Tag: market recap

The sell-off in the cryptocurrency markets sparked by macroeconomic drivers such as rising interest rates and high inflation, as well as yesterday’s Terra collapse, have shaken the peg of the world’s largest stablecoin, Tether’s USDT.

Key takeaways: LUNA has lost over 50% of its value since Monday and dropped near its one year low The sudden price decrease has broken UST’s dollar peg, with the...

Bitcoin shed more than 15% of its value in the last seven days as the fear of a further economic slowdown grips the markets. The world’s largest cryptocurrency is now trading at its lowest year-to-date price level of $32,700 at press time. According to technical analysis from CoinCodex, the current investor sentiment is in the bearish zone, while the Fear & Greed Index...

The bears continued to have the upper hand going into Tuesday. The cryptocurrency market cap shed an additional 2% and dropped to its four-week lows just above $1.9 trillion. The negative price movement saw Bitcoin momentarily lose its footing above the psychological $40,000 level earlier today as the world’s largest crypto fell to $39,300, its lowest price point since mid-March.

The markets have been in a state of a gradual pullback over the last seven days. During that period, the value of most major digital currencies has diminished by double digits, including Bitcoin (-10.7%) and Ethereum (-11.8%). Consequently, the total value of all digital currencies in circulation shrank from $2.21T on April 4 to $1.98T on April 11.

After trading in a relativity narrow trading range over the past week, Bitcoin’s price has dived below the $45,000 mark today, for the first time since April 1st. Bitcoin’s negative price movement reverberated across the crypto market and sparked a minor sell-off, which saw the majority of digital assets enter the red zone in the last 24 hours.

After weeks of sustained positive price movement, Bitcoin yesterday broke the $46,000 resistance for the first time since January and jumped to $47,500 in the span of hours. The world’s oldest crypto is now up more than 14% in the last seven days and roughly 42% since its 2022 low.

On Wednesday, Bitcoin along with the majority of other digital assets experienced notable upward price movement that led to the cryptocurrency market cap nearly reclaiming the $2 trillion valuation. Despite today’s market pullback, the macroeconomic factors that contributed to yesterday’s upswing will likely play an outsized role in the coming weeks and months.

The bulls had the upper hand today, as the total cryptocurrency market cap increased by close to 6% and reached $1.89 trillion in the early hours of Wednesday. Bitcoin broke $42,000 on the heels of more than 8% 24-hour gains, while Ethereum and other major altcoins followed in the footsteps of the world’s oldest and largest crypto and generally posted high single-digit gains....

The rollercoaster of big price swings continues. Today, the market underwent a massive rally that pushed the total crypto market cap up by 9.36% to $1.96 trillion at press time.

The cryptocurrency market performed a pronounced zig-zag movement in the last 24 hours. The majority of digital assets followed in the footsteps of Bitcoin, which dropped more than 10% yesterday only to bounce back over its Thursday highs.

The start of 2022 was a turbulent ride for the blockchain industry - the value of Bitcoin and other digital assets has shrunk by high double digits. The combined valuation of all digital currencies in circulation fell to $1.75 trillion at the end of January, just two months after the historic milestone of $3 trillion was breached last November.

The cryptocurrency market has entered a much-anticipated recovery after yesterday’s selloff. Over the course of the last 24 hours, the cumulative value of all digital assets in circulation has increased by more than 8%, which led to virtually all coins in the cryptocurrency top 100 being traded in the green zone.

The last week in crypto could be described as nothing less than a bloodbath. The price of Bitcoin and virtually all digital assets decreased by double digits as the total crypto market cap dropped to $1.62 trillion - the lowest value in six months. According to Bitcoin’s network value to transaction (NVT) and relative strength index (RSI) signals, we might have already entered...

After struggling to break out of the narrow trading range between $41,300 and $43,400 for the past week, Bitcoin experienced a sharp decline in its value in the last 24 hours that saw the world’s largest crypto plummet to price levels not seen since last August.

Bitcoin and other digital currencies have undergone a massive market pullback in the last 24 hours, which plunged virtually all coins in the red zone. The value of all digital assets in circulation has diminished by roughly 10%, leaving the total market cap standing at $2.09 trillion at press time.

The past year will undoubtedly go down in history as a pivotal period in the history of crypto. Bitcoin (BTC) and Ethereum (ETH) all-time highs puled the cryptocurrency market cap past $3 trillion, while the surge in popularity of non-fungible tokens (NFT) and metaverse projects pushed the crypto firmly into the mainstream.

Over the course of the last 24 hours, the cryptocurrency markets have been experiencing strong bullish action, which led to an almost 5% increase in the total market capitalization value and caused virtually all digital assets in the top 100 to trade in the green zone.

The cryptocurrency market is experiencing a much-needed bounce back after the weekend’s crash, which wiped out nearly $500 billion from the market in the span of hours. Bitcoin (BTC) reconquered $51,000 support earlier today and was accompanied by numerous altcoins, including Ethereum (ETH), Cardano (ADA), and Solana (SOL), to name just a few, sporting robust double-digit gains.

After a month-long period of downward momentum and trading in a relatively tight range, Bitcoin and the broader crypto market were hit by a severe flash crash on Friday, which torpedoed prices of most crypto assets and, in several cases, sent them to 2-month lows.