Market Update: Crypto Asset Prices Spike Massively, Speculators Claim ‘Altcoi...

Market Update: Crypto Asset Prices Spike Massively, Speculators Claim ‘Altcoi...

A number of crypto-asset markets saw significant gains on Saturday, as a myriad of digital assets spiked between 4-40% in value during the last 24 hours. The entire crypto market capitalization had risen above $540 billion, as top-ten coin values from the likes of bitcoin cash, cardano and XRP jumped massively in value. On Saturday, November 21, 2020, the overall market valuation of all 7,000+ crypto-assets in existence is around $520 to $540 billion. At the time of publication, there’s also around $20 to $32 billion in global trade volume as well. The top digital currency in terms....


Related News

Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Conside...

The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed enormous value on Thursday, November 26, 2020. The entire market cap of all 7,700+ digital assets has lost over 5% in value and rests just below the $500 billion mark. ($498B) BTC prices touched a high on Wednesday evening at $19,319 per unit and slid to a....

BITCOIN IS FALLING MASSIVELY

Bitcoin has fallen massively in the recent minutes. The reason for the panic sells could be explained by Mt. Gox latest press release stating that they are stopping all Bitcoin Withdrawals. We are currently looking into the matter. If you have any news regarding the sudden fall please let us know in the comment section below. Update: As we've noted here at CCN over the last few weeks, Mt. Gox has been spiraling in a descent due to illiquidity issues for months now. Just as in April 2013, Mt. Gox's issues have led to a market-wide reaction in the Bitcoin exchange rate. Strap into your seats....

Pivotal Ethereum DeFi Metric Just Hit a New All-Time High

Even after the recent rally, the prices of top DeFi coins are down massively since the summer highs. Data from CoinGecko indicates that the average DeFi coin has dropped by approximately 60-70% from their summer highs, underperforming Bitcoin massively. This comes in spite of the fact that the total value locked in DeFi contracts has […]

Bitcoin Retreats By $700, Spike Above $18,000 Poses First Potential Peak

Bitcoin price just had its first decent-sized pullback since making it above $16,000. Less than 48 hours later, the cryptocurrency was already trading well above $18,000. In the late-night spike last night, the seemingly parabolic crypto asset touched a new 2020 high of $18,474 on Binance, before falling back to $17,800 where the resistance zone […]

Monero Surges As Crypto Enters New Hype Cycle, Hard Data Shows

Monero’s recent tenfold surge in price set off a firestorm of speculation. While some point to the Bitfinex hack possibly increasing demand for stolen Bitcoin to be converted into something less traceable, other indicators point to dark market integrations, especially from AlphaBay, as the catalyst for the price spike. CoinTelegraph reached out to Fran Strajnar, co-founder and CEO of data and research provider BraveNewCoin, for more concrete data to provide insights into the reason for Monero’s price spike. According to Strajnar, cryptocurrency is entering a new cycle of hype, and the....