Tag Archives: Market Updates

The past seven days have mostly been centered around Bitcoin and the aftermath of the ruling in the case between Ripple and the United States Securities and Exchange Commission. That said, the total market capitalization declined by some $11 billion throughout the same period, as investors are wary of future uncertainty. Bitcoin’s price has largely remained around the $30K area – a pivotal level that’s consisted of significant technical but also psychological resistance. BTC...

Bitcoin dipped toward $30,000 but managed to bounce off that level and stands a few hundred dollars above it now as well. Most altcoins are also slightly in the red today, with ADA, SOL, MATIC, and DOT dropping the most from the larger caps. BTC Defends $30K The primary cryptocurrency experienced enhanced volatility at the end of the business week, alongside the rest of the market, following Ripple’s landmark victory against the SEC. Following the judge’s ruling that almost...

After marking a new 13-month high yesterday at almost $32,000, bitcoin has been rejected once again and even dipped below $30,000 hours ago. Most altcoins are also in the red today following the recent gains, except for DOGE, SHIB, OP, and a few others. BTC Stopped Most of the working week went by quietly for the primary cryptocurrency as the asset spent it trading sideways in a tight range between $30,000 and $31,000. All that, however, changed on Thursday evening when Judge...

The past seven days will go down in history as the week when Ripple scored a massive win in court against the United States Security and Exchange Commission. In fact, the news is so important that it’s hard to talk about anything else. However, it’s worth mentioning that the entire market took to the skies following the development, and BTC is finally trading above $31K, while ETH is above $2K. Now, let’s dive into some specifics. More than three years ago, the SEC filed a...

Similar to previous weekends, bitcoin has calmed and failed to produce any substantial volatility in either direction during the weekend as the trading volumes have declined. Most altcoins are with insignificant daily increases and decreases, aside from BONE, INJ, and SHIB. BTC Stalls at $30K After the previous calm weekend, bitcoin finally went on the offensive on Tuesday but was stopped in its tracks at just over $31,000. The subsequent rejection drove it south down to...

Bitcoin went through a volatile end of the week in which it posted a new 13-month high before it slipped under $30,000 but has managed to defend that level. The altcoins are calmer on a daily scale, aside from SOL, AVAX, LEO, ARB, and a few others, which have added some value. BTC Defends $30K The past weekend was quite uneventful, even though BTC went through a rollercoaster that drove it from $31,000 to $29,500 and back up to $30,500 in a matter of hours on Friday. Saturday...

Spot Bitcoin exchange-traded funds (ETFs) are arguably the hottest topic in the cryptocurrency community for the past few weeks, a trend that was only solidified during the last several days. Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator. However, all companies reacted swiftly and refiled with more “adequate”...

Bitcoin has calmed after the Friday rollercoaster that drove it up and down by over a grand and remains relatively still at $30,500. The altcoins are also less volatile today, as it typically happens during the weekends, with SOL emerging as the most substantial gainer from the larger caps. BTC Above $30K Bitcoin went on a tear last week when it jumped from $26,500 to over $31,000 to register a new multi-month high. The bears tried to intervene but only managed to halt BTC’s...

Bitcoin went on a short-lived roller-coaster yesterday but has reclaimed $30,000 after dumping to a 10-day low. Yet, its dominance over the altcoins has declined a lot on a daily scale, as some, such as LTC, LDO, VET, and BSV, have shot up. BTC’s Dump and Pump After last week’s massive price surge, which drove bitcoin from $26,500 to over $31,000 at one point, the cryptocurrency had calmed and remained in a tighter range between $30,000 and $31,000. It tried to overcome the...

A lot can change in the cryptocurrency industry within a week, and the waves indeed fluctuated in the past seven days. The market rejoiced recently as several multinational financial giants filed for a Bitcoin Spot ETF, but the tides could be turning now, according to a WSJ report from Friday. Let’s unpack. BlackRock shook the crypto market two weeks ago when it filed an application to release a BTC Spot ETF in the States, which would make it the first such product...