#CryptoMarket

Dogecoin’s price has surged by an impressive 30%, mirroring Bitcoin’s gains, thanks to the potential victory of Donald Trump in the U.S. elections. At the time of writing, DOGE is trading at $0.2066 USD, boasting a daily gain of 28%. In certain trades, it briefly reached $0.22 USD, achieving a 30% daily increase—levels unseen since…

The cryptocurrency market kicked off the week on a positive note, with a strong rally in the price of major tokens. However, the Bitcoin surge was not as favorable for traders, particularly those who had opened short positions. In the last 24 hours, short-sellers have incurred losses amounting to $143.13 million. Overall, the market saw…

At the time of writing, Bitcoin’s price sits at $54,119, marking a daily decline of 4.1% and a 7.05% drop over the past week. Following a surge due to positive employment data, Bitcoin saw a sharp correction, leading some analysts to suggest that BTC could dip to the $40,000 mark. Impact of Employment Data on…

Activity on the Ethereum network shows a significant drop during August, according to recent data. Some key indicators are raising concerns among analysts and investors that interest in the network could be entering a prolonged negative phase. The current environment in the cryptocurrency market is not the most favorable for investor stimulus. This could be…

After contending with relentless selling pressure from the Grayscale Bitcoin Trust ETF (GBTC), the combined liquidations of approximately 60,000 BTC by the German and U.S. governments, distributions to Mt Gox creditors amounting to over 100,000 BTC, and additional distributions linked to the collapse of Celsius, Gemini, and Genesis Trading, Bitcoin is still holding steady at…

In an unprecedented operation, German authorities have seized nearly €25 million in cash and cryptocurrencies, dismantling a vast network of illegal cryptocurrency ATMs. This action marks a significant milestone in the fight against financial crime in Europe and highlights the growing scrutiny of crypto transactions across the continent. The raid, which took place on August…

Recent data from DefiLlama reveals a significant drop in trading volume on Solana’s decentralized exchanges (DEX) over the past week, with a decline of more than 10%. In contrast, trading volumes on Ethereum, Base, and Sui DEXs have seen increases of 12%, 11%, and a notable 77%, respectively, during the same period. To put this…

The cryptocurrency market is experiencing one of its most challenging days in 2024. Major tokens have dramatically declined in the early hours of this Monday, leaving investors worried that this downward trend may persist throughout the week. Despite attempts by BTC to rebound, selling pressure remains strong enough to threaten the $50,000 level. Analysts are…

The cryptocurrency market faced a tumultuous day, leading to massive losses that have investors fearing the worst. This raises concerns that the bull cycle might prematurely end. While it’s unlikely to occur, it remains a persistent worry among investors. As of writing this article, Bitcoin’s price is declining significantly. Over the past week, the leading…

In a surprising move for the crypto sector, the mining firm Marathon Digital announced a $100 million injection to purchase BTC. This initiative highlights the company’s solidity and the confidence of its leadership in the future of the crypto market. The company affirms that it is resuming its total Bitcoin holding strategy. This strategy means…