Inflation fears send Bitcoin below $32K

Crypto sinks with stocks on economic uncertainty Bitcoin’s summer slump continues, with prices falling below $32K as post-pandemic inflation fears wash over the cryptocurrency market. The U.S. Labor Department released data last week showing that U.S. consumer prices spiked beyond expectations in June. Major stock indices started falling shortly afterwards, and Bitcoin — already feeling jittery aboutContinue reading “Inflation fears send Bitcoin below $32K”

DeFi boosts market as Bitcoin taps on $35K

Compound jumps 40% while Aave and Uniswap enjoy 20% gains As Ethereum has pushed almost 10% higher this week, Bitcoin has drifted sideways on mixed headlines. The Chinese clampdown on mining continues to drive uncertainty in the market, along with the ramp up of regulatory discussion in the U.S. Yet this is matched by equal amounts of positive news, with Michael Saylor’s BitcoinContinue reading “DeFi boosts market as Bitcoin taps on $35K”

Bitcoin bounces as Elon adds to El Salvador optimism

While altcoins bleed, Bitcoin moves in on $40K Bitcoin is bouncing back. The crypto king has reclaimed its throne, and is closing in on $40K as the altcoin market stagnates. El Salvador’s approval of Bitcoin as legal tender on Thursday could be credited with the turnaround, boosting market sentiment and sparking a wave of interest from politicians acrossContinue reading “Bitcoin bounces as Elon adds to El Salvador optimism”

Crypto market finds footing on institutional support

Bitcoin falls another 10% as DeFi coins show resilience Bitcoin is searching for firm footing around $35K after another week of volatility has washed over the market. The leading cryptoasset hit lows above $33K on Sunday before bouncing, with bullish momentum supported by some of the loudest voices in institutional investing. Ray Dalio admitted to owning Bitcoin at ConsensusContinue reading “Crypto market finds footing on institutional support”

Smart contact platforms soar as Ethereum eclipses $4K

EOS adds 50% while Ethereum Classic triples in value Ethereum and Litecoin have led the market higher this week, with prices roaring past $4K and $400 respectively. As in previous weeks, altcoins have captured the most aggressive gains: Dogecoin finished the week up 20% after Elon Musk appeared on Saturday Night Live. Ethereum Classic tripled in value amidst a market-wide surge inContinue reading “Smart contact platforms soar as Ethereum eclipses $4K”

Altcoins explode as Ethereum smashes $3K

Bitcoin slows as Ethereum hits record highs beyond $3K As the crypto market races back towards all-time highs, Ethereum is shooting ahead. The second-largest crypto has gained over 20% to top $3K for the first time. Close behind, the altcoin market has been supercharged by Ethereum’s strength. Chainlink, XRP, and BNB are surging with double-digit weekly gains, and Uniswap has jumped 17% aheadContinue reading “Altcoins explode as Ethereum smashes $3K”

Bitcoin reclaims $52K after clawing back losses

Tax fears trigger correction for crypto market The crypto rollercoaster has taken another sharp turn, with Ethereum hitting all-time highs last Thursday just before Biden’s plans to hike capital gains tax triggered a sell-off across global markets. Bitcoin plunged below $50K on the news, falling for five consecutive days before bouncing to $52K. Ethereum, on the other hand, managed toContinue reading “Bitcoin reclaims $52K after clawing back losses”

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