The cryptocurrency market has commenced the new business week on a negative note once more, with BTC declining to a new multi-month low of $73,500. This time, the leading altcoin has experienced a significant downturn, coming perilously close to falling below $2,000 for the first time since mid-August. November has proven to be a challenging … Read more
Concerns regarding a more stringent regulatory framework for the U.S. cryptocurrency sector, a significant selloff in technology stocks driven by AI developments, a surprisingly robust job market report, and the dollar’s resurgence have collectively led to a substantial decline in cryptocurrency values over the last 24 hours. In the context of a liquidation cascade, the … Read more
A broad rally across risk-driven assets, coupled with a short squeeze in the crypto market, facilitated Bitcoin and other major cryptocurrencies in extending their overnight gains. Overall cryptocurrency market capitalisation has risen to $2.66 trillion, with Bitcoin fluctuating between $79,326 and $80,879 in the last 24 hours, as markets evaluated the possible regulatory implications of … Read more
Cryptocurrencies are currently experiencing gains in the overnight session as market participants assess the implications of the recent midterm elections in the United States. Riding a significant blue wave, the Democrats have attained control of both chambers of Congress. Overall cryptocurrency market capitalisation has risen to $2.62 trillion, with Bitcoin reaching a 24-hour peak of … Read more
Mixed sentiment prevails in cryptocurrency markets as global markets absorb the significant decline in crude oil prices. The adverse effects of the recent breach at Binance persisted, constraining the recovery in prices. In light of recent reports indicating a renewed diplomatic effort aimed at resolving the Middle East conflict, both crude oil price benchmarks experienced … Read more
Cryptocurrencies experienced a significant decline over the past 24 hours as market participants processed the magnitude and implications of the most extensive crypto hack to date. In a daring heist that lasted only about 20 minutes, attackers on Thursday drained an estimated $6.3 billion from the hot wallets of Binance, the world’s largest cryptocurrency exchange. … Read more
Overall cryptocurrency market capitalisation increased by over half a percent in the last 24 hours as global markets anticipate the Federal Reserve’s decision regarding interest rates. With the Fed widely expected to maintain current interest rates, the sentiment in the cryptocurrency market continues to exhibit a broadly positive outlook. Over 30 of the top 100 … Read more
Cryptocurrencies are exhibiting a mixed performance as the strength of the dollar and an increase in crude oil prices have influenced sentiment within the cryptocurrency market. The U.S. Dollar has experienced a rally, leading to a 0.24 percent increase in the Dollar Index overnight. The six-currency Dollar Index, which assesses the strength of the U.S. … Read more
The cryptocurrency market has experienced a significant downturn, with Bitcoin falling below $83 thousand as a result of a substantial liquidation cascade. The past 24 hours saw long positions being forcibly liquidated in response to a rise in bond yields, a rebound in the dollar, and an increase in expectations for Fed rate hikes. Crypto … Read more
The cryptocurrency market is entering the fourth quarter (Q4) amid expectations of a traditional rally known as “Uptober. Investors are anticipating an immediate surge across all major crypto assets; however, Ripple’s “North Star,” XRP, seems poised to chart its own course. The primary driver of the market was a robust conclusion to the third quarter. … Read more
