Tag Archives: Market Updates

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...

Bitcoin’s price has lost some momentum over the past 24 hours and has retraced back down to around $42,000. Most altcoins are also in the red, with SOL and ADA dumping by over 5%. ICP, though, has exploded by a massive 40% surge. BTC Down to $42K It was precisely a week ago when BTC’s late 2023 run culminated in a price surge to $44,700. This became the asset’s highest price tag in over a year and a half. However, the landscape started to worsen at that point. Monday was...

It was another eventful week in the cryptocurrency space, with BTC soaring to a new 19-month peak six days ago before facing retracements and rollercoaster propelled by industry vulnerabilities. It all started just after CryptoPotato’s previous Market Update on Friday. Just hours later, the primary cryptocurrency initiated an impressive leg up that resulted in breaking above $44,000 and hitting $44,700 for the first time in over a year and a half. That was a noteworthy...

Bitcoin resumed its bull run in the past 24 hours and neared $45,000 for the first time since May 2022 but failed to overcome that level. Nevertheless, numerous altcoins have outperformed BTC, with ADA, DOT, and AVAX standing out as the most prominent examples. BTC Came Close to $45K Last Saturday, precisely a week ago, BTC became its most recent run resulting in nearing $40,000. After failing to overcome that level at first and trading below it on Sunday, Monday started with...

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down. Starting with Bitcoin, its price exploded by some 14.3% over the past seven days and it’s currently trading around the $44K mark. The bulls have tried to push it above that level but have so far been unsuccessful. It’s worth noting, however, that the bears also...

Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost $40,000. Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above $2,150 and LINK trading north of $16. BTC Neared $40K It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped...

Bitcoin initiated another impressive leg-up in the past 24 hours that resulted in charting a new 19-month peak at $39,000. Most altcoins followed suit, with SOL defending the $60 level, ETH remaining above $2,100, and ADA nearing $0.4. BTC Tapped $39K The business week started on a negative note as BTC slipped below $37,000 on Monday and failed to overcome that level on Tuesday morning. The situation started to change by the end of the day and, particularly on Wednesday, when...

The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week. Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past...

A lot can happen in seven days in a volatile industry like the crypto sector, and it indeed did over the past week. Arguably, the most significant piece of news came a few days ago when the US Department of Justice announced a massive settlement deal with the world’s largest crypto exchange – Binance – that had severe consequences. On the one hand, the company had to depart with $4.3 billion in the form of a fine without admitting any guilt. On the other hand, though, the...