Tag Archives: Market Updates

After nearing $52,000 earlier this weekend, bitcoin has lost some ground but still stands around the coveted $50,000 mark. The altcoins are untypically calm, with ETH close to $4,000. In contrast, MATIC is up by more than 6% on a daily scale. Bitcoin Down to $50K Just days before Christmas, the primary cryptocurrency had dropped to $48,000 after failing to overcome $50,000. However, the bulls came to play at this point and pushed the asset north. In the following hours,...

Despite retracing after the latest two-week high by several hundred dollars, bitcoin has remained above $50,000. Most altcoins are also slightly in the red following yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which is up by 50%. Bitcoin Maintains $50K Following a few consecutive weeks of consistent price drops, bitcoin finally initiated an impressive leg up yesterday, in which it broke above $50,000. Moreover, the cryptocurrency kept going upwards in...

Christmas Eve is upon us, and it’s a green one. The overwhelming majority of cryptocurrencies are trading well in the green today and, as a matter of fact – throughout the entire week. Let’s kick it off with Bitcoin. BTC’s price was trading at around $46,000 this time last week. We saw the first bullish attempt on Sunday, but the price was rejected above $48K and retraced back to $46K. Then, things started looking positive, and bitcoin started climbing towards $50K. It had...

Following another sub-$46,000 dip, bitcoin has bounced off and currently sits above $47,000. The altcoins are also slightly in the green, with Terra outperforming the rest after a substantial double-digit surge. LUNA Surpasses DOT The altcoins have suffered quite a lot since the start of December, and especially since the massive crash two weeks ago. Ethereum went from nearly $4,700 to $3,500 in a day, and even though it has recovered a lot of ground since then, it still...

Bitcoin’s adverse price movements continued in the past 24 hours, and the asset fell to a two-week low of $45,500. Most altcoins also suffered, with the apparent exception of Avalanche, which has soared by nearly 10% on a daily scale. Bitcoin’s 14-Day Low It was just two days ago when the US Federal Reserve said it will leave the interest rates unchanged, which caused a substantial price surge for bitcoin. The cryptocurrency traded at $46,500 and skyrocketed to $49,500 in...

Another seven days have passed and, unfortunately, they weren’t any better than the week before. Traditional and cryptocurrency markets are tumbling, despite the US Federal Reserve leaving rates unchanged and increasing the country’s debt ceiling by $2.5 trillion. Bitcoin was headed well into the green last weekend when the price surpassed $50,000 on Sunday. This gave the community some relief and also brought hope that it’s time for a recovery rally. Bears had a mind of...

Yesterday’s inflation news from the US pushed bitcoin to $50,000 once more, but the asset failed and dropped by several thousand dollars. Most altcoins are also in the red on a daily scale, as ETH slid to $4,000. Bitcoin Rejected at $50K The past several days didn’t go all that well for the primary cryptocurrency. It tried to recover from last week’s massive crash and challenged the $50,000 mark on several occasions but to no avail. Its inability to break above had driven it...

There’s no sugarcoating it, the past seven days have been very tough throughout the entire cryptocurrency market, with a few small exceptions. The total capitalization dropped to $2,375 billion, which represents a loss of about 13%. Let’s start with Bitcoin. The primary cryptocurrency is down 14% on a seven-day scale. It started the week at around $56K, but bears weren’t having it anymore and crashed the price during the early Saturday trading session when BTC dropped to...

The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and...

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...