market decline

Bitcoin ETFs Bleed $242M While Ethereum Funds Follow With $48M in Losses

October 2, 2024 Bitcoin.com

Bitcoin

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin’s value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day’s trading. Fidelity and Grayscale Lead the Pack in Tuesday’s ETF Outflows After a series of positive inflows, the 12 U.S. spot […]

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Crypto-Related Stocks Slide Amid Global Market Turmoil

August 5, 2024 Bitcoin.com

bitcoin.com

U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary […]

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Crypto industry skeptical of memecoin promoted on Trump’s social media

Grayscale’s ETHE Hemorrhages $2 Billion in Just 9 Trading Days

August 3, 2024 Bitcoin.com

bitcoin.com

On Friday, U.S. spot ethereum exchange-traded funds (ETFs) faced $54.27 million in outflows, a stark contrast to Thursday’s net inflow of $26.7 million, as indicated by recent data. Meanwhile, Grayscale’s Ethereum Trust (ETHE) has seen a reduction of over $2 billion in ethereum since July 23. U.S. Ether ETFs Shed $54.27 Million on Friday The […]

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Bitcoin’s Market Cap at Risk of Falling Below $1 Trillion for First Time in 4 Months

July 6, 2024 Bitcoin.com

1 trillion

According to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $1 trillion mark. If bitcoin’s value drops by $110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $1 Trillion Mark Bitcoin (BTC) has experienced a challenging month, losing about 20% against […]

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NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May

July 1, 2024 Bitcoin.com

Bitcoin

Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […]

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NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week

June 29, 2024 Bitcoin.com

Bitcoin

Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, […]

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NFT Sales Plunge 21% Amid Broad Crypto Market Decline

June 22, 2024 Bitcoin.com

Bitcoin

Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn […]

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Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp

June 18, 2024 Bitcoin.com

Bitcoin

The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $68.3 million in bitcoin long positions have […]

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Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses

June 17, 2024 Bitcoin.com

Bitcoin

While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto market capitalization stands at $2.39 trillion, reflecting a […]

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Bitcoin Falls Below $67K, More Than 75K Traders Liquidated Amid Market Decline

June 11, 2024 Bitcoin.com

Bitcoin

On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions. Bitcoin Shudders Below $67,000 The global […]

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Crypto industry skeptical of memecoin promoted on Trump’s social media