Tag Archives: Market Updates

After a brief dip, bitcoin went on the offensive once more and tapped $25,000 for the first time since mid-June. The altcoins are calmer today, but Shiba Inu has stolen the show with a massive double-digit surge. Bitcoin Touched $25K Whether it’s indeed on hype regarding the upcoming Merge, as JPM claimed, the crypto market has been on an uptrend in the past week or so, evident from BTC’s price movements. The most impressive surge came on August 10 when the asset jumped from...

Unlike the previous weekend, this one starts with impressive gains from BTC and most altcoins. Bitcoin, for one, jumped to just under $25,000. With the hype surrounding the upcoming Merge, ETH soared to a multi-month high of its own, above $2,000. ETH Spikes Above $2K The Merge, a move that will see Ethereum transition from PoW to PoS, is arguably the most anticipated event of the year in the cryptocurrency space. The latest reports on the matter suggested that it could...

The past week was particularly eventful, and that’s reflected in the overall performance. The total cryptocurrency market capitalization is up almost $100 million as most of the coins are well in the green. Let’s unpack. Starting with Bitcoin, it’s up 5.2% over the week and is currently trading around $24,000. This time last week, the cryptocurrency was hovering around the $23K area, where it remained until Monday, when the price took off and reached $24K. The euphoria was...

Bitcoin has calmed just under and around the $30,000 level after the recent massive volatility that brought the asset south by five digits. Most altcoins are also quite stagnant on a daily scale, with a few exceptions, such as Polkadot, Bitcoin Cash, and Monero. Bitcoin Stands Still Below $30K The past ten days were nothing short of a volatile rollercoaster for bitcoin and the rest of the market. The largest digital asset stood close to $40,000 before it plummeted by $4,000...

After yesterday’s brief price surge to $31,000, bitcoin stalled and retraced back to below $30,000. Most altcoins are also slightly in the red today, except for TRON and Polkadot, both of which are up by around 4%. Bitcoin Failed at $31K No other word can explain what transpired last week better than “massacre.” Bitcoin stood close to $40,000 on May 5 before the bears took complete control over the market and pushed it south hard. At first, BTC lost $4,000 in a day before the...

This was the most eventful week in many months, but, unfortunately, the end result was that $500 billion were wiped off the total cryptocurrency market capitalization. Terra’s ecosystem was at the forefront of it all, so let’s unpack. On May 9th, UST – the algorithmic stablecoin of the Terra ecosystem, lost its peg. It fell to about $0.95, but no one was prepared for what happened after that. On the following day, UST continued losing value as the Luna Foundation Guard...

After yesterday’s massacre, bitcoin slipped slightly more and dropped to another multi-month low. Most altcoins are in a similar position, with Terra losing the most value on a daily scale. In contrast, TRON, Algorand, and Monero have charted impressive gains. Bitcoin’s Latest Low It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. In fact, the cryptocurrency had spiked toward $40,000 earlier this week, after the latest FOMC meeting, in which...

Bitcoin’s price crashed to levels that we last saw on the day that Russia invaded Ukraine. Moreover, the entire market lost over $150 billion of its capitalization as the past 24 hours caused nothing but mayhem in the industry. Bitcoin’s price is down 9% in the past seven days, and it’s currently trading slightly above $36K. This time last week, the cryptocurrency was sitting slightly below $39K, and the week was going relatively well. The price managed to increase towards...

Bitcoin continues to gradually lose value and dropped to a near two-month low of just over $37,000. The altcoins are also deep in the red, with notable price losses from Solana, Cardano, Terra, Polkadot, and many others. Bitcoin Sees 2-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago, as BTC neared $41,000 roughly a week ago but was rejected in its tracks. The subsequent correction drove the asset south...

Bitcoin failed again at overcoming $40,000 and has returned to even below $39,000. The majority of the altcoins are also in the red once more, but ApeCoin continues to defy the odds ahead of its highly-anticipated Otherside sale. Bitcoin Struggles Below $40K On April 25, bitcoin initiated an impressive leg up, adding nearly $3,000 in hours. Consequently, the asset spiked to almost $41,000 after its recent nosedives. However, this price increase was short-lived as the bears...