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Bitcoin Hits $99,997 Low as Crypto Market Faces Sharp Declines

Bitcoin Hits ,997 Low as Crypto Market Faces Sharp DeclinesOn Wednesday, the price of bitcoin plummeted below the $100,000 mark, hitting an intraday low of $99,997 per coin. The whole crypto market has taken a hit, dropping 5.74% in the past 24 hours, with numerous coins feeling the sting of heavy losses. Bitcoin’s Rollercoaster Week: From Record High to Sub-$100K Slide It feels like […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Trump’s inauguration could mark local top for crypto, research shows

Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows.

The cryptocurrency market’s bullish momentum may slow after United States President-elect Donald Trump’s inauguration on Jan. 20, 2025, according to data on historical market performance during US election years.

In the US, stocks — and cryptocurrencies such as Bitcoin (BTC) — perform well in the weeks after a presidential election and then cool off once the President-elect takes office, according to data from Bloomberg and researcher Macrobond Financial.

This is especially pronounced when the incumbent president is a Republican, according to data from TS Lombard, a research group. The Republican party is typically seen as more business-friendly, sparking greater post-election market euphoria.

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Can liquid staking tokens depeg due to market volatility?

Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.

The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols.

Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications.

However, liquid staking tokens (LSTs) could temporarily lose their price peg to Ether (ETH), according to Carlos Mercado, a data scientist at Flipside Crypto research firm.

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Ethereum Technical Analysis: Bullish Breakout Needed to Reverse Bearish Trend

Ethereum Technical Analysis: Bullish Breakout Needed to Reverse Bearish TrendAs of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure. Ethereum On […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses

BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE LossesOn Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday, […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says

Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst SaysA researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

Bitcoin Nears K as Crypto Rebounds on Jobs Report and Rate Cut HopesOn Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market DownturnBitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

The Top 5 Crypto Sectors Driving the Market in October 2024

The Top 5 Crypto Sectors Driving the Market in October 2024As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, there’s been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange tokens and store of value coins. The following editorial explores the top five […]

SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors

Has the crypto market bottomed? Look out for these 5 keywords

Is the crypto market primed to rebound? Santiment believes several words uttered on social media could hold the answer. 

There are at least five keywords that could signal a crypto market bottom, according to crypto research firm Santiment.

The price of Bitcoin (BTC) slipped 3% in the last 24 hours following heightened geopolitical tensions in the Middle East. Crypto traders are increasingly concerned with what escalating conflict would mean for risk assets.

In an Oct. 2 blog post, Santiment director of marketing Brian Quinlavin said when five main “fear” words are used frequently on social media, it can help traders identify if the market is overly fearful and potentially primed for a breakout.  

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SEC Slaps Digital Currency Group With $38,000,000 Fine, Claims Crypto Venture Firm Misled Investors