Tag Archives: Market Updates

This week’s been quite the ride in the crypto markets, which currently stand at a total capitalization of around $1.68 trillion. That’s down some $50 billion throughout the past seven days, which have been particularly volatile, so let’s dive in. Bitcoin’s price went mad this week. On January 19th, it skyrocketed above $41.5K in a violent green candle and consolidated at that level for a few weeks, but it was on the 22nd when things started taking a turn for the worst. BTC...

Bitcoin’s untypical lack of volatility continues as the asset has failed to move during the weekend from the $41,500 mark. Most altcoins are also quite sluggish now, with minor gains seen from the likes of ETH, SOL, XRP, BNB, and ADA. BTC’s Stagnation Continues The ETF approvals from last week came amid enhanced volatility that saw BTC going up and down by several thousand dollars. The peak came on Thursday when the products reached the US financial markets, and Bitcoin...

Bitcoin dumped once more yesterday to a new monthly low of under $40,500, but it reacted well and dumped above $42,000 hours later. The altcoins continue to be quite sluggish, with little to no movements, aside from LINK, which has jumped by around 5%. BTC’s Declines The primary cryptocurrency had two completely different weeks. Last week, it soared past $49,000 on the day that 11 spot BTC ETFs reached the US markets and dumped by more than three grand later. The landscape...

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...