The cryptocurrency market is currently experiencing a significant decline on Monday morning, with major coins such as ETH and XRP seeing notable decreases. ETH, for example, is once again trading below $3K and is down by 4% for the day. XRP has also dropped by 5%, with bulls now fighting to defend the critical $0.4
Impact
Bitcoin’s price has been stagnant since its peak in March, with many analysts pointing to the impact of tight U.S. monetary policy on the cryptocurrency market. According to CryptoQuant analysts, the tightening of monetary policy in the U.S. since March 2022 has led to a reduction in stablecoin supply, which has directly affected Bitcoin’s ability
Opeyemi is a dedicated writer who has found his passion in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply immersed in it over the past two years. His enthusiasm for unraveling the complexities of blockchain technology and staying updated on the latest trends in the cryptocurrency world
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Recent price movements in the cryptocurrency market, particularly with Bitcoin, have once again highlighted the extreme volatility that investors have come to expect. The sudden drop below $54,000 on July 5 served as a stark reminder of just how quickly fortunes can change in the world of digital assets. Over the past month, Bitcoin has
The long-awaited restitution to users of the now-defunct Mt. Gox exchange may finally be happening in July. However, the market players are feeling nervous about how this distribution will affect the price of Bitcoin. There is a sense of fear regarding potential sell-offs in the market as uncertainty looms around the impact of the Mt.
The recent downturn in the crypto markets, resulting in a 15% decrease with over $350 million exiting the space, has sparked discussions among industry experts. Cryptographer Adam Back highlighted that market corrections, such as the current 28% dip, are common occurrences during market cycles. He emphasized that previous bull runs had experienced similar drawdowns, suggesting
The former Solicitor General Donald B. Verrilli has raised serious accusations against US regulators, accusing them of intentionally stifling the crypto industry through debanking practices. These allegations were made in a joint amicus brief filed on July 3 with Paul Clement, another former Solicitor General, pointing to bipartisan concerns about the regulatory environment for digital
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution among the creditors of the exchange, which ceased operations in 2014 due to a major hacking event. The distribution process has already seen large
The cryptocurrency market has been experiencing a significant downturn, with Ethereum (ETH) being one of the casualties. In the past week, ETH has seen a 9% decline, dropping to $3,130. Market observers are now closely monitoring key levels that need to hold to avoid further losses and increased liquidation rates. Analysts, like “Inspo Crypto,” are