Crypto Market Calms After Wild Week: Bitcoin Consolidates, Altcoins See Mixed Results
The crypto market took a breather today, March 14, 2024, after a whirlwind week. Bitcoin, the ever-volatile leader, seems to be consolidating its gains after yesterday’s surge past $73,000. While some analysts predict a potential correction, others see this as a healthy pause after a rapid rise. The altcoin market is presenting a mixed bag, with some projects capitalizing on the momentum and others experiencing pullbacks.
DeFi Stagnation, La…
Crypto Market Update: December 18, 2023
Despite a challenging macro- and industry environment, the total cryptocurrency market cap rose +98.61% during 2023 to reach US$1.6 trillion. Last week’s crypto market prices dropped by -4.51%, volume decreased by -9.67%, and volatility increased by +77.13%.
The market for Solana Saga smartphones is witnessing an unprecedented surge, with recent sales on eBay reaching as high as $5,000. This spike in demand and value is primarily driven by t…
Crypto Market Faces Turmoil as NYAG Sues Gemini, Genesis, and DCG
The crypto market is facing a new challenge as New York Attorney General (NYAG) Letitia James has filed a lawsuit against three prominent crypto companies: Gemini Trust Company (Gemini), Genesis Global Capital, LLC and its affiliates (Genesis), and Digital Currency Group, Inc. (DCG). The lawsuit accuses them of defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion.
According to the NYAG, Gemin…
Bitcoin Breaks September Curse, Crypto Market Eyes Q4 Rally
Bitcoin (BTC) defied the historical trend and closed September with a 4% gain, breaking a seven-year streak of losses in the month.
Other cryptocurrencies also bounced back from a bearish Q3, with Solana (SOL) leading the top 10 coins by market cap with a 24% surge in the past week.
The crypto market is looking forward to a strong Q4, as several catalysts such as Bitcoin ETFs, DeFi growth, and NFT innovation could boost sentiment and ado…