After the latest bout of selling on Monday, traders are bracing for bigger moves lower.
Ether, the world’s second-largest cryptocurrency, led the rout with its steepest weekly decline since June
As Bitcoin’s price plateaus, interest is rising in other digital assets, such as second-largest cryptocurrency Ether and XRP
The groups of Bitcoin and Ether ETFs each posted record monthly net inflows in November, $6.5 billion and $1.1 billion respectively
While cryptocurrencies have become popular as an asset class, its status as a safe haven has come into question after the recent market mayhem
Shares in crypto-related U.S. stocks also plunged before the open on Monday. Miners CleanSpark, Bitfarms, Riot Platforms and Marathon Digital slumped between 12% and 18%
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The cryptocurrency market observed a strong recovery in the year 2023 after it witnessed a slight downside due to the global macroeconomic situations and inflation data. Bitcoin trades above $52,000 and hit all time high of $69,000 in November 2021. Catch Manisha Gupta in conversation with Ashish Singhal, Co-founder of Coinswitch, to discuss the cause of this Crypto surge.
The global crypto market cap is $1.20 trillion, a 1.63% increase over the last day.
The second-biggest cryptocurrency by market capitalisation, ether hit as high as $2,130.80, its highest since May 2022.
With it, the NFT collector also destroyed a third of his net value.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
It hadn’t been above $20,000 since Nov. 8, and Saturday marked its 11th straight day advancing. Second-largest Ether surged as much as 9.7%, and other tokens like Cardano and Dogecoin also notched solid gains.
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Bitcoin, the biggest cryptocurrency by market value, has fallen to a three-month low of below $19,000, whereas, Ether's value has dropped to a two-month low of around $1,285.
Ether fell as much as 5.6 percent to a two-month low and was trading around $1,302 as of 10:35 am in Singapore, while Bitcoin shed about 5 percent to recede below $19,000
The total volume in DeFi stood at $4.01 billion, 7.30 percent of the total crypto market 24-hour volume. The volume of all stablecoins was at $48.92 billion, which is 89.12 percent of the total crypto market 24-hour volume.
Bitcoin's fall comes after a weak day on Friday for the currency, which fell as Wall Street slumped with all three benchmarks ending more than 3 percent lower
The total crypto market volume over the last 24 hours declined 2.21 percent to $64.04 billion
The price of bitcoin hovered at Rs 17.99 lakh. Bitcoin’s dominance was 39.73 percent, a fall of 0.15 percent over the day, according to CoinMarketCap.
The price of bitcoin hovered at Rs 17.80 lakh. Bitcoin’s dominance is 39.86 percent, a fall of 0.01 percent over the day, according to CoinMarketCap
This is the latest rug pull, a scam where developers abandon a project and leave with investors’ funds.
In crypto parlance, it’s known as the “flippening” -- and it’s still likely a ways off, if it happens. Ether’s market value of around $210 billion is less than half the size of Bitcoin’s even after Ether surged 50% over the past month.