Tag: market recap

May 12 2022

Tether’s Stablecoin Peg Breaks as Bitcoin Plunges to $27,000

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.

May 10 2022

Price of LUNA Halves in 24 Hours, UST Stablecoin Loses USD Peg in Response

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...

May 09 2022

Bitcoin Drops to YTD Low as Market Index Enters ‘Extreme Fear’ Territory

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...

Apr 12 2022

Despite Bitcoin Testing $40,000, 75% of BTC Holders Remain in the Green

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.

Apr 11 2022

BTC and ETH Plunge to Multi-Week Lows as Crypto Market Cap Slips Below $2T

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.

Apr 06 2022

Crypto Market Undergoes a Minor Sell-Off, BTC Drops Below $45,000

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.

Mar 28 2022

Bitcoin Hits $47,000 and Eyes $52,000 as the Next Major Resistance Zone

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.

Mar 10 2022

Bitcoin Bounced Yesterday, Here’s Why

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.

Mar 09 2022

Bitcoin Jumps to $42,000, LUNA Tops the Charts With 20% Gains

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....

Mar 01 2022

Bitcoin Hits $43,700 as the Crypto Market Cap Surges 10% to Almost $2 Trillion

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.

Feb 25 2022

Bitcoin and Ethereum Gain Over 10% as the Broader Crypto Market Rallies From Yesterday’s Lows

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.

Jan 31 2022

Bitcoin Lost 20% in January as Macro Drivers Contributed to Risk-Averse Investment Climate

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.

Jan 25 2022

Crypto Market Recovers From Yesterday’s Sell-Off, Bitcoin and Ethereum Encounter Robust Support

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.

Jan 24 2022

Bitcoin Enters Oversold Territory as Key Market Signals Return to Their 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...

Jan 21 2022

Bitcoin Drops to $38,000 as Total Crypto Market Cap Falls Below $2 Trillion

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.

Jan 06 2022

Bitcoin Sheds 10% of its Value and Retraces to September Price Levels

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.

Dec 30 2021

BTC and ETH Hit Historic Peaks, Rise of NFTs, and Massive Institutional Investments – 2021 Crypto Market Recap

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.

Dec 16 2021

Avalanche (AVAX), Solana (SOL), and Terra (LUNA) Post Double-Digit Gains and Lead the Broader Altcoin Resurgence

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.

Dec 07 2021

Crypto Market Cap Increases by 9% as Bitcoin tops $51K, Numerous Altcoins Showing Double-Digit Gains

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.

Dec 06 2021

Fed’s “Tapering” Leads to a Correction in Crypto Markets and other Risk Assets

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.

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