Big crash for Bitcoin and Ethereum: 145 million dollars went up in smoke, the crypto market is wavering like never before.
Big crash for Bitcoin and Ethereum: 145 million dollars went up in smoke, the crypto market is wavering like never before.
The crypto market has just suffered a major setback with the spectacular drop of Ethereum. Indeed, the second-largest cryptocurrency by market capitalization plummeted by 9% in just 24 hours. This plunge, fueled by massive sell-offs from large holders and ETF investors, intensifies the pressure on an already fragile market. This episode could well alter the perception of Ethereum as a reliable investment asset.
The sudden arrest of Pavel DUROV at Le Bourget airport in Paris has shaken the world of technology and cryptocurrencies. The emblematic founder of Telegram, a platform that has established itself as a cornerstone of communication for crypto communities, DUROV now faces serious accusations that could not only disrupt the future of the app but also redefine the landscape of secure messaging. Fraud, money laundering, and other serious offenses are at the heart of this case.
Financial markets hold their breath when Jerome Powell, Chairman of the Federal Reserve of the United States, speaks. At the recent Jackson Hole conference, Powell surprised investors with unexpected comments. He suggested a possible reduction in interest rates, as well as a shift towards a more lenient monetary policy. In a global economic context where every word from the Fed Chairman can trigger a cascade of reactions in the markets, these announcements hold crucial importance for crypto investors.
A colossal transfer of Dogecoin shakes the markets. A transaction of 118 million DOGE, equivalent to about 13.3 million dollars, was made to Binance. This news, reported by Whale Alert, a service that tracks large crypto movements, has triggered a wave of speculation about the intentions of the parties involved. This significant movement could be a strong signal of upcoming trends for Dogecoin.
Between euphoria and mistrust, Bitcoin attempts to reach $68,000 while Powell sharpens his monetary tools.
As the 2024 American presidential elections approach, a new player could disrupt the balance of political forces: pro-crypto young voters. Indeed, Generation Z and Millennials now make up 40% of the American electorate. Their growing adherence to cryptocurrencies is not going unnoticed. Coinbase, one of the most influential crypto exchange platforms, highlights the potential of these young voters to become a decisive block at the polls. Their dissatisfaction with the traditional financial system and their attraction to digital innovation suggest that pro-crypto policies could become a key issue in this election.
The anticipation surrounding Cardano's Chang hard fork has turned into frustrated waiting. Initially scheduled for August 27, this significant event for the Cardano ecosystem has been postponed to September 1. This news has shaken the community of investors and developers, who were eagerly awaiting this update. Why is this delay so important? Because it is not just a technical update, but a real turning point in Cardano's governance, with active participation from token holders in network decisions. This delay raises questions about the readiness of exchanges and the future of Cardano in an increasingly competitive blockchain sector.
In a context where regulatory uncertainty in the United States threatens to curb the rise of cryptocurrencies, XRP, the token developed by Ripple, continues to assert its presence on the international stage. As debates around the regulation of digital assets intensify, XRP establishes itself as an essential player, seeking to win over institutions across all continents. This global phenomenon, supported by strategic partnerships and growing adoption, reflects Ripple's resilience in the face of legal challenges, as well as the maturity of blockchain technology in the field of cross-border payments.
In the bustling universe of cryptocurrencies, where trends can reverse in the blink of an eye, a new forecast is disturbing the established order. Dogecoin, the uncontested king of meme coins, could lose its crown before the end of the year. This statement, made by Murad Mahmudov, a former analyst at Goldman Sachs and a respected figure in the field, sparks passionate debates among investors and market observers. While Dogecoin holds a prime position in the top 10 cryptocurrencies, this bold prediction questions the sustainability of its dominance, but also the potential evolution of the meme coin market in general. What would happen if Dogecoin were to be dethroned? And above all, who would be the challenger capable of accomplishing this feat?
Ethereum ETFs based in the United States are facing their longest stretch of capital outflows since their launch. This situation raises questions about their future in an increasingly competitive crypto market.
While the bitcoin market is experiencing a period of turbulence, with overall demand dwindling, a group of investors remains optimistic. This group consists of long-term holders. They continue to accumulate the iconic cryptocurrency, revealing a confidence that contrasts with the general market sentiment.
Cardano (ADA) is currently experiencing a surge in bullish sentiment among investors. The crypto asset is showing a significantly more positive sentiment than its competitors. This renewed interest in ADA is especially noteworthy in the context of a general market recovery, highlighting its unique potential.
In a financial landscape where memecoins generate as much interest as uncertainty, a surprising revelation shakes the crypto market. It is the announcement that the US government holds a colossal amount of Shiba Inu (SHIB).
Bitcoin appears to be taking a decisive pause in its quest for new highs. While the crypto asset seems to regain a semblance of stability by surpassing the $60,000 mark, experts' forecasts remain cautious. Mike McGlone, senior strategist at Bloomberg, shares his analysis on the factors that could threaten the recent BTC rebound.
Franklin Templeton is asking for a Bitcoin-Ethereum ETF. Coinbase is holding the cryptos, the SEC is holding the response... meanwhile, we keep hope alive!
Bitcoin ETF in crisis: BTCE fund liquidates its reserves as Bitcoin rebounds. Paradox or simple anomaly?
The world of crypto is preparing for an event of particular significance: the imminent expiration of Bitcoin and Ethereum options totaling $1.87 billion. In a context where every movement of these digital assets can lead to waves of volatility, this specific event could redefine market dynamics in the coming hours. Indeed, options, financial instruments that allow speculation on future price movements, are often the stage for tensions between buyers and sellers, especially when such large volumes are at stake.
The iShares Ethereum Trust (ETHA) is about to cross a major threshold, with cumulative inflows nearing one billion dollars. This significant growth reflects investors' interest in crypto ETFs.
With $60,000 found, Bitcoin doesn't seem ready to stop. Optimists are already talking about $300,000. Do you believe in it?
Crisis or not, Ethereum ETFs continue to attract funds, highlighting the stability and long-term attractiveness of ether.
The recent dramatic drop in the value of bitcoin has caught the attention of investors and experts. The price of BTC has notably experienced a 30% decrease from its all-time high, raising questions about its future.
XRP is not escaping the turmoil observed at the end of this summer in the financial markets. The crypto asset shows a significant loss that raises questions about its ability to recover in the short term.
The price of ether (ETH) recently reached its lowest level in eight months. This marked decline raises concerns about a recovery that could take longer than expected.
Bitcoin consolidates its dominant position in the cryptocurrency market, reaching 58% market share, while financial markets undergo a severe correction. This increase in dominance comes amid a context of high volatility and risk aversion among investors.
At the beginning of August, investors are wondering if Bitcoin will experience another slow summer. Historically, August has been a month of slowdown for the crypto asset, characterized by a significant decrease in activity and transaction volumes. This trend is confirmed by the latest analysis from Coinbase, which highlights a noteworthy reduction in investor engagement during this period.
As the specter of a US recession looms, ether (ETH), one of the main crypto assets in the market, is facing considerable pressure. Peter Schiff, a renowned economist and financial commentator, shares grim analysis on the altcoin in a precarious economic context.
The recent volatility of the stock market has led to a spectacular increase in liquidations in the crypto market. This event occurs in an uncertain economic context, where investors are reevaluating their portfolios in light of a possible recession.
Disappointing employment figures in the United States shook Wall Street on Friday, triggering a chain reaction in financial markets. These data significantly impacted the values of crypto assets, notably bitcoin.
XRP recently experienced a sharp drop in price, causing concern among investors. This decline occurred after Ripple Labs unlocked a significant amount of the crypto asset, triggering an immediate response in the market.