Tag Archives: Market Updates

After failing to challenge $17,000 for several straight days, bitcoin finally touched that level, marking a multi-week high. The altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO. Bitcoin Touches $17K The end of 2022 was quite calm for the primary cryptocurrency, and the first day of the new year didn’t bring any more excitement either, as it remained at around $16,500. The situation started to change on Monday with a minor push...

The total cryptocurrency market capitalization managed to increase by around $17 billion in the past seven days. Interestingly enough, the gains came mostly on the back of altcoins. This is highlighted in the declining Bitcoin dominance – a metric that’s commonly used to gauge BTC’s share relative to that of the rest of the market. At the time of this writing, the BTC dominance sits at 38.1%, having peaked at over 38.4% last week.  Bitcoin’s price increased by a total of...

Bitcoin tried to challenge $17,000 hours ago but was stopped before having the chance to come close, at least for now. The altcoins have calmed since yesterday’s impressive gains, except for Solana, which continues to recover its recent losses and LDO. Bitcoin Came Close to $17K The end of 2022 was untypically calm for the primary cryptocurrency, which remained around $16,500 after losing a few hundred dollars throughout the week. Although the first day of the new year...

The end of 2022 brought almost zero volatility for bitcoin, which remained flat at around $16,500. Most altcoins also failed to produce any significant volatility, aside from the two recent high-flyers – OKB and Toncoin. Bitcoin Stalls at $16.5K In yesterday’s Market Watch, CryptoPotato summarized bitcoin’s overall price movements in 2022, which started on a high note at almost $50,000 but ended 65% lower following a violent year that saw multiple collapses. While zooming in...

For better or worse, 2022 is about to end, and the bitcoin bulls are in a hurry to send this rather violent year packing. The asset’s price tumbled amid macroeconomic hurdles, industry collapses and scams, and everything in between. The micro scale doesn’t give much hope either, as BTC slipped to a new 10-day low of way below $16,500 yesterday. Bitcoin’s Nightmare Year Comes to an End After the massive bull market of 2021, in which bitcoin skyrocketed to an all-time high of...

The last week of 2022 ends with a bang but not in terms of price action, which remains as dull as possible. However, it was marked by multiple events, so let’s dive in. First things first, Michael Saylor’s MicroStrategy seems far from being done with buying BTC. The company revealed another purchase of more than 2,000 bitcoins, bringing its total to more than 132K. It’s also worth noting, though, that the company also sold around 700 BTC for the first time ever – for tax...

Bitcoin continued with minor price declines in the past 24 hours, resulting in a dip to a weekly low of under $16,500. Most altcoins are also in the red, including substantial losses from Solana and Terra Classic. Bitcoin Dropped to Weekly Lows The primary cryptocurrency had a calm weekend, in which it stood at around $16,800 without any movements in either direction. This resulted in closing the week at precisely the same spot it was seven days ago. The start of the new week...

With the new week starting, bitcoin’s price has remained stuck around $16,800 and is actually at the same place it was seven days ago. The altcoins are also very quiet, with Litecoin emerging as the only notable gainer from the larger-cap ones. Bitcoin Stays Flat Last week began with a price drop of $16,300, which became BTC’s lowest position in about three weeks. However, the asset recovered its lost ground and returned back to $16,800. The following days were quite calm,...

With the end of the year approaching fast, the primary cryptocurrency continues to remain stuck at familiar ground at just over $17,000, begging the question if that’s about to change anytime soon. Most altcoins are also quite stagnant on a daily scale, aside from OKB, which has jumped by over 5% after the recent OKX proof-of-reserve statement. Bitcoin Boring Below $17K The past week saw a substantial price decline from bitcoin when the asset fell to a three-week low at...

The latest PCE data announced by the US yesterday brought little volatility to the crypto market, in which BTC dropped by a few hundred dollars but recovered almost immediately. The altcoins are still on a daily scale, with a few exceptions in the likes of Terra Classic, Decentraland, and Lido. Bitcoin Remains Chill at $17K Bitcoin dropped to a 3-week low on December 20 at $16,300 but reclaimed almost all lost value in less than a day. Another price decline two days later saw...