Tag Archives: Market Updates

The adverse price developments in the crypto market continued, with bitcoin dropping below $40,000. Most altcoins are deep in the red as well, with Terra losing 7% and BNB dropping to $380. Bitcoin Lost $6K in 3 Days The ongoing war between Russia and Ukraine harmed all financial markets upon its start, but bitcoin managed to recover all losses immediately when the West refused to get directly involved. It kept climbing, reclaimed $40,000, and even soared to a three-week high...

The past week went over the flag of war taking place in Europe following Russia’s invasion of Ukraine. All eyes were on the conflict while global markets and cryptocurrencies were as volatile as ever. Let’s start with Bitcoin. Last week this time, things were looking relatively calm for Bitcoin despite the ongoing war between Russia and Ukraine. At that time, major economic forces such as the EU and the US hadn’t yet enforced any serious sanctions as most of them were still...

The cryptocurrency and financial markets took a severe hit shortly after Putin ordered a “special military operation” on the territory of Ukraine. However, the markets are pricing the future, and following Biden’s speech that confirmed the US would not apply any severe sanctions – global markets and crypto quickly recovered. Thursday saw a 7% intra-day gain in wall street, and Friday also saw a green spike on Wall Street’s screens. The primary digital asset currently hovers...

The past week was riddled with volatility, largely induced by the geopolitical turmoil. Russia declared a military operation against Ukraine and invaded the country’s borders on Thursday – February 24th. In a move that shocked many and was expected by some, the two countries are actively engaged in the first war in Europe for quite some time. Needless to say, this shook financial markets. On Thursday, global stocks traded in the red, and this caused further mayhem in the...

Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80. Bitcoin Dumps Again It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 and jumped to nearly $45,000....

The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...

It’s been a very positive week for the entire cryptocurrency market. Following a prolonged period of depressing price action, the market finally bounced and managed to reclaim the coveted $2 trillion total capitalization. Let’s have a look at how it happened. Bitcoin’s price was trading at about $40,000 last week when on Saturday, it surged convincingly and consolidated around $41,500. The cryptocurrency spent a few days there, but all this changed on Monday when bulls took...

After surging above $41,000, bitcoin has maintained its momentum and has remained above that level. The altcoins, which marked significant gains yesterday, have stalled now. Axie Infinity is among the few exceptions after a massive double-digit surge. Bitcoin Maintains $41K It was just a few days ago when the largest cryptocurrency struggled to remain above $37,000 and dipped below that level on a few occasions. The bulls attempted to push it north, which resulted in trading...

After more than two weeks of trading below $40,000, bitcoin finally made a decisive move to reclaim that coveted level. The entire crypto market followed suit with massive daily price increases from Ethereum, Binance Coin, Cardano, Sollana, Polkadot, and many others. Bitcoin Surged $4K It was on January 20th and 21st when the primary cryptocurrency slumped below $40,000 for the first time in months. In the following few weeks, the asset failed to recover most of the losses...

The total cryptocurrency market has managed to recover a considerable chunk of its capitalization, with Bitcoin currently pushing above $40K. However, excluding today, we saw a serious correlation between Wall Street and crypto, but may this be coming to a halt? Bitcoin’s price recovered over 8% in the past seven days, but let’s break it down. This time last week, things were looking quite depressing, and BTC was failing to break out and dipped on Monday. It spiked towards...