Articles for tag: Bitcoin declines, Cryptocurrency market, inflation impact, Liquidations, market correction, meme coins, trading volatility

December 20, 2024

Crypto Market Liquidations Hit $1.2 Billion as Bitcoin, Dogecoin, XRP, and Solana Experience Significant Double-Digit Losses

The cryptocurrency Market is experiencing a significant downturn, with over $1.2 billion in liquidations occurring in just one day. Major cryptocurrencies like Bitcoin, Ethereum, XRP, Dogecoin, and Solana have all faced double-digit losses. Bitcoin dropped 7% to $97,000, while Dogecoin fell 20%, reaching $0.31. This sell-off was triggered by Federal Reserve Chair Jerome Powell’s comments ...

December 20, 2024

Market News

Crypto

Crypto Market Plummets: BTC, ETH, and XRP Crash Erases $1.17 Billion Value in Major Loss for Investors

Bitcoin, Ethereum, and Ripple are experiencing significant price drops, closing below key support levels. Bitcoin’s price has fallen below $100,000, indicating a potential further decline, while Ethereum is trading around $3,450 after breaching the $3,522 level. Ripple is facing resistance at $2.21, and a close below this support could lead to a deeper pullback. In ...

December 20, 2024

Market News

Crypto

Bitcoin Drops Below $96K: Ethereum, Cardano, and Dogecoin Face Over 10% Decline in Major Crypto Market Correction

Cryptocurrency prices took a hit on Thursday, following a selloff on Wednesday triggered by Federal Reserve Chair Jerome Powell’s cautious comments regarding interest rate cuts for the next year. Bitcoin briefly tried to climb back above $100,000 but fell to the low $97,000s before settling around $98,000. Other altcoins faced even steeper declines, with Ethereum ...

December 19, 2024

Market News

Crypto

Crypto Longs Face $700M Liquidations Following Trump’s Bitcoin Plans: Market Impact and Trends Explored

Bitcoin faced a significant slump, leading to over $700 million in liquidations across futures linked to major cryptocurrencies, including XRP and Dogecoin. BTC dropped below $100,000, partially recovering as the Asian Market opened. This decline followed remarks from Federal Reserve Chair Jerome Powell, who indicated that current regulations prevent the Fed from owning Bitcoin. His ...

December 18, 2024

Market News

Crypto

Bitcoin, Ethereum, and XRP Signal Short-Term Correction: What Traders Need to Know

On Wednesday, Bitcoin’s price saw a slight decline after reaching a new all-time high of $108,353 the day before, currently trading around $105,019. Ethereum, facing resistance near the $4,000 mark, experienced a drop to approximately $3,858, indicating possible further correction. Ripple also traded lower at about $2.53 after recently testing $2.66, suggesting potential pullbacks ahead. ...

December 17, 2024

Market News

Crypto

Cryptocurrency Market Trends: Key Insights and Industry Developments to Watch in 2023 for Investment Success

A new report by ResearchAndMarkets.com reveals that the global cryptocurrency Market, valued at $1.3 billion in 2023, is expected to grow to $1.8 billion by 2030, with a compound annual growth rate (CAGR) of 4.8%. The report provides detailed insights into Market trends, drivers, and forecasts, covering key regions such as the U.S., China, and ...

December 17, 2024

Market News

Crypto

Ripple Launches Stablecoin Initiative Aiming for Global Exchange Integration and Enhanced Cryptocurrency Adoption

Ripple, a well-known blockchain company, is set to launch its stablecoin, Ripple USD (RLUSD), on December 17. This dollar-backed digital currency aims to enhance the use of stablecoins in global finance, especially with expected regulatory clarity following Donald Trump’s recent election. Initially, RLUSD will be available on platforms like Uphold and Bitso, with plans to ...

December 17, 2024

Market News

Crypto

Crypto Investment Products Achieve Record Year-to-Date Inflows, CoinShares Reports Unprecedented Growth in 2023 Financial Landscape

Crypto investment products have surged in 2024, with net inflows reaching an impressive $3.2 billion just last week, according to CoinShares. This has pushed the total year-to-date inflows to a record $44.5 billion, surpassing previous years by four times. A significant portion of this growth is driven by U.S. spot Bitcoin exchange-traded funds (ETFs), which ...

December 17, 2024

Market News

Crypto

High Volume Put Options Surge for BlackRock’s Bitcoin ETF: What the $30-$35 Levels Mean for Investors

Recent activity in put options for BlackRock’s Nasdaq-listed spot bitcoin ETF (IBIT) has raised eyebrows, with more than 13,000 contracts for $30 out-of-the-money puts being traded. Despite this surge, experts suggest that this may not indicate a bearish outlook. Much of the trading volume reflects a strategy called “cash-secured put selling,” where traders aim to ...

December 16, 2024

Market News

Crypto

$21 Billion Exits Grayscale Bitcoin Trust ETF: What It Means for Cryptocurrency Investors

The Grayscale Bitcoin Trust (GBTC) is facing significant outflows, losing over $21 billion since becoming a spot ETF in January 2024, making it the only U.S. Bitcoin ETF experiencing negative net inflows. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) has seen immense demand, capturing nearly $36 billion in inflows. Despite GBTC’s struggles, the overall Bitcoin ...