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Market Downturn

September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit

September Crypto Crash Wipes Out 0B, Bitcoin and Ethereum Take the Biggest HitBetween Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with them. Crypto’s […]

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Crypto Economy Falls to $1.91T, 34 Coins Hit Hard With Double-Digit Declines

Crypto Economy Falls to .91T, 34 Coins Hit Hard With Double-Digit DeclinesWhile bitcoin has dropped 7.6% over the past week and ether has slid 7.98%, many other assets have faced notable declines. The Tron-based SUN token took the hardest hit, plunging 23.61% to become this week’s biggest loser. On the flip side, helium (HNT) surged 27.23% within the same seven-day span. Bitcoin, Ethereum Slump as SUN […]

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Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs

Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold ClimbsOn Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]

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Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M

Bitcoin Slides Below K as Market Plunge Wipes Out 8MAfter lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the […]

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Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations

Bitcoin Slips Below K as Crypto Market Faces 2M in LiquidationsOn Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a […]

The Graph introduces GRC-20 standard for Web3 data structure

Investors Accumulate as Bitcoin Dips: Record Transfer to Long-Term Wallets

Investors Accumulate as Bitcoin Dips: Record Transfer to Long-Term WalletsDespite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses over the last 30 days. These recent statistics suggest that some investors are seizing the current price […]

The Graph introduces GRC-20 standard for Web3 data structure

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode ReportThe latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s […]

The Graph introduces GRC-20 standard for Web3 data structure

Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback

Following the Crypto Downturn, Market Observers Predict a 2020-Style ComebackOver the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars have exited the crypto economy, but some believe a rebound similar to 2020 could still occur. Onlookers […]

The Graph introduces GRC-20 standard for Web3 data structure

Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall

Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in FreefallPresently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens of Crypto Coins See Percentage Losses, A Few Tumble 50% […]

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Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity

Crypto Market Slump: Key Currencies Drop Amid Rising Trade ActivityThe cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp, and toncoin achieved modest gains. Crypto Market Dips, Long Positions Lead to $134.65M in Liquidations Bitcoin […]

The Graph introduces GRC-20 standard for Web3 data structure