The Crypto Market – Archive
Crypto Market Update: September 22, 2023
The cryptocurrency market today is experiencing a mix of ups and downs. The global cryptocurrency market cap stands at $1.12 trillion. Bitcoin continues to dominate the market with a dominance of 47.4%, while Ethereum follows with a dominance of 17.7%.
In recent news, South Korea’s KSTAR facility has achieved a significant milestone in nuclear fusion technology. This development has sparked interest in the crypto community due to its potenti…
Crypto Market Update: September 5, 2023
Dogecoin captured people’s interest as a result of a recently published biography about Musk as well as its possible function on the X platform. The value of Toncoin skyrocketed due to tokens from a Telegram bot. XRP’s ongoing legal disputes with the SEC and Coinbase could have far-reaching implications for the status of other cryptocurrencies. Despite experiencing selling pressure, Solana remains popular.
Australian legislators rejected a c…
Crypto Market Update: August 24, 2023
The global cryptocurrency market cap today is $1.09 Trillion, a -0.66% change in the last 24 hours and a 1.98% change one year ago. As of today, the market cap of Bitcoin (BTC) is at $506 Billion, representing a Bitcoin dominance of 46.42%.
In recent news, the British Treasury issued a firm no to those calling for crypto to be regulated as gambling. This decision highlights the dynamic nature of the crypto market and the importance of keepin…
| Bitcoin, Crypto market, News
Bitcoin exhaustion
The price of Bitcoin has been trading sideways for months, and there is little sign of a breakout. This has led to a decline in trading volume and volatility as investors have become bored and apathetic.
On-chain analysis shows that this apathy is not just limited to traders. Long-term holders are also becoming less active, and the supply of Bitcoin held by short-term holders is at a multi-year high. This suggests that many investors are sim…
| Bitcoin, Crypto market, News
Crypto Prices Plummet as SEC Sues Binance, Shaking the Market
The crypto market suffered a significant blow as the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, the world’s largest crypto trading platform, and its founder. The SEC’s allegations of deceptive practices and mishandling of funds caused prices of cryptocurrencies and shares in crypto and blockchain companies to plummet.
Bitcoin and Ether, the two largest cryptocurrencies, experienced drops of around 4% and…
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