The cryptocurrency market experienced a downturn, as the global market capitalization fell by 1.0% to $3.74 trillion. The trading volume in the last 24 hours saw a minor dip, reaching $238 billion. In the latest market update, eight of the top ten cryptocurrencies by market cap have experienced declines in the past 24 hours, highlighting … Read more
Even with easing trade tensions between the U.S. and China and lessening worries about credit stress in regional banks, the cryptocurrency market remains overshadowed by negative sentiment. Sentiment was affected by withdrawals from crypto spot ETF products, and the cryptocurrency market capitalization has experienced a drop of nearly 3 percent overnight. The CMC Fear and … Read more
The cryptocurrency market is experiencing a significant sell-off, with Bitcoin and Ethereum prices dropping sharply, leading to a surge of panic and uncertainty among investors. In a striking turn of events, the market witnessed over $536 million in Spot Bitcoin ETF outflows within just one day, reigniting concerns about a prolonged bearish trend. Analysts are … Read more
According to a new report, retail investors have incurred losses estimated at $17 billion while trying to gain Bitcoin exposure via digital asset treasury firms like Metaplanet and Michael Saylor’s Strategy. The losses stemmed from an inflated pricing of share premiums, enabling these companies to offload stock at prices significantly exceeding the true value of … Read more
The cryptocurrency market is currently in a range-bound phase, showing a clear downward trend as Bitcoin, the top digital asset, trades under the $108,000 mark. Ethereum faced significant pressure, falling below $3,900, as altcoins such as Zcash, Morpho, and Mantle experienced the worst of the selloff. Market analysts highlight rising US-China trade tensions and ongoing … Read more
The G20’s risk watchdog issued a warning on Thursday about “significant gaps” in the efforts of countries to regulate the rapidly expanding crypto markets, highlighting the potential risks to financial stability. The Financial Stability Board issued a set of recommendations regarding regulations for cryptocurrency in 2023, aiming to align it with the traditional financial sector. … Read more
The cryptocurrency market experienced a jolt following an unexpected announcement from President Trump, triggering a notable flash crash that caused over $19 billion in liquidations. According to sources, this event marked one of the most substantial notional crypto deleveraging events on record. On October 10 at 20:50, the announcement was made, indicating a potential imposition … Read more
Global banking giant Citigroup is gearing up to introduce a cryptocurrency custody service by 2026, signaling its intensified entry into the digital asset arena, according to a report. The initiative represents a significant effort by institutions to adopt blockchain-based financial infrastructure. The crypto custody offering, which has been in development for the past two to … Read more
The cryptocurrency market is experiencing a notable rebound following last week’s sell-off, sparked by former US President Donald Trump’s declaration of imposing 100 per cent tariffs on Chinese imports starting November 1. The action, which shook global risk assets, resulted in a significant decline across digital currencies. Bitcoin, the world’s largest cryptocurrency, reached an all-time … Read more
The cryptocurrency market, along with the world’s largest token Bitcoin, experienced a decline for the second consecutive day on October 12. This downturn followed a market crash triggered by United States President Donald Trump’s announcement of an additional 100 percent tariffs on China. The cryptocurrency market capitalization has decreased to $3.7 trillion, a drop from … Read more