Tag Archives: Market Updates

The cryptocurrency market seems to have been cooling off throughout the past seven days, decreasing to its current capitalization of $1.69 trillion. This comes a week after the United States Securities and Exchange Commission approved a spot Bitcoin ETF. Undoubtedly, the above has been on everyone’s mind for the last few months. Now that the approval is finally here, the market is cooling down. Somewhat expectedly, the ETF didn’t attract hundreds of billions of inflows. In...

Bitcoin has calmed at around $43,000 after the recent volatility propelled by the US Securities and Exchange Commission and the launch of 11 spot ETFs. On a weekly scale, though, BTC is in the red, unlike most cryptocurrencies, such as ETH, which has soared by double digits. BTC Down on ETF Approval Week After years and years of delaying and rejecting countless applications, the US securities regulator finally greenlighted spot Bitcoin ETFs on Wednesday, and the products...

The highly volatile moves after the approval of the first US spot Bitcoin ETFs continued in the past 24 hours, with a massive dump to under $41,600. The altcoins have suffered just as badly, with SOL, ADA, AVAX, and others slumping by more than 5-6% in the same timeframe. BTC’s Volatility Returns Bitcoin and the entire cryptocurrency industry had a very eventful week, in which the US SEC was expected to approve the first spot BTC ETFs in the country. While that indeed...

What a week… The United States Securities and Exchange Commission finally greenlighted a spot Bitcoin Exchange-Traded Fund (ETF). Those of you who’ve been following the industry for many years know that this has been one of the most highly-anticipated moments, and it’s absolutely monumental how far the industry has come in 2024. But the process itself was particularly scuffed, to say the least. First, the SEC’s X account was compromised, and the attacker tweeted (falsely)...

After the highly volatile first business week of the new year, BTC has calmed slightly and remained at around $44,000. Most altcoins are also quieter today, but the weekly charts showcase a different story, with numerous ups and downs. BTC Stalls at $44K It’s safe to say that the first week of 2024 was quite eventful. It all started with a massive leg-up on Tuesday that drove the primary cryptocurrency to a 21-month peak at nearly $46,000, perhaps fueled by anticipations of...

Bitcoin faced enhanced volatility on Friday as well, dumping in minutes to $42,600 before jumping to $44,400 and ultimately settling below $44,000. Many altcoins have charted massive price declines over the past 24 hours, with AVAX, ADA, SOL, and LINK leading this adverse trend. Dominance on the Rise: Bitcoin Although it has been less than a week since the start of the new year, BTC has already recorded several massive price movements in either direction. It all started on...

This week has been quite eventful in terms of Bitcoin’s price action. In general, the total market capitalization increased by some $20 billion, which came on the back of a slight uptick in BTC. Most of the altcoins are trading in the red, so let’s have a look at what happened. First things first, Bitcoin is currently sitting at slightly below $44K, registering an increase of 2% for the past seven days. This also makes it the best performer from the top 10… by far. The week...

Bitcoin failed at $43,000 yesterday, and the subsequent rejection pushed the asset hard south to a 12-day low of under $41,400. Most larger-cap alts have also retraced on a daily scale, with SOL and AVAX losing the most (around 6% each). BTC Stopped at $43K Ever since last weekend, when BTC failed to decisively overcome $44,000, the asset has struggled to maintain its momentum. It started losing value at the start of the business week, which resulted in a price drop to...

Bitcoin dropped on Christmas Eve by roughly a grand and briefly went below $43,000 but has managed to bounce off above that level as of now. Polkadot is the top performer from the larger-cap alts now, with a 5% increase on a daily scale. In contrast, SOL and AVAX have cooled off after the recent rallies. BTC Down to $43K After the unfavorable start of the previous business week, bitcoin went on the offensive on Wednesday and Friday and spiked above $44,000 during both trading...

Bitcoin came close to $44,000 hours ago, but it was rejected there and pushed south by about $500. Most altcoins trade quietly on Christmas Eve, but Solana has gone on a tear once again and has definitively surpassed BNB as the fourth-largest cryptocurrency. SOL Becomes 4th It’s safe to say that Solana’s native token has been at the forefront of the recent price rally among the altcoins. The past week alone brought a 55% surge for SOL. On a daily scale, the asset is up by...