelled another leg up in terms...

Bitcoin’s dominance continues to increase as most of the alts have slumped today, while BTC maintains above $27,000. ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%. Bitcoin Dominance Spikes to New Peaks The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations as well as US Fed lending $300 billion to certain banking institutions, pushed BTC north this week. The asset stood just inches...

Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since June 2022. The altcoins are also well in the green, with ETH reclaiming $1,800, while SOL, UNI, AVAX, and ETC have skyrocketed by up to 14%. BTC Taps Yet Another 9-Month High The US banking crisis, which later expanded to Europe as well, harmed bitcoin’s price performance at the end of last week as the asset tumbled below $20,000 for the first time in two months....

Things change fast in the cryptocurrency industry. In the span of seven days, the market shifted completely, with the sentiment escaping the fear zone. The total capitalization also soared, adding a whopping $165 billion in the process. But what happened? Well, let’s dive in. First things first, it’s important to note that BTC’s price is currently trading above $26K, reaching highs last seen nine months ago in June 2022. This marks a 30% increase, and it comes on the back of...

The past 24 hours saw the cryptocurrency market take a bit of a breather as it managed to recover around $16 billion in terms of its total capitalization. That said, the turmoil around USDC continues, although the stablecoin recovered to about $0.95 as Circled issued a somewhat reassuring statement. USDC Recovers to $0.95 USDC’s depeg has been the hottest topic in the cryptocurrency market throughout the past 48 hours. It’s the second-largest stablecoin by means of total...

Bitcoin’s woes keep on coming as the asset plummeted to a new two-month low at $19,500 yesterday before bouncing off by over a grand. This comes amid the Silicon Valley Bank’s troubles and the apparent exposure of certain crypto firms, including Circle and its stablecoin, which lost its dollar parity. BTC Volatile Around $20K In a matter of almost a week, bitcoin had calmed at around $22,000 and failed to produce any significant moves in either direction. Yet, the asset is...

The past seven days turned into a bloodbath across the entire cryptocurrency market, which dropped below $1 trillion in terms of total capitalization. This happens for the first time since January 14th. The decline comes on the back of a lot of negative macroeconomic developments, so let’s unpack. First things first, Bitcoin’s price is trading around $20,000, albeit slightly below it at the time of this writing. The intraday low sits at $19,549 on Binance and BTC is down...

Bitcoin tried to recover some of its recently lost value in the past 24 hours but was stopped in its tracks and is back down to $22,300. The altcoins are quite stagnant on a daily scale, with EOS losing all of its yesterday’s gains. Bitcoin Maintains $22K The low trading volumes of last weekend helped bitcoin remain around $23,000 for most of it. The start of the working week saw the asset pushing toward $24,000. In fact, BTC managed to tap that level once on Wednesday, but...

Bitcoin’s massive crash on Friday drove it south to just under $22,000 to mark its lowest price tag since February 14. The altcoins experienced similar enhanced volatility, but most have calmed since then. Ripple’s XRP and EOS are among the few alts with notable gains. Bitcoin Slipped Below $22K Despite the rising volatility at the end of February, bitcoin managed to close the month with a slight increase and stood at around $23,000. The first few days of March saw a price...

This week was a complete rollercoaster in terms of price action as the majority of cryptocurrencies found themselves stuck in a chopping range before the ultimate leg down. Bitcoin was trading at around $23,300 this time last week, and a couple of days later, it attempted the first push toward $24K. it was unsuccessful, and at around the end of the week, BTC found itself below $23K. However, this dip was immediately bought up, and the price tapped $24K on Wednesday. The bulls...