Current Price $541.27
U.S. stocks and Bitcoin experience significant declines amid recession fears. Arthur Hayes’s Bitcoin price prediction of $75,000 gains credibility with market downturn. Bitcoin struggles to decouple from traditional markets, showing potential for short-term rebound. Worries about a recession sent markets tumbling, hitting both stocks and crypto. On Black Monday, U.S. stock indices took a dive: the Dow shed 2%, the…
Bybit, a major crypto exchange, has experienced a sharp decline in market share following the $1.5 billion security breach it suffered in February. Data from Kaiko reveals that Bybit’s market share plummeted from nearly 20% on Feb. 21 — the day of the attack — to as low as 5% on March 2. However, the exchange’s numbers have slightly improved…
Prices of ether (ETH), the native token of Ethereum’s blockchain, fell almost 20% in the seven days to March 9, registering their biggest weekly percentage slide since November 2022, according to data source TradingView. The sell-off has penetrated a bullish trendline that starts with the low registered after the June 2022 crash of Terra’s algorithmic stablecoin, UST, which destroyed billions…
Network economist Timothy Peterson warns that if the US Federal Reserve holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000. “What it needs is a trigger. I think that trigger may be as simple as the Fed not cutting rates at all this year,” Peterson said in a March…
Solana rose to astronomical heights and currently sits among the top 10 cryptocurrencies in terms of market capitalization. However, the upcoming bull market brings back discussions about which blockchain projects will dominate. One strong contender emerging in the space is Kaanch Network ), a blockchain platform designed to address scalability, security, and efficiency. As the cryptocurrency market experiences significant momentum,…
Many investors had high hopes for the Crypto Summit, expecting major announcements that would boost the market. However, the event turned out to be largely uneventful. Donald Trump simply reaffirmed his previous stance on crypto, without introducing any new policies or regulations. Other industry leaders, including Michael Saylor and Brian Armstrong, praised Trump’s pro-crypto position but failed to present concrete…