Most major cryptocurrencies experienced a significant decline over the past several days, with bitcoin leading the downturn as it fell from $87,000 to below $81,000, marking its lowest price point in more than two weeks. Large altcoins such as XRP and ETH experienced significant declines, with XRP recording a double-digit decrease over the past week. … Read more
Crypto commenced October following a robust performance in the third quarter, despite experiencing some volatility in the latter weeks of September. Bitcoin experienced an increase of approximately 7% in September, while Ethereum saw a rise of around 7% as well. Solana exhibited superior performance compared to Bitcoin, as numerous large-cap altcoins experienced gains amidst Bitcoin’s … Read more
PeckShield reported 55 significant cryptocurrency hacks in September, resulting in total losses amounting to $766.49 million. That figure represents an increase of approximately 462% compared to August’s $136.3 million, with two incidents responsible for nearly the entirety of this rise. The Bitget incident, amounting to approximately $387 million, and the Liquid Network theft, totalling around … Read more
A weaker-than-expected jobs data report from the U.S. significantly diminished rate hike expectations from the Federal Reserve in the October FOMC, enhancing sentiment toward cryptocurrencies. Overall cryptocurrency market capitalisation has increased by 2.1 percent overnight, reaching $2.93 trillion. Bitcoin reached a peak of $87,146 within a 24-hour period. Data released by the U.S. Bureau of … Read more
Amidst renewed geopolitical tensions in the Middle East and a surge in crude oil prices, bond yields and the U.S. dollar that followed, cryptocurrencies have entered negative territory. Overall cryptocurrency market capitalisation has decreased by 1.4 percent overnight, now standing at $2.86 trillion, while Bitcoin has experienced overnight losses of 1.6 percent. Tensions escalated in … Read more
Bitcoin dropped below $83k in the past 24 hours as a significant bond market selloff dampened sentiment toward risk assets, including cryptocurrencies. Robust economic indicators from the United States, coupled with a surge in global crude oil prices, have reignited concerns regarding potential Federal Reserve rate hikes, leading to a selloff in U.S. bond markets. … Read more
Last week, the anticipated cryptocurrency legislation did not pass – yet Bitcoin purchasers appear unfazed. The price of the leading cryptocurrency surged on Monday by nearly 7% within a 24-hour timeframe, just six days following the obstruction of the Clarity Act by lawmakers. Prominent figures in the digital asset industry have been advocating for the … Read more
Cryptocurrencies experienced a rally over the past 24 hours as global markets processed the anticipated quarter percentage rate increase by the Federal Reserve. The decline in crude oil prices, coupled with the reduction in bond yields, has strengthened market sentiment. Aggregate market capitalisation experienced an increase of over one percent, while Bitcoin reached a 24-hour … Read more
Cryptocurrencies experienced a significant increase on Friday, as global markets responded positively to the dovish remarks from a Federal Reserve official, which highlighted the potential disinflationary trends within the U.S. economy. The repricing of Fed rate hike expectations, the easing in bond yields, the massive inflows to U.S.-listed Bitcoin and Ethereum Spot ETF products, as … Read more
Cryptocurrency markets were encouraged by dwindling predictions of a quarter-percentage rate hike by the Federal Reserve in the FOMC decision to be published on September 16. The easing in global bond yields, the U.S. dollar’s retreat, and hopes for favourable regulatory measures in the U.S. contributed to the increase in cryptocurrency prices. Overall cryptocurrency market … Read more
