Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows
Bitcoin price is falling again after it started making a positive turn at the beginning of July. The entrance into the second half of 2022 seemed to revive most cryptocurrencies. There was a sudden rise in value for several tokens, with the world’s largest crypto asset almost taking the lead. Bitcoin hit the $25,000 level within the past few weeks, but such performance is not sustainable. On consecutive days this week, BTC lost hundreds of dollars in value as the price crawls back to around $23,000. The broader market is struggling through the downward path as many altcoins are....
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Data shows the NFT weekly market volume has now plunged down to the lowest value since July of 2021. Is the non-fungible token hype fading? NFT Weekly Trading Volume Sinks To Lows Not Seen Since July Of Last Year As Bitcoin and the wider crypto market has continued to bleed recently, the non-fungible token sector […]
Bitcoin has been pushed down further over today’s trading session and approaches critical levels of support. The first crypto by market cap gave back all the profits from last week rallied and has been moving in the red over the past 24 hours. Related Reading: Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows At the time of writing, Bitcoin (BTC) trades at $23,400 with sideways movement in the past day and a 2% loss over the past 7 days. Director of Macro for investment firm Fidelity Jurrien Timmer believes long-term Bitcoin investors have an opportunity to increase their....
The crypto market has been struggling for a while now and has taken the likes of Bitcoin down with it. The result of this extended trend of low prices has been that profitability has dropped across both major and minor digital assets in the space. For Bitcoin, the pioneer cryptocurrency has been especially hard hit […]
Data shows the NFT weekly trading volume has now declined to lows not seen since June 2021, as the NFT hype continues to die down. NFT Weekly Trading Volume Has Now Come Down To Just $81 Million The non-fungible token market has been struggling since a few months now as the rest of the crypto […]
Bitcoin has undergone a strong surge since the lows of the week around $13,200. As of this article’s writing, the leading cryptocurrency trades for $15,100, slightly below the $15,300 daily highs but far above the aforementioned weekly lows. The leading cryptocurrency is up around 6% in the past 24 hours as the U.S. dollar continues […]