XRP slipped 8% on Tuesday during a broader crypto market downturn, but the digital asset still boasts an impressive 22.9% weekly gain against the U.S. dollar. XRP Pushes Through Market Dip Currently priced at $ 1.35 per coin, XRP holds a market cap of approximately $ 77.27 billion. Despite Tuesday’s dip, the past …
Precious metals prices are on the move again, with gold hitting a new peak of $ 2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $ 2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $ 29.68 per ounce. Market trends show …
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $ 54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $ 57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean …
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in […]
Last weekend witnessed a significant decline in Bitcoin prices that continued throughout the week, resulting in a $ 4,500 drop and erasing $ 167 million in BTC long positions within just an hour. Despite this turbulence, onchain analyst Willy Woo forecasts a potential rise in Bitcoin’s price to $ 650,000. Robert Kiyosaki, …
The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $ 61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations Reported By 4:00 p.m. Eastern Time on …
Bitcoin, with its intraday low and high at $ 60,760 and $ 66,382 respectively, and currently trading above the $ 63,500 mark, showcases its durability and unpredictability. The price movements of bitcoin persist in the lead-up to the U.S. Federal Reserve’s gathering on Wednesday afternoon. Bitcoin On March 20, 2024, bitcoin’s (BTC) …
The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that monero, along with three other cryptocurrencies, will be taken off its exchange on Feb. 20, 2024. […]
Bitcoin, the leading digital currency by market cap, showcased nuanced market dynamics on Jan. 29, 2024. Bitcoin’s value fluctuated within a narrow band, ranging from approximately $ 41,950 to $ 42,069 within the last hour. Indicators such as oscillators and moving averages reveal a diverse perspective, indicating a multifaceted interaction of market factors. …
Market insights reveal that on Jan. 15, 2024, the stablecoin TUSD deviated from its usual $ 1 parity, dipping to $ 0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $ 0.99 mark. TUSD Faces Unsteady Ground, Drops Under …
Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $ 0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle’s USDC dollar-pegged stablecoin …
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these setbacks, the supplies of three other stablecoin assets have drastically reduced, now garnering minimal […]
While the meme coin phenomenon bonk (BONK) captivated users on the Solana network, the cryptocurrency recently witnessed a 41% decline over the preceding fortnight, accompanied by a 20.8% descent in the past week. Following its mid-December peak to an all-time high (ATH), BONK has plummeted 57% from its ATH. From Peak to Plunge in …
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for a Rebound Recent statistics paint a tumultuous picture for XRP. […]
After remaining above $ 40 billion for much of 2023, the total value locked in decentralized finance, or defi, fell below the threshold on August 17, reaching $ 37.9 billion by August 22. Additionally, from August 13, the top 100 DeFi tokens have decreased by $ 1.74 billion in value over nine …