Despite a resurgent banking crisis in the U.S. and an upcoming Fed meeting, the price of Bitcoin has remained stagnant, creating an opportunity for other cryptocurrencies, known as Altcoins, to rally. This is evident in the 15.89% increase in BCH and the 8.33% rise in Uniswap’s trading volume, indicating a strong appetite among traders for … Read more
Most of the cryptocurrencies traded in the red for the fourth consecutive day, yesterday. In the past 1 week, BTC fell 4.48%, whereas ETH was below the RM9,000 level. Sources said Bitcoin continued to consolidate below the US$28,000 as investors eagerly await for the Federal Open Market Committee’s meeting next week. Meanwhile, SOL enters a … Read more
BTC and ETH have risen about 6% and 15%, respectively, over the past week. While BTC has driven the market so far, the Shapella upgrade has boosted ETH trading. Another rally is SOL. SOL blew up 16% high and much of it was thanks to the release of Saga, an Android phone powered by the … Read more
The major cryptos have been consolidating for the past week after a recent bullish run in the market as many investors are waiting on the sidelines for the next major price movement. In other major news, the anticipated Shanghai Upgrade for Ethereum is scheduled to take place on April 12, 2023.
Last week, XRP’s price rose as investors grew more confident in Ripple winning its lawsuit against the SEC, while Bitcoin’s price dipped slightly but remained above $27,000. The market was also unsettled by US regulators’ litigation against Binance, the world’s largest crypto exchange, for allegedly violating trading rules.
Bitcoin and other major cryptocurrencies saw price increases as funds were seen turning to crypto trading amidst the ongoing banking crisis. This could reflect the changing attitudes of consumers towards traditional banking. The high Fear and Greed Index score also reflects growing confidence among investors in the growth potential of the crypto market.
The cryptocurrency market has experienced another uptrend this past week after several weeks of consolidation, as investors react to the fallout of the collapse of several regional banks in the U.S. earlier this month.
Following Silvergate’s liquidation and Silicon Valley Bank’s collapse last week, crypto prices have dipped. Half of US venture capital-backed startups were exposed, causing stablecoins turmoil and a significant blow to crypto prices. While the SVB collapse had hurt the tech/crypto sector, experts say it is not expected to threaten the financial health of the entire … Read more
The cryptocurrency market experienced a bearish trend last week after a classic rally at the beginning of the year. The SEC’s investigation into Binance and the financial crisis at Silvergate also contributed to the market decline, with Bitcoin and Ethereum both losing over 5% last Friday. Events lined up for the coming week like the … Read more
Cryptos have lost their momentum to keep the prices on the rise, and the Solana network experienced crashes in the protocol twice during the weekend, resulting in a drop in price. Important economic data such as the Consumer Confidence Index from the US and the Inflation Rate from China are set to be announced in … Read more